The low-code development market is set to grow from $7.61 billion in 2021 to $36.43 billion by 2027. These platforms, which can reduce development time by up to 90%, are becoming crucial in software creation. By 2025, 70% of business applications are expected to use low-code and no-code technologies.
Driven by the demand for efficiency, adaptability, and rapid deployment, low-code platforms are revolutionizing the industry. These platforms empower users with minimal coding experience to create applications, fostering greater agility and innovation. This shift is enabling organizations to quickly adapt to changing demands and streamline their development processes.
Leading companies like Salesforce, Microsoft, Appian, Oracle, and others are at the forefront of this market. They are driving its growth and shaping the future of application development, making low-code and no-code technologies pivotal to the next generation of business solutions.
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