No-Code Development Platforms Statistics


Steve Bennett
Steve Bennett
Business Formation Expert
Steve runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

No-Code Development Platforms Statistics 2023: Facts about No-Code Development Platforms outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on No-Code Development Platforms, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will No-Code Development Platforms Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top No-Code Development Platforms Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 60 No-Code Development Platforms Statistics on this page 🙂

No-Code Development Platforms “Latest” Statistics

  • According to Quandary, 47% of developers said they lacked access to the tools necessary to produce apps quickly enough to fulfill deadlines.[1]
  • 31% of businesses employing low-code at the moment, according to Appian, haven’t created or released any of their most valuable apps.[1]
  • Organizations with the greatest tools, according to Mckinsey, generate developer velocity and are 65% more inventive than bottom.[1]
  • 41% of respondents to a Gartner poll on citizen development reported having initiatives in place at the moment.[1]
  • Firms who can provide access to these technologies throughout development saw a 47% increase in retention rates.[1]
  • 41% of developers want their companies to use low-code platforms for more than half of the applications they create.[1]
  • Businesses that supported the citizen development movement received a 33% better innovation score.[1]
  • Just 37% of IT executives reported finishing the initiatives that were given to them the year before.[1]
  • By 2024, 75% of enterprises will use at least four low-code platforms for citizen development initiatives and business application development.[1]
  • Low-code platforms are now seen by 26% of CEOs as the most important automation investment, up from 10% since the pandemic.[1]
  • According to Forrester, by the end of 2021 businesses will create more cloud based applications by 2023 than they did in the previous 40 years, or more than 500 million apps.[1]
  • Forrester estimated that by the end of 2021, 75% of all enterprise software would be made with low-code.[1]
  • In 2020, Gen Z took up 11.6% of the workforce, and that proportion is anticipated to climb sharply.[1]
  • In a 2018 poll according to a 2019 Appian poll, 79% of IT developers believe low-code may increase work satisfaction by lowering expectations and stress on departments.[1]
  • 70% of the developers without any past expertise in low-code learnt how to construct apps in one month.[1]
  • Lack of familiarity with low-code 43% fear of being locked onto a platform or vendor 37% do not believe that low-code satisfies demands.[1]
  • According to Gartner, by 2024, 80% of enterprises will have policies in place for citizen developers.[1]
  • Legacy system maintenance consumes more than 75% of the federal government’s 80 billion IT budget, many of which are more than 25 years old.[1]
  • According to some estimations, basic salary is approximately $77,236 and incentives are around $26,890.[1]
  • In a survey by Statista on the utilization of low code applications globally for 2021, 33% of respondents identified data modeling and visualization as their main purpose.[1]
  • In the US, a software engineer might expect to make an average income of $110,140 in 2022.[1]
  • AIMultiple informs hundreds of thousands of businesses (as per similarWeb) including 55% of Fortune 500 every month.[2]
  • According to Gartner, within a year, around 79% of organizations create a web application using citizen development.[2]
  • Gartner enterprises with active citizen development programs make up 41% of all businesses, while 20% of businesses without programs are either examining or intending to launch programs.[2]
  • Gartner by 2025, 70% of newly created apps by businesses will employ low-code or no code technology, up from less than 25% in the current year.[2]
  • In a worldwide poll conducted by Statista in 2021, 33% of participants said their company used low-code for data modeling and visualization.[2]
  • The market for low-code development platforms is anticipated to reach $187 billion in revenue by 2030, up from $10 billion in 2019, and is anticipated to grow quickly (31% CAGR).[2]
  • Clunky is the low-code option that receives the most unfavorable ratings and is employed in 5% of all low code no code development platforms.[2]
  • According to Forbes, 83% of businesses say AI is a strategic priority for their businesses today yet, there is not enough data science talent.[2]
  • According to User Guiding, more than 65% of app development in 2024 is expected to be performed by low-code/no-code platforms.[3]
  • 30% of businesses prefer using custom low-code/no-code for complex business logic in the future.[3]
  • 96% of people who don’t now utilize no-code technologies say they would be open to doing so in the future.[3]
  • 84% of enterprises have turned toward low-code/no-code for their ability to reduce strain on IT resources, increase speed-to-market, and involve the business in digital asset development.[3]
  • The use of no-code platforms is anticipated to increase in the next years due to the rising skill scarcity in data science, with Gartner projecting that by 2024, 65% of app development will be low-code/no-code.[4]
  • According to Gartner, by 2023, more than 50% of medium-sized and big businesses would use low-code or no code platforms as one of their key application platforms.[5]
  • With a CAGR of 26.1% during the forecast period, the Global Low Code Development Platform Market, which was valued at $12.85 billion in 2020, is anticipated to grow to $65.15 billion by 2027.[5]
  • In a Mendix survey, 24% of customers had absolutely no experience prior to adopting low code platforms.[5]
  • 75% of development businesses will switch to the no-code minimal code platform in 2021, ushering in its general adoption.[5]
  • In 2022, a 40% year-over-year market growth rate for no-code/low-code development is anticipated.[5]
  • 20% of respondents see simplicity of use as one of the benefits of utilizing low-code and no-code platforms.[6]
  • By 2027, Statista projects that the worldwide market for low code platforms would reach around $65 billion.[6]
  • By 2024, 65% of all application development will be done on low code platforms, predicts the company.[6]
  • According to a survey, 24% of study participants had no previous expertise with coding at all, and around 40% of them had professional backgrounds in business.[6]
  • More than 50% of the top executives in the area feel optimistic in implementing such technologies throughout their firms, according to the 2020 software survey of Asia-Pacific.[6]
  • With LCNC Solutions, businesses have seen development times cut by up to 75% and expenses drop by 65%.[6]
  • According to a November report from Research And Markets, the global low-code development platform market is predicted to generate $187.0 billion by 2030, rising from $10.3 billion in 2019.[7]
  • 71% of businesses that use citizen development have sped up application development by at least 50%, and 29% of businesses have experienced a delivery time increase of two times or more.[8]
  • It is anticipated that 75% of firms would combine low-code, no-code, and traditional innovation.[8]
  • 84% of firms utilize no-code or low code techniques because they can speed up time to market, free up it resources, and include the business in the production of digital assets.[8]
  • 96% of those who don’t use no-code or low code technologies say they’d be willing to switch in the future.[8]
  • 60% of low code development platform initiatives included collaboration amongst it professionals, according to SAP Insights.[8]
  • In the future, 30% of businesses prefer using bespoke low code/no code solutions for difficult business logic.[8]
  • Microsoft Power Platform has an annual revenue of $2 billion, more than 7 million active users per month, and a growth rate of more than 70%.[8]
  • The market for low code/no code was valued at $11.45 billion in 2019; from 2020 to 2027, it is projected to grow at a CAGR of 22.7%.[8]
  • More than 72% of users were able to utilize the platform’s capabilities to construct applications within the first three months of its release.[8]
  • According to Gartner study, 41% of workers who are not IT or business engineers design or modify data or technological solutions.[9]
  • The fact that the worldwide low-code development market is anticipated to increase by 23% in 2021 and is not anticipated to slow down in the next years.[10]
  • The low-code market, according to Gartner analysts, increased by 23% in 2020 to reach $11.3 billion, and it is expected to reach $13.8 billion in 2021 and almost $30 billion by 2025.[11]
  • According to Gartner, the majority of small and medium sized projects will use low-code application development, which will make up 65% of all application development activity by 2024.[11]
  • By the end of 2021, Forrester predicts that 75% of businesses will be using low-code platforms, up from the current 50%.[11]

Also Read

How Useful is No Code Development Platforms

The primary draw of no code development platforms is their ability to reduce reliance on traditional software development teams, making it faster and easier for businesses to bring ideas to life. This can be especially beneficial in industries where the pace of innovation is rapid, and businesses need to quickly adapt to changing market conditions. With no code platforms, even those without a technical background can create and deploy applications, eliminating the bottleneck that traditional coding can introduce.

Moreover, no code platforms are often marketed as democratizing technology, giving more people the power to create the solutions they need without being restricted by technical limitations. This can foster a culture of innovation within organizations, where employees are encouraged to think creatively and take ownership of their projects. By eliminating the need for highly specialized technical skills, these platforms can democratize access to technology and empower individuals to become more self-sufficient in solving their own problems.

Additionally, no code platforms can also help businesses save time and resources by allowing them to iterate and experiment with ideas quickly, without having to wait for a development team to implement changes. This can result in faster turnaround times for projects and ultimately lead to cost savings for the organization. By streamlining the development process and reducing the need for extensive coding expertise, businesses can become more agile and responsive to market demands.

However, it’s essential to recognize that no code development platforms are not without their limitations. While they offer a simple and intuitive way to create applications, they may not be suitable for complex or highly customized projects that require sophisticated technical functionalities. Users may find themselves limited by the capabilities of the platform, leading to frustrations and compromises in the final product.

Moreover, the ease of use of no code platforms may also lead to a proliferation of low-quality applications that lack scalability, security, and robustness. Without a solid understanding of software development principles, users may inadvertently introduce errors or vulnerabilities into their applications, leading to potential security risks down the line.

In conclusion, no code development platforms can be a valuable tool for organizations looking to innovate quickly and empower employees to create custom solutions. While they offer significant benefits in terms of speed, cost savings, and democratization of technology, they are not a one-size-fits-all solution and may not be suitable for all use cases. Businesses should carefully evaluate their needs and consider the limitations of these platforms before committing to them as part of their software development strategy.

Reference

  1. quandarycg – https://quandarycg.com/low-code-statistics/
  2. aimultiple – https://research.aimultiple.com/low-code-statistics/
  3. userguiding – https://userguiding.com/blog/no-code-low-code-statistics/
  4. venturebeat – https://venturebeat.com/uncategorized/how-no-code-ai-development-platforms-could-introduce-model-bias/
  5. webinarcare – https://webinarcare.com/best-no-code-development-platforms/no-code-development-platforms-statistics/
  6. appmysite – https://www.appmysite.com/blog/low-code-no-code-development-platforms-market-share-size/
  7. cmswire – https://www.cmswire.com/digital-marketing/can-low-and-no-code-platforms-turn-marketers-into-data-scientists/
  8. dronahq – https://www.dronahq.com/low-code-no-code-market-and-statistics/
  9. gartner – https://www.gartner.com/en/newsroom/press-releases/2021-02-15-gartner-forecasts-worldwide-low-code-development-technologies-market-to-grow-23-percent-in-2021
  10. statista – https://www.statista.com/topics/8461/low-code-and-no-code-platforms/
  11. techtarget – https://www.techtarget.com/searchsoftwarequality/definition/low-code-no-code-development-platform

Leave a Comment