Europe Machine Learning Market Size & Outlook, 2023-2030
Europe machine learning market, 2018-2030 (US$M)
Related Markets
Europe machine learning market highlights
- The Europe machine learning market generated a revenue of USD 12,071.5 million in 2023.
- The market is expected to grow at a CAGR of 31.3% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 12,071.5 million |
| Market revenue in 2030 | USD 81,351.7 million |
| Growth rate | 31.3% (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 |
| 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, Europe region accounted for 23.2% of the global machine learning market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 191,866.5 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 |
|---|
Europe 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 53.21% in 2023. Horizon Databook has segmented the Europe machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Significant innovations and vendor offer are considerably aiding the development of the Canadian market. For instance, in July 2023, Tübingen welcomed the first ELLIS Institute in Europe. The ELLIS Institute will create exceptional conditions for top AI researchers globally thanks to the extraordinarily kind contribution from the Hector Foundation. As a result, it will also face competition from big companies' AI research and development departments.
Machine learning and AI research are major areas of attention at several prestigious universities and European research institutions. Some institutions with robust AI research programs include the University of Cambridge, ETH Zurich, University of Oxford, Imperial College London, and Max Planck Institute for Intelligent Systems (Tübingen).
Several prestigious machine learning and artificial intelligence conferences are held throughout Europe, drawing researchers, academics, and business executives worldwide. A few notable events include the Conference on NeurI PS (Neural Information Processing Systems), the ICML (International Conference on Machine Learning), and the Principles and Practice of Knowledge Discovery in Databases and the European Conference on Machine Learning.
Reasons to subscribe to Europe 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 Europe 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 continent-level data and insights on the Europe machine learning market , including forecasts for subscribers. This continent databook contains high-level insights into Europe machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe machine learning market size, by country, 2018-2030 (US$M)
Europe 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
