Overview of The Low Code Market

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Overview of The Low Code Market low code market

The low code market has become mainstream for a while now and the popularity is only going up higher.

The current market is seeing an influx of new software applications due to the higher convenience coming from leveraging low-code development platforms.

While low code reduces overall workload and makes software development accessible to non-technical personnel as well, there are more reasons for low code to become the current craze of the market.

Before beginning our discussion, let’s start with why the low code market is so huge all of a sudden.

Why Is The Low Code Market So Big All of A Sudden?

Convenience will always come as the first and most obvious answer for low code prioritization of many modern companies. However, some reasons require a more in-depth explanation.

IT Democratization

An average of 41% of people in an organization are business technologists. Meaning, that they’re collaborators outside the IT departments, and most of these collaborators don’t have a traditional software development background.

Since they have to create tools for their use and convenience frequently, they always rely on no code and low code.

Enabling non-technical people to create applications that can function properly allows for IT democratization.

Low code development allows doing so with its drag-and-drop interface that turns software development into a visualized process.

Hyperautomation

When multiple processes from a business are completely automated and orchestrated through complex technologies is known as hyperautomation.

While creating a hyper-automation technology is severely complex through the eyes of traditional software development,

Robotic Process Automation (RPA), Artificial Intelligence (AI), and Machine Learning (ML) have made low code a key tech solution for creating hyper-automation initiatives.

Composable Business

A composable business is where the entire business is divided into interchangeable blocks and the blocks are reoriented and rearranged to respond to internal and external factors.

The framework of a composable business includes application creation with component combination, which is mainly done with low-code development platforms.

Low-code platforms promote a component-based architecture and reusability of different services, functionalities, and capabilities.

How Big Is The Market Right Now?

Low-code platforms are nothing new to begin with. They’ve been in the market as early as 2001, back when OutSystems was released. The demand has been increasing during the recent years, and the number of low code resources has increased from around 40 to more than 200 recently.

Though there are a lot of options to choose from, an organization must make the right choice of partners that can act as proper digital transformation partners.

Now, let’s look at how the core categories of the entire low code development are thriving right now.

1. Regular Low Code

Target Audience

The target audience for these platforms is citizen developers or small businesses. The users who don’t have a technical background take the help of these platforms to create these applications.

Included Features and Functions

These platforms include the most basic low-code development capabilities, such as model-driven development, or graphical programming approaches with scripting.

Use Cases

These platforms are designed for department-level needs, instead of enterprise-level capabilities.

2. Enterprise Level Low Code

Target Audience

These platforms target professional developers. These can also be used by smaller businesses to create simple workflow applications and be implemented for departmental use cases.

Included Features and Functions

Compared to regular low-code platforms, enterprise-level low-code has the upper hand of automation on its side. The complex capabilities of the platform allow for the creation of complex applications with multiple features and better workflows.

Use Cases

These platforms serve enterprise-level organizations, helping them to digitize workflows for different cases like business processes and case management.

Any issue that can be addressed with automation and workflows, can be easily addressed with the features of enterprise-level low code.

3. High-Performance Low Code

Target Audience

High-performance low code is a sufficient choice for professional developers. Platforms in this category can also fulfill all the requirements of both regular and enterprise-level low code. These platforms also offer a fusion development approach that allows developers to include nontechnical external stakeholders in the entire development cycle.

Included Features and Functions

A platform in this category can easily be considered the absolute powerhouse for low-code development. The four core characteristics of high-performance low-code set it apart from every other low-code platform.

  • Full Stack Development
  • Hyper Agility
  • High Security
  • Massive Scalability

Use Cases

High-performance low-code platforms are designed to tackle the most complex, strategic, and mission-critical software. Organizations can build anything they want with the help of these platforms without over-complicating anything.

How Mendix Can Deliver High-Performance Low Code

Mendix has become the leader of all low-code platforms, and it’s also the best high-performance low-code platform that you can work with. The solution from Mendix doesn’t just offer an abstraction for visual programming in the development phase, the abstraction is offered to the complete CI/CD pipeline.

With AI integration and Mendix automation, it’s easy for you to accelerate the entire software development life cycle and reduce the final time to market.

Mendix helps reduce additional overhead and offers the best application by ensuring the most productivity by removing waste processes from the entire cycle.

FAQ

How Is the Low Code Market Evolving?

The low code market is rapidly expanding as organizations seek faster development cycles, resulting in more robust, feature-rich, and specialized platforms.

What Drives the Growth of the Low-Code Market?

Increasing demand for quicker software development, digital transformation needs, and the shortage of skilled developers drive the growth of the low code market.

Are Low-Code Platforms Suitable for Complex Application Development?

Yes, modern low-code platforms offer capabilities to support the development of complex applications with features for scalability and integrations.

How Do Low-Code Platforms Cater To Non-technical Users?

Low-code platforms offer user-friendly interfaces, drag-and-drop features, and pre-built components, making it accessible for non-technical users to build applications.

Are There Specific Trends Shaping the Low-Code Market’s Future?

Future trends include AI integration, industry-specific low-code solutions, increased collaboration tools, and heightened security features.

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