Low-code and no-code platforms are transforming the landscape of software development by making it more accessible, efficient, and collaborative. While they offer numerous benefits, including accelerated development, cost efficiency, and empowerment of non-technical users, they also present challenges related to scalability, customization, security, and governance. As these platforms continue to evolve and integrate with emerging technologies, they will play an increasingly important role in the future of software development. Understanding their impact and navigating their challenges will be key to leveraging their full potential.