Why Low-Code And No-Code Software Is The Latest Industry Disruptor?

Type
Articles
Category
Tech Titans’ Triumphs
Date
2024-03-29
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Low-code and no-code software are disrupting the technology industry, enabling businesses to develop custom applications rapidly and innovate at scale. Examples include Amazon's Honeycode and Google's acquisition of Appsheet. Research suggests a significant adoption increase in enterprises, with Forrester reporting 12% current usage rising to an estimated 75% by 2024. These platforms offer affordability, with costs ranging from $25 to $5000 per month.

Low-code platforms require minimal hand-coding, allowing developers to design applications by dragging and dropping components. Examples include Salesforce and Zoho. No-code platforms enable citizen developers to create applications without coding, using visual development tools. Examples include Pipedrive and Airtable.

Advantages include faster build and deployment, empowering non-technical employees to create applications, cost-effectiveness, and streamlined workflows. Disadvantages encompass potential shadow IT, security concerns, greater risk of errors, and challenges for citizen developers lacking technical expertise.

Gartner forecasts low-code platforms to account for 65% of all app development by 2024, with the market expected to grow from $10.3 billion in 2019 to $187 billion by 2030. These platforms will facilitate digital transformation, agile development, and flexibility to adapt to evolving technologies.

Innovation InsightsEmerging Tech