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How Fast Is the Low-Code Market Growing?

How Fast Is the Low-Code Market Growing?

The advantages of low-code development platforms and
why you shouldn’t miss out.

Factors that influence the growth of low-code

Low-code has erupted over the past few years and has strongly dominated the software industry. Many organizations have adopted low-code technology to build apps faster, integrate digital systems, and improve their competitive edge. 
Increased need for automating workflows
Increased need for
automating workflows
High demand for digitizing processes
High demand for
digitizing processes
Decreasing dependency on IT
Decreasing dependency
on IT
Eliminating the problem of shadow IT
Eliminating the problem
of shadow IT
Supporting citizen developers
Supporting
citizen developers
Increased need for automating workflows

Increased need for
automating workflows

High demand for digitizing processes

High demand for
digitizing processes

Decreasing dependency on IT

Decreasing dependency
on IT

Eliminating the problem of shadow IT

Eliminating the problem
of shadow IT

Supporting citizen developers

Supporting
citizen developers

Low-code is on the rise

The global COVID-19 pandemic has also compelled businesses to re-evaluate their operations, increasing the need for custom software development to support the growing remote workforce.

29.81%

Between 2022-2027, low-code is said to register a CAGR (Compound Annual Growth Rate) of approximately 29.81%.

75%

Gartner predicts that by 2024, 75% of the software solutions built around the world will be made with low-code tools.

LCNC platforms help bridge the gap between IT and business teams, helping them create apps that solve issues and optimize business operations.

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The latest trends in the global low-code market

Low-code closes the skill gap
Low-code closes the skill gap

The lack of experienced, technical talent widens the gap between demand and supply. Low-code platforms help businesses build apps in-house quickly, directly addressing the shortage of talent.

customer-support-2
The need for client-based apps

IT and telecommunication are expected to dominate the market share over the next five years, thanks to need-based client facing applications that will be built exclusively on low-code platforms.

Ease of application building
Ease of application building

The demand for low-code platforms is growing because of the ability to build and rapid deployment capabilities and additional features like pre-built templates, drag and drop editors, and support.

Real-time access
Real-time access to tools

Cloud-based platforms are expected to grow in popularity as they enable organizations to closely observe actions as they occur. They empower users to monitor performance and take action in real-time.

Benefits of using low-code technology

Agile Deployment
Improved agility

Technological disruption has become the norm, and established companies now face stiff competition from startups that use technology to gain a competitive edge. Low-code tools enable companies to be more agile and quickly respond to changing market conditions.

Integration
Legacy integration

The only way you can continue to rely on legacy IT systems is if they can effectively integrate with newer apps and technologies that your business needs. Low-code can help develop integrations for connecting legacy systems with newer SaaS apps without any disruptions.

customer-support
Better customer experience

Customers play a huge role in the success of a business. In today’s competitive world, it has become vital to quickly adapt to changing customer needs. Low-code development platforms make it easier for companies to quickly develop apps that enhance the customer experience.

Affordable
Decreased costs

When a company builds more apps using fewer resources, it reduces the need for more developers, decreasing hiring and other development costs. It also reduces barriers to entry and deployment time.

Productivity
Higher productivity

With low-code platforms, apps that once took months to build now take hardly a few days. Time is no longer a barrier to innovation. Non-technical employees no longer have to wait for developers to build applications or write code from scratch.

Risk
Effective governance

Government regulations are constantly changing, and organizations must keep up. Low-code technology ensures changes are implemented fast so that your company can meet regulatory requirements and stay ahead of deadlines.

How Kissflow helps your business teams achieve more

Kissflow's low-code solution removes the complexities of the app development life cycle, enabling teams to create apps they need easily without reinventing the wheel.

Collaborate
Foster collaboration

Isolated teams find it more difficult to collaborate effectively and solve business problems. This results in slower rollouts of new solutions and delayed updates to existing apps. When teams use a single platform to collaborate, they can build and launch new software solutions, and address changes along the way. 

Ad Hoc-Dynamic Assignment
Business-IT alignment

The low-code platform by Kissflow bridges the gap between IT and other departments. Citizen developers can build applications with little to no help from IT, decreasing the workload of the IT department. Democratizing app development not only aligns business and IT users but also allows organizations to easily adapt to changing market trends and improve productivity. 

Visual Process Design
Rapid prototyping

Software development can be demanding there’s iterating, prototyping, and feedback implementation. With Kissflow’s low-code capabilities, organizations can leverage rapid application development by testing ideas directly on the platform and building prototypes at a fast pace. The low-code platform enables fast development, easy scaling, and rapid deployment. 

Process Designer
Standardized processes

Kissflow helps build standardized processes by identifying duplicates of an existing process across the organization and developing a single solution that can replace all of them. In the end, you get standardized processes that can be easily copied, just like a pre-built code or widget, and they can then be used in any part of the organization.

Collaborate
Foster collaboration

Isolated teams find it more difficult to collaborate effectively and solve business problems. This results in slower rollouts of new solutions and delayed updates to existing apps. When teams use a single platform to collaborate, they can build and launch new software solutions, and address changes along the way. 

Ad Hoc-Dynamic Assignment
Business-IT alignment

The low-code platform by Kissflow bridges the gap between IT and other departments. Citizen developers can build applications with little to no help from IT, decreasing the workload of the IT department. Democratizing app development not only aligns business and IT users but also allows organizations to easily adapt to changing market trends and improve productivity. 

Visual Process Design
Rapid prototyping

Software development can be demanding there’s iterating, prototyping, and feedback implementation. With Kissflow’s low-code capabilities, organizations can leverage rapid application development by testing ideas directly on the platform and building prototypes at a fast pace. The low-code platform enables fast development, easy scaling, and rapid deployment. 

Process Designer
Standardized processes

Kissflow helps build standardized processes by identifying duplicates of an existing process across the organization and developing a single solution that can replace all of them. In the end, you get standardized processes that can be easily copied, just like a pre-built code or widget, and they can then be used in any part of the organization.

Streamline your business operations with Kissflow Low-Code