At $13.8 Bn in 2021, the global Low Code Development Industry is expected to grow at a CAGR of 28.1% from 2021-2025.
The software industry has witnessed a spike in digital transformation post the pandemic starting from Waterfall to Agile Development Methodology to Low Code No Code (LCNC). This joint report by Nagarro and NASSCOM, reveals that growth opportunities for LCNC providers are immense. Global markets continue to drive a larger share of revenues with 80% of the respondents surveyed reporting 150% - 200% growth in FY21 revenues from global customers. Retailers and manufacturers are the key emerging segments.
Adopters of LCNC have witnessed a 3X-7X reduction in development & deployment time, a 3X-5X reduction in development costs, and a 30%-35% increase in ROI.
Download this report (derived through a survey of 60+ LCNC adopters, providers, and implementers) to gain more insights into:
The global and Indian LCNC MarketsLearn about the global growth of this segment and India's role
Growth opportunities and key inhibitorsUnderstand the solution with sample input data
Recommendations and case studiesLearn how building awareness on LCNC is critical for pushing its adoption across sectors and success stories