2021 Low-code Industry Report

Source:iResearchApril 21,20212:56 PM Overview Low-code Development Research Scope

Focus on independent low-code development platforms and analyze related concepts and components.

Low code development refers to a solution that uses APaaS products to reduce or eliminate the demand for native code writing for application development by providing developers with a visual application development environment, thereby building applications conveniently. Therefore, low-code platforms are often referred to as APaaS platforms.

In a broad sense, the low-code concept covers all the application processes and services that can complete code integration and reduce code development. However, in a narrow sense, low code development refers to independent development platforms that can build simple applications and complex enterprise-level applications using a small amount of code or no code through a visual interface.

This report focuses on independent low-code development platforms. It also covers analysis on concepts related to low-code, such as APaaS, no-code and BPM. Process engines, data analysis engines, and other components.

Low-code Application Scenarios-from the Perspective of Application Type

Meet the demands of enterprises’ personalized scenarios. The segmented application of SMEs may become popular in industry application scenarios

As a software development tool, low code covers different application scenarios in many industries such as manufacturing, finance, healthcare, real estate, retail, catering, and aviation. According to the types and complexity of scenarios, there are 4 application categories, which are general business scenario, comprehensive enterprise management system, individualized enterprise scenario application, and SME segment application scenario. General scenarios can realize cross-domain and cross-enterprise applications, meeting the needs of common enterprise scenarios. The comprehensive management system is usually used for the entire internal management of large and medium-sized enterprises. It is an enterprise-level application with complex scenarios. Customized solutions are usually provided through low-code platforms according to enterprises' needs. Different from a comprehensive management system, enterprise personalized application can serve the personalized scenarios of various types of enterprises, and focus on different aspects according to enterprise types and industry attributes. The segmented application scenarios of SMEs may become popular in industry application scenarios.

Low-code Application Scenarios-from the Perspective of the Terminal 

Low-code development can cover most enterprise application scenarios, but need to be supplemented with plugins in some vertical fields.

The coverage of low-code development in different types of companies varies. Low-code development can be used for over 95% of SMEs' application scenarios since they are not complicated and have simple business processes. The highly flexible low-code products can promote the expansion of enterprise application functions, adapt to the frequent function iteration requirements in the rapid development of SMEs, which can facilitate the quick application of innovation. 70% of large and medium-sized enterprises’ application scenarios can use low-code development. When building a new system, large and medium-sized enterprises usually need to connect the information of the original system, or carry out secondary development of the original system. The logical design and structure are complicated. Low-code development platforms have many scenario application modules and industry plug-ins, which can help large and medium-sized enterprises build personalized applications and access internal data. In vertical application scenarios such as audio and video, and instant messaging, plug-ins are needed to supplement low-code development. The coverage ratio is about 50%. Currently, low-code functions can cover about 50% of the vertical application scenarios.





Contents

Low code development refers to a solution that uses APaaS products to reduce or eliminate the demand for native code writing in application development by providing developers with a visual application development environment, thereby building applications conveniently. Therefore, low-code platforms are often referred to as APaaS platforms.
As a software development tool, low code development covers different application scenarios in many industries such as manufacturing, finance, healthcare, real estate, retail, catering, and aviation. According to the scenarios’ types and complexity, there are 4 application categories, which are general business scenario, comprehensive enterprise management system, individualized enterprise scenario application, and SME segment application scenario.
From the customers’ perspective, on the premise of meeting demands and product functions, the applications of large and medium-sized enterprises are more diversified and complicated. Since they usually use low-code platforms as long-term development tools, their trust in the vendors plays a very important role. Subject to their development, SMEs attach more importance to product cost performance than brands.
In 2020, the market size of China's low-code industry was 1.59 billion yuan. Influenced by the fast growth in the previous two years and the Covid-19 pandemic, the growth rate fell to 80.2%. In the next 5 years, with the maturing low-code technologies and the accumulation of industry experience, more and more application scenarios will be explored. With the join of cloud companies, the compound growth rate of the industry is going to exceed 50%.
1. Improved flexibility and ease of use: In the future, with increasing types of engines and number of delivered modules, the low-code vendors will pay more attention to the completeness and customization capabilities of the low-code platforms, and improve the low-code products' flexibility and ease of use. 2.Acquire high-level capabilities: With the popularization of RPA and AI technologies, more pan-automation and intelligence capabilities will be used in enterprise application, achieving the ability of providing customers with integrated services. 3. Intensified competition: The competition among general vendors will become fiercer and the industry concentration will increase.

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