In mid-2021, HFS partnered with Infosys to survey 150 professionals involved in adopting low-code and no-code solutions. Five themes emerged indicating how successful enterprises can adopt low-code solutions:
- A “need for speed” is accelerating low-code adoption. Ninety-five percent (95%) of enterprises surveyed have either adopted or are trialing low-code or no-code solutions. The need to respond and develop quickly for changing business needs is the primary demand driver.
- IT spending on low-code development is likely to double in the next three years. In the next three years, investments in low-code development platforms will grow from less than 10% to nearly 25% of software budgets. Spending will shift from Microsoft, Oracle, Salesforce, and SAP to firms like Appian, Agilepoint, Kintone, Unqork, and Betty Blocks.
- The “no code” in low-code/no-code is a misnomer. While low-code adoption is about simplicity, it still requires investments in training. Among decision makers for investment in low-code development, 62% cited training as the most significant adoption inhibitor.
- A OneOffice mindset is a critical success factor to drive low-code success. In addition, low-code development requires strong IT and business collaboration. From an investment perspective, software teams drive 62% of low-code investments.
- Low-code adoption is a driver, not a death knell, for IT services. However, services partners must bring business and design skills to support adoption. Enterprises expect partners to play an essential role in the adoption of low Code; these include business consulting (79%), software development (76%), and data management strategies (69%).