The worldwide market for low-code development technologies is projected to total $26. 9 billion in 2023, an increase of 19. 6% from 2022, according to the latest forecast from Gartner, Inc. A rise in business technologists and a growing number of enterprise-wide hyperautomation and composable business initiatives will be the key drivers accelerating the particular adoption of low-code technologies through 2026.
“Organizations are increasingly turning in order to low-code advancement technologies to fulfill growing demands with regard to speed application delivery plus highly customized automation workflows, ” said Varsha Mehta , Senior Market Research Specialist at Gartner. “Equipping both professional IT developers and non-IT personas — business technologists — with diverse low-code tools enables organizations in order to reach the level of digital competency and speed of delivery required regarding the modern agile environment. ”
Low-code software platforms (LCAPs) are projected to be the largest component of the low-code growth technology market, growing 25% to reach nearly $10 billion dollars in 2023 (see Table 1).
Desk 1 . Low-Code Development Technologies Revenue (Millions of U. S. Dollars)
|
2021
|
2022
|
2023
|
2024
|
|
|
Low-Code Application Platforms (LCAP)
|
6, 324
|
7, 968
|
9, 960
|
12, 351
|
|
Business Process Automation (BPA)
|
2, 416
|
2, 585
|
2, 761
|
2, 940
|
|
Multiexperience Advancement Platforms (MDXP)
|
2, 081
|
2, 508
|
2, 999
|
3, 563
|
|
Robotic Procedure Automation (RPA)
|
2, 350
|
2, 892
|
3, 401
|
3, 879
|
|
Integration Platform as a Service (iPaaS)
|
4, 680
|
5, 668
|
6, 668
|
7, 838
|
|
Citizen Automation and Development Platforms (CADP)
|
554
|
732
|
953
|
1, 232
|
|
Other Low-Code Development (LCD) Technologies*
|
92
|
109
|
126
|
146
|
|
Total
|
18, 497
|
22, 462
|
26, 869
|
31, 949
|
|
*Other low-code development systems include rapid mobile app development (RMAD) tools plus rapid program development (RAD) tools. RAD tools are/were on-premises only and desktop-bound applications mainly. Low code is the evolution of RAD to cloud and SaaS models.
|
||||
|
Notes: Gartner defines a no-code application platform as an LCAP that just requires text entry intended for formulae or simple expressions. The LCAP market, therefore, includes no-code platforms. Furthermore, “no code” is not the sufficient criterion for tasks like citizen development, as many complex tooling configuration tasks are no code but still require specialist skills. Columns may not add to totals shown because of rounding.
|
||||
Source: Gartner (December 2022)
While LCAP is the largest marketplace segment, resident automation development platform (CADP) is forecasted to grow at the fastest pace, along with a 30. 2% growth forecast to get 2023. Typical use cases of CADP include automating workflows, building web-based forms, bridging data and content across multiple software-as-a-service applications and creating reports and data visualizations.
“The high cost associated with tech talent and a growing hybrid or even borderless workforce will contribute to low-code technology adoption, ” stated Jason Wong , Distinguished VP Analyst, at Gartner. “Empowered by the intuitive, flexible and increasingly-powerful features of low-code advancement tools, company technologists plus citizen technologist personas are developing lightweight solutions to meet business unit needs pertaining to enhanced productivity, efficiency and agility — often as fusion teams. ”
Gartner predicts that by 2026, designers outside formal IT departments will account for at least 80% of the user base for low-code development tools, up through 60% within 2021.
Hyperautomation plus Composability to Drive Low-Code Adoption
Interest in hyperautomation continues to grow due to rising operational optimization demands, a widening skills gap and increasing economic pressures . Gartner forecasts that the spending on hyperautomation-enabling software technologies will reach $720 billion inside 2023. A portion of this spending will certainly be directed at low-code growth technologies including LCAP, iPaaS, RPA , CADP and MXDP, to support process automation, integration, decision analytics plus intelligence use cases.
Investments in low-code technologies that will support innovation and composable integration will also grow as organizations embrace the composable enterprise. Composable enterprises require better reuse of existing packaged business capabilities (PBCs) for souple application development and in order to create custom user experience for new workflows and processes.
“Low-code advancement technologies are usually supporting the particular composable enterprise by enabling the creation of more agile and resilient software program solutions, ” said Wong. “These technology can be used to compose plus recompose modular components and PBCs, in order to create adaptive custom programs for changing business needs. ”
Gartner clients can learn a lot more in “Forecast Analysis: Low-Code Development Systems, Worldwide. ”
About Gartner for High Tech
Gartner for High Tech equips tech leaders plus their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organizations associated with tomorrow. Additional information is available at www.gartner.com/en/industries/high-tech .
Follow news and updates from Gartner for High Tech on Twitter and LinkedIn using #GartnerHT.