32 Low Code/ No Code Statistics from Reputable Sources [2023]

ByPaul Christiano Last Update on

Hi there,

In this post we will be exploring "32 Low Code/No Code Statistics from Reputable Sources [2023]". As an expert in data analytics and AI, I‘ve done extensive research on the low code/no code landscape and want to provide you with the most current, insightful statistics from credible sources.

Low code and no code platforms are transforming software development, allowing "citizen developers" – business users with minimal technical skills – to build custom applications efficiently. Given the global shortage of professional developers and rising demand for new digital solutions, these technologies are exploding in popularity.

Let‘s dive into the noteworthy statistics highlighting the growth, adoption, business benefits, use cases, and more regarding low code/no code platforms:

Low Code/No Code Market Growth Outlook

The low code/no code market is experiencing massive growth, disrupting the traditional software development industry. Here are some insightful statistics:

  • According to research by GlobeNewswire, the global low-code development platform market is predicted to generate $187 billion in revenue by 2030, rising from $10 billion in 2019. This represents an impressive 31% compound annual growth rate during the forecast period.
  • Gartner predicts that by 2024, low-code application development will be responsible for over 65% of all application development activity worldwide. This highlights the technology‘s rapidly increasing mainstream adoption.
  • For the period 2019-2022, Forrester forecasts the low-code development platform market will grow at a 28% CAGR from $13.2 billion to $44.5 billion in revenue.
  • By 2025, IDC predicts over 500 million digital apps and services will be developed using low-code tools. To put this in perspective, this is the same number of apps developed over the last 40 years using traditional coding!
  • Showing the expansion of low-code within large companies, Gartner says 75% of large enterprises will use at least four low-code development tools by 2024, for both IT app dev and business-led initiatives.
  • MarketsandMarkets found the Asia-Pacific region will have the highest growth in the low-code development platform market thanks to rapid digitalization and supportive regulations.

Low Code/No Code Adoption Rates

In addition to the market growth, statistics also show accelerating adoption of low-code/no-code platforms:

  • According to Gartner‘s 2021 Magic Quadrant for Enterprise Low-Code Application Platforms, 70% of new applications developed by organizations will use low-code or no-code technologies by 2025. This is a huge jump from less than 25% of apps in 2020.
  • Regarding "citizen development" initiatives enabling business users to build apps, Gartner found 41% of businesses already have active programs in place while another 20% are evaluating or planning to start them.
  • Gartner says approximately 79% of businesses can successfully build a web application through citizen development within one year of initiating strategies.
  • A 451 Research survey revealed nearly 60% of all custom apps are now developed outside the IT department. Notably, 30% are built by employees with limited to no technical skills.
  • By 2025, Gartner predicts over half of all new low-code customers will come from business units outside IT. This validates the technology‘s empowerment of citizen developers.
  • Expanding on this trend, Gartner forecasts that by 2023, the number of active citizen developers in large enterprises will be at least 4 times the number of professional developers.

The Business Impact of Low Code/No Code Platforms

Beyond market growth statistics, data shows low-code/no-code solutions provide immense business value in terms of productivity, costs, speed, and more:

  • According to Forrester, companies using low-code platforms avoided hiring an average of two IT developers. This yielded approximately $4.4 million in increased business value over 3 years from low-code applications.
  • Red Hat found low-code solutions can reduce application development time by up to 90% compared to traditional hand-coding methods. This demonstrates the massive productivity gains.
  • In a survey by Deloitte, 44% of IT leaders said low-code platforms give their organization a competitive advantage. Faster delivery, better developer resource allocation, and easy scalability were cited as the top benefits.
  • Additionally, Deloitte found 78% of IT leaders surveyed believe low-code improved their work/life balance. 57% say it has increased job satisfaction and work engagement, thanks to higher productivity and less burnout.
  • According to Forrester, companies that adopt low-code practices experience 37% faster completion times for digital transformation initiatives. They also enjoy 36% higher revenue growth compared to non-adopters.

Top Use Cases for Low Code/No Code Platforms

Now that we‘ve explored the market outlook and business impact, let‘s examine the most common use cases:

  • Gartner found the top uses of low-code platforms are building forms/data collection apps (58% of respondents), automating workflows (49%), replacing paper/spreadsheets (42%), and customizing legacy UIs (22%).
  • Gartner also states the average number of apps built by citizen developers is 13. The research shows web and mobile apps are the most popular projects.
  • A survey by OutSystems revealed the leading uses of low-code tools are developing customer portals (47% of respondents), automating workflows (45%), IoT app development (32%), and data integration (31%).
  • According to 2021 Statista data, 33% of respondents said their organizations use low-code platforms for data modeling and visualization.
  • Statista also found 28% use low-code tools for modernizing legacy apps and integrating older systems.

Key Facts About the Low Code/No Code Platform Market

Let‘s explore some fascinating facts about the overall low-code/no-code platform market:

  • There are over 500 companies offering low-code development platforms and tools. The top vendors by market share are Microsoft, Salesforce, Oracle, Pega, Appian, and Mendix, according to Gartner.
  • Analyzing product listings, Capterra found low-code platform pricing ranges from free tools for individual developers to over $200 per user monthly for enterprise-grade solutions.
  • Data aggregated by AIMultiple shows the most valued capabilities in low-code platforms are ease of use (20% of reviewers), cloud deployment (17%), drag-and-drop interfaces (15%), community support, and engaged user communities.
  • According to AIMultiple‘s analysis, "ease of use" is mentioned in 20% of positive customer reviews for low-code platforms. This demonstrates it is the most frequently cited benefit.
  • On the other hand, AIMultiple found "clunky" is the most common negative descriptor, used in 5% of critical low-code platform reviews.
  • Reviewing vendor offerings, leading low-code providers like OutSystems and Mendix have robust component marketplaces where developers share/sell plugins, UI libraries, themes, and custom apps. This fuels innovation.

Low Code/No Code Case Studies

These examples showcase the real-world success companies are having with low-code platforms:

  • Using low-code tools, Schneider Electric impressively launched 60 applications in just 20 months. Most of the apps were delivered in 10 weeks or less, showing incredible speed.
  • The UK fintech company thinkmoney delivered an entirely new mobile banking experience in only 14 weeks with low-code, a fraction of typical development timelines.
  • Multinational tech company Ricoh replacedlegacy systems with a low-code platform. This allowed them to achieve an exceptional 253% ROI with payback in just 7 months.
  • SpareBank 1, a Norwegian bank, built a customer-facing personal finance app in only 3 months with low-code. They estimated this project would take over 12 months using conventional coding.
  • The city of Surrey in Canada constructed a citizen services portal 10x faster than possible previously by adopting low-code tools. The portal provides 200 digital services to improve citizen access.

In summary, these diverse examples highlight the game-changing ROI, speed, productivity and innovation enabled by low-code platforms across industries.

I hope examining these 32 insightful low code/no code statistics from reputable sources gives you a data-driven picture of this transformative technology trend. Let me know if you need any clarification or have additional questions! I‘m always happy to discuss this emerging development paradigm that empowers businesses to solve problems faster.

I am Paul Christiano, a fervent explorer at the intersection of artificial intelligence, machine learning, and their broader implications for society. Renowned as a leading figure in AI safety research, my passion lies in ensuring that the exponential powers of AI are harnessed for the greater good. Throughout my career, I've grappled with the challenges of aligning machine learning systems with human ethics and values. My work is driven by a belief that as AI becomes an even more integral part of our world, it's imperative to build systems that are transparent, trustworthy, and beneficial. I'm honored to be a part of the global effort to guide AI towards a future that prioritizes safety and the betterment of humanity.

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