According to Forrester Research, the global low-code development landscape is slated to touch USD 21.2 billion by 2022. According to another study published by Markets and Markets, the low-code market is slated to touch USD 52.3 billion by 2024.
These are, of course, top-down numbers created by leaders in the market research industry.
But, if we were to analyze this bottom-up, what is causing this boom? Why low-code? Why now?
Any explanation revolves around three key macro trends we’re witnessing first-hand in Indium Software. Our team has over the last two years built deep expertise in the latest digital transformation tools and processes, helping many clients in the US and Europe with their digital transformation efforts.
The point is organizations have to keep up with the rapid pace of disruption. Low-code Platforms where software applications and mobile apps on the cloud can be built with “drag-and-drop” interfaces and quick integrations. This is not to say developers of low-code platforms like Mendix are not experts. They certainly are. They understand the underlying architecture and systems needed to build an application. They understand the business process and underlying strategic need.
But low-code allows them to build microservices where they don’t have to spend time reinventing existing code.
At Indium, we’ve noticed that low-code applications work well, specifically, in three contexts:
The benefits of cloud-based software has become extremely clear for CIOs and technology leaders around the world. The key benefits of using a cloud-based automation process is that these software products are scalable and flexible. Cloud-based products are also designed to be highly secure, especially with the ability to deploy security-related bug fixes in one-shot. Modern cloud-based products are also easy to maintain, upgrade and customize, with the added benefits of low cap-ex.
With low-code platforms like Mendix, enterprises get the ability to create apps in a single go for all devices. Additionally, Mendix allows the enterprise to:
The biggest trend of all is that low-code allows for business and functional heads to notice a bottleneck in a process and commision software to be built to make a process more efficient. A product requirement document can then be sent to a partner like Indium Software to build the application on a platform like Mendix. It does eliminate the need for elaborate and complex IT product outsourcing documentation, CIO approval and large budgets, so to speak.
It simplifies the entire lifecycle of a new application – from a key business need to an application that just works.
Indium Software’s Digital Leadership Team can spearhead the process of advising business and functional heads on the right approach to digital transformation, whether the application can be built on a platform like Mendix, and even possibly allow the client to visually modify the app using drag and drop.
At Indium Software, we’ve worked on numerous Mendix implementations, working closely with enterprise leaders in rapidly deploying new applications they need in record time.
Please download a case study of a recent Mendix project we worked on for the global digital real estate industry: Mendix Application Development for Digital Real Estate Business
By Uma Raj
By Uma Raj
By Abishek Balakumar