Low-Code Market Trends for 2024 & Beyond

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Low Code Statistics and Trends

CONTENTS

Gartner Trends and Statistics Forrester Trends and Statistics Infragistics Trends and Statistics Reveal Trends and Statistics Stripe™ Trends and Statistics Grand View Research Trends and Statistics Straits Research Trends and Statistics 451 Research Trends and Statistics

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By 2024, low-code application development will be responsible for more than 65% of application development activity. [1]

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Low-code application platforms (LCAPs) are projected to be the largest component of the low-code development technology market, growing 25% to reach nearly $10 billion in 2023. [2]

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By 2025, 70% of new applications developed by organizations will use low-code or no-code technologies, up from less than 25% in 2020. [4]

Gartner, Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, (August 2019).
Gartner, Press Releas, Gartner Forecasts Worldwide Low-Code Development Technologies Market to Grow 20% in 2023, (December, 2022).
Gartner, Press Release, Gartner Says the Majority of Technology Products and Services Will Be Built by Professionals Outside of IT by 2024, (June, 2021).
Gartner, Press Release, Gartner Says Cloud Will Be the Centerpiece of New Digital Experiences, (November 2021).
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Low-code development platforms are emerging as a key strategy to accelerate app delivery to support digital business transformation. And they have the potential to make software development as much as 10 times faster than traditional methods. [5]

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91% of IT and business decision makers responsible for digital transformation initiatives at enterprises in the US, the UK, Canada, and Australia use low code to improve existing IT capabilities to promote agility and innovation. [6]

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The democratization of development to workers outside of IT shows no signs of slowing down — and as citizen developer strategies mature, we believe that this relatively untapped use case will sustain a 21% growth rate for the next five years, growing to approximately $30 billion in 2028. [7]

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84% of enterprises have turned toward low code for its ability to reduce strain on IT resources, increase speed-to-market, and involve the business in digital asset development. [8]

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And 49% say low-code has the greatest ability to automate processes. Prudent enterprises are even more likely to value low-code for flexibility (83%), speed (63%), and automation (67%). [9]

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According to Forrester’s recent survey, 87% of enterprise developers use low-code development platforms for at least some of their development work. [10]

Why You Need To Know About Low-Code, Even If You’re Not Responsible For Software Delivery, Forrester, (August, 2018).
Large Enterprises Succeeding With Low-Code How To Recognize Low-Code Platforms Built For The Most Demanding Applications, A commissioned study conducted by Forrester Consulting on behalf of Appian, (March, 2018).
The Low-Code Market Could Approach $50 Billion By 2028, Forrester, (January, 2024).
Large Enterprises Succeeding With Low-Code How To Recognize Low-Code Platforms Built For The Most Demanding Applications, A commissioned study conducted by Forrester Consulting on behalf of Appian, (March, 2018).
Large Enterprises Succeeding With Low-Code How To Recognize Low-Code Platforms Built For The Most Demanding Applications, A commissioned study conducted by Forrester Consulting on behalf of Appian, (March, 2018).
The Low-Code Market Could Approach $50 Billion By 2028, Forrester, (January, 2024).
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80% of development teams don’t work with the designer and lack design resources. [11]

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60% of development teams don’t use prototyping tools. [12]

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85% of you say that UI screen layout and working with HTML and CSS are the biggest challenges and time wasters which means most of the development time is spent on tasks developers don’t enjoy doing or don’t have the right skills for it. [13]

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90% to 92% of developers use low-code tools for 0 to 10% percent of their job. [14]

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About half of the survey respondents plan to address developer shortages by using low-code/no-code (app builder) tools, design-to-code platforms and other software that will work for citizen developers. [15]

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Reveal survey include struggles maintaining current talent (46%) and not enough time to get work done (31%). [16]

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More than a third (40%) of software industry professionals are facing increased customer demands and 39% are working with limited resources (lack of budget, unable to maintain software). [17]

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The average developer spends 13.5 hours per week to address technical debt. [18]

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Engineers spend 33% of their time managing technical debt. Software engineers are unable to concentrate on creating the tools organisations need to scale their operations and provide better customer service because of this major hindrance. [19]

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59% of C-level executives agree that the amount of time developers spend on bad code is excessive. [20]

Stripe, The Developer Coefficient: Software engineering efficiency and its $3 trillion impact on global GDP, (September, 2018).
Stripe, The Developer Coefficient: Software engineering efficiency and its $3 trillion impact on global GDP, (September, 2018).
Stripe, The Developer Coefficient: Software engineering efficiency and its $3 trillion impact on global GDP, (September, 2018).
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With the introduction of low-code application development platforms, there is less need to write technical code. As a result, individuals with little to no technical skills can build a precise, practical online application. [21]

Straits Research, Low Code Development Platform Market Size, Share & Trends Analysis Report.
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The global low-code application development platform market size was estimated at USD 24.83 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2030. [22]

Grand View Research, Low-Code Application Development Platform Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Application, By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 – 2030.
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The overall benefit of a DAP is speed. In general, they can potentially shave 50-90% off development time vs. a coding language. We believe low-code DAPs will craft nearly half of all applications developed in the coming years because they take less time to porotype, test and deploy to production. [23]

Data and analytics provided by S&P Global Market Intelligence, Intelligent Process Automation and the Emergence of Digital Automation Platforms The transformation of application development and its emerging role to enable new competitive advantage (February, 2018).

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