No-code development is a new approach to software creation that allows
users to build applications without coding skills or even developer resources.
Instead, users can use drag-and-drop interfaces and point-and-click wizards to
create apps with little to no knowledge of traditional coding languages like
Java, C#, Python, etc. While no-code development is still an emerging trend in
the software world, it’s growing at an impressive rate.
A report by New Voice Therapeutics and VentureRadar estimates that the
no-code market will be worth over 17 billion by 2024. That’s why it’s important
for businesses to understand what no-code development is and how they can
leverage this technology to streamline their app creation processes. Some other
statistics are below for your knowledge,
- 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.
- The mixture of low-code/no-code and conventional innovation is projected to be adopted by 75% of businesses.
- The global low-code/no-code market is projected to total $13.8 billion in 2021.
- 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.
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