Currently the top areas for low-code use are business process or workflow applications, web and mobile front ends, and customer-facing applications. Low-code tools are meant for business enablement and not a replacement and Machine learning and artificial intelligence are examples of how low-code can enable development teams.
However, The most common problem with no or low code platforms is that, for more complex use cases, they are too rigid to produce the results.
Some of the benefits of low code and no code platforms are:
- Enhanced Productivity: low-code and no-code platforms speed the development and delivery of applications
- Risk Management: With low-code, security processes, data integration, and cross-platform support are already built in and can be easily customized which means less risk of doing it again and more time to focus on your business.
- Development Teams: You don’t need expensive AI/ML resources to perform the work. These platforms also free developers from mundane programming activities and development teams can use these platforms to quickly create apps for common functions and then tweak them to deliver even more value, or spend more time addressing other initiatives that provide enhanced value to their organizations.
- Faster deployment: With low-code, a single click is all it takes to send your application to production.
Industry experts predict the future of low-code will see continued enterprise adoption, especially for fast development and specific business needs, although low-code won't entirely replace traditional application development.
Industry analysts estimate the low-code market grew 23% in 2020 to reach $11B, and will grow to around $14B in 2021 and almost $30B by 2025. They predict that by 2023, more than 50% of medium to large enterprises will have adopted low-code or no-code as one of their strategic application platforms and that low-code will be responsible for greater than 65% of application development activity by 2024.
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