LOW CODE NO CODE- THE INDIA STORY March 2022

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The report covers insights from 60 LCNC providers and adopters which can help enterprises in deciding how to pursue this opportunity. It also analyzes the nascent Indian Low Code No Code market, and how stakeholders together can make a big difference to realizethe full market potential.

Key Findings

Low code no code, LCNC, software development, agile, Talent, Simplifier, TCS, Infosys, IT Services, Indian IT, IT/ITES, ITES

At $13.8 Bn in 2021, Global Low-Code Development Industryis expected to grow at a CAGR of 28.1% from 2021-2025
Low-code application platforms (LCAP) account for majority of themarket with LCAP and RPA/Process Automation applications being the highestgrowing segments in 2021
BFSI, Healthcare and Hi-tech sector are the leading adopters of LCNC with Form/Data Collection, Workflow & Process Automation being the topUse Cases

The Nascent Indian LCNC Market

India’s LCNC market crossed $400 Mn in FY21growing at a CAGR of 15% since FY19
- 70% of revenues from global markets
- The market currently has ~150 LCNC players, withmajority players being bootstrapped start-ups
- BFSI, Retail, SaaS are the leading adopters
- Indian IT companies partners with LCNC providers toaccelerate digital transformation

Survey Insights – Key Benefits Realized by Adopters

3X-7X reduction in Development &
Deployment Time
3X-5X reduction in Cost of Development
1.2X-1.5X Increased Productivity
30%-35% increase in ROI

Outlook

Digital first enterprises will continue to drive adoption and growthof low code no code
India has the potential to generate $4.0-$4.2Bn revenues fromLCNC by FY25 in an optimistic scenario, accounting for ~10% ofthe global market

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