Global Machine Learning Market Size & Outlook, 2025-2030
Global machine learning market, 2018-2030 (US$M)
Related Markets
Global machine learning market highlights
- The global machine learning market generated a revenue of USD 55,805.8 million in 2024 and is expected to reach USD 282,132.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 30.4% by 2030.
- In terms of segment, services accounted for a revenue of USD 41,379.7 million in 2024.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 55,805.8 million |
| Market revenue in 2030 | USD 282,132.0 million |
| Growth rate | 30.4% (CAGR from 2025 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 29.0% of the global machine learning market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 11,742.7 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SAS Institute Inc. | View profile | - | - | - |
| Intel Corporation | View profile | - | - | - |
| Hewlett-Packard Development Company, L.P. | View profile | - | - | - |
| International Business Machines Corporation | View profile | - | - | - |
| Amazon Web Services, Inc. | View profile | - | - | - |
| View profile | 10001+ | Mountain View, California, United States, North America | https://www.google.com | |
| H2O.ai | View profile | 251-500 | Mountain View, California, United States, North America | http://h2o.ai |
| Baidu Inc ADR | View profile | 45500 | No. 10 Shangdi 10th Street, Baidu Campus, Haidian District, Beijing, China, People's Republic of, 100085 | https://ir.baidu.com |
| SAP SE ADR | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
Global 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 machine learning market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 74.15% in 2024. Horizon Databook has segmented the Global machine learning market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Machine Learning Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Global Machine Learning Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- SMEs
- Large Enterprises
- Global Machine Learning End Use Outlook (Revenue, USD Million, 2018-2030)
- Healthcare
- BFSI
- Law
- Retail
- Advertising & Media
- Automotive & Transportation
- Agriculture
- Manufacturing
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global machine learning market , including forecasts for subscribers. This global databook contains high-level insights into Global machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global machine learning market size, by regions, 2018-2030 (US$M)
Top 10 countries: Machine learning market size, 2024 (US$M)
Global machine learning market share, by component, 2024 & 2030 (%, US$M)
Machine learning market: Opportunity assessment by country
Global machine learning market, by region, 2024 (US$M)
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