Recently, a friend asked, “What’s the future of low code?” At that time, Xiaobian also seriously discussed with a friend. In view of this, today Xiaobian also combined with their own cognition of the low code industry, to talk about this topic.
First of all, I first positive answer this question: personally think it is still quite considerable. Why would I say that? I’m sure it’s not groundless nonsense. Here first take you to refer to the related research report on low code!
01, low code trend from abroad to the domestic
In June 2018, Outsystems, a low-code rapid app development platform, raised $360 million in funding from private equity firms KKR and Goldman Sachs, raising its market valuation to $1 billion. In August of that year, Siemens acquired Dutch low-code platform Mendix for $700 million. It is these two heavyweight capital injection, in the global scope set off a wave of low code wave.
The wind swept into the country. Recently, the foreview industry research institute released the “2021 China low code industry market status and investment and financing analysis” report, according to its data, in 2020, the domestic low code track 100 million yuan financing reached 13, but before the C round of financing accounted for as high as 78.6%, the market as a whole is in the early stage of development.
02. The market is expected to reach 13.1 billion yuan by 2025
A well-known domestic institution, iResearch Consulting, has released the Low Code Industry Research Report in 2021, which conducts an in-depth analysis on the size of China’s low code market. Under the impetus of digital transformation, COVID-19, economic recovery, etc., compared with 2020, the market size of China’s low code in 2021 has achieved a substantial increase and will reach 2.93 billion yuan; In 2022, the low code will continue to maintain the high-speed growth mode, and the market size will reach 4.37 billion yuan.
By 2025, with the maturity of low-code technologies and the accumulation of industry experience, more and more application scenarios will be explored, and the low-code market will reach 13.1 billion yuan and maintain a compound annual growth rate of 52.6%.
The above data is just the early stage of low code
According to industry experts revealed: called the current low code for the initial stage, and is not casually defined. It is based on the current situation of domestic development. At present, the domestic low code industry, whether compared with foreign countries, or the domestic industry’s own identity, can only reach the initial stage of the standard.
There are three reasons for this definition:
The first is overall focus
The focus and attention of the domestic media on the concept of low code is basically focused on this one or two years, and before that, the industry information is almost blank.
The second aspect is the vague perception of the concept of low code
At present, the public, media, enterprises and even within the industry have not unified their understanding and views on the concept of low code itself, the scope of application and the future trend, and there are huge differences.
The third aspect: is the current domestic low code application rate is low, the coverage is small
As a new situation of software development, low code has not been popularized at the domestic application level, and about its application scenarios, more still stay in the level of media discussion and communication, only a few enterprises in the industry in the specific analysis and practice.
04. What is the future of the low code industry?
It can be predicted that today, when the software industry supply is far behind the social demand, low code will not become a fleeting concept, but will become a long-term development trend as a new software development mode, bringing a huge impact on the software industry and the whole society. It remains to be seen where low code will lead the digital transformation.
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