LCAP Technology Value Matrix 2022
As businesses become more protective of their current cash positions, they are exploring options to do more with less to remain competitive. However, with the current labor shortage, technical personnel demand a premium. Nucleus has noted a rise in Low-Code Application Development Platforms (LCAP) adoption to combat these contracting market conditions. LCAPs have proven to accelerate the DevOps cycle for professional developers and enable business users within the design, build, test, and publish phases to alleviate the burden of IT teams. As vendors continue to improve project management and implement governance processes, users are placing more trust in the security and quality of their LCAP platforms and developed applications. Now, LCAP use cases have expanded beyond internal process automation and have become revenue drivers for financial services, professional services, and technology providers alike.