Low-code development is a trailblazer in the world of software development – making it to the list of top trends in custom software development for 2023. Predictive data analysis, effortless task automation, and increased opportunity for collaboration are some of the new functions and benefits small businesses are expected to enjoy with low code in the coming year.
Here are some quick facts about low-code development to help your business prepare well:
- A report by Bloomberg says that by 2024, 65% of custom business software will be low-code and no-code developed.
- The global market forecast by Acumen Research and Consulting projected low-code development platform market to reach new heights at $159 billion by 2030 at 28.8% CAGR.
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