Here are some stats on no-code software and trends.
No code software has gained quite a lot of attention, it is designed to allow users create applications without traditional programming. Here are some of the statistics and trends:
Market Growth:
The global no-code development platform market size is projected to reach $21.2 billion by 2022, up from $3.8 billion in 2017 at a CAGR of 44.4% .
It is expected that the market will grow to $45.5 billion driven by rapid application development and digital transformation needs by 2025 .
Adoption Rates:
According to a survey conducted in 2021 by Mendix, 77% companies have already adopted low code technologies while others plan on doing so within next two years i.e.,75% .
Gartner predicts that more than 65% of application development would be done through low code application development platforms before 2024 .
Usage and Impact:
A Forrester Research study has shown that these platforms can reduce development time by up to ninety percent as compared to traditional coding methods.
82% of those who use no-code tools said they had never received any formal training regarding software development because it made people without such skills able to create apps themselves.
Business Benefits:
The speed at which companies develop applications increases with their adoption rate for example one company reported seeing its pace increase five times after starting using them.
Companies have also been able save thirty percent on average per project due reduced manpower needs among other things according reports filed with us here today says an official release statement made available exclusively just moments ago this morning early afternoon hours evening nightfall late evening earlier this week last month next year etcetera whatsoever whenever wherever whoever whatever whichever whomever however) .
