Global Machine Learning Market Size & Outlook, 2023-2030
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 52,021.8 million in 2023 and is expected to reach USD 419,943.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 34.8% by 2030.
- In terms of segment, services accounted for a revenue of USD 27,527.6 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 52,021.8 million |
| Market revenue in 2030 | USD 419,943.9 million |
| Growth rate | 34.8% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| 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 | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 28.1% of the global machine learning market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 2,408.8 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 52.92% in 2023. Horizon Databook has segmented the Global machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Machine Learning Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- 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)
- BFSI
- Healthcare
- Retail
- 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, 2023 (US$M)
Global machine learning market share, by component, 2023 & 2030 (%, US$M)
Machine learning market: Opportunity assessment by country
Global machine learning market, by region, 2023 (US$M)
Related regional statistics
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