The main theme behind this phenomenon is the new expectations and demands of customers who want convenient and instant digital solutions to solve various aspects of their daily lives. Martín Migoya explains why his company acquired GeneXus.
June 30, 2022 15.52.16
The demand for applications is growing, in a scenario where organizations are forced to respond dynamically. And specifically with Low code platforms Application development (mainly apps, mobile phones, websites and SaaS products) and functional integration is possible faster with smaller teams and lower budgets.
These platforms allow Citizen developers Collaborate in creating tools for the companies in which they work. It makes it possible for people with specific jobs to guide the development of the tools they want and need explanation fromAction point.
astudyCounsellor’s speech Gartner prev this for 2025, 70% Of the new applications developed by organizations using low-code or no-code technologies, for less than 25% in 2020. According to the report,The emergence of low-code application platformsIt is driving the growing citizen development, particularly the role of business technologists who report outside IT departments and build technology or analytical capabilities for internal or external use.
In 2021, the global market for low-code development platforms is evaluated7.61 billion dollars. It is projected that in 2027 it will exceed US$36 billion, registering a compound annual growth rate of nearly 30% between 2022 and 2027.
Low code facilitates faster time to market and drives digital transformation. Collaborate to improve user experiences, automate processes, and modernize major systems. Although these platforms require some understanding of how to program, they greatly reduce the time and effort required to create new applications.
Mainly because they use drag-and-drop graphical user interfaces, which facilitates the development process. This enables organizations to respond more quickly to changing market conditions. It gives them more capabilities to innovate.
Today, low code has an increasing dominance of the software industry. Companies have increased their adoption to deepen their digital transformation, improve their competitive advantage and continue the process of integrating digital technologies.
Low codes are used today to develop different types of customer-facing applications (for example, they allow you to create customizable websites for multiple devices from a single platform). They are also used to help improve core business functions (such as financial data processing, various human resource operations, and marketing automation activities).
The GeneXus and Globant case
This is the importance of low-code platforms that, for example, recentlyworldwideAnd the Unicorn from Argentina dedicated to innovation and software development, announced the purchase of ginxus.
Thanks to this acquisition, she now has a low-code development platform in her portfolio that is used by more than 1,700 organizations in Latin America and Asiawhich contains artificial intelligence features and an easy interface to create, develop and maintain digital solutions for all types of devices.
Low-code platforms are reinventing business and industry by enabling organizations to build new applications and solutions faster. He stressed that this is critical in this era where technology is evolving to meet the expectations of end users. Martn Migoya, CEO and co-founder of Globant.
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