- The rise of no-code and low-code tools is reshaping the software development landscape.
- E-commerce companies are turning to low-code and no-code solutions for cost-effective management.
- The growing market for no-code and low-code tools, is projected to reach $187 billion by 2030.
An increasing number of companies are adapting no-code and low-code tools. But why? These tools help them serve their customers better with software solutions. As per statistics from Garner, more than 65% of application development will be through low-code. So, there is no wonder why demand for the low-code and no-code industry is on the rise.
In the post-COVID era, e-commerce companies are struggling more than ever before with the rise in competition. The struggle for survival has led to a surge in interest and adoption of no-code and low-code tools, These tools offer cost-effective solutions for effective management especially, within the e-commerce landscape.
Keep reading to understand the role of low code and no code industry in the e-commerce ecosystem.
What is low-code industry?
Low code industry refers to a sector within the software development landscape that creates applications with less manual effort. It offers blocks of build programs with a drag-and-drop and visual interface. This helps anyone to use the software without any or much technical knowledge.
Role of low code and no code in e-commerce industry
Undoubtedly, the e-commerce industry is witnessing a major change due to the rise of no-code and low-code tools. Here’s how low code tools are changing the destiny of the e-commerce sector:
Improved user experience
Customers are attracted to user-friendly and simple applications. Low-code tools allow users to access the features of the application without much technical knowledge. It focuses on creating a simple drag-and-drop interface to simplify usage.
For example, low-code and no-code platforms help in optimizing the checkout process in e-commerce. By simplifying and speeding up the process, customers are less likely to abandon their purchases. This results in increased conversions and a more positive customer experience.
Traditionally, e-commerce businesses relied upon IT companies for software development and operation. But, the emergence of low-code tools has lowered the dependence. Companies could now create their own customized software with a small team of software developers. The cost of the process of software development and operations falls down with a reduction in the number of people involved in the process.
Software development is often considered the most challenging phase of an e-commerce business. As per stats, the adoption of no-code and low-code tools is expected to reduce the time required for the software development process by 90%. It uses fewer resources enabling businesses to execute their plans faster than ever.
Lesser need for Technical Knowledge
The main highlight of using low-code platforms is that anyone can operate them without much technical knowledge. It helps to cut off the business’ dependence on software companies for the effective running of the software. This enables companies to make necessary changes to the software in the future easily without solely relying on a software company.
One of the main reasons why low code platform demand is rising among e-commerce businesses is its capability to automate routine and repeated processes. This grants e-commerce businesses the opportunity to automate their workflows, integrate data sources seamlessly, and create real-time analytics. For example, low-code software helps a business to automate the order management process from payment verification to delivery.
With the appropriate platform, retailers can optimize their operations and effectively use their data.
Is low-code or no-code the future of retail and e-commerce industry?
As per Globe Newswire, the market of low-code and no-code industry is expected to shoot up to $187 billion by 2030, rising from $10 billion in 2019. This shows that the popularity of low-code tools is rapidly growing.
These innovative approaches to software development offer several advantages that align with the dynamic and competitive nature of the retail sector. For example, with the help of no-code and low-code tools, e-commerce organizations could reduce their costs effectively rather than relying on a giant software company.
To keep up with the constantly evolving retail and e-commerce industry, businesses need to adopt low-code or no-code development platforms to stay ahead of the competition. So, there is no doubt that low-code and no-code platforms are all set to capture the e-commerce business market.
While the adoption of low-code and no-code apps holds immense potential for revolutionizing the retail and e-commerce landscape, it demands a careful and strategic approach. Only a professional low-code software development company can provide the expertise needed to face the challenges of these technologies, mitigating the risks of potential setbacks.
Contact us now to get started with a low-code or no-code software solution.