No Code Artificial Intelligence AI Platform
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What Is the Expected CAGR for the No Code Artificial Intelligence (AI) Platform Market Through 2025?
In recent times, there has been a substantial increase in the market size of the no code artificial intelligence (AI) platform. It is estimated to rise from $5.55 billion in 2024 to approximately $7.09 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 27.7%. The remarkable growth during the historic period is a result of several factors such as the diminution of skill gaps, swift prototyping and development, the democratization of AI, cost-effectiveness, and adaptable business requirements.
What’s the Projected Size of the Global No Code Artificial Intelligence (AI) Platform Market by 2029?
The market size for the no-code AI platform is projected to experience significant expansion in the forthcoming years, reaching a value of $18.75 billion by 2029, growing at a CAGR of 27.5%. Several factors contribute to this growth during the forecast period, including AI’s adoption across various sectors, improved capabilities of the platform, solutions tailored for specific verticals, integration with pre-existing systems, and features facilitating governance and compliance. Notable trends within the forecast period include wider collaboration, AI democratization, pre-designed models and templates, compatibility with business applications, as well as explainability and transparency.
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Top Growth Drivers in the No Code Artificial Intelligence (AI) Platform Industry: What’s Accelerating the Market?
Accelerated growth in the no-code artificial intelligence (AI) platform market is projected due to the increasing need for improved cybersecurity. This refers to the action of safeguarding computer systems and network structures against any potential digital risks and unauthorized breaches. Such protection involves ensuring the safety of data as well as maintaining the integrity of digital systems. The application of no-code AI platforms in cybersecurity has become progressively popular, aiding in the easy detection and response to threats without extensive coding knowledge and strengthening overall security. For example, in November 2022, the Australian Cyber Security Center, a government agency located in Australia, noted that the cybercrime reports received in 2022 increased to 76,000, a 13% increase from 2021. Consequently, the demand for enhanced cybersecurity is a significant factor contributing to the expansion of the no-code artificial intelligence (AI) platform market.
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What Trends Will Shape the No Code Artificial Intelligence (AI) Platform Market Through 2029 and Beyond?
Leading firms in the no-code artificial intelligence (AI) platform market are concentrating on merging SaaS (software as a service) applications to secure a strategic advantage. Incorporating SaaS applications can augment the automation features of no-code AI platforms, resulting in more competent and effective operations. This amalgamation can reveal new opportunities and intelligence, fast-tracking the production of AI applications. For instance, in June 2023, Amazon Web Services Inc., a US-based enterprise offering on-demand cloud computing platforms and APIs (application programming interfaces), introduced AWS AppFabric, a novel no-code service that promptly links software-as-a-service (SaaS) applications with security tools. AppFabric empowers IT and security teams to rapidly connect SaaS applications, bypassing the requirement for bespoke code development or upkeep. The service instantly standardizes application data, allowing administrators to implement common policies, homogenize security alerts, and conveniently control user access across several applications.
What Are the Main Segments in the No Code Artificial Intelligence (AI) Platform Market?
The no code artificial intelligence (AI) platform market covered in this report is segmented –
1) By Component: No-Code AI Platforms, Services
2) By Technology: Natural Language Processing, Computer Vision, Predictive Analytics, Other Technologies
3) By Deployment: Cloud, On-premises
4) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Vertical: Banking, Financial Services And Insurance, Healthcare, Retail And E-Commerce, Information Technology (IT) And Telecom, Energy And Utilities, Government And Public Sector, Other Verticals
Subsegments:
1) By No-Code AI Platforms: Visual Development Tools, Pre-Built AI Models, Drag-And-Drop Interfaces, Workflow Automation Tools, Data Integration Tools
2) By Services: Consulting Services, Training And Support Services, Implementation Services, Customization Services
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Which Top Companies are Driving Growth in the No Code Artificial Intelligence (AI) Platform Market?
Major companies operating in the no code artificial intelligence (AI) platform market report are Amazon.com Inc., Apple Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Hewlett Packard Enterprise, BioNTech SE, Medallia Inc., Quickbase Inc., DataRobot Inc., Dataiku Ltd., AgilePoint Inc., Caspio Inc., Deci.AI Inc., Scale AI Inc., Clarifai Inc., Aible Inc., Aito Intelligence Oy, Akkio Inc., CrowdAI Inc., Intersect Labs, Levity AI GmbH, MLJAR Inc., Noogata Technologies Inc., Obviously AI Inc., Predibase Inc., Runway AI Inc., Studio Creatio, Coach Kinetix Ltd
Which Regions Will Dominate the No Code Artificial Intelligence (AI) Platform Market Through 2029?
North America was the largest region in the no code artificial intelligence (AI) platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the no code artificial intelligence (AI) platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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