Just How Big is the Low-Code Market? [Infographic]
In the constantly changing business landscape, organizations need to be agile to meet consumer and employee needs. They need to develop solutions such as CRM tools, online community spaces, apps for customers, etc.
But overworked IT departments coupled with a shortage of skilled software developers is creating challenges for organizations and decision makers. Forrester estimates that by 2024, the U.S. will have a deficit of 500,000 software developers.
Here are some startling low-code stats:
- $21B - The dollar amount companies will spend on low-code development platforms by 2022. Source: Forrester
- 450M - The number of apps to be built in the next five years using a low-code tool. Source: Microsoft
- 50% - The percentage of enterprises that will be using low-code app development platforms by 2023. Source: Gartner
As Upendra Dharmadhikary, VP and Business Head Consulting of Tech Mahindra, notes: "Citizen developers can bring a change and transform [any] company by using citizen development platforms to create applications at speed and digitize the company.”
With the right tools, training and partner support, leaders from all industries and sectors can leverage citizen development to drive the next wave of business transformation while building on today’s digital and data revolution.
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