Canada Machine Learning Market Size & Outlook, 2023-2030
Canada machine learning market, 2018-2030 (US$M)
Related Markets
Canada machine learning market highlights
- The Canada machine learning market generated a revenue of USD 5,108.9 million in 2023 and is expected to reach USD 36,008.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 32.2% 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 5,108.9 million |
| Market revenue in 2030 | USD 36,008.3 million |
| Growth rate | 32.2% (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, Canada accounted for 9.8% 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 North America, U.S. machine learning market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 36,008.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 53.82% in 2023. Horizon Databook has segmented the Canada machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Due to the combined efforts of academic institutions, the federal government, corporations, and start-ups throughout Canada, artificial intelligence (AI) is leaving the lab and entering various industries, which are already changing supply chains, business models, and working procedures.
Canada is leading the world in machine learning innovation. The nation remains a hub for AI research and development, significantly contributing to the global advancement of machine learning technologies, algorithms, and applications.
Machine learning innovation is becoming more prevalent and has the potential to alter sectors, boost the economy, and enhance Canadians' quality of life. Canadian universities and research organizations have been the forefront of machine learning research.
Reasons to subscribe to Canada machine learning market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada machine learning market databook
-
Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Canada machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada machine learning market size, by component, 2018-2030 (US$M)
Canada Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
