32 Low-code Development Statistics to Know Before Adopting

Many people want to design their applications but they can’t due to a lack of coding skills.

I am one among them. We used to have a variety of ideas to develop apps and websites and see them in action. Learning various coding skills and implementing them is always time-consuming and difficult. 

A low-code development platform helps people in developing applications with the use of minimal coding or no-code itself. Various businesses adopt low-code platforms to get quick application development and generate more revenue. This software also helped businesses in reducing the cost of hiring top-notch software developers since professionals with less technical skills can now develop great software in a short time.

Low-code development statistics

Low-code development platforms are software that require less or no code for a website, software, or application development. It has an advanced user interface with drag and drop support to build the applications. These platforms are getting popular in the market; enterprises and small businesses are seeing benefits from it.

This article will help you understand the latest low-code development trends and statistics to help you check its actual usage and drawbacks. These trends will also help you know the market perception towards the low-code platforms and how they can affect your business.

Low-code development general statistics

In the era of digital transformation, businesses are looking to simplify their workflows and get extra benefits with limited resources. In this phase, low-code development is  well-suited to help different businesses succeed. Check the following statistics below to get a better idea regarding the boom of low-code development platforms.

• The global low-code development platform market is predicted to generate a revenue of $187.0 billion by 2030, rising from $10.3 billion in 2019, and is expected to advance at a fast pace, 31.1% CAGR, during the forecast period (2020-2030).
• 66% believe digital transformation & increase responsiveness to the business as the main motive of the low-code dev platform and 45% use it to reduce dependencies on hard-to-hire tech skills.
• 22% of companies in 2018 are using a low-code platform and another 22% increased in a year.

• 80% of its respondents believe that using low code can free developers time to work on higher-level projects.
• In enterprises with more than 500 employees, 65% said they have plans to deliver 10 or more apps, 38% plan to build 25 or more apps and 15% said they plan to develop 100 or more apps this year.
• In 2019, 41% of enterprises were already on low-code platforms and 10% were planning to get it soon.

Low-code development market adoption statistics

The number of applications built by various businesses is always increasing. Businesses are competing with each other to win both in quality and quantity. Low-code development platforms help businesses in achieving these targets.

Businesses have started training their employees to use low-code software and get more applications developed than before. The below statistics will help you understand how businesses have adopted the new low-code development tools and what their expectations are.

• 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.
• 31% of enterprises using low-code have not used it to build and deliver any of their highest-value applications.
• Prudent enterprises are even more likely to value low-code for flexibility (83%), speed (63%), and process automation (67%).

• By 2023, over 500 million digital apps and services will be developed and deployed using cloud-native approaches – the same number of apps developed in the last 40 years.
• 82% of firms say custom app development outside of IT is important.
• 63% of apps made on low-code apps are classified as for maintenance. 40% said that less than a quarter of the apps they make in the year would be related to innovation.
• Utilization, energy, and extraction sectors are having the highest market adoption rate of low-code platforms (17%).

Low-code development benefits statistics

Cost-effectiveness and productivity have always attracted business owners to adopt new technologies. Similarly, with low-code development platforms, business owners found hope of better agility, cost optimization, and various other value-adding factors. 

But still, the question remains: is it actually effective? Well, check out the various statistics based on the survey reports of top-market research firms and learn how businesses are getting value from them.

• Low code/ no-code platforms have the potential to reduce the development time by 90%
• 80% of organizations state that citizen developers have given IT departments more breathing room.
• Low-code users are 12% more likely to say that their app backlog has improved.
• The average company avoided hiring two IT developers using low code tools. This reaped about $4.4 million in increased business value over three years from the applications designed. 
• 71% of organizations that leverage citizen development has sped up application development by at least 50% and 29% of companies have seen a 2X or more jump in delivery time. 90% of developers who use a low-code platform have less than five app requests per month in the backlog.
• Among IT teams that used low-code solutions, business units were 21% happier with lead times than among those without low-code.
• 70% of low code users who had no experience at all before using low code platforms learned low code in 1 month or less. 

• 69% of professional IT developers are preferring a low-code development platform to work with.
• The average number of applications developed with a low-code development platform in a year is 12.

Low-code development challenges statistics

There’s always another side of the coin. With great benefits and ease of use, the low-code development platform is also having certain drawbacks that might affect some business choices. These demerits can be challenges for some business owners and they need to know it before making the purchase.

Some of these challenges might be unnoticeable and businesses realize it after it’s too late. So, to help you out, we are listing some of the most critical challenges and statistics that businesses have faced.

• 47% of organizations are still not using a low-code development platform as they lack knowledge about it.

• 5% of low-code application users believe the low-code applications are clunky.
• Only 12% of enterprises manage their business processes using low code tools after buying them.
• 37% of organizations are concern about “lock-in” with a no-code/low-code vendor.
• 32% of organizations don't believe we could build the types of app we need.
• 25% of organizations are concerned about the scalability of the apps created.

The magic coding tool of the next generation

The next generation of the software development process will be focused on building advanced features using artificial intelligence and machine learning. So, a low-code development platform will definitely boom in the marketplace becoming a powerful need for all enterprises for building greater and modern business applications. This will also reduce complexities for getting seamless outcomes.

Interested in knowing more about low-code platform solutions? Check out our article on How Low-Code Platforms Can Help Shape Your Digital Workplace and know all the magic you can achieve.