Basically this space is deliver multiples on what engineer team would bring at multiple discounts. It's not really a sustainable model because they are constantly viewing it as a cost center even with the productivity no-code tools. So the moment some open source version is released or they see a cheaper solution they will flock to it especially if you allow easy migration. I've had requests from companies who were doing well with the no-code SaaS but felt they were being held hostage/realize they want an internal tool they own because their requireents always devolves past what no-code tool can do.

This might not be an issue for SaaS who already publish their source code but for the vast majority of no-code/low code, it seems to cater to small to medium enterprises who are constantly looking to reduce their cost centers, even after achieving it an optimal setup.