Low-code is defined as a visual approach to software development that enables citizen developers with little to no traditional coding experience to build powerful, high-functioning enterprise applications. Citizen development can enable your business to democratize application development, reduce the risk of shadow IT, facilitate scalable long-term organizational growth and much more Low-code platforms can enable your business to take advantage of advanced features such as drag-and-drop builders, cross-platform accessibility, scalable development tools, instant deployment features and much more.
Studies have shown that the global low-code application development platform market is forecasted to generate a revenue of $187 billion by the year 2030, with a Compound Annual Growth Rate (CAGR) of 31.1%. Low-code platforms can have a wide variety of benefits for your business, including improved agility, reduced costs, higher productivity, more effective risk management strategies and much more. Therefore, your business must recognize the value of building low-code enterprise applications and workflows.