No-code/low-code tools are enabling a huge 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 better scale and reduce their costs, it is no wonder that there is a high demand for no-code/low-code tools.
It is not only the fast-growing businesses that need no-code/low-code tools but also the old ones that are trying to achieve digitalization.
Let us now look at this growing market in-depth!
No-Code/Low-Code Market Statistics
1- By 2030, the global low-code/no-code development platform market is expected to produce $187 billion in revenue. It will account for more than 65% of application development activity by 2024.
2- The mixture of low-code/no-code and conventional innovation is projected to be adopted by 75% of businesses.
3- The global low-code/no-code market is projected to total $13.8 billion in 2021.
4- The global low-code/no-code market size was valued at USD 11.45 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.7% from 2020 to 2027.
Here is the average forecasted growth of the global no-code/low-code market:
Here is the estimated size of the global Low-Code/No-Code market year-by-year:
No-Code/Low-Code Tools Usage Statistics
5- Only 0.5% of the world’s population knows how to code.
6- 85% of people said that no-code tools add value to their lives.
7- 84% of people trust no-code tools.
8- 96% of those who don’t use no-code tools would be willing to use them in the future.
9- “Ease of use” is the most used (20%) positive word people use when describing low code / no-code development platforms based on data collected from customer reviews for all low-code/no-code development platforms companies.
10- 24% of users had no experience at all before using low-code/no-code platforms. 40% of those users have mostly business backgrounds.
11- 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.
12- 31% of enterprises that use low-code/no-code have not used them to build and deliver any of their highest-value applications.
13- 72% of users develop apps with low-code applications in 3 months or less
14- More than 65% of app development in 2024 is expected to be performed by low-code/no-code platforms.
Here are the most beneficial no-code tools:
No-Code/Low-Code Business Statistics
15- 25% of businesses have security concerns when it comes to low-code/no-code apps.
16- 30% of businesses prefer using custom low-code/no-code for complex business logic in the future.
17- The average software developer salary in 2020 was more than $100K a year in the US. Though no-code solutions don’t fully replace a developer functionally, they help developers focus on more difficult projects and they cost significantly less than hiring a new developer.
18- Low code/no-code solutions have the potential to reduce the app development time by 90%.
19- There are more than 500,000 computer science jobs open in the US, and it is projected to grow at a rate of 2x other job fields
20- 85% of 500 engineering leads think that low-code will be more common within their organizations as soon as 2021.