No-code AI Platform Market
Report ID: UCMIG45E2232
No-code AI Platform Market Size
SkyQuest Technology's No-code ai platform market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global No-code AI Platform Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
No-code AI Platform Market Insights
Market Overview:
The global market for no-code AI platforms reached a value of USD 3.06 billion in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 27.3% from 2023 to 2030. These platforms, also referred to as AI development platforms, empower individuals without programming or AI expertise by providing them with the necessary tools to execute AI projects. They are also valuable to AI professionals who can incorporate them into their initiatives. Although no-code AI platforms may not possess the same capabilities as those requiring programming skills and specialized knowledge, they fulfill the crucial role of utilizing AI for creating software and projects accessible to a broader audience, including beginners. The increasing number of AI enterprises globally is expected to have a positive impact on the global market. As the ranks of domain experts expand, so does the gap between them and AI specialists.
No-code AI Platform Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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