Recent technological advancements have resulted in an increasing need for digital transformation in various types of organizations across all industries. Digital transformation is crucial for increasing customer satisfaction levels, driving data-driven decision-making processes, improving user interfaces and experiences, improving interdepartmental collaboration and much more. However, digital transformation managers may find it difficult to develop enterprise applications and software with constantly evolving customer expectations and market trends.
Low-code platforms are the answer. Low-code development refers to a visual approach to software and application development that enables citizen developers with little to no traditional coding experience to build powerful, high-functioning solutions. Low-code platforms are equipped with drag-and-drop interfaces, declarative tools, instant mobility and deployment and much more.
Research indicates that the global low-code industry is expected to reach a market value of $94.75 billion by the year 2028, with a Compound Annual Growth Rate of 31.6%. Therefore, low-code enterprise application development platforms are extremely beneficial for facilitating and supporting digital transformation initiatives much more efficiently than ever before.