No Code AI Platform Market Overview
No Code AI Platform Market Size was valued at USD 3.2 Billion in 2022. The No Code AI Platform market industry is projected to grow from USD 4.10 Billion in 2023 to USD 29.93 Billion by 2032, exhibiting a compound annual growth rate (CAGR) 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.
Figure 1: No Code AI Platform Market Share, 2023-2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
No Code AI Platform Market Trends
An increasing number of Al businesses globally are driving the market growth
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.
With no-code AI platforms, building AI models takes only minutes, making it simple for businesses to integrate machine learning models into their workflows. AI solutions that don't require programming make it easier for businesses and individuals to start experimenting with AI and machine learning. These solutions let companies quickly and cheaply deploy AI models so their domain experts can take use of state-of-the-art technology. All things considered, no-code AI systems help to lower faults, speed up delivery, and make data science more useful, offering profitable opportunities for market expansion over the projected timeframe. AI experts are not necessary for the building of AI models thanks to no-code AI platforms. Building AI models requires skill, time, and effort. For instance, A SaaS AI platform for manufacturing, Basetwo Artificial Intelligence Inc., revealed in May 2022 that it has closed a USD 3.8 million seed round of funding. The funding will be used to introduce the Basetwo AI platform, which will redefine a new category. Thus, result in driving the No Code AI Platform market revenue.
No Code AI Platform Market Segment Insights
No Code AI Platform Component Insights
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.
Figure1: No Code AI Platform Market, by Component, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
No Code AI Platform Technology Insights
The No Code AI Platform market segmentation, based on Technology, includes Natural Language Processing, Computer Vision, Predictive Analytics, and Others. The natural language processing category generated the most income. Users can create applications that can comprehend and react to user inputs in a natural and intuitive way by incorporating natural language processing (NLP) into no-code AI platforms.
No Code AI Platform Deployment Insights
The No Code AI Platform market segmentation, based on Deployment includes Cloud, and On-premises. The on-premises segment dominated the market. This is explained by the many advantages of the on-premises deployment, including the high levels of data protection and safety.
No Code AI Platform Enterprise Size Insights
The No Code AI Platform market segmentation, based on Enterprise Size, includes SMEs, and Large Enterprises. The large enterprises category generated the most income. This is due to the increasing adoption of data science and Al technology by big businesses to provide quantitative insights into their operations.
No Code AI Platform Vertical Insights
The No Code AI Platform market segmentation, based on Vertical includes BFSI, Healthcare, Retail & E-Commerce, IT & Telecom, Energy & Utilities, Government & Public Sector, and Others. The IT & telecom segment dominated the market. These platforms help to automate incident management, log analysis, and infrastructure monitoring.
No Code AI Platform Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American No Code AI Platform market area will dominate this market. Because Al has significant capacities for research and development in developed economies, this region has several notable Al firms, research institutes, and Al.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure 2: NO CODE AI PLATFORM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe No Code AI Platform market has the second-largest portion of the market. It is projected that the market would benefit from an increase in Al enterprises. Further, the German No Code AI Platform market held the largest proportion of the market, and the UK No Code AI Platform market was the European market with the quickest rate of growth.
The Asia-Pacific No Code AI Platform Market has the quickest predicted compound annual growth rate between 2023 and 2032. Numerous technology start-ups are sprouting in the region's burgeoning start-up ecosystem, including China, India, Singapore, and South Korea. Moreover, China’s No Code AI Platform market had the biggest market share, and the Indian No Code AI Platform market was the Asia-Pacific region's fastest-growing market.
No Code AI Platform Key Market Players& Competitive Insights
Leading market players are putting a lot of money into R&D to expand their product lines, which will drive the market for No Code AI Platforms even higher. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, No Code AI Platform industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the No Code AI Platform industry to help customers and expand the market segment. In recent years, the No Code AI Platform industry has provided some of the biggest benefits to medicine. Major players in the No Code AI Platform market, including Akkio Inc., Amazon.com, Inc., Apple Inc., Caspio, Inc., Clarifai, Inc., DataRobot, Inc., Google LLC, Levity AI GmbH, Microsoft, Quickbase, Inc., and others, are engaging in research and development activities in an effort to boost market demand.
Microsoft Corporation, an American multinational technology company, are located in Redmond, Washington. The Windows operating system series, the Microsoft 365 productivity application suite, and the Edge web browser are among Microsoft's most well-known software offerings. Xbox game consoles and the Microsoft Surface range of touchscreen PCs are its major hardware items. In May 2023, Microsoft Corporation has teamed up with Builder.ai, a startup that assists businesses in creating applications without requiring any prior coding knowledge. Microsoft hopes to integrate its AI assistant, Natasha, into its Teams video and chat software so that users may construct business apps on the Builder.ai platform.
Amazon.com, Inc. specializes in digital streaming; cloud computing, e-commerce, online advertising, and artificial intelligence. Along with Apple, Microsoft, Alphabet (the parent firm of Google), Apple, and Meta, it is regarded as one of the Big Five American technological corporations. Jeff Bezos started Amazon out of his Bellevue, Washington, garage. Due to its "aggressive" reinvestment of profits into capital expenditures and technical innovation, Amazon has gained a reputation for upending established sectors. In June 2023, Amazon Web Services, an Amazon company, has partnered with Persistent Systems, a leading provider of digital engineering services. By this collaboration, Amazon CodeWhisperer will be used by both businesses to develop and provide industry solutions for commercial clients more quickly and securely.
Key Companies in the No Code AI Platform market include
-
-
Amazon.com, Inc.
-
-
Caspio, Inc.
-
Clarifai, Inc.
-
-
Google LLC
-
Levity AI GmbH
-
Microsoft
-
Quickbase, Inc.
No Code AI Platform Industry Developments
June 2021: Apple declared the opening of Trinity, a no-code AI platform. It was made up of systems for managing experiments and data pipelines. This launch's objective was to arrange intricate spatial datasets.
July 2019: MonkeyLearn has earned a total of US$ 2.2 million in investment. The organization additionally offers its clientele the tools required to create models of text analysis.
May 2021: Google declared that it will combine AI and AutoML technologies into a single API. With this new software, coding is reduced by over 80%.
No Code AI Platform Market Segmentation
No Code AI Platform Component Outlook
-
No-code AI Platforms
-
Services
No Code AI Platform Technology Outlook
No Code AI Platform Deployment Outlook
No Code AI Platform Enterprise Size Outlook
No Code AI Platform Vertical Outlook
No Code AI Platform Regional Outlook
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
| Report Attribute/Metric |
Details |
| Market Size2022 |
USD 3.2 Billion |
| Market Size 2023 |
USD 4.10 Billion |
| Market Size2032 |
USD 29.93 Billion |
| Compound Annual Growth Rate (CAGR) |
28.20% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Component, Technology, Deployment, Enterprise Size, Vertical, and Region |
| Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered |
The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled |
Akkio Inc., Amazon.com, Inc., Apple Inc., Caspio, Inc., Clarifai, Inc., DataRobot, Inc., Google LLC, Levity AI GmbH, Microsoft, Quickbase, Inc |
| Key Market Opportunities |
The expansion is facilitated by the swift development and application of Al and machine learning across the globe. |
| Key Market Dynamics |
It is expected that the entire market will benefit from an increase in Al enterprises worldwide. |
Frequently Asked Questions (FAQ) :
In 2022, sales of No Code AI Platforms were projected to reach USD 3.2 billion.
From 2023 to 2032, The (CAGR) for the market is predicted to be 28.20%.
North America held the most market share worldwide.
The leading comapnies in the market are Akkio Inc., Amazon.com, Inc., Apple Inc., Caspio, Inc., Clarifai, Inc., DataRobot, Inc., Google LLC, Levity AI GmbH, Microsoft, Quickbase, Inc.
By 2022, the No-code AI Platforms category was the market leader.
In the market, Natural Language Processing held the most share.
