What Is The Current and Historic Market Size Analysis Of The No Code Artificial Intelligence AI Platform Market?
The no code artificial intelligence ai platform market has seen considerable growth due to a variety of factors.
• The market size of the no code artificial intelligence (AI) platform has seen a significantly rapid expansion in the past years. Its growth is predicted to rise from $5.55 billion in 2024, reaching $7.09 billion in 2025, showcasing a compound annual growth rate (CAGR) of 27.7%.
The historical growth can be attributed to factors such as mitigation of skill gaps, swift prototype design and development, the democratization of AI, cost-efficiency, and the ability to quickly respond to business requirements.
What are the Market Size and Expected Growth Rates for the No Code Artificial Intelligence AI Platform Market?
The no code artificial intelligence ai platform market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for the no-code artificial intelligence (AI) platform is anticipated to experience substantial growth in the coming years, reaching an estimated value of $18.75 billion in 2029 with a compound annual growth rate (CAGR) of 27.5%.
The predicted growth in this period is due to the incorporation of AI in a variety of industries, the improved capabilities of platforms, solutions specific to various sectors, integration with current systems, as well as governance and compliance features. Key trends for the forecast period comprise increased collaboration, the democratization of AI, the use of ready-made models and templates, integration with business applications, and emphasis on explainability and transparency.
Which Key Drivers Are Propelling The No Code Artificial Intelligence AI Platform Market's Growth?
The increasing demand for enhanced cybersecurity measures is anticipated to fuel the expansion of the no-code artificial intelligence (AI) platform market in the future. Cybersecurity encompasses the actions undertaken to shield computer systems and networks from digital intrusions and unauthorized entries, with the aim of preserving the data, privacy, and structural integrity of the digital framework. To simplify the process of identifying and responding to threats, no-code AI platforms are increasingly utilized in cybersecurity, thereby improving the overall security measures without demanding advanced coding abilities. For example, the Australian Cyber Security Center, a government entity based in Australia, reported that the count of cybercrime reports they obtained in 2022 reached 76,000, rising 13% from 2021. Consequently, the growing requirement for more robust cybersecurity is instigating the progression of the no-code artificial intelligence (AI) platform market.
What Are The Key Segments Within The Global 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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What Emerging Trends Are Influencing The Growth Of The No Code Artificial Intelligence AI Platform Market?
Dominant players in the no-code artificial intelligence (AI) platform market are strategically integrating SaaS (software as a service) applications to reinforce their competitive position. This integration boosts the automation functionalities of no-code AI platforms, thereby streamlining and enhancing workflows. It also opens up avenues for new possibilities and intelligence, expediting the delivery of AI-based applications. Specifically, in June 2023, a notable US-based player in on-demand cloud computing platforms and APIs (application programming interfaces), Amazon Web Services Inc., rolled out AWS AppFabric. It is a groundbreaking no-code solution designed to facilitate swift connectivity between software-as-a-service (SaaS) applications and security tools. AppFabric caters to the needs of IT and security teams by allowing effortless linking of SaaS applications, eliminating the necessity for custom code design or upkeep. The service automatically standardizes application data, granting administrators the authority to establish common policies, unify security alerts and regulate user access across various applications effortlessly.
Who Are the Key Players 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
What Are The Regional Insights Into The No Code Artificial Intelligence AI Platform Market?
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.
