How big is the low-code market?
Low-code is a technology that allows developers to create apps and interactive platforms without hard-coding language training. It uses visual tools and pre-built modules to help users create a UI for their apps.
The current market value of the low-code industry is 13.2 billion dollars, according to recent sources. Predictions say that the low-code market will be valued at 187 billion USD by 2030. That is an approximate hike of 176 (the market was valued at 10.3 billion USD in 2019) billion USD in under twelve years.
From industrial pressure to the pandemic-induced need for complete organizational digitization. So many factors contribute to the sudden explosive success of the newfound technology. Let’s delve into the most salient reasons that have brought low-code to the forefront of most business sectors.