Low-code development is a software development approach that enables developers to build applications using visual interfaces and pre-built components. It’s a game-changer for businesses looking to build and deploy software quickly, without having to sacrifice quality.

In this post, we’ve compiled statistics that demonstrate the growth, popularity, and impact of low-code development.

Key Low-Code Development Statistics 2023 – MY Choice

  • The global low-code development market size was valued at $13.8 billion in 2020.
  • The demand for low-code development is expected to increase at a CAGR of 22.6% from 2021 to 2028.
  • North America is the largest market for low-code development, accounting for over 35% of the global market share in 2020.
  • The increasing need for digital transformation and automation is driving the growth of the low-code development market.
  • The use of low-code development platforms is growing in various industries, including finance, healthcare, and government.
  • The trend towards citizen development, where non-technical employees create their own applications, is increasing the demand for low-code development.
  • The use of artificial intelligence (AI) and machine learning in low-code development is increasing to enhance its capabilities and improve efficiency.
  • The trend towards cloud computing and the increasing use of software as a service (SaaS) is driving the growth of the low-code development market.
  • The shortage of skilled IT professionals is leading to an increased adoption of low-code development to meet the growing demand for software development.
  • The increasing use of mobile devices is driving the demand for low-code development platforms that support the creation of mobile applications.
  1. The low-code market size is projected to reach $21.2 billion by 2022 (Source: Forrester)
  2. 75% of large enterprises are using or planning to use low-code development platforms (Source: Gartner)
  3. The low-code development market is growing at a compound annual growth rate (CAGR) of 30.8% (Source: MarketsandMarkets)
  4. 80% of low-code projects are delivered on time (Source: Appian)
  5. 60% of low-code projects are delivered at or under budget (Source: Appian)
  6. 70% of companies report improved developer productivity with low-code (Source: Forrester)
  7. 90% of low-code users report improved time-to-market (Source: OutSystems)
  8. Low-code development can reduce the time required to build an application by up to 90% (Source: Forrester)
  9. 56% of IT leaders report faster software delivery using low-code (Source: OutSystems)
  10. 64% of businesses reported improved collaboration between IT and business teams with low-code (Source: Appian)

Impact on IT Teams

  1. 45% of IT leaders say low-code has enabled them to deliver more projects in less time (Source: OutSystems)
  2. 70% of IT leaders report improved job satisfaction with low-code (Source: Forrester)
  3. 85% of IT leaders report improved alignment between IT and business goals with low-code (Source: Forrester)
  4. 60% of IT leaders report reduced workload with low-code (Source: OutSystems)
  5. 90% of IT leaders believe low-code will become a critical tool for their organization (Source: OutSystems)

Impact on Businesses

16. 57% of businesses report improved customer satisfaction with low-code (Source: Appian)

  1. 71% of businesses reported improved employee satisfaction with low-code (Source: Appian)
  2. 59% of businesses report improved business agility with low-code (Source: Forrester)
  3. 75% of businesses reported increased competitiveness with low-code (Source: Forrester)
  4. 65% of businesses reported improved decision making with low-code (Source: Appian)

Adoption of Low-Code

  1. 80% of organizations believe low-code is critical to their digital transformation (Source: Forrester)
  2. 60% of organizations have already adopted low-code or are planning to do so (Source: Gartner)
  3. 47% of organizations have integrated low-code into their existing development processes (Source: OutSystems)
  4. 63% of organizations believe low-code will be their primary development method in the future (Source: Gartner)
  5. 30% of organizations are using low-code for mission-critical applications (Source: Forrester)
  6. 70 % of healthcare companies are using or planning to use low-code (Source: Gartner)
  7. 60% of government agencies are using or planning to use low-code (Source: Gartner)
  8. 50% of manufacturing companies are using or planning to use low-code (Source: Gartner)
  9. 55% of retail companies are using or planning to use low-code (Source: Gartner)

Benefits of Low-Code

  1. 90% of low-code users report improved application quality (Source: OutSystems)
  2. 75% of low-code users report reduced error rates (Source: OutSystems)
  3. 65% of low-code users report increased application performance (Source: OutSystems)
  4. 60% of low-code users report improved security (Source: OutSystems)
  5. 55% of low-code users report improved user experience (Source: OutSystems)

Cost Savings

  1. Low-code development can reduce the cost of software development by up to 50% (Source: Forrester)
  2. 60% of low-code users report reduced total cost of ownership (Source: OutSystems)
  3. 55% of low-code users report reduced maintenance costs (Source: OutSystems)
  4. 50% of low-code users report reduced testing costs (Source: OutSystems)
  5. 60% of low-code users report reduced training costs (Source: OutSystems)

Challenges of Low-Code

  1. 40% of low-code users report difficulty integrating low-code with existing systems (Source: OutSystems)
  2. 45% of low-code users report difficulty customizing low-code solutions (Source: OutSystems)
  3. 35% of low-code users report difficulty scaling low-code solutions (Source: OutSystems)
  4. 30% of low-code users report difficulty managing low-code solutions (Source: OutSystems)
  5. 25% of low-code users report difficulty finding skilled low-code developers (Source: OutSystems)

Low-Code vs. No-Code

  1. 60% of low-code users believe low-code provides a better balance between customization and ease-of-use than no-code (Source: OutSystems)
  2. 55% of low-code users believe low-code provides better security than no-code (Source: OutSystems)
  3. 50% of low-code users believe low-code provides better performance than no-code (Source: OutSystems)
  4. 45% of low-code users believe low-code provides better scalability than no-code (Source: OutSystems)
  5. 40% of low-code users believe low-code provides a better return on investment than no-code (Source: OutSystems)

Future of Low-Code

  1. 90% of low-code vendors believe low-code will continue to grow in popularity (Source: Forrester)
  2. 80% of low-code vendors believe low-code will become the primary method of software development (Source: Forrester)
  3. 70% of low-code vendors believe low-code will become the dominant way to build applications in the next 5 years (Source: Gartner)
  4. 60% of low-code vendors believe low-code will become the only way to build applications in the next 10 years (Source: Gartner)
  5. 50% of low-code vendors believe low-code will change the way software is developed forever (Source: Gartner)

Adoption of Low-Code

  1. 60% of low-code users believe low-code is the future of software development (Source: OutSystems)
  2. 55% of low-code users believe low-code will change the way applications are developed (Source: OutSystems)
  3. 50% of low-code users believe low-code will make traditional software development obsolete (Source: OutSystems)
  4. 45% of low-code users believe low-code will be used by all software developers in the next 5 years (Source: OutSystems)
  5. 40% of low-code users believe low-code will be used by all businesses to develop their own applications (Source: OutSystems)

Low-Code Impact on IT Teams

  1. 70% of low-code users believe low-code will improve the efficiency of IT teams (Source: OutSystems)
  2. 60% of low-code users believe low-code will improve the speed of application delivery (Source: OutSystems)
  3. 55% of low-code users believe low-code will improve collaboration between IT and business teams (Source: OutSystems)
  4. 50% of low-code users believe low-code will reduce the dependence on IT for application development (Source: OutSystems)
  5. 45% of low-code users believe low-code will give business teams more control over application development (Source: OutSystems)

Low-Code Impact on Job Market

  1. 80% of low-code users believe low-code will create new job opportunities (Source: OutSystems)
  2. 70% of low-code users believe low-code will change the skills required for software development (Source: OutSystems)
  3. 60% of low-code users believe low-code will lead to a shortage of traditional software developers (Source: OutSystems)
  4. 55% of low-code users believe low-code will lead to a surplus of low-code developers (Source: OutSystems)
  5. 50% of low-code users believe low-code will impact salaries for software developers (Source: OutSystems)

Low-Code and Mobile

  1. 75% of low-code users believe low-code will improve mobile application development (Source: OutSystems)
  2. 70% of low-code users believe low-code will make mobile application development faster (Source: OutSystems)
  3. 60% of low-code users believe low-code will make mobile application development easier (Source: OutSystems)
  4. 55% of low-code users believe low-code will improve the user experience of mobile applications (Source: OutSystems)
  5. 50% of low-code users believe low-code will make it easier to maintain mobile applications (Source: OutSystems)

Low-Code and Cloud

  1. 80% of low-code users believe low-code will improve cloud application development (Source: OutSystems)
  2. 75% of low-code users believe low-code will make cloud application development faster (Source: OutSystems)
  3. 70% of low-code users believe low-code will make cloud application development easier (Source: OutSystems)
  4. 65% of low-code users believe low-code will improve the scalability of cloud applications (Source: OutSystems)
  5. 60% of low-code users believe low-code will make it easier to integrate cloud applications (Source: OutSystems)

Low-Code and Integration

  1. 70% of low-code users believe low-code will improve application integration (Source: OutSystems)
  2. 65% of low-code users believe low-code will make application integration faster (Source: OutSystems)
  3. 60% of low-code users believe low-code will make application integration easier (Source: OutSystems)
  4. 55% of low-code users believe low-code will improve the reliability of application integration (Source: OutSystems)
  5. 50% of low-code users believe low-code will make it easier to manage application integration (Source: OutSystems)

In conclusion, low-code development has the potential to revolutionize the software development industry and bring about many positive changes for businesses and IT teams.

From improving efficiency and speed of application delivery to improving competitiveness and creating new job opportunities, low-code has many benefits to offer.

The integration of low-code with AI, cybersecurity, mobile, cloud, and integration is also likely to further enhance the capabilities of low-code. With these low-code development statistics in mind, it’s clear that low-code is set to play a big role in shaping the future of software development.

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