Since the term was first coined by Forrester back in 2014, low-code software has really picked up steam. The pandemic (and the subsequent move to remote work) only furthered its adoption.
The recent spike in low-code usage got me thinking: What does the low-code market look like now? Where will it be in a few years? How are modern businesses using low-code?
To answer those questions, I did some research. I’ve found many different low-code reports, studies, and surveys and compiled those statistics into this article. One thing to keep in mind while you’re reading: Some of these surveys and statistics say similar things, especially when it comes to predictions. I included them because they help paint a complete picture. Low-code is growing and will continue to grow in the coming years. How much will it grow? That’s hard to say. But multiple studies and research firms agree on one thing: The low-code market isn’t slowing down anytime soon.
Low-Code Predictions
- 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. It’s expected to advance at a fast pace, 31.1% CAGR, during the forecast period (2020-2030). — (Source)
- By 2025, 70% of new applications developed by organizations will use low-code or no-code technologies, up from less than 25% in 2020. — (Source)
- By 2024, 80% of technology products and services will be built by those who are not technology professionals, according to Gartner, Inc. — (Source)
- 65%+ of application development activity will be a result of low-code application development, by 2024. — (Source)
- In this report, 82% of businesses reported that citizen developers will become more important over the next two years. — (Source)
- Statista forecasts the global low-code platform market to amount to approximately 65 billion U.S. dollars by 2027. — (Source)
- This research firm forecasts the low-code market revenue in 2027 to be 86.92 billion. — (Source)
- The low-code market is expected to grow at a compound annual growth rate of 22.7% from now until 2027. — (Source)
- By 2024, 75% of large enterprises will be using at least four low-code development tools for both IT application development and citizen development initiatives. — (Source)
Low-Code Usage Stats
- 10. 41% of respondents in one Gartner survey claimed to already have active citizen development initiatives. — (Source)
- According to one report, nearly 60% of all custom apps are now built outside the IT department. Of those, 30% are built by employees with either limited or no technical development skills. — (Source)
- 90% of no-code users think their company has been able to grow faster due to its no-code usage. — (Source)
- 85% of no-code users plan to use no-code tools more in the next year. — (Source)
- Low code/no-code solutions have the potential to reduce app development time by 50-90%. — (Source)
- According to one survey, 58% of respondents say that their legacy systems have been transformed or replaced by low-code applications. — (Source)
- Those who use low-code are developing applications 56% faster. — (Source)
- 56% of solutions built with low-code would not have been delivered in an acceptable timeframe without it. — (Source)
- On average, low-code leads to a 53% savings in software development costs. — (Source)
- Low-code has a 83 percent positive impact on work satisfaction and workload by users, and an 80 percent positive impact on morale by users. — (Source)
- 84% of enterprises have turned toward low-code/no-code for their ability to reduce strain on IT resources, increase speed-to-market, and involve the business in digital asset development. — (Source)
- Low-code solutions are becoming central to business operations. Among those using low code, 33% have used it to build mission-critical apps. — (Source)
- In organizations that use low code, more than half (56%) of employees are now using apps built on low-code platforms. — (Source)
- A survey by IDC found that 48.6% of respondents purchasing low-code or no-code platforms are doing so to move innovation in-house. — (Source)
- 85% of no-code users plan to use no-code tools more in the next year. — (Source)
- 72% of users develop apps with low-code applications in 3 months or less. — (Source)
- 36% of respondents in this survey said no-code was more than 6x faster vs. traditional programming. — (Source)
- 47% of respondents in this survey said no-code was more than 6x easier vs. traditional programming. — (Source)
- 82% of no-code users started using no-code tools during the pandemic. — (Source)
General Statistics
- There are more than 690,000 computer science jobs open (unfilled) in the US, and it is projected to grow at a rate of 2x other job fields, driving the push towards low-code. — (Source)
- 93% of CIOs say the Great Resignation has made it harder to hire skilled developers. — (Source)
- 82 percent of low- or no-code users agree that the technology helps provide an opportunity for software users to improve their development knowledge and technical skills. — (Source)
- 24% of users had no experience at all before using low-code/no-code platforms. 40% of those users have mostly business backgrounds. — (Source)
- 41% said no-code was more than 6x more affordable vs. traditional programming. — (Source)
- 90% of no-code users think their company has been able to grow faster due to its no-code usage. — (Source)
- An IDC survey found that 39.3% of enterprises who are adopting low-code tools are doing so for ‘pandemic-related’ reasons. — (Source)
- 91% of organizations say they need solutions that automate key processes for developers so they can do more with less. — (Source)
- 75% of IT leads say that low-code is a trend they can’t afford to miss. — (Source)
- Software developers acknowledge and welcome its flexibility, saying that half of their everyday development work (51%) could be done on a low-code platform. — (Source)