Both IT and Business Process Management (BPM) companies make use of Microsoft’s Low-code No-code (LCNC) space. In the growing digitisation, there is growing demand for LCNC solutions. LCNC is a set of tools that enables developers to build applications in a visual drag-and-drop interface, including a complete user interface, integrations, data management and for Logic.
Microsoft has a power platform consisting of core components — Power BI, Power Apps, Power Automate. Power Apps is low-code tool using pre-built features, logic and workflow capabilities. BPM sector adopts LCNC solutions across automation and efficiency improvement. Power Platforms fetch a revenue exceeding $2 billion annually. In 2023, the low-code development market is projected to be $26.9 billion.
It has been predicted that manpower outside IT will account for 80 per cent of user base. They will be mostly citizen developers.