A quick overview of the benefits of low-code and the resulting current status and expected growth of the market.
Building apps has been widely accessible for both enterprises and non-programmers without putting high engineering efforts, mostly called low-code development, in recent years. In that regard, Gartner predicts that low code application building would gather more than 65% of all app development functions by the year 2024 and with about 66% of big companies using a minimum of four low code platforms.
Low-code app development platforms have various methods that help companies or non-programmers to build custom applications in the cloud. Visual development environment which is provided by platforms allows many different methods such as drag-and-drop some components to build the app in a smooth way.
Benefits of low-code
Agility might be the first pillar of low-code development. It’s faster to build apps with low-code using pre-built modules in the visual environment. This allows more agility with cutting down the time spent on app development. Most of the low-code platforms run in the cloud, this also automates most of the processes while iterating the application.
Another aspect is the cost structure. Acquiring talented developers is always a challenge on the cost side. Low-code solutions require less engineering efforts so this automatically lowers down the cost in the long run.
On the compatibility side, low-code development platforms provide cross-platform mobility. With much less effort, platforms enable companies and non-programmers to develop robust applications with giving access to third-party APIs and modules for different platforms.
News in the space
A market study by Forrester expects the market for low-code development platforms to increase to $21.2 billion by 2022, up from $3.8 billion in 2017. This growth also leads to M&A activities in the market as well.
Beginning of the year, Google announced to acquire AppSheet, an eight-year-old no-code mobile application building platform. With this acquisition, Google aims to provide companies to build mobile apps without having to write a line of code. “This acquisition helps enterprises empower millions of citizen developers to more easily create and extend applications without the need for professional coding skills,” says Amit Zavery, VP Business Application Platform at Google.
Another acquisition is from Appy Pie, which is one of the largest no-code mobile application building platforms, acquired AppMakr, and Infinite Monkeys at the beginning of April. Appy Pie and AppMakr have been competing for the top spot for several years and after joining their forces Appy Pie has a reach of over 10 million end-users.
In the era of rapid change and compatibility, it seems low-code application development platforms will continue to rise with providing fast, creative, and efficient visual environments in the cloud for companies and non-programmers.