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Gartner’s New Projections for Low-code Tech
we are going to be talking about something that has been a very happening technology for quite some time now – Low-code. As the name suggests, the technology involves minimal possible coding, helping someone with absolutely no background or practice in coding to be able to create applications easily. The technology is seeing a huge demand as it does not just reduce the dependence on skilled coding professionals but allows anyone to easily build anything they want with minimal coding. Low-code tech enables business technologists to work outside the folds and umbrellas of conventional IT and create a tech or analytical capabilities for business use. Some latest projections about this technology have been published recently, which is exactly what we will be talking about in today’s episode.
According to the latest research by Gartner, low-code technology is set to grow to nearly $27 billion in 2023 fueled by hyper-automation and composability. This would be a roughly 20% increase over 2022. Of the different components of low-code tech, low-code application platforms are forecast to see the largest growth, growing by approximately 25% to reach nearly USD 10 million in 2023.
Gartner has also predicted that by 2026, developers outside the formal IT departments will account for over 80% of the user base for low-code development tools. To get an idea of how huge this is, we would like to tell you that this number was 60% in 2021.
Gartner has also opined that by 2026 a large number of organizations will have hyper-automation and composable business initiatives in place, which would be a major driver for the demand for low-code technology. In these fast-paced times, there is a dire need for speedy application delivery and highly customizable automation workflows.
If you are a current or aspiring IT professional or a business technologist, or someone looking to learn a new skill, do check out low-code technology. To take it a notch up, you can add a certification in DevOps or cloud computing to your repertoire, which would be a huge boost not just for your skills, but also for your resume.
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By Cognixiawe are going to be talking about something that has been a very happening technology for quite some time now – Low-code. As the name suggests, the technology involves minimal possible coding, helping someone with absolutely no background or practice in coding to be able to create applications easily. The technology is seeing a huge demand as it does not just reduce the dependence on skilled coding professionals but allows anyone to easily build anything they want with minimal coding. Low-code tech enables business technologists to work outside the folds and umbrellas of conventional IT and create a tech or analytical capabilities for business use. Some latest projections about this technology have been published recently, which is exactly what we will be talking about in today’s episode.
According to the latest research by Gartner, low-code technology is set to grow to nearly $27 billion in 2023 fueled by hyper-automation and composability. This would be a roughly 20% increase over 2022. Of the different components of low-code tech, low-code application platforms are forecast to see the largest growth, growing by approximately 25% to reach nearly USD 10 million in 2023.
Gartner has also predicted that by 2026, developers outside the formal IT departments will account for over 80% of the user base for low-code development tools. To get an idea of how huge this is, we would like to tell you that this number was 60% in 2021.
Gartner has also opined that by 2026 a large number of organizations will have hyper-automation and composable business initiatives in place, which would be a major driver for the demand for low-code technology. In these fast-paced times, there is a dire need for speedy application delivery and highly customizable automation workflows.
If you are a current or aspiring IT professional or a business technologist, or someone looking to learn a new skill, do check out low-code technology. To take it a notch up, you can add a certification in DevOps or cloud computing to your repertoire, which would be a huge boost not just for your skills, but also for your resume.