On June 3, Chinese enterprise management software provider Yonyou plans to acquire low-code startup APICloud for 151 million yuan. After the equity transfer is completed, Yonyou plans to increase capital to APICloud with 79 million yuan.
With this acquisition, Yonyou aims to integrate the low code technology of APICloud into Yonbip product matrix, deeply empower the developer ecology, better integrate the “low code platform + ecological resources”, jointly improve the flexibility and convenience of application development for enterprise customers, and accelerate the strategic plan of enterprise digital intelligence.
Founded in 1998, Yonyou is one of the largest enterprise management software service providers in China. In recent years, due to the cloud oriented transformation and development of Yonyou, YonBuilder, a low-code platform based on its business innovation platform Yonbip, was launched in September 2020.
On the other hand, APICloud, founded in January 2014, is an original low-code development platform with mature developer ecology. It also released its low-code development platform Plus Mode in 2019. As of the date of the acquisition, APICloud has completed two rounds of financing, including RMB 100 million Series B financing in 2018.
Through the way of investment and acquisition, Yonyou makes up for the deficiency, strengthens the ability of low code ecological layout, and enhances its market competitiveness in the field of low code. After all, BAT giants have already launched their own low code platform and built their own low code ecology.
BAT successively launched low-code platforms to extend the cloud platform ecology
In 2020, Aliyun launched the “suitable” low-code platform to provide good support for the logistics support of anti-epidemic during the epidemic.
In 2020, Tencent cloud officially launched the “cloud development” low code platform, and become the largest domestic Serverless development platform.
In 2021, Baidu Intelligent Cloud launched the “Aisu” low code development platform, which supports enterprises to quickly build forms, MIS, CRM, OA and other intelligent, operation and maintenance free enterprise SaaS systems and project applications.
In addition to playing on their own, the BAT bosses are also hooking up with others to build a low-code ecosystem.
On May 14 this year, Tencent Cloud announced its cooperation with Siemens to deeply connect Mendix low-code platform and Tencent Qianfan “Enterprise Application Connecator” with IDaS and IpaaS capabilities, providing one-stop application development experience and SaaS cloud services.
Then on May 29, Staples officially released the first low code development and aggregation platform in China — “Staples” low code application square, which is the road to low code ecological construction.
In addition, Kingdee, Inspur, Huawei and other traditional IT giants have also entered the low-code field. With the influx of head players, the low-code track will become more crowded.
Head manufacturers take the initiative to enter the low code situation, and extend the construction of low code ecological platform, enough to prove that the development potential of low code is huge, and won the recognition of head manufacturers. Head manufacturers, after all, don’t do it for nothing.
The low code market will grow at more than 50%
Now most of the head manufacturers profit growth force is tired, in urgent need of a new source of power, to promote the development of enterprises to the next level, and the low code as the enterprise to inject a dose of heart, to provide growth acceleration for the big factory.
From 2018 to 2019, China ushered in the explosive growth of the low-code industry, and the growth rate of the market size was more than 100% in two years. Even if affected by the epidemic, the market size of low-code industry will reach 1.59 billion in 2020, with a growth rate of 80.2%.
According to the prediction of relevant institutions, in the next five years, with the maturity of low code technology and the accumulation of industry experience, more and more application scenarios will be mined, and the addition of cloud manufacturers, the industry as a whole will still maintain a compound growth of more than 50%.
In 2025, China’s low-code market size will reach 13.1 billion yuan.
Low code into our country not long ago, so the overall market in the blank stage; Second, the urgent need for the digital transformation of the enterprise becomes the engine, driving the development of low code into the huge blank market; And most importantly, in recent years, the low code market has shown explosive growth, so this piece of fat, the head of the manufacturer naturally will not miss. With the resources and advantages of the leading manufacturer, it is not a big problem to become the “one party hegemon” in the low code market. If it can capture a large share of the market, low code will become another growth force for the top vendors to take a big step forward.
Conclusion:
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