The COVID-19 pandemic has been rough for a lot of industries across the world, but some industries like the tech industry have seen some improvement, with growth in certain sectors, like custom software development and low-code development.
Thanks to people being stuck at home due to the pandemic, remote software development has seen a boost, which, in turn, led to a surge in demand for low-code/no-code programming tools.
The data came from Analyst Gartner, which also forecasted that the low-code development technology market will hit a total value of $13.8bn by 2021, which would be a 23.2% increase from 2020. Notably, the growth in demand is continuing in spite of pressure in IT departments to streamline their budgets and cut costs.
Gartner Research VP Fabrizio Biscotti says that, while low-code app development isn’t new, the rise of composable business, hyper-automation paired with the disruptions to COVID, has resulted in a surge of demand for tools and development.
Gartner predicts that the low-code application platform would account for the largest chunk of the low-code development tech market all the way to 2022, hitting $5.8bn by the end of that year, which would be a 65% increase from 2020. Other notable areas of growth are rapid mobile app development (RMAD) tools, as well as rapid application development (RAD) tools.
According to the market research firm, the growth in low-code tools is due to businesses requiring more software. Gartner notes that not only has this boosted low-cost development, it also boosted custom software development and other parts of the IT industry which, in turn, has led to the emergence of citizen developers.
Gartner’s research suggests that about 41% of employees outside of IT work on data and technology solutions. They expect that low-code solutions will account for at least half of solutions by the end of 2025.
Biscotti stated that the COVID-19 pandemic was rough, but low-code development did get something at it. Low-code development, which is great for supporting remote work, is expected to continue growing in demand in the future, with pricing ranges set to widen due to the fact that people need them to keep working.