PhoenixDX Blog | Software Development & Low-Code

Forrester insights: Total Economic Impact of low-code platforms

Written by Patricia | Mar 12, 2026 10:20:27 AM

Why is low-code eating the world?

Low-code platforms are estimated to capture 64% of the global app development market by 2024. What is it about low-code software development that is making it a ‘must have’ for successful businesses? 

A recent study by Forrester reveals that the Total Economic ImpactTM (TEI) of using high-performance low-code platforms can:

Deliver an ROI of more than 500% over 3 years

Pay back initial investment in less than 6 months

Reduce app development costs

Deliver new initiatives to the market faster, increasing revenue.

To stay ahead of the pack, download the Forrester report from OutSystems now.

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