Trend in low-code/no-code platforms in AI

The low-code development platform market will grow at a CAGR of 25.26 percent from 2022 to 2027

FREMONT, CA: According to Expert Market Research, the low-code development platform market will grow at a CAGR of 25.26 percent from 2022 to 2027, reaching a market valuation of USD 64.56 billion by 2026.  Fabrizio Biscotti, research vice president at Gartner stated that while low-code application development is not new, a confluence of digital disruptions, hyperautomation, and the rise of composable business has led to an influx of tools and increased demand.

According to Expert Market Research, the low-code development platform market will grow at a CAGR of 25.26 percent from 2022 to 2027, reaching a market valuation of USD 64.56 billion by 2026.  Fabrizio Biscotti, research vice president at Gartner stated that while low-code application development is not new, a confluence of digital disruptions, hyperautomation, and the rise of composable business has led to an influx of tools and increased demand.

Yes, marketers and analysts will profit from no-code/low-code technology, but experts believe that software engineers employing low-code/no-code tools will be the biggest DevOps trend in 2022. The vast majority of developers believe that such technologies will help them save time, reduce workload, and increase productivity, rather than making them obsolete.

According to an IDC research, 40% of low-code developers are full-time developers, while 33% are part-time developers. Developers, for example, are no longer defined by their coding skills but rather by their ability to create digital solutions.

However, low-code/no-code systems are still in their infancy. Even the most widely used tools necessitate extensive API knowledge and JavaScript competence. The functionality of items that do not require any coding is currently limited.

SAP has likewise joined the no-code/low-code bandwagon. Customers can use its solution to create apps and change SAP processes using drag-and-drop choices. They also intend to automate procedures in the departments of managing and finance. The company acquired AppGyver, a no-code platform, for their no-code development environment, and SAP released the Business Application Studio for low-code development.

AutoML, a no-code AI solution from Google, is also available. The developer's understanding of machine learning was assumed in the solution. AutoML is a feature-rich AI suite that allows users to train high-quality machine learning models for business applications.

Meanwhile, Microsoft offers a free desktop programme called Lobe that allows users to create unique AI models without having to code. Lobe, which is available for Windows and Mac, is great for picture classification.