No-code And Low-code Startups Are The New Things Among Tech Startups. Why Is It And Why Is It Trending?

By Author: Chulani De Silva
Total Articles: 33
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Low-code/no-code development platforms are visual software development environments that enable enterprise and citizen developers to drag and drop application components, connect them, and construct mobile or web apps. These platforms are frequently used interchangeably with the development processes they represent. Companies that wish to prosper in highly competitive marketplaces must continuously develop apps to boost employee productivity. Thereby, it is seen that many tech startups are embracing the No-code Low code concept to increase their productivity and attract startup funding. Furthermore, 2020-2023 is considered a period where the low-code market is expected to rise substantially.

Many employees in the digital workplace are fast adopting low-code and no-code applications as their preferred technology!

Why exactly are the tech startups embracing this concept?

According to research by Gartner, by 2025 70% of new apps built by enterprises will use low-code or no-code technologies (Gartner and new digital experiences, 2021). Low-code and no-code modular techniques enable expert developers to construct ...
... apps fast by eliminating the need to write code line by line. They also allow non-software professionals such as business analysts, office managers, small-company owners, and others to construct and test applications. This is because there is a desire for simpler and faster application development. Thereby, the low-code development market is expected to produce $187 billion by 2030 (Research, 2020), with low-code tools accounting for more than 65% of application development by 2024.

It is also important to note that digital transformation is a crucial aspect that is affecting practically all sectors these days. As new digital technologies are released to the market, people's reliance on them grows. A growing number of businesses are turning to digital solutions to stay competitive in the market, simplify their procedures, and save time and money.

Businesses are developing applications to provide better solutions to their customers as a result of digitalization!

As a result, there is an increasing need for low-code/no-code development platforms all around the world.

So, let’s move on to the most crucial part.

Why is it trending among tech startups?

01. Helps in solving skill shortage

None of this should come as a surprise. Skill shortages in the technology industry have been extensively documented, and the situation has become critical in terms of application and platform development. According to a recent Mendix study, the need for developers has reached a fever pitch among IT professionals. Almost six in ten people (57%) believe the number of people needed for software development is increasing, while the expense of software development is increasing (61%) (Roe, 2021). Thereby, Low-code/No-code becomes the solution for many startups!

02. Enables Flexibility and Agility

Many factors influence adoption. According to Isaac Gould, research analyst at Nucleus Research, with firms prioritizing the digital transformation of daily operations and processes, many resorts to low-code/no-code technologies due to cheaper costs and lower technical hurdles to entry. Businesses that require flexibility and agility in their technology stacks can use a low-code enabled business process management or robotic process automation solution to automate and digitize business processes, or an enterprise application development platform to develop enterprise applications internally.

Furthermore, competent developers may perform jobs two to three times faster than they could use typical development tools. Low-code technologies also allow business users and citizen developers to contribute their expertise in order to eliminate friction between IT and end users and to establish standardized processes or applications that require less IT intervention and better match the use case.

03. Low IT infrastructure Cost

Low-code/No-Code applications support cloud and hybrid deployments, providing on-demand scalability and dramatically lowering upfront CapEx. Furthermore, it ensures faster innovation in less time without increasing IT manpower. These solutions enable close compliance with business standards, allowing for speedier task completion, and are far less expensive than in-house applications. Companies might save up to $4.4 million if they do not hire two IT developers. These organizations just need to invest half of this amount in no-code/low-code solutions.

04. Application Governance

Many IT teams devote a significant amount of effort to apply and data governance operations like security certifications, continuous upgrades, performance measurements, and compliance audits. A low-code/no-code platform allows IT and DevOps teams to manage a portfolio of apps more efficiently while maintaining complete compliance and governance capabilities. Thereby, it decreases reliance on third-party apps for quick fixes and facilitates a collaborative work environment. Eliminating data, process, and security weaknesses aid in eliminating shadow IT and promotes a consistent modeling environment for tech startups!

05. Enhancing customer retention

Customers today expect startups and businesses to provide the same experiences they have come to expect from consumer apps. Low-code/No-code integration helps startups to link with various services more quickly, delivering a uniform omnichannel experience.

The Bottom Line – Low-code/No-coding tool of the future

The coronavirus pandemic has accelerated the use of low-code/no-code systems. Companies that used a low-code/no-code platform adapted to the new problems of remote operation much faster than those that did not. As a result, numerous software businesses focused on business processes or workflow apps, online and mobile front ends, and customer-facing applications are adopting this notion.