Market revenue in 2023 | USD 3,833.3 million |
Market revenue in 2030 | USD 24,422.7 million |
Growth rate | 30.3% (CAGR from 2023 to 2030) |
Largest segment | No-code ai platforms |
Fastest growing segment | Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | No-code AI Platforms, Services |
No-code ai platforms was the largest segment with a revenue share of 76.85% in 2023. Horizon Databook has segmented the Global no code ai platform market based on no-code ai platforms, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for AI and ML applications is one of the key drivers of the no-code AI platform market. AI and ML are used across various industries, including finance, healthcare, manufacturing, and retail, to improve accuracy, efficiency, and decision-making. For instance, the healthcare industry increasingly uses AI and ML to improve patient outcomes and facilitate various processes.
AI-powered tools are used for predictive modeling, image analysis, and personalized treatment recommendations. No-code AI platform solutions can help healthcare organizations build and deploy these applications and tools at scale without needing AI experts and professionals while ensuring compliance with data privacy regulations.
No-code AI platform solutions can help retailers build and deploy these applications while ensuring the scalability and cost-effectiveness of the models. Overall, the increasing demand for AI and ML applications across various industries is driving the growth of the no-code AI platform market.
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