As the cost of producing software collapses, demand for it will expand.
This part actually makes sense. Plenty of software doesn't get written because it's just easier or cheaper to do without it. It's why BPM tools exist. Simplify the coding process and you can solve problems more cheaply.
I also think this will kill BPM tools. Why use BPM tooling when creating a real app is just as easy and more customizable?