Brazil Machine Learning Market Size & Outlook, 2023-2030
Brazil machine learning market, 2018-2030 (US$M)
Related Markets
Brazil machine learning market highlights
- The Brazil machine learning market generated a revenue of USD 2,216.5 million in 2023 and is expected to reach USD 23,132.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 39.8% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Machine learning market data book summary
| Market revenue in 2023 | USD 2,216.5 million |
| Market revenue in 2030 | USD 23,132.5 million |
| Growth rate | 39.8% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Amazon.com Inc, Baidu Inc ADR, Alphabet Inc Class A, Hewlett Packard Enterprise Co, Intel Corp, International Business Machines Corp, Microsoft Corp, SAS, SAP SE |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.3% of the global machine learning market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil machine learning market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 23,132.5 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 52.7% in 2023. Horizon Databook has segmented the Brazil machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Mi CAMPANA, another AI start-up in Mexico, raised funds worth around $500,000 to innovate cloud-based services and its ML & AI marketing platforms. AI is significantly shaping the future of Brazilian urban management and planning.
In order to make its cities more effective and sustainable urban centers, the nation is utilizing AI technologies to enhance public services, increase energy efficiency, and optimize transportation infrastructure.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Brazil machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil machine learning market size, by component, 2018-2030 (US$M)
Brazil Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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