Australia No Code Ai Platform Market Size & Outlook
Australia no code ai platform market, 2018-2030 (US$M)
Related Markets
Australia no code ai platform market highlights
- The Australia no code ai platform market generated a revenue of USD 69.3 million in 2023 and is expected to reach USD 503.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 32.8% from 2024 to 2030.
- In terms of segment, no-code ai platforms was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
No code ai platform market data book summary
| Market revenue in 2023 | USD 69.3 million |
| Market revenue in 2030 | USD 503.5 million |
| Growth rate | 32.8% (CAGR from 2023 to 2030) |
| Largest segment | No-code ai platforms |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | No-code AI Platforms, Services |
| Key market players worldwide | Amazon.com Inc, Apple Inc, Caspio, Alphabet Inc Class A, Microsoft Corp |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global no code ai platform market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China no code ai platform market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 965.8 million by 2030.
No-code ai platforms was the largest segment with a revenue share of 75.61% in 2023. Horizon Databook has segmented the Australia no code ai platform market based on no-code ai platforms, services covering the revenue growth of each sub-segment from 2018 to 2030.
Significant cloud solutions offered by major players in Australia is prominently augmenting the market growth. For instance, in January 2024, Agnostiq, Inc. has unveiled the incorporation of NexGen Cloud's Hyperstack GPU compute capabilities into its Covalent Cloud solution.
This integration allows customers using Covalent Cloud to enjoy effortless access to the expanding array of high-quality GPU hardware offered by Hyperstack, such as the NVIDIA H100, A100, L40, and other models. This collaboration marks a substantial augmentation of GPU resources within the Covalent Cloud platform, simultaneously broadening the user base of Hyperstack in the realm of AI and Machine Learning.
In Australia, local platforms are emerging alongside global players, catering to both general and industry-specific needs. Investment, collaboration, and government support are fuelling advancements, while educational initiatives ensure a skilled workforce.
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No Code AI Platform Market Scope
No Code AI Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia no code ai platform market size, by component, 2018-2030 (US$M)
Australia No Code AI Platform Market Outlook Share, 2023 & 2030 (US$M)
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