Low-Code/No-Code Tools Ignite Democratized Development
According to a new report from ISG, the low-code/no-code software development market is valued at nearly $15 billion and is projected to quadruple in the next five years. This shift is driven by enterprises needing rapid digital solutions amidst a shortage of coding talent. The report highlights the significant benefits of low-code/no-code platforms, including a 70% reduction in development costs and the ability for non-IT staff to create applications quickly, with some projects completed in just three days. Key adopters include sectors like financial services and manufacturing.
- Low-code/no-code market valued at nearly $15 billion, expected to quadruple in five years.
- Development costs can be cut by 70%, enhancing overall business efficiency.
- Platforms allow non-IT departments to create applications quickly, improving operational agility.
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Simplified programming tools help companies modernize quickly, empower departments to craft applications for their own needs, ISG Provider Lens™ report says
The 2022 ISG Provider Lens™ Next-Gen ADM Solutions global report finds the worldwide market for low-code/no-code development platforms, which accelerate development and often allow non-technical employees to write applications, is valued at nearly US
“The low-code/no-code market is still in its infancy,” said
Enterprises in consumer services, financial services, manufacturing and energy are among the leading adopters of low-code/no-code platforms, which have been gaining momentum over the past five years, the report says. The
Low-code/no-code platforms deliver measurable benefits in speed, convenience and cost, the report says. They allow applications to be written in a small fraction of the time needed for full-stack development, with far less hand-coding. Development costs can be cut by 70 percent.
By giving non-IT departments an on-ramp to app development, these platforms allow enterprises to add new IT capabilities quickly without the need to coordinate all modernization efforts across the organization, the report says. Full-scale IT modernization typically takes 12 to 24 months, but employees can bring significant benefits to their own department’s operations using low-code/no-code tools in as little as three days. Many providers are introducing reusable packaged components to make development even easier.
“The developer of the application is the user, so they know the requirements and can deliver on them almost immediately,” said
The report examines many trends and concerns around low-code/no-code platforms, including common and emerging features, benefits for software testing and the hazards of vendor lock-in.
For insights into the main challenges companies are addressing with low-code/no-code development and advice on what to look for in a platform provider, see the ISG Provider Lens™ Focal Points briefing here.
The 2022 ISG Provider Lens™ Next-Gen ADM Solutions global report evaluates the capabilities of 20 providers across one quadrant: Low-code/No-code Development Platforms.
The report names Appian,
In addition, Airtable and Genexus are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition.
Customized versions of the report are available from UiPath and Zoho.
The 2022 ISG Provider Lens™ Next-gen ADM Solutions global report is available to subscribers or for one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across
A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.
About ISG
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