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jbsurveyer
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levels of venture capital used for low-code or no-code tools in 2019 to 2024

Answer

According to the search results, the low-code and no-code market is expected to grow rapidly in the coming years. By 2024, 75% of enterprises will use at least four low-code platforms for citizen development initiatives and business application development. The low-code development market is expected to generate $187 billion by 2030, and low-code tools will be responsible for over 65% of application development by 2024. By 2025, organizations will build 70% of their new applications using low-code or no-code platforms. Most enterprises (80%) will have policies in place for citizen developers by 2024, according to Gartner. In 2021, the low-code platform market was valued at $7.61 billion, and it's projected to reach $36.43 billion by 2027. The market for low-code/no-code tools is expected to be worth $52 billion in 2024, according to a recent report from equity research firm RBC, citing P&S Intelligence. Gartner forecasts that low-code application platforms will account for 65% of all app development by 2024. This means the majority of apps created in 2024 will be developed using platforms and tools that provide turnkey ways to program.

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