Digital Lifescapes

Legacy on-premises IT software is expensive to maintain and upgrade. It can also be difficult to scale and manage, especially as businesses grow and evolve. Besides, legacy software vendors often lock customers into long-term contracts, making it difficult to switch to a more cost-effective solution. Cloud-based software is more scalable and cost-effective than legacy on-premises software. It's also easier to manage and upgrade, and there are no long-term contracts. As a result, large enterprise CEOs are eager to free themselves from the clutches of high-cost IT software vendors and move to the cloud. Worldwide revenue for enterprise applications software will reach $483.1 billion in 2027 with a five-year compound annual growth rate (CAGR) of 9.6 percent, according to the latest market study by International Data Corporation (IDC). Enterprise Software Market Development Nearly all this forecast growth will come from ongoing investments in public cloud software, which is expected to...

Many CEOs have shared their concern that the digital transformation apps backlog within their organization is causing delays in planned growth initiatives. Therefore, they're investing in new approaches to the challenge. The worldwide market for low-code software development technologies is forecast to total $26.9 billion in 2023 -- that's an increase of 19.6 percent from 2022, according to the latest worldwide market study by Gartner. "Business Technologist" roles and a growing number of hyper-automation initiatives will be the key drivers accelerating the adoption of low-code software technologies through 2026. Low-Code Software Market Development "Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows," said Varsha Mehta, senior research specialist at Gartner . Equipping both professional IT developers and non-IT practitioners -- e.g. ...