No Code Artificial Intelligence (AI) Platform Global Market Measurement
The Enterprise Analysis Firm not too long ago launched a complete report on the Global No Code Artificial Intelligence (AI) Platform Market Measurement and Developments Evaluation with Forecast 2024-2033. This newest market analysis report affords a wealth of useful insights and knowledge, together with world market dimension, regional shares, and competitor market share. Moreover, it covers present developments, future alternatives, and important knowledge for fulfillment within the business.
Based on The Enterprise Analysis Firm’s, The no code synthetic intelligence (AI) platform market dimension has grown exponentially in recent times. It should develop from $4.34 billion in 2023 to $5.55 billion in 2024 at a compound annual development charge (CAGR) of 27.8%. The expansion within the historic interval might be attributed to ability hole mitigation, speedy prototyping and growth, democratization of ai, cost-efficiency, agile enterprise necessities.
The no code synthetic intelligence (AI) platform market dimension is predicted to see exponential development within the subsequent few years. It should develop to $14.69 billion in 2028 at a compound annual development charge (CAGR) of 27.6%. The expansion within the forecast interval might be attributed to ai adoption in numerous industries, enhanced platform capabilities, vertical-specific options, integration with current techniques, governance and compliance options. Main developments within the forecast interval embody elevated collaboration, democratization of ai, pre-built fashions and templates, integration with enterprise functions, explainability and transparency.
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Market Drivers and Developments:
The necessity for higher cybersecurity is predicted to propel the expansion of the no-code synthetic intelligence (AI) platform market going ahead. Cybersecurity is the follow of defending laptop techniques and networks from digital threats and unauthorized entry. It includes measures to safeguard knowledge, privateness and the integrity of digital infrastructure. No-code AI platforms are more and more employed in cybersecurity, simplifying menace detection and response with out requiring intensive coding expertise and enhancing total safety measures. As an example, in November 2022, in response to the Australian Cyber Safety Heart, an Australia-based authorities company, the variety of cybercrime experiences acquired in 2022 was 76,000, up from 13% in 2021. Subsequently, the necessity for higher cybersecurity is driving the expansion of the no-code synthetic intelligence (AI) platform market.
Main corporations working within the no-code synthetic intelligence (AI) platform market are centered on integrating SaaS (software program as a service) functions to achieve a aggressive edge. Integration of SaaS functions can improve the automation capabilities of no-code AI platforms, permitting for extra environment friendly and efficient workflows. This integration can unlock new prospects and intelligence, accelerating the supply of AI apps. As an example, in June 2023, Amazon Net Providers Inc., a US-based supplier of on-demand cloud computing platforms and APIs (software programming interfaces), launched AWS AppFabric, a brand new no-code service that rapidly connects software-as-a-service (SaaS) functions with safety instruments. AppFabric permits IT and safety groups to rapidly join SaaS functions with out the necessity for customized code growth or upkeep. The service routinely normalizes software knowledge, enabling directors to set widespread insurance policies, standardize safety alerts and simply handle person entry throughout a number of functions.
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Main Key Gamers of the Market:
Main corporations working within the no code synthetic intelligence (AI) platform market report are Amazon.com Inc., Apple Inc., Google LLC, Microsoft Company, Worldwide Enterprise Machines Company, Hewlett Packard Enterprise, BioNTech SE, Medallia Inc., Quickbase Inc., DataRobot Inc., Dataiku Ltd., AgilePoint Inc., Caspio Inc., Deci.AI Inc., Scale AI Inc., Clarifai Inc., Aible Inc., Aito Intelligence Oy, Akkio Inc., CrowdAI Inc., Intersect Labs, Levity AI GmbH, MLJAR Inc., Noogata Applied sciences Inc., Clearly AI Inc., Predibase Inc., Runway AI Inc., Studio Creatio, Coach Kinetix Ltd
No Code Artificial Intelligence (AI) Platform Market 2024 Key Insights:
• The no code synthetic intelligence (ai) platform market is predicted to develop to $14.69 billion in 2028 at a compound annual development charge (CAGR) of 27.6%.
• Rising Cybersecurity Issues Fueling Development In The No-Code Artificial Intelligence (AI) Platform Market
• Focus On Integration Of SaaS (software program as a service) Purposes To Acquire A Aggressive Edge
• North America was the most important area within the no code synthetic intelligence (AI) platform market in 2023
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