The U.S. Department of Labor estimates that by 2030, there could be a global shortage of 85.2 million software engineers. Shockingly, more than four out of five businesses are struggling to attract or retain software developers or engineers. As a result, many companies are turning to low-code and no-code tools to reduce the need for hiring additional IT developers.
According to Gartner, the low-code development technology market is expected to grow to $44.5 billion by 2026, with a compound annual growth rate of 19 percent.