The worldwide market for low-code development technologies is projected to total $26.9 billion in 2023, an increase of 19.6% from 2022, according to the latest Gartner forecast. Learn more here. GartnerIT CIO LowCode
Business Technologists, Hyperautomation and Composability Will Drive Low-Code Technology Adoption Through 2026worldwide market for low-code development technologies is projected to total $26.9 billion in 2023, an increase of 19.6% from 2022, according to the latest forecast from Gartner, Inc. A rise inand a growing number of enterprise-wide hyperautomation and composable business initiatives will be the key drivers accelerating the adoption of low-code technologies through 2026.
“Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows,” said, Senior Market Research Specialist at Gartner. “Equipping both professional IT developers and non-IT personas — business technologists — with diverse low-code tools enables organizations to reach the level of digital competency and speed of delivery required for the modern agile environment.
Low-code application platforms are projected to be the largest component of the low-code development technology market, growing 25% to reach nearly $10 billion in 2023 .
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