The Impact of No-Code and Low-Code Platforms on Q3FY24 Revenue Growth for Digital Engineering Servic

No-code and low-code platforms have driven significant revenue growth for digital engineering service providers in Q3FY24. Companies like Globant, Persistent Systems, and Happiest Minds have leveraged these platforms to accelerate software development and empower non-technical users. Globant’s AI-enhanced low-code tools contributed to its 20.7% revenue growth. Persistent Systems implemented enterprise-grade no-code solutions, leading to a 13.7% increase. Happiest Minds optimized citizen development initiatives, resulting in a 29.5% revenue surge. Businesses are adopting low-code platforms to reduce development costs, streamline workflows, and enable faster deployment. However, challenges such as scalability, security risks, and customization limitations persist. To sustain growth, digital engineering firms must refine low-code automation, enhance integration capabilities, and expand AI-driven development features. As demand for rapid application development increases, digital engineering service providers will play a key role in democratizing software creation.