The app development industry has been witnessing staggering growth over the last few years owing to the rising demand for high-functionality apps. According to a recent report, the global mobile application market size is estimated to grow at a CAGR of 13.4% from 2022 to 2030 and will reach 565.40 billion USD by 2030.
Application development comes with a host of business benefits including increased scalability, improved efficiency, better data security, improved customer relationship, and more. However, the complexities involved in enterprise-grade app development pose a slew of challenges to enterprises. Not to mention, application development is a costly affair and demands a substantial amount of time for maintenance and upgrading. This is where the role of low-code application development platforms comes into action. Unlike traditional app development cycles that vary from a few months to a couple of years, low-code platforms not only simplify the development process but also expedite application deployment to a few weeks. This could be one of the reasons why SMBs should consider low-code app development in 2023. Now, let’s dig deeper to understand better about low-code.
What is Low Code Development?
Low-code is no longer a buzzword, instead, it’s the future of application development. It is a popular app development approach that operates in a model-driven, drag-and-drop interface and requires minimal hand-coding, which in turn, expedites the development and deployment process. In other words, low-code streamlines the application development process by offering rich visual tools and intuitive functionality through an easily navigable graphical user interface (GUI).
Low-code isn’t something new in the realm of app development since rapid application development (RAD) tools have been around for years. However, this app development approach has recently brought a paradigm shift in the way enterprise-grade applications are developed and deployed. Since then, it has been making strong headlines and gaining strong momentum globally.
In a recent report, Gartner predicted that low-code would be accountable for 65% of all application development projects. The reason behind this is the need for quick application development solutions that are not only easier to integrate, modify and upgrade but also allow enterprises to quickly adapt to the changes as per customer requirements, regulatory compliances, and market needs. Furthermore, the global market for low-code platforms is estimated to reach 125.8 billion USD by 2027 and will grow at a CAGR of 38.6% during 2020-2027. What’s more interesting to note is that the company Schneider Electric released 60 apps in 20 months using low-code, while many of them were delivered in just 10 weeks. On the other hand, Ricoh achieved a 253% ROI by replacing legacy systems with low-code.
Key Reasons to Embrace Low-Code Platforms for App Development in 2023
1. Faster Time-to-Market
Time-to-market plays a critical role when it comes to gaining a competitive advantage. Unlike traditional application development, which is time-intensive, low-code platforms allow businesses to develop and deploy enterprise-grade solutions in a quick turnaround time. A recent survey report by Statista reveals that low code development is 40-60% faster than traditional development. Another report by Forrester indicates that low-code platforms have the potential to develop software 10X faster than traditional methods. Furthermore, low-code platforms come with data models, drag-and-drop functionality, and pre-built user interfaces that allow citizen developers, seasoned developers, subject matter experts, and non-technical users to create minimum viable products (MVPs) or well-functioning products with ease. In other words, low-code platforms bridge the skill gap by empowering everyone in the organization to build value-driven business applications.
2. Lower Maintenance Burden
Traditional mobile applications require frequent maintenance and upgrading, which demands a substantial amount of time and investment since developers need to manually add new features or fix bugs. However, low-code platforms employ pre-tested, ready-to-use components, UI templates, and data modules that work synergistically and require minimal maintenance and testing. Since the modules and templates are ready-made, standardized, and pretested, developers don’t have to invest a lot of effort in fixing bugs. Reduction in the efforts of developers will lead to a lower maintenance burden and reduced total cost of ownership (TCO).
3. Integration With Legacy Mainframe Systems
Another strong reason to consider low-code platforms is that it allows the integration of legacy systems built on non-scalable architecture using traditional methods of coding. With this integration, enterprises can experience a host of benefits including resilient solutions, quick development, and the ability to adapt to ever-changing requirements.
4. Cross-Platform Capabilities
In traditional application development, enterprises need to build a dedicated mobile application for each platform to achieve superior performance. They may also consider a hybrid development option. However, in this case, they may have to compromise with the application performance. With low-code platforms, it becomes simple to create single-click cross-platform deployments that run seamlessly across mobile, web, desktop, and cloud. Furthermore, all the changes will be visible across all the platforms simultaneously with low-code app development.
Also Read – Top 5 Software for App development
The demand for low code development has been rising with every passing year since it helps enterprises lower costs, expedite development, address the talent gap, quickly respond to changing market needs, and gain a competitive advantage. If you also want to leverage the potential of low code development, it’s wise to choose the best low-code platform that meets your project requirements. OutSystems, Power Apps, Kissflow, and Salesforce Lightning are some popular low-code application development platforms used for developing value-driven business solutions.