India Machine Learning Market Size & Outlook, 2023-2030
India machine learning market, 2018-2030 (US$M)
Related Markets
India machine learning market highlights
- The India machine learning market generated a revenue of USD 1,964.2 million in 2023 and is expected to reach USD 33,158.0 million by 2030.
- The India market is expected to grow at a CAGR of 49.7% 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 1,964.2 million |
| Market revenue in 2030 | USD 33,158.0 million |
| Growth rate | 49.7% (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, India accounted for 3.8% 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 Asia Pacific, China machine learning market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,602.9 million by 2030.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 India machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Indian firms have a huge chance to spend more and innovate more as the tech sector continues to benefit the Indian economy. This is particularly true in the domains of artificial intelligence (AI) and machine learning (ML).
Technology industry buzzwords AI and ML are now essential tools for enterprises as they compete in an increasingly digital environment. The healthcare sector in India is set to undergo an exciting digital shift. With the introduction of 5G in India, the adoption of machine learning and other cutting-edge technologies—such as automation and other AI approaches like natural language processing—is soaring. Healthcare professionals are more aware of technologically enabled techniques to accomplish more with less manual labor.
The startup scene in India is thriving, and numerous companies are developing AI and machine learning solutions for various industries, including healthcare, banking, e-commerce, agriculture, and more. These firms frequently apply AI technologies to address issues unique to India.
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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 India machine learning market , including forecasts for subscribers. This country databook contains high-level insights into India machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India machine learning market size, by component, 2018-2030 (US$M)
India Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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