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Why Your Business Needs Low-Code Development Solutions

Why Your Business Needs Low-Code Development Solutions

March 25, 2024
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8 min read
Business
By
Artem Barmin
Co-Founder
Simon Shcherbak
Business Analyst

In 2022, the low-code market reached $22.5 billion, expected to grow continuously, exceeding $94 billion by 2028. And while 60% of the apps are now built outside the IT departments, even software engineers rely on low-code solutions. According to Gartner, the number of adopters among IT professionals is supposed to surpass 80% in 2026, up from 60% in 2020. Forrester expects low-code development to make up for 65% of all software development efforts by 2024. Unsurprisingly, low-code solutions are gaining favor with investors and boosting their valuations. For instance, Canva will earn $1.4 billion investment to help the company offer enterprise-level services, and its valuation jumped from $26 to $38 billion.

Low-code vs. no-code

No-code development requires zero lines of code and no technical expertise. Citizen developers or enterprise power users can make most of the no-code platforms to create simple, standardized solutions for their daily problems. With no coding, there's little to no chance of customization or complex features.

Low-code development relies on the same visual modeling principle and drag-and-drop interface as no-code platforms but introduces increased flexibility thanks to coding capabilities. While low-code platforms may seem a bit overcrowded with features for citizen developers, IT professionals can successfully use them to speed up the development process.

Despite their differences, these two categories are getting increasingly connected. No-code platforms offer coding capabilities, while low-code solutions reduce the amount of coding necessary. Considering their broad capabilities and user pool, let's focus on low-code platforms for this overview.

The low-code development process

Don't think low-code software means developers are no longer necessary. Think of it as the next step to the development automation that takes care of all the routine, mundane tasks and frees up the engineers' time for creative and complex tasks that give the finished product that much-needed oomph.

Let's compare the low-code development process to the traditional workflow, and you'll instantly see the advantages.

<medium>Low-code development:<medium>

1. Specify system requirements
2. Select third-party APIs
3. Create UIs, data models, workflows
4. Connect the chosen APIs
5. Customize the app with hand-written code
6. Test and collect user feedback
7. Deploy to production
8. Support via regular updates

<medium>Traditional development:<medium>

1. Specify system requirements
2. Devise app's architecture
3. Select technology stack, third-party APIs
4. Design wireframes and prototypes
5. Code the user interface
6. Write the failing tests
7. Define the models and connect them to data stores
8. Define and code the business logic
9. Create views to provide and receive JSON data from front-end
10. Implement the UI and workflow
11. Connect the chosen APIs
12. Test until the success criteria are met
13. Deploy to production
14. Maintain via regular updates

As you can see, the traditional development process is twice as long, and the majority of steps require manual input by software engineers. While their efforts are crucial at the decision-making stage, the routine tasks can and should be taken care of by low-code solutions.

Low-code/no-code platforms features & capabilities

benefits of low code platform

Low-code development might not replace a team of full-stack software engineers for now, but it can greatly assist in their efforts and bring multiple benefits to the table. Let's review just how much you win by implementing a low-code/no-code approach:

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What apps can you create with low-code?

The beauty of low-code is that you can do almost anything an IT vendor may offer. Startups, SMBs, and enterprises usually rely on low-code platforms to develop:

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The great future of low-code development

Low-code development is not just about the drag-and-drop interface. It's an unstoppable shift in the way we create business and consumer applications, and it is bound to gain even more traction in the coming years. Low-code development comes with multiple benefits you can reap by selecting the most suitable application platform and taking your business into the digital age, empowering every employee to create internal and customer-facing apps. Low code is about getting things done better, faster, and cheaper!

low code no code trends

Frequently asked questions

What Is the Best Low-code Tool?

As we've discussed above, every low-code platform has its benefits, so there's no one-size-fits-all solution. Consider your needs and use cases, IT expertise, and budget before settling on one. And if you have no idea where to begin, Freshcode Portal is a great starting point.

How Does Low-code Affect Digital Transformation?

Low-code development is an invaluable asset for your digital transformation efforts. Empowering your employees to create internal apps is bound to improve efficiency, reduce the number of mistakes, and ultimately enhance customer experience leading to profit growth.

How to Build an App Without Code?

First, you'll need a good idea of what you want the app to do. Then, choose a no-code/low-code platform and use the lessons and tutorials to learn your way around. Use the drag-and-drop interface to build the functionality and deploy the finished product. It may take you at least a couple of weeks to learn the ins and outs of the platform and complete your project.

What Value Does Low-code & No-code Bring to the Business?

It's challenging to quantify the business value, as there are plenty of things you can gain by implementing low-code development. The time and money savings on developing new products are obvious. However, you will enjoy the overall increased efficiency and improved communication among the employees. Lower expenses, new revenue streams, and even increased creativity among the software engineers may also be the side effects of low-code adoption.

Any questions please reach out via LinkedIn, or fill the form on our website to get a free consultation.

Author
linkedin
Artem Barmin
Co-Founder

12 years in software development. Co-founder of IT agency and EdTech company.

linkedin
Simon Shcherbak
Business Analyst

With six years at Freshcode, Simon adeptly transforms business needs into clear technical solutions. He partners with stakeholders to ensure IT projects meet strategic objectives.

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