Report
Low-code for application development
The global low-code development platform market is rapidly growing, expected to reach $26.9 billion by 2023 with a CAGR of 28.1%.
Businesses are under pressure to innovate quickly, leading to the rise of low-code platforms that simplify application development.
These platforms offer advantages such as faster time-to-market, increased agility, democratization of development, cost savings, improved collaboration, and seamless integration.
While low-code development is beneficial, challenges like scalability, vendor lock-in, security, and skill development need to be addressed.
Real-world use cases in healthcare, finance, manufacturing, retail, e-commerce, and the public sector demonstrate the effectiveness of low-code platforms in streamlining operations and driving innovation.
In conclusion, low-code development presents opportunities for organizations to accelerate digital transformation and improve operational efficiency.
Careful evaluation of needs and considerations is crucial before adopting a low-code platform to ensure successful implementation and leverage its benefits for innovation and competitiveness in the digital landscape.
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