Global AI builder sales revenue is estimated to reach USD 5.1 billion in 2023. The market is likely to surpass USD 20.1 billion by 2033. From 2023 to 2033, global AI builder demand is forecast to surge at an impressive CAGR of 31.1%.
From once a science fiction to now a reality, the role of artificial intelligence (AI) is rapidly rising in the modern tech-driven world. It is becoming an indispensable part of our everyday experiences.
Artificial intelligence plays a key role in delivering intelligent assistance during interaction with technology. This revolutionary technology has the potential to allow businesses to automate their processes, make better decisions, and improve efficiency.
A power platform capability that delivers AI models designed to optimize business processes is known as an AI builder. Adoption of AI builder allows businesses to use intelligence to automate processes and get insights from their data in Power Automate and Power Apps.
AI builder platforms provide a low-code user experience for developers to develop and customize their Flows and Power Apps. Thanks to AI builders, introducing artificial intelligence into projects without requiring coding experts has become possible.
Growing adoption of AI builder solutions across various industries to speed up processes, improve performance, and predict outcomes through AI insights is expected to boost the global market.
In recent years, there has been a dramatic increase in adoption of AI technologies globally. For instance, as per IBM’s reports, in 2022, global AI adoption rate increased by 35%. Around 35% of companies today are using AI while 42% of companies are exploring AI. This will boost sales in the global AI builder industry.
AI builder solutions are being used by businesses for optimizing and automating business processes. They eliminate the need for coding or data science skills by bringing the power of AI through a point-and-check experience.
The market growth is being propelled by rising penetration of digitalization and an increasing focus on workflow automation.
The adoption of AI builders for workflow automation is increasing as businesses are looking for ways to streamline their processes and improve productivity. AI builders can help automate processes that are repetitive and time-consuming, allowing employees to focus on more strategic tasks.
AI helps in identifying patterns and anomalies in data that humans may not be able to detect, leading to better decision-making and improved outcomes. Hence, usage of AI technologies can allow businesses to reduce errors and improve accuracy. These advantages will fuel adoption of AI builders which will eventually boost global AI builder sales revenues.
| Attribute | Details |
|---|---|
| Estimated Global AI Builder Market Size (2023) | USD 5.1 billion |
| Projected AI Builder Market Value (2033) | USD 20.1 billion |
| Value-based CAGR (2023 to 2033) | 31.1% |
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As per Future Market Insights’ (FMI) latest analysis, from 2018 to 2022, the global market for AI builders experienced a CAGR of 26.7%. Looking ahead, global AI builder sales are expected to rise at a CAGR of 31.1% from 2023 to 2033.
Growth in the market is driven by increasing adoption of AI solutions across various industries and advancements in machine learning algorithms and natural language processing.
The availability of big data and growing demand for automation and digital transformation will also boost the global market.
The emergence of low-code and no-code AI development platforms has made it easier for businesses to adopt and integrate AI solutions, even without deep technical expertise. This in turn is supporting the expansion of the AI builder industry.
Growing demand for automation and efficiency in business processes and advancements in Ai builder solutions are likely to create lucrative opportunities for AI builders.
United States to Witness Steady Growth due to Favorable Technology & Innovation Ecosystem
| Attribute | Details |
|---|---|
| Country | United States |
| Market Size (USD billion) by End of Forecast Period (2033) | USD 5.09 billion |
| CAGR % from 2023 to End of Forecast (2033) | 32.9% |
The United States AI builder market is projected to reach a valuation of USD 5.09 billion by 2033. From 2023 to 2033, AI builder demand in the country is likely to soar at a CAGR of 32.9%.
Strong presence of large enterprises and technological innovations in AI models are key factors driving the United States Market.
Expansion of industries, such as healthcare, finance, and manufacturing, is creating significant demand for AI builder solutions. This is because they can help to improve efficiency, reduce costs, and drive innovation.
Increasing Government Initiatives Fueling AI Builder Demand in the United Kingdom
| Attribute | Details |
|---|---|
| Country | The United Kingdom |
| Market Size (USD billion) by End of Forecast Period (2033) | USD 0.73 billion |
| CAGR % from 2023 to End of Forecast (2033) | 27.4% |
AI builder demand in the United Kingdom is forecast to rise at 27.2% CAGR between 2023 and 2033. By 2033, total market valuation is expected to reach USD 0.73 billion.
The United Kingdom market is projected to experience growth as the government has recognized the potential of AI. It is taking steps to promote adoption of AI through initiatives such as the AI Sector Deal and the establishment of the Centre for Data Ethics and Innovation.
Rising popularity of AI technologies due to their various benefits will further boost the United Kingdom market.
Increasing Demand for AI-powered Products and Services Making China a Lucrative Market
| Attribute | Details |
|---|---|
| Country | China |
| Market Size (USD billion) by End of Forecast Period (2033) | USD 2.7 billion |
| CAGR % from 2023 to End of Forecast (2033) | 33.6% |
China AI builder industry is anticipated to reach a valuation of USD 2.7 billion by 2033. It is forecast to exhibit an impressive CAGR of 33.6% during the forecast period.
Growth in China market is expected to be driven by increasing demand for AI-powered products and services among large and rapidly growing middle class. This includes smart homes, autonomous vehicles, and intelligent personal assistants
Growing Need for Customized Market Analytics & Solutions to Boost India AI Builder Industry
| Attribute | Details |
|---|---|
| Country | India |
| Market Size (USD billion) by End of Forecast Period (2033) | USD 0.93 billion |
| CAGR % from 2023 to End of Forecast (2033) | 35.8% |
The AI builder industry in India is forecast to exceed a valuation of USD 0.93 billion by the end of 2033. Total AI builder sales revenue in India is expected to surge at a CAGR of around 35.8% during the forecast period.
Increasing adoption of AI-powered solutions by businesses to enhance their operations, reduce costs, and increase efficiency is a prominent factor driving India market.
AI builders can provide customized solutions that meet the specific needs of different businesses. Growing awareness about the advantages of AI builder solutions will thus play a key role in boosting India market.
Conversational AI Builder to Dominate the AI Builder Industry Through 2033
As per Future Market Insights (FMI), conversational AI builder segment is expected to dominate the global market during the forecast period. Demand for conversational AI builders is likely to surge at 28.7% CAGR from 2023 to 2033.
Growing applications of conversational artificial intelligence technologies such as chatbots across various industries is driving growth of the target segment.
Conversational AI is integrated with various other technologies, such as natural language processing (NLP), machine learning (ML), and voice recognition, to provide even more powerful and customized solutions.
Conversational AI automates several routine tasks, such as customer service and support, freeing up staff to focus on more complex and valuable tasks. This leads to cost savings and improved efficiency for businesses.
Healthcare Sector to Remain Leading End-user of AI Builder Solutions
The healthcare industry is expected to remain the leading end user of AI builders. It is forecast to exhibit a CAGR of 33.6% from 2023 to 2033. This segment captures a significant market share in 2023 due to the potential for AI to improve patient outcomes, reduce costs, and enhance the efficiency of medical research.
Healthcare generates a lot of data, and AI builder solutions can help healthcare providers analyze and interpret this data to improve patient outcomes, reduce costs, and enhance the efficiency of medical research.
Applications of AI in healthcare include medical imaging, electronic health records, drug discovery, and personalized medicine. Hence, rising applications in healthcare industry will create lucrative opportunities for AI builders.
The AI builder industry is becoming extremely competitive due to presence of numerous players. In such a scenario, key players must adopt effective strategies to stay ahead of the competition.
Key Strategies Adopted by the Players
Product Innovation
Key companies are focusing on expanding their portfolios to meet changing end user demand. They are vigorously investing hugely in research and development to introduce innovative solutions. This will enable them to differentiate themselves from their competitors and cater to the evolving needs of customers.
Strategic Partnerships and Collaborations
Leading AI builders often form strategic partnerships and collaborations with other companies to leverage their strengths and expand their reach in the market. This will also help them to gain access to new technologies and markets.
Expansion into Emerging Markets
The AI builder industry is witnessing significant expansion in emerging markets such as India and China. Key companies are expanding their presence in these markets by establishing local technology delivery centers and strengthening their channel partner networks.
Mergers and Acquisitions
To consolidate their market position and gain access to new markets, players also engage in mergers and acquisitions
Key Players in the AI Builder Industry
Key Developments in the Market:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 5.1 billion |
| Projected Market Size (2033) | USD 20.1 billion |
| Anticipated Growth Rate (2023 to 2033) | 31.1% CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and Middle East and Africa |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, Türkiye, South Africa, GCC Countries, and Others. |
| Key Segments Covered | Type, Deployment, Enterprise Size, Industry, and Region |
| Key Companies Profiled | Microsoft Corporation; IBM Corporation; Google LLC; Amazon Web Services; Salesforce.com |
From 2018 to 2022, the global market evolved at a 26.7% HCAGR.
The market to continue to evolve at a 31.1% CAGR through 2033.
The global market has the potential to be worth USD 20.1 billion by 2033.
By 2023, the market to have achieved USD 5.1 billion in sales.
AI builder demand in the United States is predicted to increase at a CAGR of 32.9% between 2023 and 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Pricing Analysis 5. Global Market Demand (in Value in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Market Background 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type 7.1. Conversational 7.2. Predictive 7.3. Chatbot Builders 7.4. Workflow Automation Builders 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Deployment Mode 8.1. On-Premises 8.2. Cloud-Based 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Enterprise Size 9.1. Small Enterprises 9.2. Medium Enterprises 9.3. Large Enterprises 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Industry 10.1. Healthcare 10.2. BFSI 10.3. IT & Telecom 10.4. Manufacturing 10.5. Government 10.6. Retail & Consumer Goods 10.7. Others 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. North America 11.2. Latin America 11.3. East Asia 11.4. South Asia & Pacific 11.5. Western Europe 11.6. Eastern Europe 11.7. Central Asia 11.8. Russia & Belarus 11.9. Balkan & Baltics 11.10. Middle East & Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Balkan & Baltics Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Key Countries Analysis - Market 23. Market Structure Analysis 24. Competition Analysis 24.1. Microsoft Corporation 24.2. IBM Corporation 24.3. Google LLC 24.4. Amazon Web Deployment Mode, Inc. 24.5. Salesforce.com, Inc. 24.6. Oracle Corporation 24.7. SAP SE 24.8. Intel Corporation 24.9. NVIDIA Corporation 24.10. Infosys Limited 25. Assumptions and Acronyms Used 26. Research Methodology
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