For modern businesses in different industry verticals, the need for new technological solutions is at its peak.
Business Leaders are looking for ways to respond to change to achieve speed to market and empower businesses to create faster MVPs.

The goal is to enable the organization to build applications in a shorter period by involving non-technical business users in the application development lifecycle, who can convert their ideas into business applications. The modern, digital solution – Low code development is the answer business are looking for. This approach to application development allows a workforce with no or little technical expertise to create customized solutions using Newgen’s platform by creating a seamless integration between cloud platforms, applications, and services.

A low-code application development platform is a visual software development environment that empowers multiple developer personas. It uses visual development tools with drag-and-drop or point-and-click design capabilities, which abstract the code involved in application design and development, thereby providing a simple and intuitive development environment. Users can also jump into building their applications because these platforms eliminate typical coding processes like creating frameworks, modeling data, and developing user interfaces. It can help enterprises rapidly respond to evolving business needs and roll out applications with a shorter time to market.

Future of the low code development market

According to Gartner, the global demand for technology that allows hyper-automation will hit $596.6 billion in 2022, up 23% from the previous year. The research company anticipates a 54 percent increase in “process-agnostic” tools like robotics, low-code application platforms, and artificially intelligent applications like virtual assistants.

The global low code development platform market size was worth USD 16.3 billion in 2021. It is estimated to reach an expected value of USD 148.5 billion by 2030, growing at a CAGR of 27.8% during the forecast period (2022–2030). Also, according to Gartner, by 2025, 70% of new applications developed by enterprises will use low-code or no-code technologies, up from less than 25% in 2020.

With such strong stats around this market, the benefits a low code platform provides to enterprises are vast, ranging from enhanced user experience to cost reductions. Let’s look at some other benefits of adopting a low-code application development approach.

Benefits of using low code development

1. Customer satisfaction:

Customers have become tech-savvy and want their vendors to respond promptly to their growing needs. Low code platform helps in such a scenario by allowing organizations to rapidly adapt to the evolving needs of the customer and changing markets.

2. Enable IT for mission-critical tasks:

IT teams are burdened with many mundane tasks, such as system maintenance, compliance checks, and performance measurements. These recurring tasks can be automated through low code capabilities, empowering your IT team to handle more critical and dynamic processes.

3. Faster time to market:

Low code platform allows you to work with reusable components and drag-and-drop tools which can help reduce application development duration. This enables enterprises to involve all the stakeholders in the development lifecycle to quickly bring their applications to market and promptly incorporate any required changes.

4. Enhance IT governance:

Shadow IT is one of the most significant areas of concern and can result in sensitive data leaks for enterprises. Low-code platforms can handle shadow IT by reducing dependency on third-party applications. Low code boosts IT governance by ensuring a collaboration-driven work environment.

How to Choose an Ideal Low-Code Platform?

Every business has its own unique set of requirements and challenges, making it even more essential to choose the right low code platform that aligns best with the business needs and organization’s vision. But given the number of low-code platforms available in the market, this decision can become challenging.

Below are five core features that you must consider while evaluating a low-code platform:

Visual Development Tools with Intuitive UI

A platform should have a visual, guided, and declarative interface with a drag-and-drop tool; it should be easy to use and allow you to deploy robust full-stack applications quickly.

Intelligent Automation

The platform should leverage artificial intelligence (AI) and machine learning to analyze data trends and predict the impact of strategic and tactical changes. This can help to automate simple to complex applications

On-demand Scalability

The platform should be able to handle on-demand scaling requirements for mission-critical business applications.

Effortless Application Deployment Options

The platform should be able to provide intelligent cloud, on-prem and hybrid deployment options. Additionally, DevOps tools can help streamline application development while delivering features, bug fixes, and timely updates.

Connected Operations

It is important to ensure that the business applications are providing a unified view of content thus, the platform should be able to facilitate seamless integration with external data sources and legacy systems using SOAP web services, REST APIs, and ready-to-use integration adaptors.