The no-code AI platform market is on the brink of a remarkable surge, projected to achieve an impressive CAGR of 28.3%, ultimately setting its sights on a staggering market valuation of US$ 49,481 million by the year 2033. This forecast underscores the accelerating adoption and growing significance of no-code artificial intelligence solutions in various industries.
As organizations increasingly recognize the transformative potential of AI, the demand for user-friendly, accessible platforms that require minimal coding expertise is escalating.
The No-code AI Platform Market, with its forecasted growth trajectory, represents a pivotal player in the technological landscape, offering businesses an efficient and streamlined path to harnessing the power of artificial intelligence without the traditional complexities associated with coding. This meteoric rise not only reflects the market’s robust potential but also signals a paradigm shift towards democratizing AI development and implementation.
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The purpose of no-code AI platforms is to provide non-programmers, beginners, or people who may not have the best understanding of AI implementation, with the necessary tools and services to implement their own AI models and projects without writing a single line of code. No-code AI platforms can also be used by people who have expertise in AI to accelerate their workflow. The platform consists of drag-and-drop options, as well as other user-friendly options which make the operation easier for non-programmers.
Key Takeaways from the No-Code AI Platform Market Report:
- By solution, the no-code AI tool segment had generated a share of nearly US$ 1,840.4 Million in 2021.
- By industry, the BFSI segment had exhibited the highest CAGR of 34.2% in 2021.
- By technology, the predictive analysis segment is set to witness the fastest growth at a CAGR of 19.7% in the forecast period.
- The top 5 key players in the global no-code AI platform market are set to generate about 35% of the share in the assessment period.
- The India no-code AI platform market is expected to showcase the highest CAGR of 37.5% in the forecast period.
Ability of No-Code AI Platforms to Enable Domain Experts to Develop AI Projects Will Aid Growth:
No-code AI platforms provide users with several drag-and-drop, user-friendly options, and features to build AI models, ML programs, and automated processes. Due to their simplification, businesses can easily build chatbots for themselves, and even software developers who do not have expertise in AI can implement novel features in their software solutions by using no-code AI platforms.
Cyber security professionals can find bugs and errors in their systems and improve the accuracy when they are analyzing their data. AI can also help individuals and businesses accomplish their tasks more efficiently, as well as improve those tasks that their software and products could not do.
Leading Key Players:
- Clarifai Inc
- Caspio Inc
- Amazon
- Microsoft
- Akkio Inc
- Apteo
- Runway
- QuickBase Inc
- AgilePoint Inc
- MonkeyLearn
- Levity
- Intersect Labs
- Apple
- DataRobot Inc
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More Valuable Insights on the No-Code AI Platform Market:
In this report by Future Market Insights, the no-code AI platform has been segmented into four sections: by solution no-code AI tools: (cloud-based and on-premises); services (professional services (consulting services, support and maintenance, training and education, software development) and managed services), technology (Natural Language Processing (NLP), Computer Vision, Predictive Analytics), enterprise size (Small and medium enterprises (SME) and large enterprises), industry (BFSI, IT & telecom, retail, healthcare, manufacturing, government, education and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the no-code AI platform demand outlook.
No-code AI Platform Market Segmentation:
By Solution:
- No-code AI tools
- Cloud-Based
- On-Premises
- Services
- Professional Services
- Consulting Services
- Support and Maintenance Services
- Training and Education
- Software Development
- Managed Services
- Professional Services
By Technology:
- Natural Language Processing (NLP)
- Computer Vision
- Predictive Analytics
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Manufacturing
- Government
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa
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