Latest News- No-Code AI Platform Market: SaaS is expected to lead the Deployment segment during 2025-2029

The No-Code AI Platform Market is being driven by Mitigation of specialized talent scarcity

The No-Code AI Platform Market is expected to grow at a CAGR of 35.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16799 million. The no-code AI platform market is experiencing significant growth due to the trend towards democratizing artificial intelligence. For years, the creation and implementation of AI solutions were the exclusive domain of a select group of professionals, including data scientists, machine learning engineers, and PhD-level researchers, who possessed deep expertise in intricate programming languages such as Python, advanced statistical modeling, and complex neural network architectures. This created a substantial innovation bottleneck, as most businesses, particularly small and medium-sized enterprises (SMBs), lacked the financial means to compete for this limited and costly talent pool. The high salaries demanded by AI specialists and the lengthy development cycles associated with traditional, code-heavy AI projects made bespoke AI solutions an unreachable luxury for many organizations. However, the emergence of no-code AI platforms is revolutionizing the landscape by enabling businesses to build and deploy AI applications without requiring extensive programming knowledge, thereby reducing the reliance on expensive talent and accelerating innovation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • SaaS
  • PaaS
• Technology
  • Natural language processing
  • Deep learning
  • Machine learning
  • Computer vision
• End-user
  • IT and telecom
  • BFSI
  • Retail
  • Healthcare
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Mitigation of specialized talent scarcity
• Imperative for enhanced business agility
• Proliferation and integration of accessible generative AI capabilities

However, the market also witnesses some limitations, which are as follows:

• Overcoming limitations in scalability, customization, and performance
• Navigating complex data security, governance, and regulatory landscapes
• Mitigating integration complexity and risk of vendor lock-in

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Market Scope in No-Code AI Platform Market Research Report

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Research Analysis Overview

In the No-Code AI Platform market, tools focus on automating workflows and deploying AI models, offering data governance features, APIs, UI design, and security. Key elements include access control lists, data encryption methods, system architecture design, DBMS, serverless computing, containerization tech, microservices architecture, AI ethics, model explainability, bias detection, responsible AI practices, model monitoring, deployment pipelines, CI/CD, agile development methodology, DevOps practices, IT infrastructure management, SDLC, project management tools, data analytics dashboards, and BI tools.

Market Research Overview

The No-Code AI Platform market is a significant segment of Technavio's global Technology Hardware, Storage, and Peripherals market, which encompasses manufacturers of various hardware devices, equipment, and components. This market includes cellular phones, personal computers, servers, electronic computer components, peripherals, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The global Technology Hardware, Storage, and Peripherals market size is determined by the revenue generated from sales of these hardware solutions. Factors driving the growth of this market include the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a surging demand for advanced data storage solutions. Consequently, the No-Code AI Platform market, which offers ai-powered automation, visual workflow builders, and drag-and-drop interfaces, leveraging machine learning models, is poised for substantial growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/