We explore a low-code/no-code market poised for exponential growth in the coming years. - cc: lowcode lowcode code lowcode nocode
tools. By offering turnkey solutions for automation and developing applications without requiring coding skills, no-code and low-code tools are booming. We explore a market poised for exponential growth in the coming years.48% of the low-code / no-code market's growth between 2022 and 2026In 2021, US companies accounted for 85.
the market for these platforms should generate nearly $251 billion worldwide by the end of the decadeSources: GlobeNewswire, Statista$225.9 million raised in Canada in 2021 in the low-code / no-code industry North American companies are at the edge of low-code / no-code innovation. This is what appears when looking at the funds raised in the world in 2021. The numbers show that:the only US companies account for 85.6% of the money raisedCanada is the second country with the second most funding raised in the low-code / no-code industry: $225.9 millionEuropean Union companies have raised a total amount of $301.
The booming development of no-code tools in recent years has made more corporate departments dependent on them. According to a report published by Zapier, 8 core corporate departments are now more than 50% dependent on no-code tools, particularly:
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