Latin America No Code Ai Platform Market Size & Outlook
Latin America no code ai platform market, 2018-2030 (US$M)
Related Markets
Latin America no code ai platform market highlights
- The Latin America no code ai platform market generated a revenue of USD 181.9 million in 2023.
- The market is expected to grow at a CAGR of 33.1% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 181.9 million |
| Market revenue in 2030 | USD 1,343.2 million |
| Growth rate | 33.1% (CAGR from 2023 to 2030) |
| Largest segment | No-code ai platforms |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.7% of the global no code ai platform market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,254.9 million by 2030.
No-code ai platforms was the largest segment with a revenue share of 77.19% in 2023. Horizon Databook has segmented the Latin America no code ai platform market based on no-code ai platforms, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the regional market can be attributed to the growing adoption of no-code AI platforms by government entities to enhance public services, streamline administrative processes, and improve citizen engagement. The trend signifies the realization of the potential no-code AI platforms hold in driving efficiency and innovation in governance.
No-code AI platforms are playing a crucial role in addressing environmental sustainability challenges. Organizations in Latin America are employing these platforms to develop AI applications that contribute to sustainable practices, such as optimizing energy consumption, reducing waste, and improving resource efficiency, as part of the corporate social responsibility and environmental protection initiatives.
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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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Latin America no code ai platform market size, by country, 2018-2030 (US$M)
Latin America No Code AI Platform Market Outlook Share, 2023 & 2030 (US$M)
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