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The low-code ai platform market size is valued to increase by USD 32.26 billion, at a CAGR of 32.2% from 2024 to 2029. Democratization of artificial intelligence and addressing acute talent scarcity will drive the low-code ai platform market.
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In today's business landscape, the adoption of low-code AI platforms has become a strategic priority for organizations seeking to streamline workflow orchestration and enhance data security protocols. According to recent industry reports, low-code development accounts for over 65% of all application development, representing a significant shift from traditional coding methods. This trend is driven by the need for real-time data streaming and hybrid cloud solutions that enable businesses to respond quickly to market demands. Moreover, low-code platforms offer model explainability methods, business rule engines, and API gateways, allowing for efficient AI model training and integration with visual programming tools. These capabilities result in a ROI improvement of up to 50% compared to traditional development methods. Additionally, low-code platforms support machine learning algorithms, natural language processing, and computer vision applications, making them essential for AI-powered analytics dashboards and database integration. Furthermore, low-code platforms offer cloud-based deployment, serverless computing, and containerization technologies, ensuring scalable infrastructure and version control system. Collaborative development platforms, application lifecycle management, and automated testing frameworks further streamline the development process, ensuring compliance alignment and model monitoring metrics. With customizable user interfaces, drag-and-drop functionality, and model deployment pipelines, low-code platforms provide a flexible and efficient solution for businesses seeking to innovate and stay competitive.
The democratization of artificial intelligence and the addressing of acute talent scarcity are pivotal factors fueling market growth.
The integration of generative AI as a collaborative developer and application component is becoming increasingly prevalent in the market. This trend signifies a significant shift towards advanced technology in software development.
Shadow IT, which encompasses governance, security, and management, poses a significant challenge to industry growth due to its unauthorized use and potential risks.
The low-code ai platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The platforms segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with platforms becoming increasingly sophisticated. These solutions enable businesses to design, develop, build, deploy, and manage AI-powered applications using minimal coding. The core of this market consists of integrated development environments featuring visual interfaces and prebuilt templates. Pretrained AI models for tasks like natural language processing, computer vision, and predictive analytics are also integral. Data integration is a significant component, with preconfigured connectors to enterprise systems, databases, and APIs. Workflow orchestration, data security protocols, real-time data streaming, and hybrid cloud solutions are essential features. Business rule engines, API gateways, workflow automation tools, and AI model training are other key functionalities.
These platforms support model explainability methods, version control, and collaborative development. Cloud-based deployment, data governance frameworks, microservices architecture, and application lifecycle management are crucial for scalability and efficient development. Machine learning algorithms, API integration methods, and containerization technologies facilitate seamless integration and deployment. Model monitoring metrics, model deployment pipelines, customizable user interfaces, and automated testing frameworks ensure continuous improvement. With these capabilities, low-code AI platforms enable businesses to build AI applications faster and more efficiently. (Approximately 110 words)
The Platforms segment was valued at USD 2.99 billion in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant evolution, with North America leading the global landscape. Comprising the United States and Canada, this region is home to the highest concentration of technology companies, fostering a culture of early adoption and substantial investment in digital transformation. The United States, specifically, serves as the innovation hub, hosting the headquarters of major platform providers such as Microsoft, Google, Salesforce, and numerous specialized companies. This intense concentration of talent and capital fuels a hyper-competitive environment, driving rapid product development and feature integration. Key applications of low-code AI platforms include process automation, customer experience enhancement, and operational efficiency gains.
For instance, a leading retailer reported a 30% reduction in development time by implementing a low-code AI platform for automating workflows. Similarly, a healthcare organization achieved a 40% decrease in compliance-related costs by integrating AI capabilities into their platform. These operational efficiencies and cost savings are crucial factors driving the market's growth.
Customer Landscape of Low-Code AI Platform Industry
Companies are implementing various strategies, such as strategic alliances, low-code ai platform market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AgilePoint Inc. - This company provides a low-code AI platform featuring Agentic AI orchestration, cross-platform workflows, adaptive governance, and AI-assisted development, catering to business users with advanced technology solutions. The platform enables users to streamline processes, ensure compliance, and enhance productivity through intelligent automation.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Low-Code AI Platform Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
225 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 32.2% |
Market growth 2025-2029 |
USD 32262.6 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
25.7 |
Key countries |
US, China, Canada, Japan, Germany, UK, India, Mexico, France, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is experiencing significant growth as businesses seek to integrate advanced artificial intelligence (AI) capabilities into their operations without requiring extensive coding expertise. These platforms offer a visual programming interface for AI model development, enabling users to build and deploy AI models quickly and efficiently. One key advantage of low-code AI platforms is their ability to automate AI model deployment and integration with existing systems. This streamlines the development process and ensures seamless data flow between different business functions, such as supply chain or compliance. For instance, a manufacturing company can automate data pre-processing using low-code AI tools, enabling faster and more accurate operational planning. Moreover, low-code AI platforms provide machine learning model monitoring and maintenance features, ensuring that models remain accurate and effective over time. AI model explainability techniques are also available, allowing businesses to understand how models arrive at their decisions, enhancing transparency and trust. Scalability is another crucial aspect of low-code AI platforms, allowing businesses to deploy AI models at scale with ease. Low-code approaches are also ideal for managing the entire AI application lifecycle, from development to deployment and maintenance. Data governance strategies are essential for low-code AI projects, and these platforms offer features to help businesses manage data access and security. Building secure and compliant AI applications is also simplified using low-code tools. Low-code AI platforms can also enhance data visualization capabilities, enabling businesses to gain deeper insights from their data. Integration with cloud platforms and business process automation tools further expands their functionality. Compared to traditional AI development methods, low-code AI platforms offer a more agile and iterative approach, allowing businesses to build and deploy AI models faster and more cost-effectively. For instance, a financial services firm can use low-code tools to build and deploy AI-powered chatbots, improving customer service and reducing operational costs by up to 30%. Best practices for secure development of low-code AI applications include implementing access controls, encryption, and regular security updates. By following these practices, businesses can mitigate risks and ensure the confidentiality, integrity, and availability of their AI applications.
What is the expected growth of the Low-Code AI Platform Market between 2025 and 2029?
USD 32.26 billion, at a CAGR of 32.2%
What segmentation does the market report cover?
The report is segmented by Component (Platforms and Services), Technology (Natural language processing, Machine learning, and Computer vision), Deployment (Cloud and On-premises), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
Which regions are analyzed in the report?
North America, APAC, Europe, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Democratization of artificial intelligence and addressing acute talent scarcity, Governance, security, and management of shadow IT
Who are the major players in the Low-Code AI Platform Market?
AgilePoint Inc., Appian Corp., Autonom8 Inc., Betty Blocks BV, Caspio, Inc., Huawei Cloud Computing Technologies Co. Ltd., Kissflow Inc., Mendix Technology BV, Microsoft Corp., Nintex Global Ltd., Oracle Corp., OutSystems Software em Rede SA, Pegasystems Inc., Quickbase Inc., RETOOL, RunMyProcess, Salesforce Inc., ServiceNow Inc., TrackVia Inc., and Zoho Corp. Pvt. Ltd.
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Technology
9 Market Segmentation by Deployment
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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