Many of the capabilities provided by low-code and no-code tools benefit from cloud-based development, and many intelligent development technologies rely on cloud-based services.
In the Low-Code, No-Code and Intelligent Development Technologies (LCNCIDT) market demand continues to be strong for both professional and non-technical developers. According to a new forecast from IDC, worldwide LCNCIDT revenues will grow to $21.0 billion by 2026, at a five-year compound annual growth rate (CAGR) of 17.8 percent from 2021-2026.
Companies are adopting LCNCIDT technologies to improve developer productivity, either by simplifying or eliminating aspects of the development process to enable professional developers to work faster, or by providing non-technical developers with tools to they can create or update digital solutions without the help of professional developers.
“The market for LCNCDIT technologies is driven by a global shortage of full-time developers. This situation is expected to continue this decade, creating a strong market for technologies that increase developer productivity or expand the potential developer pool,” said Michele Rosen, IDC research director. .
LCNCIDT’s growth is driven in part by the adoption of cloud-native technologies as organizations turn to the digital world. The benefits of cloud-native software development include greater agility, lower hosting costs, faster time to market, and improved user experience. However, this approach also carries risks in terms of cost and operational management, especially if the organization does not have the necessary expertise in-house. Vendors that offer LCNCIDT development tools for transitioning to and managing cloud-native software development, including cloud-native design tools, IDEs, and DevOps tools, have the opportunity to help organizations make this complex but necessary transition.
Many of the capabilities provided by low-code and no-code tools benefit from cloud-based development, and many intelligent development technologies rely on cloud-based services. As a result, most of LCNCIDT’s revenue has come from cloud deployments over the past few years. IDC expects this trend to continue, and by 2026, cloud deployments will account for more than 75 percent of market revenue.
The competitive market for low-code, no-code, and intelligent development technologies includes products that enable professional developers to work faster by simplifying or eliminating aspects of the development process, and that expand the developer population by allowing non-technical developers to they provide development interfaces that abstract some or all of the knowledge required for coding in traditional development environments.