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.
The no-code/low-code statistics we have gathered will help you have a deeper understanding of the trends and adoption of the no-code/low-code market.
Let’s now look at this growing market in-depth!
The Hot Trend in No-Code – AI (Artificial Intelligence)
AI tools are taking over many industries and the no-code industry is no exception.
3- ChatGPT reached 1 million users within only the first five days.
4- It is estimated that the global AI market will reach $1.8 trillion by 2030.
5- AI market is estimated to reach $1.81 trillion by 2030
No-Code/Low-Code Market Statistics
The No-Code / Low-Code market is growing year by year, and the projections only suggest further and faster growth.
Here are some statistics about the no-code/low-code market:
6- 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.
7- The mixture of low-code/no-code and conventional innovation is projected to be adopted by 75% of businesses.
8- The global low-code/no-code market is projected to total $13.8 billion in 2021.
9- 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
Here are some statistics about the usage of no-code/low-code tools:
10- Only 0.5% of the world’s population knows how to code.
13- 96% of those who don’t use no-code tools would be willing to use them in the future.
14- “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.
15- 24% of users had no experience at all before using low-code/no-code platforms. 40% of those users have mostly business backgrounds.
16- 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.
17- 31% of enterprises that use low-code/no-code have not used them to build and deliver any of their highest-value applications.
18- 72% of users develop apps with low-code applications in 3 months or less
19- More than 65% of app development in 2024 is expected to be performed by low-code/no-code platforms.
20- 4 out of 5 businesses in the USA use low-code solutions.
Here are the most beneficial no-code tools:
No-Code/Low-Code Business Statistics
21- 25% of businesses have security concerns when it comes to low-code/no-code apps.
22- 30% of businesses prefer using custom low-code/no-code for complex business logic in the future.
23- 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.
24- Low code/no-code solutions have the potential to reduce the app development time by 90%. (They can also help your app after the development. For example, a no-code product tour software can help you increase your product adoption drastically.)
25- 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
26- 85% of 500 engineering leads think that low-code will be more common within their organizations as soon as 2021.