Observed Signal · Sep 13, 2022 · Other · Source: CMSWire · Impact: 2/5 · Sentiment: Positive
Low-Code and No-Code: What C-Suites Need to Know
This CMSWire feature examines how low-code and no-code platforms have become strategically important for enterprises, accelerated by the pandemic and the developer shortage. The article cites market research showing significant adoption: an IDC survey found 48.6% of enterprises buy these platforms to move innovation in-house, while Gartner predicts 70% of new enterprise applications will use low-code/no-code by 2025. It also highlights the global developer shortfall projected by Evans Data Corporation and a Salesforce MuleSoft survey on the Great Resignation's impact on IT hiring and retention. The piece outlines benefits such as empowering citizen developers and easing IT workloads, alongside challenges like shadow IT, scaling, and cost containment. It concludes that C-suite executives should embrace low-code/no-code automation to support digital transformation despite the need for oversight.
Provides useful market data and adoption trends for low-code/no-code platforms relevant to MarTech and enterprise digital transformation, but contains no breaking news or industry-shifting announcement.
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Key Takeaways & Evidence Grounding
- The global low-code development platform market was valued at $12.5 billion in 2020 and is projected to reach $190.8 billion by 2030, a 31.3% CAGR.
- IDC's 2022 survey found 48.6% of enterprises purchase low-code/no-code platforms to move innovation in-house; 39.3% cited pandemic-related needs.
- Gartner predicted that by 2025, 70% of new enterprise applications will use low-code or no-code technology, up from less than 25% in 2020.
- Evans Data Corporation projected a global shortfall of more than 9 million software engineers by 2024.
- A Salesforce MuleSoft survey found 93% of organizations say the Great Resignation made it harder for IT teams to retain skilled developers.
Connected Companies & Entities
5 Entities mapped“This was only confirmed by a 2022 IDC survey, which found that 48.6% of enterprise respondents are purchasing low-code or no-code platforms ...”
“Gartner predicted that by 2025, 70% of new applications developed by enterprises will use low-code or no-code platforms or technology, up fr...”
“According to Forrester, while low-code is usually associated with citizen developers like data-driven marketers and business technologists, ...”
“A Salesforce MuleSoft survey found that 93% of organizations said the 'Great Resignation' has made it more difficult for IT teams to retain ...”
“Matt McLarty, Global Field CTO & VP of the Digital Transformation Office, MuleSoft, is quoted on the developer shortage....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
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