Germany Machine Learning Market Size & Outlook, 2023-2030
Germany machine learning market, 2018-2030 (US$M)
Related Markets
Germany machine learning market highlights
- The Germany machine learning market generated a revenue of USD 2,977.0 million in 2023 and is expected to reach USD 19,603.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 30.9% 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 2,977.0 million |
| Market revenue in 2030 | USD 19,603.8 million |
| Growth rate | 30.9% (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, Germany accounted for 5.7% 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 Europe, UK machine learning market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 6,715.2 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 53.18% in 2023. Horizon Databook has segmented the Germany machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Highly developed economies, like Germany, with a high GDP per capita and challenges such as a quickly aging population will increasingly need to rely on automation based on AI to achieve its GDP targets. About one-third of Germany’s GDP aspiration for 2030 depends on productivity gains.
AI is expected to lift performance across all industries and especially in those with a high share of predictable tasks such as Germany’s industrial sector. AI-enabled work could raise productivity in Germany by 0.8 to 1.4% annually.
Growth factors of machine learning in Germany include the increasing availability of data, advancements in computing power, and the growing need for automation and optimization across industries.
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Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Germany machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany machine learning market size, by component, 2018-2030 (US$M)
Germany Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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