by Enterprise software platform provider Mendix recently announced the results of its annual Low-Code survey that demonstrates a shift in the use of low-code applications. Specifically, 69% of 556 business and technology leaders surveyed in the US, UK, France, Germany and the Netherlands indicated that their use of low-code has gone from a crisis management technology during the pandemic to a core technology today.
In fact, one in nine respondents said that if they hadn’t used technology, including low-code, to adapt to rapidly changing circumstances in 2020 and 2021, their organization would have gone bankrupt. Ten percent said low-code has become the foundation of their business.
Low-code reaches new heights
The types of applications created with low-code are also evolving. About 40% of respondents said they now use low-code to build mission-critical solutions, especially enterprise software, productivity apps, and customer portals.
Surveyed organizations plan to use low-code more than traditional coding by 2024. A contributing factor is that most companies (87%) intend to further accelerate software development over the next two coming years.
More fundamentally, low-code has been embraced as an enabler of digital transformation, as it simplifies the digitization of internal and customer-facing processes.
For example, 63% of manufacturers have already used low-code or no-code to mitigate transportation, logistics, and supply chain issues. Banking, finance and insurance companies have used these methods to automate quotes and create easier digital buying processes.
Public sector organizations are lagging behind other industries in low-code adoption. Only 22% have implemented low-code, although 57% have started or are halfway through an implementation. More than half saw low-code improve identity authentication. Meanwhile, the retail industry is using low-code to enable hybrid commerce and curbside pickup.
The main barriers to adopting low-code are security and organizational complexity.
Methodology
The company interviewed business and technology leaders in the US, UK and EMEA across manufacturing, financial services, insurance, public/government and retail sectors .
Read Mendix’s full report.
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