October, 2024
The market of low-code development platforms is experiencing constant changes due to growing interest in applications that be created quickly and without great effort. New releases from large technological organizations, such as Salesforce and Microsoft present developments toward including artificial intelligence and improving the user interfaces in low-code platforms. The increased focus of enterprises on digital transformation has also caused more people to be able to contribute to software creation through low-code platforms. The next figure provides essential data on the subject matter under consideration by presenting some additional characteristics of the global low-code development platforms market, such as the overall tentative user base, regular sectors using low-code platforms, and the expected tendency, which demonstrates the significance of this innovative trend.
| Year | Companies Using Low-Code (%) | Key Sectors Utilizing Low-Code (%) | Average Development Time Reduction (Days) | Cost Savings (%) |
| 2021 | 35 | IT (40%), Finance (25%), Healthcare (20%) | 20 | 30 |
| 2022 | 40 | Retail (30%), Education (25%), Manufacturing (20%) | 18 | 32 |
| 2023 | 50 | Government (35%), Telecom (25%), Non-profits (20%) | 15 | 35 |
| 2024 | 60 (projected) | Cross-industry (40%) | 12 | 38 |
| 2025 | 70 (projected) | Various industries (45%) | 10 | 40 |
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