TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • Digital Platforms and Services
  • Open RAN
  • Cloud Native Telco
  • Telcos and Public Cloud
  • The Green Network
  • Private Networks
  • Open Telco Infra
  • 5G Evolution
  • Access Evolution
  • Edgenomics
  • Network Automation
  • 6G Research & Innovation
  • Security
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Digital Platforms and Services

Digital Platforms and Services

Gartner Forecasts Worldwide Low-Code Development Technologies Market to Grow 20% in 2023

Via Gartner Newsroom

Dec 13, 2022

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 adoption of low-code technologies through 2026.

“Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and 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 to reach the level of digital competency and speed of delivery required for the modern agile environment.”

Low-code application platforms (LCAPs) are projected to be the largest component of the low-code development technology market, growing 25% to reach nearly $10 billion in 2023 (see Table 1). 

Table 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 Development Platforms (MDXP)

2,081

2,508

2,999

3,563

Robotic Process 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 technologies include rapid mobile app development (RMAD) tools and rapid application 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 only requires text entry for formulae or simple expressions. The LCAP market, therefore, includes no-code platforms. Furthermore, “no code” is not a 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 market segment, citizen automation development platform (CADP) is projected to grow at the fastest pace, with a 30.2% growth forecast for 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 of tech talent and a growing hybrid or borderless workforce will contribute to low-code technology adoption,” said Jason Wong, Distinguished VP Analyst, at Gartner. “Empowered by the intuitive, flexible and increasingly-powerful features of low-code development tools, business technologists and citizen technologist personas are developing lightweight solutions to meet business unit needs for enhanced productivity, efficiency and agility — often as fusion teams.”

Gartner predicts that by 2026, developers outside formal IT departments will account for at least 80% of the user base for low-code development tools, up from 60% in 2021.

Hyperautomation and 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 in 2023. A portion of this spending will be directed at low-code development technologies including LCAP, iPaaS, RPA, CADP and MXDP, to support process automation, integration, decision analytics and intelligence use cases.

Investments in low-code technologies that 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 agile application development and to create custom user experience for new workflows and processes.

“Low-code development technologies are supporting the composable enterprise by enabling the creation of more agile and resilient software solutions,” said Wong. “These technologies can be used to compose and recompose modular components and PBCs, to create adaptive custom applications for changing business needs.”

Gartner clients can learn more in “Forecast Analysis: Low-Code Development Technologies, Worldwide.”

Related Topics
  • Digital Platforms and Services,
  • Enterprise,
  • Global,
  • Network Automation,
  • Telco & CSP,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

Digital Platforms and Services

DriveNets network cloud now carries more than 52% of AT&T’s core production traffic

Jan 27, 2023

Digital Platforms and Services

Toyota Tsusho, IIJ, NEC, and NTT Com sign contract with Uzbektelecom for telecommunications infrastructure development project

Jan 27, 2023

5G Evolution

What’s up with… Ericsson, Millicom, AST SpaceMobile

Jan 26, 2023

Digital Platforms and Services

Antel to trial VMware Telco Cloud Platform for its 5G architecture

Jan 26, 2023

Access Evolution

Nokia reports a stellar 2022

Jan 26, 2023

This content extract was originally sourced from an external website (Gartner Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2023. All rights reserved. All brands and products are the trademarks of their respective holder(s).