No code / low code tools are allowing a large number of people to create solutions without any or little technical knowledge. These tools help businesses in many ways such as reducing costs and scaling.
When you consider all the fast growing businesses that want to scale better and reduce their costs, it's no surprise that there is a high demand for no code / low code tools.
It's not just fast growing businesses that need no code / low code tools, but also legacy businesses trying to achieve digitization.
Now let's dig deeper into this growing market.
No code/low code market statistics
By 2030, the global no code/low code development platform market is expected to generate $187 billion in revenue. It will account for more than 65% of app development by 2024.
The combination of no code/low code and conventional innovation is expected to be adopted by 75% of businesses.
The global no code/low code market is expected to total $13.8 billion by 2021.
The global no code/low code market size was valued at $11.45 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.7% from 2020 to 2020. 2027.
Below is the average forecasted growth of the global no code/low code market:
Below is the estimated size of the global no code/low code market by year:
No code/low code tool usage statistics
Only 0.5% of the world's population knows how to code.
85% of people say that no-code tools add value to their lives.
84% of people trust no code tools.
96% of people who don't use no code tools will be ready to use them in the future.
“Easy to use” is the most frequently used positive word (20%) people use when describing a no code/low code development platform based on data collected from customer reviews for all no code/low code development platform company.
24% of users have absolutely no prior experience using no code/low code platforms. 40% of those users mainly have a business background.
84% of businesses have switched to no code/low code because of its ability to reduce strain on IT resources, speed to market, and move businesses into digital asset development.
31% of businesses that used no code/low code didn't use them to build and deliver any of their highest value apps.
72% of users develop apps with low code apps in 3 months or less
More than 65% of application development by 2024 is expected to be done by no code/low code platforms.
Here are the most beneficial no-code tools:
No code and low code business statistics
25% of businesses are concerned about security when it comes to apps with no code and low code.
30% of businesses prefer to use custom no code and low code for future complex business logic.
The average software developer salary in 2020 is more than $100k a year in the US. While no-code solutions don't completely replace a developer in terms of functionality, they help developers focus on projects that are harder and significantly less expensive than hiring a single developer. new development.
No code and low code solutions have the potential to reduce application development time by 90%.
There are more than 500,000 open computer science jobs in the US and are expected to grow at 2x the rate of other job fields.
85% of 500 technical clues think no code will be more common in their organizations by 2021 at the earliest.
Comments