target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: Market Forecast - Doc Document number: # US49528022
Worldwide Low-Code, No-Code, and Intelligent Developer Technologies Forecast, 2022–2026
This IDC study presents a five-year forecast based on the assumptions represented in the Worldwide Black Book: Live Edition (November 2022). These forecasts account for events, market conditions, and other macroeconomic inputs through October 2022. We will continue to monitor changes in macroeconomic conditions and reflect these changes in future forecasts. The forecast also reflects updates made to IDC's Software Tracker in November 2022.
According to Michele Rosen, research manager, Low-Code, No-Code, and Intelligent Developer Technologies, IDC, "The worldwide LCNCIDT software tools market saw double-digit growth in 2021, with worldwide revenue totaling $9.3 billion. Despite expectations of slower growth in 2023 due to worldwide market conditions, this market is forecast to more than double in size by 2026."