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Five Reasons Why ISVs Should Adopt Low-Code

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Low-code is a visual application development approach that can significantly speed up the entire development process. Low-code allows users to integrate every step of the application development cycle to speed up the deployment of a wide range of solutions. Furthermore, low-code can empower your organization to develop digital systems that fit the needs of your business by breaking down traditional business and IT barriers.

An ISV (Independent Software Vendor) develops and sells software for one or more operating systems. ISVs typically work with hardware, software, or cloud hosting providers to create and deploy solutions.

Today, low-code is more than just a tool that aids development; it is a key strategy that principally shapes the way that enterprise applications are delivered. A recent study conducted by Gartner reveals that 75% of large enterprises will be using at least 4 low-code tools for IT and citizen development initiatives by the year 2024.  Low-code software platforms can enable ISVs to accelerate their digital transformation strategy at unprecedented speeds.

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Which Types Of ISVs Are Benefiting From Modern App Development Approaches?

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With the evolution of digital technology and digital software, innovative solutions are continuously being integrated into a wide variety of modern day-to-day business functions. Which company does not desire an application that is tailor-made to suit their needs?

Consequently, ISV companies have been faced with an unprecedented demand for custom-built software. Therefore, it is crucial for ISVs to consistently adapt to growing demands for custom-built software.

However, it can be extremely difficult for ISV companies to adapt to changing consumer expectations and market trends using traditional application development approaches. Development, testing, and maintenance of custom-built applications is not only time-consuming, but a process that requires ample manpower, infrastructure, and strategic planning.

Even if developers do everything right, unprecedented needs for modification can always arise in software owing to erratic market trends and evolving infrastructure in various industries. Therefore, ISV companies must ensure that they are consistently evolving their application development strategies to facilitate digital transformation and product development.

To tackle the high-demand and unpredictable needs of the customers, ISVs should develop a proactive approach toward software development. With the adoption of agile development methods and modern app development practices, ISVs can easily increase their output efficiency and significantly decrease their technical debt.

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Why Is Open-Source The Right Choice For Software Vendors?

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Open-source software is defined as any computer software that enables individual end-users to freely utilize, modify and redistribute its source code. As open-source technology continues to evolve rapidly, many businesses are beginning to adopt the use of open-source platforms in day-to-day business functions. According to Red Hat, 75% of IT leaders stated that open-source software is extremely important.

Open-source software can help software vendors create high-quality, secure software by providing them with a secure and tested code base. Many people collaborate on open-source projects, and that makes the discovery of bugs and errors more efficient. Hence, in most cases, open-source is more secure and reliable than closed-source code.

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Why Support Is Essential For ISVs

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An Independent Software Vendor or ISV is any organization or software publisher that creates, develops, and distributes enterprise software to businesses or individual end-users through licensing agreements. An ISV company retains all intellectual property rights and ownership over its software.

Cloud-based management software is more in demand than ever before. Recent studies have shown that 50% of enterprises spend more than $1.2 million on cloud-based services annually. Specialized accounting and data migration niche software is also a major market need that ISVs continually address.

Constantly meeting these needs of the market and its trends requires full support. ISVs are expected to readily develop and distribute relevant software, and many ISV companies may not be able to churn out new products so swiftly without support from their app-building platform.

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Are Independent Software Vendors Using Cloud Services?

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An Independent Software Vendor is defined as any enterprise or software publisher that focuses on creating, developing, and distributing software through commercial licensing agreements with individual end-users or organizations. Recent studies indicate that the ISV industry is expected to reach a market value of $408.15 million by 2026, with a CAGR of 10.5%.

Many ISV companies leverage the power of cloud services for various reasons. As digital systems and cloud technology continue to evolve, the majority of ISV companies are currently shifting towards cloud-based solutions to foster and facilitate digital transformation.

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What Challenges Do Independent Software Vendors Face?

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An Independent Software Vendor (ISV) is defined as any software publisher or organization specializing in the generation, development, and distribution of enterprise software by licensing agreements with individual end-users and businesses. However, the ISV company retains all ownership and intellectual property rights over its software. The ISV industry is expected to reach a market valuation of $408.15 million by 2026.

However, although the software and ISV industry are currently extremely lucrative, as digital technology develops exponentially and market trends evolve, many ISVs may face challenges such as issues with cloud migration, testing processes during the application development cycle, mobile optimization, and third-party feature integration.

Meeting the demand for new product deliveries is another issue that vendors face provided that software development takes a lot of time. Even after the delivery, the solutions require maintenance and error handling which is another major challenge that ISVs face.

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What Are The Five Bits of Advice To Start an ISV Startup?

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An ISV company is defined as an organization or software publisher that specializes in the creation, development, and distribution of commercial software by licensing agreements with various enterprises and individual users. However, the ISV company retains all ownership and intellectual property rights to its licensed software.

The ISV industry is expected to reach a market value of approximately $408.15 million by 2026. Therefore, the market for ISV startups is highly lucrative for software publishers and organizations. However, it is extremely important to ensure that you understand how to start an ISV startup before venturing into the industry.

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Low code versus no code, and what it means to enterprise software developers

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Low code and no code are frequently lumped together, despite taking significantly different approaches. Here is what the debate means to enterprise developers.

The software industry is currently facing a massive wave of transformation driven by growing demand, evolving customer expectations, and fierce global competition. This has left enterprise software teams struggling to keep up with the constant pressure to innovate rapidly and keep widening skills gaps in check.

Every enterprise needs software, and off-the-shelf solutions can only go so far when it comes to meeting their unique requirements. However, while there is often a clear need to develop bespoke solutions, doing so often comes at a significant expense, especially when factoring in the ongoing costs of software maintenance.

Many of these challenges come down to the fact that traditional software development is costly and time-consuming and requires specialized skills that are in short supply and huge demand. This is why the case for no-code and low-code application development is growing all the time. According to Gartner, two-thirds of application development activity will be low code by 2024.

In this article, we will look at what that means for enterprise software teams.

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Why Software Vendors Should Use An Open-source Low-code Platform To Develop Their Apps

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Digital platforms have provided businesses with a whole new dimension of business expansion opportunities. All of a sudden, a small business startup from a small town can reach the world with a digital platform like a website or mobile application. These platforms have also enabled us to work faster, increasing efficiency and productivity through various automations and processes at the tap of a button.

Accordingly, we use apps all the time. There are millions of apps out there, and yet the growing use-cases of apps still continue to grow. So people now look to low-code development platforms as a way to gain access to services they need most. It’s no wonder why low-code development is now set to become a $39.79 billion industry by the time 2027 rolls in.

But what is low-code development and what are the advantages of using an open-source option? You’ll learn that and more in this article.

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What Is The Difference Between ISV and COTS?

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As digital technology continues to evolve, cloud-based technology and computing processes are being increasingly integrated into modern day-to-day business processes. Studies have shown that 50% of enterprises spend more than $1.2 million on cloud-based services annually.

An Independent Software Vendor (ISV) is defined as a software publisher that generates, develops, and distributes commercial software through licensing agreements. These commercial agreements may either be one-time licenses or time-interval-based subscription plans. ISV companies retain all ownership and intellectual property rights.

Commercial-Off-The-Shelf (COTS) software is defined as commercially available packages software that is ready-made and instantly available for the use of the general public and other interested parties. COTS software is commercially produced and distributed to users and does not require any modification.

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