In 2020, app downloads increased 7% worldwide, according to the research, and app spending by users increased 20% to $143 million. This increase in the use of applications has meant that companies make a greater investment in them for their development and no-code app builder has become a viable option for companies.
According to the stats, it is growing at a rate of over 20% per year. In this way, in 2021, the world market for this technology reached 13,800 million dollars in revenue and it is expected that by 2023, no-code will be adopted by more than 50% of medium and large companies.
Although the application of no-code will be generalized in a wide range of industries, its impact will be transcendental in the development of applications. This is emphasized by Gartner, which expects that by 2025, 70% of new applications developed by companies will use no-code or no-code technologies, compared to less than 25% in 2020. In this sense we highlight the 5 main benefits of using no-code for application development.
Faster delivery of the final product.
The development of an application with no-code technology speeds up and simplifies its creation. The stats confirm that this technology reduces implementation time by between 50% and 90% depending on each case. By using graphical and declarative technologies instead of programming, applications can be built in a few days or even hours as the most tedious and time-consuming part, the programming effort, is removed from the build phase. Assuming a reduction in development time since the database model, business logic and user interface are modeled instead of programmed, which therefore saves time and costs.
Constant product improvement.
In the changing technological environment in which we find ourselves, applications must be updated periodically, and this is where no-code development platforms come into play, which, using very little code, and based on already created modules, allow us to improve, change and update an application. This means a high percentage of code reuse that allows the application to be kept up to date at all times, reducing implementation times for new features while lowering application maintenance costs.
Less need for specific profiles.
No-code enables business users with little formal coding experience, such as business analysts or project managers, to develop applications, alleviating the need for traditional application developers. Essential in today’s tech talent shortage landscape. According to data from the UGT, Spain is only generating 56,000 technological experts per school year, compared to the 173,000 positions needed to cover the demand of the media sector according to the Digital Compass of the European Union. The use of no-code will allow companies to create applications in these cases, without the need for a person specialized in their development.
Reduction of development costs.
The reduced need for specialized profiles, in addition to the reduction in development and implementation times and the reuse of code, lead to lower application production costs with easy to use app builder. This is supported by data from Barcelona Digital Talent, which estimates that the application of this technology in the development of applications reduces costs by up to 70%. As companies begin to use this technology in application development, they will be able to become more competitive in the market by offering higher quality applications at a lower price.
Adaptability to each sector.
The easy adaptation of this technology to each sector is one of its main strengths. So much so that according to data from Statista, global demand for no-code technology increased by 23% between 2020 and 2021, a growth much more pronounced than that obtained by information technology, of 6%. And this is due to the fact that no-code allows rapid development with basic functionalities, to later evolve and perfect the applications according to the needs of the market and each company.