Low-Code Development Platforms Statistics


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Low-Code Development Platforms Statistics 2023: Facts about Low-Code Development Platforms outlines the context of what’s happening in the tech world.

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Top Low-Code Development Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 76 Low-Code Development Platforms Statistics on this page 🙂

Low-Code Development Platforms “Latest” Statistics

  • Run your important applications 24 hours a day with the greatest possible high availability (99.99%).[1]
  • According to a commissioned Forrester consulting total economic impact research, using Power Apps reduces the average cost of developing an app by 74%.[2]
  • It has been shown that adopting no-code or low-code platforms or applications has had an 83% beneficial influence on users’ job satisfaction and workload, as well as an 80% positive impact on users’ morale.[3]
  • A recent Microsoft research found that 82% of low or no-code users agree that the technology helps provide software users with the chance to expand their development knowledge and technical abilities.[3]
  • It is vital to make investments in staff development. 71% of prospective customers are less confident about their prospects while working for a firm that doesn’t invest in their technological talents.[3]
  • The potential for learning with low or no code 80% of low-code or no-code platform users and prospective users say they would be more eager to work for a business that supports their technical upskilling.[3]
  • 63% of users feel that their company’s long-term investment in technical upskilling is helpful, compared to 36% of prospective users.[3]
  • Users of these platforms are likelier to say they’ve taken advantage of relevant training opportunities inside their business than prospective users, 78% vs 41%.[3]
  • According to a 2016 forecast from the research company Forrester, the global market for low-code development platforms will reach 15.5 billion by 2020.[4]
  • According to the most recent figures from Gartner, a top global research and consulting company, the market for low code development will expand by 23% by 2021.[5]
  • With over 100 Azure data centers, Microsoft’s global network edge, a 99.9% financial uptime guarantee, and 90 more compliance certifications than any other low-code data platform, Power Apps provide corporate dependability.[6]
  • 47% of developers said they lacked access to the tools necessary to produce apps quickly enough to fulfill deadlines.[7]
  • 73% of CFOs said their companies are already automating and integrating workflows and procedures.[7]
  • As of 2018, 84% of corporate firms use low-code development to relieve pressure on their it departments.[7]
  • 31% of businesses employing low-code at the moment, according to Appian, haven’t created or released any of their most valuable apps.[7]
  • According to McKinsey, organisations with the greatest tools generate developer velocity and are 65% more inventive than the bottom.[7]
  • 41% of respondents to a Gartner poll on citizen development reported having initiatives in place at the moment.[7]
  • Firms that can provide access to these technologies throughout development saw a 47% increase in retention rates.[7]
  • 28% mastered how to build an app in less than two weeks. 72% of respondents said that low-code enabled them to launch apps faster than conventional app development, which typically takes six to twelve months.[7]
  • 41% of developers want their companies to use low-code platforms for more than half of the applications they create.[7]
  • Businesses that supported the citizen development movement received a 33% better innovation score.[7]
  • Just 37% of IT executives reported finishing the initiatives that were given to them the year before.[7]
  • By 2024, 75% of organizations will employ at least four low-code platforms to create commercial applications and citizen development projects.[7]
  • Low-code platforms are now seen by 26% of CEOs as the most important automation investment, up from 10% since the pandemic.[7]
  • According to Forrester, by the end of 2021, businesses will create more cloud-based applications by 2023 than they did in the previous 40 years or over 500 million apps.[7]
  • By the end of 2021, according to Forrester, 75% of all corporate software would be created using low-code.[7]
  • In 2020, Gen Z took up 11.6% of the workforce, and that proportion is anticipated to climb sharply.[7]
  • IDC also discovered that low-code accelerated the software development lifecycle by 62% for new applications and 72% for including new features, resulting in an increase in revenue of 19.8 million and productivity gains of 123%.[7]
  • In a 2018 poll, according to a 2019 Appian poll, 79% of IT developers believe low-code may increase work satisfaction by lowering expectations and stress on departments.[7]
  • 40% of users come from a corporate background. In only one month, 70% of developers with no prior expertise in low-code learnt how to create apps.[7]
  • Lack of familiarity with low-code 43% fear being locked onto a platform or vendor 37% do not believe low code satisfies demands.[7]
  • Platforms with little and no code may cut the time required to create bespoke apps by 50% to 90% compared.[7]
  • According to Gartner, by 2024, 80% of enterprises will have policies in place for citizen developers.[7]
  • Legacy system maintenance consumes over 75% of the federal government’s 80 billion IT budget, many of which are over 25 years old.[7]
  • Prudent organizations, as described by Appian, appreciate the low-code’s flexibility (83%), speed (63%), and automation (67%).[7]
  • In a survey by Statista on the utilization of low-code applications globally for 2021, 33% of respondents identified data modeling and visualization as their main purpose.[7]
  • A surge in cloud computing information security and big data for organizations will drive a growth rate of 13%.[7]
  • In the U.S., a software engineer might expect to make an average income of $111,140 in 2022. 88% of IT executives said that the pandemic increased their workload, with 60% reporting an increase of over 50%.[7]
  • Customers that used low-code and intelligent process automation had a 509% ROI after five years.[7]
  • According to SimilarWeb, AIMultiple informs 1m organizations per month, including 55% of the Fortune 500.[8]
  • Within a year, around 79% of organizations create a web application using citizen development.[8]
  • Gartner enterprises with active citizen development programs make up 41% of all businesses, while 20% of businesses without programs either examine or intend to launch programs.[8]
  • By 2025, 70% of newly created apps by businesses will employ low-code or no-code technology, up from less than 25% in the current year.[8]
  • In a worldwide poll conducted by Statista in 2021, 33% of participants said their company used low-code for data modeling and visualization.[8]
  • With the support of a minimal code platform, Ricoh replaced old systems, resulting in a 253% ROI and a payback time of only seven months.[8]
  • Clunky is the low code option that receives the most unfavorable ratings and is employed in 5% of all low code no code development platforms.[8]
  • The technology enabled the business to handle over 700 payments per day while increasing process execution efficiency by 80% without recruiting additional people.[8]
  • According to the U.S. Bureau of Labor Statistics, 83% of companies indicate that using ai is a strategic goal for their companies right now, yet there is a shortage of data science skills.[8]
  • By 2024, low-code no-code platforms are anticipated to handle over 65% of all app development.[9]
  • In the future, 30% of firms will prefer employing unique low-code no-code for complicated business logic.[9]
  • 85% of 500 engineering leaders predict low-code use will increase by 2021.[9]
  • No-code low-code development platforms were cited by 26% of executives as their most important automation investment, up from 10% to 26%.[10]
  • 31% of businesses utilizing low-code haven’t utilized it to create or distribute any of their highest.[10]
  • 20% of firms without active citizen development programs are either examining them or preparing to launch them, according to 41% of enterprises.[10]
  • 64% of businesses use low code to power top apps said they do so because it is the most versatile choice. 0.[10]
  • Company stakeholders need to be more active and engaged in the requirements process, according to 78% of respondents, who believe that the business is often or always out of sync with project needs.[10]
  • 80% agree that little code helps automate routine development chores like programming business rules and forms.[10]
  • 82% of firms struggle to locate and keep software engineers of the right caliber and quantity.[10]
  • According to 31% of application developers polled by Forrester, employing conventional coding techniques such as programming languages frameworks and middleware to create apps results in difficulties delivering business needs on time.[11]
  • By 2024, low-code will be used for more than 65% of all app development tasks, according to Gartner.[11]
  • Forrester predicted that the entire market for low-code development platforms would increase by over 40% annually to reach 212 billion by 2022.[11]
  • 71% of businesses that use citizen development have sped up application development by at least 50%, and 29% of businesses have experienced a delivery time increase of two times or more.[12]
  • 75% of firms would combine low-code, no-code, and traditional innovation.[12]
  • 84% of firms utilize no-code or low-code techniques because they can speed up time to market, free up IT resources, and include the business in the production of digital assets.[12]
  • 96% of those who don’t use no-code or low-code technologies say they’d be willing to switch in the future.[12]
  • 60% of low code development platform initiatives included collaboration amongst IT professionals, according to SAP Insights.[12]
  • Compared to other countries, 77% of U.S. businesses use low code platforms, and 3 out of 5 workers use them to create applications, according to the state of low code report 2021.[13]
  • Up to 61% of stakeholders said in the Mendix digital disconnect research that they implemented just 50% of the suggested IT solutions.[13]
  • According to a Gartner study, 41% of workers who are not it or business engineers design or modify data or technological solutions.[14]
  • Rabobank decreased IT expenditures by 50% while delivering a better consumer-facing digital customer experience using Mendix.[15]
  • By importing and evaluating data from several transportation management systems and sales-force ERP systems, expenditures may be reduced by 50%.[15]
  • 84% of the businesses polled, according to a recent Appian analysis, have used low-code products to relieve the burden on their IT staff.[16]
  • 43% of firms polled said they were more agile, and 43% said they were spending less money.[16]
  • Utilizing citizen integrators has reduced development time by at least 50% for over 70% of enterprises.[16]
  • Large IT projects generate 56% less value than expected and go 45% over budget and 7% beyond schedule, according to a 2012 McKinsey research.[17]
  • The worldwide low-code development market is anticipated to increase by 23% in 2021 and is not expected to slow down in the next few years.[18]

Also Read

How Useful is Low Code Development Platforms

One of the key benefits of low code development platforms is their ability to increase productivity and efficiency within an organization. By providing a visual development environment and pre-built components, users can rapidly design, test, and iterate on their applications without the need for extensive coding expertise. This allows businesses to streamline development processes, decrease time-to-market, and respond more quickly to changing market conditions.

Furthermore, low code development platforms can democratize the app development process by empowering employees with varying levels of technical skills to participate in creating software solutions. Citizen developers, who may not have formal coding backgrounds, can leverage low code platforms to articulate their ideas and contribute to the development process. This not only fosters collaboration and innovation within an organization but also enables businesses to leverage the collective knowledge and skills of their workforce to drive digital transformation.

In addition to increasing productivity and fostering collaboration, low code development platforms also offer scalability and adaptability. These platforms provide users with the flexibility to make iterative improvements to their applications, respond to user feedback, and pivot quickly in response to market demands. Unlike traditional software development approaches, which can be time-consuming and costly to maintain and update, low code platforms enable organizations to react swiftly to changing requirements and ensure their applications remain competitive and relevant.

Moreover, low code development platforms can help organizations overcome common challenges associated with IT backlog, resource constraints, and legacy systems. With the ability to rapidly build and deploy applications, businesses can alleviate the burden on their IT departments, reduce dependencies on external vendors, and modernize their technology stack without the need for significant upfront investments. This can enable organizations to remain agile, competitive, and resilient in the face of digital disruption.

While low code development platforms offer numerous benefits, they are not without their limitations and challenges. For instance, some critics argue that low code platforms can lead to technical debt, as users may inadvertently introduce complexities or inefficiencies into their applications. Additionally, there may be concerns around security, data privacy, and compliance, as low code platforms often require integration with existing systems and databases.

Despite these concerns, the value of low code development platforms in driving digital innovation and transformation cannot be overlooked. By empowering users to build and deploy applications quickly, efficiently, and at scale, these platforms provide organizations with the tools and capabilities they need to remain competitive in today’s fast-paced digital economy. As businesses continue to embrace digital technologies and seek ways to leverage technology for growth and success, low code development platforms will undoubtedly play a crucial role in shaping the future of software development.

Reference

  1. appian – https://appian.com/platform/low-code-development/low-code-application-development.html
  2. microsoft – https://azure.microsoft.com/en-us/solutions/low-code-application-development/
  3. microsoft – https://cloudblogs.microsoft.com/powerplatform/2022/05/24/low-code-trend-report-2022-building-a-learning-culture-on-a-low-code-platform/
  4. wikipedia – https://en.wikipedia.org/wiki/Low-code_development_platform
  5. medium – https://gramener.medium.com/best-low-code-development-platforms-10042f3c4940
  6. microsoft – https://powerapps.microsoft.com/en-us/blog/microsoft-is-a-leader-in-the-forrester-wave-low-code-development-platforms-q2-2021/
  7. quandarycg – https://quandarycg.com/low-code-statistics/
  8. aimultiple – https://research.aimultiple.com/low-code-statistics/
  9. userguiding – https://userguiding.com/blog/no-code-low-code-statistics/
  10. webinarcare – https://webinarcare.com/best-no-code-development-platforms/no-code-development-platforms-statistics/
  11. cio – https://www.cio.com/article/228592/what-is-low-code-development-a-lego-like-approach-to-building-software.html
  12. dronahq – https://www.dronahq.com/low-code-no-code-market-and-statistics/
  13. fortunebusinessinsights – https://www.fortunebusinessinsights.com/low-code-development-platform-market-102972
  14. gartner – https://www.gartner.com/en/newsroom/press-releases/2021-02-15-gartner-forecasts-worldwide-low-code-development-technologies-market-to-grow-23-percent-in-2021
  15. infoworld – https://www.infoworld.com/article/3583576/7-low-code-platforms-developers-should-know.html
  16. integrate – https://www.integrate.io/blog/the-top-benefits-of-low-code-development-platforms/
  17. salesforce – https://www.salesforce.com/resources/guides/what-is-low-code/chapter-2/
  18. statista – https://www.statista.com/topics/8461/low-code-and-no-code-platforms/

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