In the ever-evolving landscape of enterprise technology, seizing the opportunities presented by modernization is paramount. Recent projections from industry leaders like Gartner and Forrester illuminate the critical role of Low-Code Application Platforms in driving digital transformation forward.

Key Insights from Gartner and Forrester:

• Strategic Vision Imperative: By 2025, Gartner predicts that over 65% of medium to large enterprises will have integrated Low-Code Application Platforms into their strategic frameworks, recognizing their pivotal role in boosting agility and innovation. Forrester foresees that businesses adopting Low-Code Development Platforms will see a 50% reduction in application development costs.
• Budget Allocation: With global IT spending expected to reach $4.2 trillion by 2025, the allocation for Legacy Modernization is set to rise to approximately $700 billion (Gartner). Concurrently, Enterprise Software expenditures are projected to surge to $1 trillion, indicating a steadfast commitment to digital transformation initiatives. Forrester forecasts that spending on Low-Code Development Platforms will exceed $20 billion by 2024, highlighting the growing importance of these platforms in modernization efforts.

Why Act Now?
In an era defined by relentless competition and rapid technological advancement, time-to-market is critical. Delaying modernization efforts not only prolongs inefficiencies and augments costs but also intensifies the risk of falling behind competitors and missing out on emerging opportunities.