The lowdown on low code

In recent years, low code has become a powerful enabler of automation and innovation that is lighting up opportunities beyond the obvious. It puts more problem-solving capabilities into the hands of non‑IT professionals while enabling employees with varying degrees of experience to swiftly produce scalable business applications in response to shifting business demands. 

By 2026, developers outside of formal IT departments will account for at least 80% of the user base for low-code development tools, up from 60% in 2021.

The market for low-code development technologies is projected to grow to $44.5 billion by 2026 at a compound annual growth rate of 19%.*

*Gartner Forecast Analysis: Low-Code Development Technologies, Worldwide – October 2022.

While low code can enable businesses the agility to build applications faster, this new technology can potentially expose businesses to new risks.

Our new article summarizes these potential risks, while offering ways to create an effective technology risk framework to allow organizations to reap the benefits of low-code automation while managing risks.

The threat landscape in today’s volatile environment continues to evolve shifting attack vectors and variable risks. As digital transformations accelerate in business functions at a record pace, our Technology Risk Management network has developed the KPMG Technology Risk Modernization Centers of Excellence (COE) to provide insights and help organizations evolve their capabilities to respond to digital acceleration, cloud transformation, and emerging technologies.