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Analyst Opinions
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Codeless Tomorrow: Can Low-Code/No-Code Platforms Revolutionize Application Development in Digital Age?
Amidst a growing number of companies pouring millions into digital transformation for business resilience, especially after the lessons from the COVID-19 crisis, low-code, no-code (LCNC) platforms gain momentum to cut down lengthy development cycles to create new applications that meet immediate business needs. The technology is the new paradigm in application development that reduces or eliminates the need for coding. This report highlights the current state of play and the future potential of LCNC in multiple industries such as financial...
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Sector Analysis
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Application Development and Management Market Size (by Technology, Geography, Sector, and Size Band), Trends, Drivers and Challenges, Vendor Landscape, Opportunities and Forecast, 2019-2025
The total addressable market value for application development and management (ADM) in terms of enterprise spending opportunity reached US$232.9 billion in 2020 and is set to grow at a CAGR of approximately 3% over the forecast period. As businesses ensured continuity by adopting remote working and multi-functional service models, they realized the role IT and software tools can provide in managing business continuity during disruptive events. Many businesses had to quickly develop applications and tools which would ensure efficiency and...
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Thematic Analysis
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Tech Unicorns – Top 10 Themes in 2021 – Thematic Research
The term unicorn describes a rare, mythical creature, but unicorns (privately held companies worth $1bn or more) are no longer rare. There are currently 826 unicorns, of which 751 are tech unicorns. In early 2020, there was a pandemic-induced slowdown in new tech unicorn births. However, 2021 promises to be a record year, with 228 new tech unicorns created in H1 2021 alone. The US is home to half of the tech unicorns today, followed by China. The US hosts...
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