An ongoing dearth of tech talent and an increasing number of business technologists are driving an increase in low-code development technologies, which are projected to total $26.9 billion USD worldwide in 2023, an increase of nearly 20% from 2022, according to a recent forecast from Gartner. Business technologists work outside of IT and create tech or analytics capabilities for internal or external business use. Low-code application platforms are projected to be the largest component of the low-code development technology market, growing 25% to reach nearly $10 billion USD in 2023. Gartner predicts that by 2026, developers outside formal IT departments will account for at least 80% of the user base for low-code development tools, which is up from 60% in 2021. Other key drivers that will accelerate the adoption of low-code technologies through 2026 include an increasing number of enterprise-wide hyperautomation and composable business initiatives, the firm said.

Join us on November 9 to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers at the Low-Code/No-Code Summit. On my 12th birthday I got my first computer: an Amiga 500. And at 17, I founded my first company, making software that helped photographers serve their customers. As I reflect on my decades of coding, I'm reminded that low-code technology started with tools enabling users to build custom reports and applications with very little coding. When I started coding, low-code was somewhat analogous to the position artificial intelligence holds today: exciting, much hyped and poorly understood.

Tray.io, the leader in low-code automation and integration, announced new capabilities designed to accelerate enterprise hyperautomation initiatives. Tray.io is extending end-to-end connectivity across user types with Connector Builder where low-code developers can quickly, easily, and visually develop reusable connectors on demand. Additionally, a new Connectivity API experience for developers simplifies the integration of thousands of underlying endpoints into just three API calls. The company also introduced new frameworks and features that give users the ability to build complex integrations across teams with the speed and governance required to increase enterprise velocity at scale. The number of APIs is growing at a conservative estimate of 10% annually and is expected to reach more than 300 million by 2030.

Businesses are good at collecting data, and the Internet of Things is taking it to the next level. But, the most advanced organizations are using it to power digital transformation. The latest research from MuleSoft identifies hyper-automation, hybrid experiences, distributed environments and explosion of data as some of the new challenges and opportunities facing all businesses. The research points to an accelerated digital transformation in business for 2022 and beyond with seven key trends. Trend 1: The future of work will be built on connected, hybrid experiences.

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Half of business technologists now produce capabilities for users beyond their own department or enterprise. That's the top finding in a new report from Gartner, which cites "a dramatic growth" in digitalization opportunities and lower barriers to entry, including low-code tools and AI-assisted development, as the core factors enabling this democratization beyond IT professionals. What's more, Gartner reports that 77% of business technologists -- defined as employees who report outside of IT departments and create technology or analytics capabilities -- routinely use a combination of automation, integration, application development, or data science and AI tools in their daily work. "This trend has been unfolding for many years, but we're now seeing a tipping point in which technology management has become a business competency," Raf Gelders, research vice president at Gartner, told VentureBeat.