Global Automated Machine Learning Market Size & Outlook
Global automated machine learning market, 2017-2030 (US$M)
Related Markets
Global automated machine learning market highlights
- The global automated machine learning market generated a revenue of USD 2,658.9 million in 2023 and is expected to reach USD 21,969.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 35.2% by 2030.
- In terms of segment, services accounted for a revenue of USD 1,392.9 million in 2023.
- Solution is the most lucrative offering segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,658.9 million |
| Market revenue in 2030 | USD 21,969.7 million |
| Growth rate | 35.2% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Solution |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 30.7% of the global automated machine learning market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,383.6 million by 2030.
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Automated Machine Learning Market Scope
Automated Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automated machine learning market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automated machine learning market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 52.39% in 2023. Horizon Databook has segmented the Global automated machine learning market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Automated Machine Learning Offering Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Services
- Global Automated Machine Learning Enterprise Size Outlook (Revenue, USD Million, 2017-2030)
- SMEs
- Large Enterprises
- Global Automated Machine Learning Deployment Outlook (Revenue, USD Million, 2017-2030)
- Cloud
- On-premises
- Global Automated Machine Learning Application Outlook (Revenue, USD Million, 2017-2030)
- Data Processing
- Feature Engineering
- Model Selection
- Hyperparameter Optimization Tuning
- Model Ensembling
- Others
- Global Automated Machine Learning Vertical Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Retail & E commerce
- Healthcare
- Government & Defense
- Manufacturing
- Media & Entertainment
- Automotive & transportation
- IT & Telecommunications
- Others
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Our clientele includes a mix of automated machine learning market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automated machine learning market , including forecasts for subscribers. This global databook contains high-level insights into Global automated machine learning market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global automated machine learning market size, by regions, 2017-2030 (US$M)
Top 10 countries: Automated machine learning market size, 2023 (US$M)
Global automated machine learning market share, by offering, 2023 & 2030 (%, US$M)
Automated machine learning market: Opportunity assessment by country
Global automated machine learning market, by region, 2023 (US$M)
| Offering | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 164.8 | 211.2 | 273.9 | 360.0 | 479.5 | 647.6 | 816.8 | 1,038.7 | 1,332.3 | 1,723.7 | 2,249.9 | 2,963.3 | 3,939.0 | 5,285.2 | 30.6% |
| Europe | 116.8 | 152.4 | 201.1 | 268.9 | 364.4 | 500.8 | 642.7 | 831.6 | 1,085.3 | 1,428.7 | 1,897.5 | 2,542.9 | 3,439.3 | 4,695.4 | 32.9% |
| Asia Pacific | 84.6 | 116.5 | 162.5 | 229.7 | 328.9 | 477.6 | 647.7 | 885.6 | 1,221.3 | 1,698.9 | 2,384.3 | 3,376.4 | 4,825.6 | 6,961.6 | 40.4% |
| Latin America | 40.0 | 54.3 | 74.6 | 103.8 | 146.4 | 209.4 | 279.7 | 376.7 | 511.8 | 701.3 | 969.4 | 1,352.3 | 1,903.8 | 2,705.5 | 38.3% |
| MEA | 28.8 | 43.0 | 63.4 | 93.0 | 136.4 | 200.4 | 272.1 | 368.9 | 500.2 | 678.4 | 921.1 | 1,252.2 | 1,704.2 | 2,322.1 | 35.8% |
| Overall | 435.0 | 577.2 | 775.5 | 1,055.4 | 1,455.6 | 2,035.9 | 2,658.9 | 3,501.6 | 4,650.8 | 6,231.0 | 8,422.3 | 11,487.2 | 15,812.0 | 21,969.7 | 35.2% |
Related regional statistics
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