Gartner forecasts that sales of low-code development technologies will grow 19% over the next four years to reach $44.5 billion by 2026.
According to Gartner, democratisation, hyper-automation and composable systems, as well as business initiatives, will be the key factors that will accelerate the adoption of low-code technologies.
“Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows”,
said Varsha Mehta, Senior Market Research Specialist at Gartner.
“Equipping both professional IT developers and non-IT personas — business technologists — with diverse low-code tools enables organizations to reach the level of digital competency and speed of delivery required for the modern agile environment”,
Such a conceptualization of business strategy requires organizations to break down services and processes into microservices or bundled business capabilities and compose new offerings by bringing together these building blocks.
Low-code development technologies enable business users and developers with little or no coding experience to develop applications based on business needs.
Gartner predicts that by 2026, developers outside formal IT departments will account for at least 80% of the user base for low-code development tools, up from 60% in 2021.