The answer is a lot!
IDC has recently released its new IDC FutureScape predictions. Their Worldwide Cloud 2022 Predictions report included an important statistic on the use of low-code and no-code platforms:
“By 2023, 60% of Net-New Applications Will Be Developed
with No-Code/Low-Code Platforms, Up from 30% Today”
According to this statistic, the percentage of applications built using low-code/no-code will double compared to today. But the change in the actual number of applications developed will likely be even more significant.
If application development occurred at a constant pace, the prediction would mean the number of applications built using low-code and no-code platforms would also double over the next 2 years. However, the number of applications developed each year is not constant. It’s rapidly increasing.
As demand for digital products and services increases, there has been a dramatic increase in the number and rate of applications produced. According to an earlier prediction by IDC in 2019:
“By 2023, over 500 Million Digital Apps and Services Will Be Developed
and Deployed Using Cloud-Native Approaches”
This is the same as the number of applications created over the past 40 years combined.
Taken together, these two statistics show how truly staggering the increase in low-code and no-code application development will be. And the number of applications created each year will only continue to increase as the world becomes more digitalized.
Contrast this against the general skills shortage in software development. Better tools that simplify app development and make software developers more productive will play an increasingly important role in app development. Not surprisingly even consultancy McKinsey says that to unleash developer productivity, leading companies need to invest in better development tools. Their research indicates that better development tools are ” the top contributor to business success—enabling greater productivity, visibility, and coordination” in app development.
Ready to give this a try? Build your first application using low-code today. Simply download and install Five from our website and you’re ready to go!