Needham, Massachusetts–(business wire) — The low-code, no-code, and intelligent developer technology (LCNCIDT) market continues to see strong demand from both professional and non-technical developers. A new forecast by International Data Corporation (IDC) shows a 5-year compound annual growth rate (CAGR) of 17.8% from 2021 to 2026, and in 2026, his global LNCCIDT revenue will exceed his 21 billion. increase to the dollar.
Companies are implementing LCNCIDT technology to improve developer productivity. This includes helping professional developers work faster by streamlining or eliminating aspects of the development process, or giving non-technical developers tools they can use to create or update digital solutions. You don’t need help by providing professional developer.
“The market for LCNCIDT technology is driven by a global shortage of full-time developers. It creates a strong market for technology that expands the pool of potential.”
LCNCIDT’s growth is driven in part by the adoption of cloud-native technologies as the organization pivots toward a digital-first world. Benefits of cloud-native software development include increased agility, lower hosting costs, faster time to market, and better user experience. However, this approach also comes with cost and operational management risks, especially if the organization does not have the necessary expertise in-house. Vendors with LCNCIDT developer tools that enable the transition and management of cloud-native software development, including cloud-native design tools, IDEs, and DevOps tools, can help organizations make this complex but necessary transition. have the opportunity to
Much of the functionality provided by low-code and no-code tools has benefited from cloud-based development, and many intelligent developer technologies rely on cloud-based services. As a result, much of his LNCCIDT revenue over the past few years has been generated from cloud-based deployments. IDC expects this trend to continue, with more than 75% of his market revenue generated by cloud deployments by 2026.
The competitive market for low-code, no-code, and intelligent developer technology includes products that enable professional developers to work faster by streamlining or eliminating aspects of the development process, as well as non-technical development. Includes products that expand the developer population by providing developers with a development interface. It abstracts away some or all of the knowledge required to code in a traditional development environment. The market consists of:
- Technology for low-code developersprovides visually guided developer tools, a drag-and-drop development interface, pre-built code components and templates, and tools for modeling and integrating processes and data to design and develop custom digital solutions. Accelerate and simplify. Low-code developer technologies include application development platforms, web development platforms, UI/UX components, and database-centric low-code application development platforms.
- Technology for no-code developers, provides visually-guided, model-driven, and/or AI-driven technologies that enable developers with no technical background to create software (apps, websites, etc.). No-code developer technology exposes developers to command-line code. No-code developer technologies include application development platforms, web development platforms, and UI/UX design tools.
- Intelligent developer technology, which leverages artificial intelligence and machine learning to accelerate software development or development of AI-powered digital solutions. Intelligent developer technology includes code autocompletion tools, AI development technology, conversational AI development tools and platforms, and test automation.
IDC report, Global Low-Code, No-Code and Intelligent Developer Tech Predictions, 2022-2026 (IDC #US49528022) presents five-year revenue projections for the worldwide low-code, no-code, and intelligent developer technology market. The report includes forecast details by market segment, deployment type (Public Cloud Service (Operated Distributor), Public Cloud Service (Own IP), and On-Premises/Other), and geographic region . This forecast is based on the events, market conditions, and macroeconomic assumptions presented in Worldwide Black Book: Live Edition (November 2022).
About IDC
International Data Corporation (IDC) is a leading global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology markets. With more than 1,300 analysts worldwide, IDC provides global, regional, and local expertise in technology, IT benchmarks and sourcing, and industry opportunities and trends in more than 110 countries. IDC’s analysis and insights help IT professionals, business executives, and the investment community make fact-based technology decisions and achieve critical business goals. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading technology media, data and marketing services company. For more information about IDC, please visit www.idc.com. Follow IDC on Twitter. @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
