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Low Code Software: Tight Budgets and Application Modernization Plans Drive Adoption
Businesses are turning to low-code development as a way to still move forward with modern technology but with smaller teams of developers and power users. Low code tools are typically UI-based or allow users to easily configure changes to software — compared to standard programming languages, like Java, C++ and even Python which are more complex and require trained developers.
What are the advantages? Paulo Rosado, who is the CEO at OutSystems, said that “with low-code, innovative apps can be delivered 10x faster and organizations can turn on a dime, adapting their systems at the speed of business.”
Ken McElrath, CEO at Skuid, said that “the crisis has put a bright spotlight on weaknesses that companies have let slide for some time. The pressure is on to not only fix what is broken, but to develop entirely new ways of doing business and sold generic drugs online. And we don’t have months or millions of dollars to get it done.”
The types of apps that are best done by low-code programming include:
- Internal business vertical apps. Like HR, sales/marketing and financial reporting.
- Legacy app replacement. The upgrade of old apps to use more modern software technology.
MarketsandMarkets forecast the low-code market to grow from $13.2 billion in 2020 to $45.5 billion by 2025. Forrester similarly forecasts that the low-code market will reach $21.2 billion by 2022.
McElrath said “I compare low-code and no-code to learning to ride a bicycle. Once you realize you can move 10 times faster, go much further with less energy, and honestly, feel that speed and the wind in your hair, why would you ever go back?”
