Title: Global No-Code AI Platform Market Trends, Growth Analysis, and Key Players
The global No-Code AI Platform Market, estimated at USD 4.7 billion in 2024, is set to surge to USD 82.2 billion by 2033 with a Compound Annual Growth Rate (CAGR) of 37.5%. These platforms enable non-experts to create AI models quickly and cost-effectively with little or no programming knowledge. Applications are diverse and growing primarily in sectors such as banking, finance, services, retail, healthcare, and manufacturing.
Some significant insights on the market for the coming years are:
– Market Value: The market worth will increase from USD 4.7 billion in 2024 to USD 82.2 billion by 2033.
– Offering Segment: Solutions will dominate and maintain the highest market share due to an extensive customer base and comprehensive offerings.
– Enterprise Segment: Large enterprises are expected to own the majority of market share.
– Technology Segment: Predictive analytics solutions are poised to dominate accounting for 29.1% market share in 2024.
– Data Modality Segment: Text modeling is expected to be the leader earning 33.2% of total revenue by 2024.
– Vertical Segment: Financial institutions will continue to lead accounting for the largest share of the market in 2024.
– Regions: North America will rule with 38.2% share in 2024 in the no-code AI platform market due to the favorable environment, extensive technologies, abundant funding, and technical workforce.
Some other current trends observed in this thriving market include the adoption of AI services due to its democratization as users without technical experience develop and utilize AI models. Furthermore, advancements in cloud computing facilitate an effortless and fast deployment. The no-code AI platforms industry is anticipated to have some leading players such as Akkio Inc., Microsoft, Swisscom AI Bridge, AI Foundation, Starmind, Levity AI, Google, Codeless Platforms, Unqork, OutSystems, and Mendix among others who drive the competition through innovation and acquiring players.
In closing, with the market growth perspectives and a wealth of influential key players, it is suggested that one take a strategic approach informed by valuable insights from comprehensive, sector-specific market reports from esteemed firms like Dimension Market Research to maximize the potential positive impacts on businesses and drive prosperous growth in the no-code AI platform industry.
