The article discusses the rise of low-code and no-code development tools, emphasizing their benefits such as faster application development, lower costs, and increased agility. However, it also highlights the challenges organizations may face when adopting these platforms, including losing flexibility, security risks, and vendor lock-in. Insights from tech leaders reveal that while these tools can democratize software development, reliance on predefined templates can limit depth and scalability. With the low-code market projected to grow significantly, understanding both advantages and pitfalls is crucial for tech leaders in guiding their organizations through this transition.
Low code/no code platforms typically provide a set of predefined templates and components that make it easier for business users to develop simple apps quickly, however, these templates often lack the depth and flexibility needed for complex applications.
The global low-code development platform market will expand at a compound annual growth rate of about 23 percent from 2023 to 2030, driven by the demand for quick solutions and more streamlined business processes.
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