No-code development is a new approach to software creation that allows users to build applications without coding skills or even developer resources. Instead, users can use drag-and-drop interfaces and point-and-click wizards to create apps with little to no knowledge of traditional coding languages like Java, C#, Python, etc. While no-code development is still an emerging trend in the software world, it’s growing at an impressive rate.
A report by New Voice Therapeutics and VentureRadar estimates that the no-code market will be worth over 17 billion by 2024. That’s why it’s important for businesses to understand what no-code development is and how they can leverage this technology to streamline their app creation processes. Some other statistics are below for your knowledge,
- By 2030, the global low-code/no-code development platform market is expected to produce $187 billion in revenue. It will account for more than 65% of application development activity by 2024.
- The mixture of low-code/no-code and conventional innovation is projected to be adopted by 75% of businesses.
- The global low-code/no-code market is projected to total $13.8 billion in 2021.
- The global low-code/no-code market size was valued at USD 11.45 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.7% from 2020 to 2027.
What Is No-Code Development?
No-code development is a type of development that does not require coding. It is a way to create software applications without having to write code. The term can also refer to low-code development, which is a type of development that uses visual programming languages and tools to allow for the rapid development of applications with less code than traditional methods.
No-code development platforms, sometimes called application platforms, provide a way to build software without coding. These platforms typically include a visual interface that allows users to drag and drop elements to create an application. Some no-code development platforms also include pre-built templates and components that can be used to speed up the development process. No-code development platforms are often used to create simple applications or prototypes. However, some no-code development platforms are powerful enough to create complex enterprise applications.
Low-code development platforms are similar to no-code development platforms, but they typically include more features and allow for more complex applications to be built. Low-code development platforms are often used by enterprises to build mission-critical applications. No-code and low-code development platforms can be used to build web, mobile, and desktop applications. Some platforms can also be used to build server less applications, IoT applications, and AI applications.
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