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Industry Landscape
The no-code/low-code industry is experiencing rapid growth, driven by the increasing demand for faster and more cost-effective software development. It democratizes app creation, enabling businesses to quickly build and iterate solutions without extensive coding. This shift is reshaping traditional IT and fostering innovation across various sectors.
Total Assets Under Management (AUM)
Market Size in United States
~30.4 billion USD
(29.9% CAGR)
- Driven by increasing demand for rapid application development.
- Adoption by both IT and business users.
- Expansion into diverse industry verticals.
Total Addressable Market
30.4 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for App Creation
Generative AI will enable even faster, more intuitive app design and development by automating code generation and UI/UX prototyping based on natural language prompts.
Hyperautomation with AI
The integration of AI-powered hyperautomation will allow for more sophisticated and intelligent business processes, extending beyond simple task automation to complex decision-making and optimization.
Composable Architecture
Increased adoption of composable architecture will promote modularity and reusability of no-code components, leading to more flexible and scalable applications.
Impactful Policy Frameworks
California Consumer Privacy Act (CCPA) Amendments (CPRA) 2023
The California Privacy Rights Act (CPRA), effective January 1, 2023, expands upon the CCPA, granting consumers more control over their personal data and establishing the California Privacy Protection Agency (CPPA) for enforcement.
LowCode Agency must ensure all applications developed for US clients, especially those serving California residents, are designed with enhanced data privacy features, robust consent mechanisms, and clear data handling policies to avoid penalties.
NIST AI Risk Management Framework (AI RMF 1.0) 2023
The National Institute of Standards and Technology (NIST) released its AI Risk Management Framework in January 2023, providing voluntary guidance for organizations to manage risks associated with AI, including bias, privacy, and security.
LowCode Agency will need to integrate AI RMF principles into their AI solution development processes, ensuring responsible and ethical AI system design for clients, mitigating potential legal and reputational risks.
Executive Order on Improving the Nation's Cybersecurity (EO 14028) 2021
Issued in May 2021, this Executive Order mandates various cybersecurity improvements for federal agencies and their software supply chains, emphasizing secure software development and transparency.
While primarily focused on federal contracts, this EO sets a precedent for secure software development practices that LowCode Agency should adopt, especially when building applications that might interact with or be adopted by clients with government ties or high security requirements, potentially increasing development costs for enhanced security features.
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