"The stakeholders who desire applications are not willing to buy it at it's current price; either because they know that the application is not valuable or do not know the application is valuable."
Kind of, but the real way I see it is: “there is a whole wide swath of problems that would benefit from simple programming/automation, but they aren’t ROI positive to pay a professional programmer to do.” So the no/low code stuff can change that and lower the barrier to introduce automation and programmability to a big tranche of problem areas that aren’t served by ‘traditional’ development. I don’t see that as a bad thing.