The no-code AI platforms market is expected to grow from USD 4.9 billion in 2024 to USD 24.8 billion in 2029, at a CAGR of 38.2% during the forecast period. No-code AI platforms have transformed how businesses develop and implement AI solutions. These platforms enable users without extensive coding skills to build AI applications using visual drag-and-drop tools and user-friendly interfaces. This democratization of AI has sped up innovation and adoption across diverse sectors, ranging from web development to data analysis and beyond.
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By Offering, the services segment to account for higher CAGR during the forecast period.
The no-code AI platforms market has transformed how businesses harness artificial intelligence without requiring deep programming skills. These platforms provide a variety of services that democratize AI development, serving diverse needs across industries. No-code AI services empower organizations to swiftly create, deploy, and manage machine learning models, effectively reducing time-to-market, enhancing model precision, and optimizing operational workflows. Moreover, they foster collaboration and broaden application scenarios, playing a pivotal role within the no-code AI ecosystem. As businesses increasingly seek agile and efficient AI solutions, these platforms continue to innovate, offering accessible tools that democratize AI capabilities and empower teams to leverage sophisticated technologies without the traditional barriers of technical expertise.
By Application, the chatbots & virtual assistants is expected to hold the largest market size for the year 2024.
Chatbots & virtual assistants are poised to dominate the no-code AI platforms market, leveraging the power of artificial intelligence to revolutionize customer interactions. These AI-driven tools can seamlessly integrate with existing systems, providing real-time support and personalized experiences across various channels. By utilizing no-code platforms, businesses can rapidly develop and deploy chatbots & virtual assistants without requiring extensive coding expertise. This democratization of AI technology empowers organizations to create bespoke solutions tailored to their specific needs, enhancing customer satisfaction and loyalty. As the market continues to grow, chatbots & virtual assistants are expected to hold the largest share, driving innovation and competitiveness in the no-code AI landscape.
By Vertical, healthcare & life sciences is projected to grow at the highest CAGR during the forecast period.
The healthcare & life sciences sector is anticipated to experience a rapid growth in the no-code AI platforms market. AI integration in healthcare & life sciences has facilitated the development of precision-based diagnostics, treatment protocols, and health management systems. No-code AI platforms simplify application creation, allowing healthcare professionals to tailor solutions without extensive technical skills. This democratization of AI promises personalized treatment plans, predictive analytics for disease progression, and enhanced patient outcomes. As the sector advances, no-code AI platforms will streamline operations, improve diagnosis and treatment, and drive medical innovation.
Asia Pacific is expected to grow at the highest CAGR during the forecast period.
The Asia-Pacific region is experiencing a notable surge in the adoption of no-code AI platforms. Businesses here are increasingly leveraging these tools to streamline operations, enhance customer experiences, and drive innovation. The appeal lies in their user-friendly interfaces, which empower users without deep technical backgrounds to create and deploy AI solutions quickly. This accessibility is particularly beneficial in diverse markets across Asia-Pacific, where companies can customize AI applications to meet local needs efficiently. Moreover, the scalability and cost-effectiveness of no-code AI platforms make them particularly attractive in a region known for its rapid digital transformation and diverse economic landscapes. As adoption continues to grow, these platforms are poised to reshape industries across Asia-Pacific, from manufacturing to retail & ecommerce and beyond.
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Unique Features in the No-code AI Platforms Market
No-code AI platforms enable users to create AI models without writing a single line of code with drag-and-drop interfaces. This makes it simple for anyone, without any technical experience, to begin using AI.
Pre-built components and templates are available on a number of no-code AI platforms, which can be utilized to create standard AI models. Users may make sure their models are well-designed and save a ton of time and effort by doing this.
No-code AI platforms one of the trickiest and longest processes in creating an AI model is data preparation, which can be automated by AI platforms. In addition to saving users a great deal of time and effort, this can help users’ models become more accurate.
No-code AI platforms can include explainability tools and visualizations to assist users comprehend how their models function. This is crucial to establishing the confidence that AI models are making impartial and just decisions.
No-code AI platforms numerous commercial applications, including CRMs, marketing automation platforms, and customer support systems, can be connected with AI platforms. This makes it simple for users to put their AI models into action, automate procedures, and enhance corporate operations.
Major Highlights of the No-code AI Platforms Market
No-code platforms remove the technical barrier to entry, empowering anyone to build and deploy AI solutions without needing programming expertise. This fosters innovation and widens AI adoption across diverse industries.
Addressing the AI Talent Gap: The scarcity of skilled AI professionals is a major hurdle for businesses. No-code platforms offer a solution by enabling citizen developers (those within a business with domain expertise but not necessarily coding skills) to build AI applications, bridging the talent gap.
Cost-Effective Solutions: Developing AI solutions traditionally requires significant investment in infrastructure, software, and personnel. No-code platforms offer a more cost-effective approach, making AI accessible to a wider range of businesses.
Focus on Speed and Efficiency: Businesses today demand rapid development cycles. No-code platforms cater to this need with drag-and-drop interfaces, pre-built components, and automated data preparation, significantly accelerating AI development.
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Top Companies in the No-code AI Platforms Market
The major No-code AI platforms providers include IBM (US), Microsoft (US), Google (US), AWS (US), Salesforce (US), C3 AI (US), H2O. ai (US), Qlik (US), Clarifai (US), DataRobot (US), Dataiku (US), SymphonyAI (US), Altair (US), Levity (Germany), Akkio (US), Aito (Finland), Obviously AI (US), Pecan AI (Israel), Kore.ai (US), Konverse AI (US), Yellow.ai (US), MokeyLearn (US), Roboflow (US), NanoNets (US), Noogata (Israel), Rasa (US), Builder.ai (UK), Appy Pie (US), Accern (US), RunwayML (US), and Bubble (US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the no-code AI platforms market.
IBM is a global leader in hybrid cloud, AI, and consulting, serving clients in over 175 countries. It helps businesses leverage data insights, streamline processes, reduce costs, and gain a competitive edge. Over 4,000 government and corporate entities in sectors such as financial services, telecommunications, and healthcare depend on IBM’s hybrid cloud platform and Red Hat OpenShift for fast, efficient, and secure digital transformations. Its cutting-edge innovations in AI, quantum computing, industry-specific cloud solutions, and consulting provide flexible, open options for its clients. IBM’s no-code AI solutions democratize AI development, allowing more users to harness AI’s potential for improved efficiency, customer experiences, and decision-making across various industries. Its commitment to trust, transparency, responsibility, inclusivity, and service underpins all our advancements. As a leading technology company, IBM continues to empower businesses with tools that make advanced AI accessible to all, driving progress and innovation in the digital era. The company has a strong presence in the Americas, Europe, Middle East & Africa, and Asia Pacific and customers in more than 175 countries.
Microsoft specializes in delivering a broad array of software, services, devices, and solutions designed for the intelligent cloud and edge computing era. Its offerings include comprehensive platforms and tools aimed at boosting productivity for small businesses, enhancing competitiveness for large enterprises, and increasing operational efficiency in the public sector. By prioritizing cloud-based solutions spanning software, platforms, and consulting services, Microsoft empowers organizations across diverse industries to leverage digital technologies effectively. This strategy underscores their commitment to fostering innovation and productivity while addressing the evolving needs of a global customer base. Additionally, Microsoft holds a prominent position in the no-code AI platform market, providing an extensive ecosystem for developing and deploying AI solutions without advanced coding skills. These solutions cater to sectors such as banking, finance, healthcare, and retail, enabling streamlined processes, enhanced customer experiences, and improved business outcomes through accessible AI capabilities. Microsoft offers AI Builder as part of its Power Platform. This feature empowers users to develop and deploy AI models seamlessly within Power Apps and Power Automate, catering to diverse business needs with both prebuilt and custom model options.
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