The Rise of No-Code and Low-Code Platforms

• Sukanya Bharati
• August 21, 2024
• Blog
• #founders, #productstrategy, #startups
• 0 Comments

Have you ever dreamed of transforming your app idea into a fully functional product in just a few weeks, without learning the complex world of coding? Well, today you’re in luck! No-code and low-code platforms have been around for over two decades like Mendix and Appian, quietly revolutionizing how software is created. But now, they are taking center stage in the tech industry.

Recent research conducted by Gartner casts a brilliant light on the low-code development technologies sector. Projections indicate that it is poised to soar to an astonishing $29 billion in revenue by 2025, exhibiting a remarkable compound annual growth rate (CAGR) of over 20%. This soaring trajectory owes its momentum to three pivotal trends – the democratization of technology, the rise of hyper-automation, and the concept of composable business.

Let us first understand what low-code and no-code application platforms are.

Low-code platforms simplify software development by providing visual tools and pre-built components. Users can also incorporate custom code when needed. This approach enables faster and more efficient application development without sacrificing flexibility or functionality.

Whereas a no-code application platform is a development environment that allows users to create fully functional software applications without writing any code or with minimal code involvement. These platforms often provide a visual interface and pre-built components that users can drag and drop to design the application’s functionality, user interface, and workflows.

Now that you know a bit about low-code and no-code platforms, let’s take a moment to compare them slide by side. This table provides a quick overview of their key differences:

No-code and low-code platforms have resulted in a paradigm shift in how both individuals and organizations tackle software development. Let’s dive into some real-world scenarios to understand better:

No-code Examples:

Website Building – Platforms like Wix, Weebly, and Squarespace have enabled individuals and small businesses to create professional websites without any coding knowledge. Users can customize templates, add content, and incorporate e-commerce functionality with ease.

Forms and Surveys – Tools like Typeform and Google Forms enable users to create custom forms and surveys for various purposes, including lead generation, feedback collection, and event registrations. These forms are easy to create, and the data collected is automatically organized and analyzed.

Workflow Automation – Zapier, a No-Code automation platform, connects different web applications and services. It enables users to create automated workflows, known as “Zaps,” to streamline tasks. For example, users can set up a Zap to save email attachments to cloud storage automatically or notify their team when a new lead is captured.

Content Management – No-code content management systems like WordPress and Joomla make it simple for bloggers, content creators, and small businesses to manage their websites and publish content. Users can customize the look and functionality of their websites using visual interfaces.

Low-code Examples:

Enterprise Resource Planning (ERP) – Low-code platforms like Microsoft Power Apps have been used to develop custom ERP solutions tailored to the specific needs of organizations. These solutions integrate with existing systems and automate various business processes, including inventory management, order processing, and financial reporting.

Healthcare Management – Healthcare providers have used low-code platforms to build applications for patient management, appointment scheduling, and electronic health records (EHR). These applications help improve patient care, streamline administrative tasks, and enhance data security.

Financial Services – In the financial sector, low-code platforms have been used to create customer-facing applications for online banking, as well as internal tools for risk assessment and fraud detection. These platforms allow financial institutions to adapt quickly to changing customer needs and regulatory requirements.

Supply Chain Optimization – Companies in manufacturing and logistics have harnessed low-code platforms to develop supply chain management applications. These solutions help optimize inventory levels, track shipments in real time, and improve overall operational efficiency.

Education – Educational institutions have adopted low-code platforms to create custom e-learning applications. These applications facilitate online learning, course management, and student tracking. They have become especially valuable during remote learning periods.

These real-world examples serve as an example to unlock the boundless possibilities that are unlocked by no-code and low-code platforms. Whether you’re a solo entrepreneur, a small business owner, or a major enterprise, a small startup, a product manager, an IT person, or a founder these tools offer the means to innovate, adapt, and bring your ideas to life. From building complex enterprise solutions to quickly prototyping your innovative ideas, no-code and low-code platforms have something to offer for everyone.

References:

1. https://www.mendix.com/resources/gartner-magic-quadrant-for-low-code-application-platforms/
2. https://www.mendix.com/
3. https://www.wix.com/blog/low-code-no-code-guide
4. https://powerapps.microsoft.com/en-us/low-code-platform/
5. https://zapier.com/blog/workflow-automation/
6. https://hackernoon.com/the-pros-and-cons-of-low-code-development-4y2p33g9
7. https://www.sciencedirect.com/science/article/pii/S0926580523001693