Monday, July 15, 2024

Tech Giants like AWS and Salesforce Dominate the $24.8 billion No-Code AI Platforms Market Industry

No-Code AI Platforms Market Expected to Reach $24.8 Billion by 2029, Says MarketsandMarkets Research Pvt. Ltd.

The No-code AI Platforms Market is set to experience explosive growth, with a new report by MarketsandMarkets™ forecasting a jump from USD 4.9 billion in 2024 to USD 24.8 billion in 2029. This represents a staggering CAGR of 38.2% over the forecast period.

No-code AI platforms are democratizing access to artificial intelligence, allowing a wider range of professionals to leverage the power of AI without the need for extensive programming knowledge. These platforms enable the creation of customized AI applications tailored to specific challenges, driving innovation and problem-solving capabilities across diverse user bases.

Key players in the No-code AI Platforms Market include industry giants such as IBM, Microsoft, Google, AWS, Salesforce, and more. These companies are at the forefront of the no-code AI revolution, developing innovative solutions that empower organizations to deploy AI applications effectively to drive efficiency and growth.

The market is further segmented into offerings, including solutions and services, technology, data modality, applications, and verticals. No-code AI platforms support advanced technologies such as deep learning, natural language processing, and predictive analytics, revolutionizing industries from healthcare to finance with accessible, powerful AI solutions.

The market is rapidly expanding across regions, with businesses worldwide leveraging these platforms to develop AI solutions without extensive programming knowledge. This trend is driving innovation and efficiency in sectors ranging from healthcare to finance, empowering organizations of all sizes to harness the power of artificial intelligence effectively.

Overall, the No-code AI Platforms Market is poised for significant growth, offering accessible solutions for businesses across sectors and driving innovation in a competitive global market.

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