PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401413
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401413
Global No-code AI Platform Market is valued at approximately USD 3.06 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 27.3% over the forecast period 2023-2030. The No-code AI Platform encompasses in providing software platforms that allow users to develop and deploy artificial intelligence (AI) applications and solutions without the need for coding or programming skills, enabling businesses and individuals to harness the power of AI technology in a user-friendly and accessible manner. The No-code AI Platform Market is being driven by factors such as increasing funding for AI platforms and continuous development in AI technology.
The No-code AI platforms make it simple to create AI models and apps by offering a user-friendly interface and drag-and-drop capability. . For instance, in February 2023, Appy Pie LLP integrated artificial intelligence (AI) into their app development process through their innovative AI App Generator. This cutting-edge platform utilizes machine learning and Natural Language Processing (NLP) techniques to transform text into fully functional applications. By leveraging AI technology, users can efficiently and rapidly build and launch their own apps, streamlining the app-making process. Along with this increasing funding for AI platforms also driving the market. As an illustration, Basetwo Artificial Intelligence Inc., a SaaS AI platform for manufacturers, raised USD 3.8 million in early funding for the introduction of their cutting-edge Basetwo AI platform in May 2022.The platform enables process engineers to easily create digital twins of manufacturing plants using a user-friendly no-code interface. This solution is the first of its kind, revolutionizing the way manufacturers build and optimize their operations. Thus, increasing funding for AI platforms and continuous improvement in AI technology fuel the growth of the market. In addition, increasing the adoption of AI in enterprises and increase in the adoption of IoT, edge computing across various industries create lucrative opportunities for the market. However, the limited customization and complexity hinder market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global No-code AI Platform Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the advanced technological landscape and innovation hubs. The region has a robust infrastructure and a mature ecosystem that fosters the development and adoption of cutting-edge technologies such as no-code AI platforms. Asia Pacific is considered as a fastest growing region over the forecasted period due to Governments and businesses investing in advanced technologies such as AI to enhance productivity, efficiency, and competitiveness. No-code AI platforms offer a user-friendly and accessible way for businesses in the region to incorporate AI capabilities into their operations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable