Over 500 million new apps likely in five years (2nd Ld with correction)

Hyderabad, Nov 18 : With the Covid-19 pandemic leading to digital transformation at a speed never seen before, over 500 million new applications are likely to be built globally over the next five years, Rajiv Sodhi, Chief Operating Officer, Microsoft India, said on Wednesday quoting Gartner.
With every business organisation turning into technology entity amid the current pandemic, the world is expected to see development of more and more applications.
Majority of the apps are expected to be developed on low-code platform, said Sodhi.
Large number of new business applications are likely to be developed by companies in-house as they adapt to new technologies.
Sodhi revealed this while announcing the availability of Microsoft’s Dynamics 365 Project Operations solution across India during a virtual roundtable on ‘Decoding Microsoft business applications’. It has been developed to help service-based businesses in unifying operational workflows to provide visibility, collaboration, and insights to drive success across teams, from prospects to payments to profit.
“While technology has been driving the world across industries for a number of years, COVID has accelerated this shift. What was happening in years is now happening in months,” he said.