The low-code development platforms market is projected to continue its meteoric rise, reaching USD 164.9 billion by 2030. Let’s take a closer look at why low-code technology is proving a catalyst for transformative change in software development.
What is low-code?
Low-code is more than just a method—it’s a revolutionary technology akin to gen-AI in its transformative potential. Instead of labouring over thousands of lines of code, developers can now build, test and maintain software through a visual interface. Imagine the simplicity of using drag-and-drop features to develop applications, the same way you would with a Content Management System (CMS) for website creation.
Now, just as websites no longer require hand coding – software development is stepping into a new era with low-code, including the use of AI. It’s like comparing a horse-drawn carriage to a Ford Model T. The latter, introduced in 1908, was a game changer, much like low-code is today.
In a truly integrated enterprise-grade low-code platform, over 70% of the development is done visually. The need for manual coding, debugging and compiling is drastically reduced to the point where it is almost eliminated. The generated code is then compiled for superior performance, far surpassing the less efficient interpreted approach required by many low-code platforms in the market.
But remember, low-code is not a market—it’s an indispensable technology. As such, it’s only natural that vendors across the board will start introducing low-code capabilities into their offerings, much like they’re doing with gen-AI.
Why low-code matters for IT leaders?
With enterprise-grade low-code, you can expedite your time-to-market without compromising on quality. A high-performance low-code platform is a testament to the power of agile delivery, ensuring rapid and consistent application development that meets your business needs swiftly and efficiently.
The benefits continue beyond there. Low-code also significantly reduces your overall software development costs. It empowers you to accomplish more with less, as smaller teams can deliver projects in weeks instead of months and months instead of years. This streamlined approach not only enhances productivity but also minimises risks inherent in software development.
One of the critical advantages of low-code is that it lowers the time to developer competence. With fewer people to recruit and manage, you can focus on what matters most—delivering mission-critical applications with small teams.
The platform also leverages automation to boost productivity, dramatically reducing bugs, technical debt and inconsistency. It’s an efficient way to keep your software development process streamlined, error-free and cost-effective.
Moreover, low-code has automated DevOps built into its core. It is secure and scalable by design, with high availability and disaster recovery capabilities. It even supports regulatory compliance, including SOC2, making it a comprehensive platform for all your software development needs.
In 2011, Andreessen predicted that “software is eating the world”. Low-code is accelerating this trend even further, allowing businesses to innovate and streamline their business at speed, at scale, and without walls. Today, “AI is eating the world” and time-to-market is crucial to succeed. With the growth of AI, low-code became the best approach for organisations to leverage these technologies in their solutions and business operations as they become available.
But, you don’t have to navigate this exciting new world alone. PhoenixDX has partnered with OutSystems, a leader and pioneer in the low-code platform market, for over 20 years. The OutSystems platform helps businesses overcome the complexity of delivering front-end interfaces, web and mobile applications, business logic, data capture and storage, system and data interoperability, cloud architecture and DevOps tools for testing and deployment. By enabling businesses to build high-quality mission-critical enterprise-level solutions quickly, efficiently and effectively, low-code has emerged as the software development approach for our time – and that’s why it’s the new black.
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