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The No-Code AI Platform Market Size,Share, Growth, Analysis, Trend, and Forecast Research Report by

Author : Tech Educat | Published On : 26 Mar 2024

The no-code AI platform market is experiencing explosive growth, empowering individuals and businesses to build and deploy AI applications without writing a single line of code. This is achieved through user-friendly interfaces and drag-and-drop components, making AI development more accessible than ever before.

No Code AI Platform Market Size and Growth:-

No Code AI Platform Market Size was valued at USD 3.2 Billion in 2022. The No Code AI Platform market  is projected to grow from USD 4.10 Billion in 2023 to USD 29.93 Billion by 2032, exhibiting a compound annual growth rate of 28.20% during the forecast period (2023 - 2032). An increasing number of Al businesses around the world, as well as the quick development and application of Al and machine learning globally are the key market drivers boosting the expansion of the market.

Key Players:

  • Akkio Inc.
  • Amazon.com, Inc.
  • Apple Inc.
  • Caspio, Inc.
  • Clarifai, Inc.
  • DataRobot, Inc.
  • Google LLC
  • Levity AI GmbH
  • Microsoft
  • Quickbase, Inc.

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Market Trends:-

 

Market CAGR for No Code AI Platform is being driven by the rising number of Al businesses globally. Not a code often called Al development platforms, Al platforms give non-programmers and non-Al experts the resources they need to carry out Al initiatives. They can also be used by specialists and al practitioners in their projects. Al platforms without programming code might not be as powerful as those requiring programming and other knowledge. Nevertheless, they achieve the crucial goal of using Al to produce software and projects for a wider user base, including beginners.

 

Additionally, it is anticipated that an increasing number of Al businesses globally will have a favorable effect on the world market. The difference between domain experts and Al specialists increases with their number. The breadth of knowledge possessed by Al professionals helps domain experts troubleshoot technological issues. Domain experts would have more chances to test and discuss ideas with Al specialists and with each other through the use of no-code Al tools. The use and advancement of Al and machine learning at a quick pace is fueling the demand for no-code AI platforms. Automated machine learning and other similar technologies are becoming more and more popular since they cater to businesses without ML expertise.

 

Market Segment:-

 

The No Code AI Platform market segmentation, based on Component includes No-code AI Platforms, and Services. The no-code AI platforms segment dominated the market. Because they democratize AI development and make it possible for people and organizations to harness AI capabilities without needing highly skilled technical personnel, no-code AI platforms have grown in popularity.

 

Impact and Future:

The no-code AI platform market is still young, but its potential to revolutionize AI development is undeniable. By democratizing AI, these platforms can:

Empower non-technical users: Business analysts, domain experts, and citizen developers can leverage AI without coding knowledge.

Accelerate AI adoption: Faster development cycles and lower barriers to entry lead to wider AI implementation.

Boost innovation: Increased accessibility fosters experimentation and exploration of new AI applications.

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