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Industry Landscape
The low-code/no-code market is rapidly expanding, driven by the increasing demand for accelerated application development and digital transformation. Integration of AI is a key differentiator, enabling more intelligent automation and sophisticated tool creation. The focus is on empowering both IT and business users to build solutions efficiently, addressing development backlogs and improving operational agility.
Total Assets Under Management (AUM)
Market Size in United States
~30.1 billion USD
(23.6% CAGR)
The growth is primarily driven by:
- Increased demand for rapid application development.
- Adoption of AI and automation capabilities.
- Expansion across various industries and departments.
Total Addressable Market
30.1 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Application Development
This involves AI systems that can automatically generate code, UI components, or even entire application modules based on natural language descriptions or user intent, accelerating development exponentially.
AI-Native Database and Data Management
Integration of AI directly into database functionalities for intelligent data modeling, schema generation, query optimization, and autonomous data management, enhancing efficiency and accuracy.
Hyperautomation Platforms
The evolution of automation tools to incorporate AI, machine learning, robotic process automation (RPA), and low-code/no-code platforms to automate virtually any repeatable business process.
Impactful Policy Frameworks
AI Risk Management Framework (NIST AI RMF 1.0, 2023)
Published by the National Institute of Standards and Technology (NIST), this framework provides voluntary guidance for managing risks associated with AI, aiming to promote trustworthy and responsible AI development and deployment.
It will push ToolJet to integrate robust AI governance features into its platform, ensuring its AI agents and generation capabilities adhere to ethical and risk mitigation standards, which can be a competitive differentiator.
Cybersecurity Executive Order (EO 14028, 2021)
This U.S. Executive Order, 'Improving the Nation's Cybersecurity,' mandates enhanced cybersecurity measures for federal agencies and their contractors, focusing on supply chain security, software bill of materials (SBOM), and incident response.
ToolJet, especially with its self-hosted and enterprise offerings, must ensure its platform and the applications built on it meet increasingly stringent federal cybersecurity standards, potentially requiring deeper security integrations and compliance certifications.
American Data Privacy and Protection Act (ADPPA, Proposed - 2022/2023)
While not yet enacted, this proposed federal privacy legislation aims to establish a comprehensive national privacy framework in the U.S., including data minimization, consent requirements, and robust consumer rights.
If passed, it would compel ToolJet to ensure its database and data handling features facilitate compliance with strict data privacy rules for all applications built on its platform, affecting data storage, processing, and user consent mechanisms.
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