Mexico Machine Learning Market Size & Outlook, 2023-2030
Mexico machine learning market, 2018-2030 (US$M)
Related Markets
Mexico machine learning market highlights
- The Mexico machine learning market generated a revenue of USD 2,053.6 million in 2023 and is expected to reach USD 13,412.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 30.7% 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 2,053.6 million |
| Market revenue in 2030 | USD 13,412.9 million |
| Growth rate | 30.7% (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, Mexico accounted for 3.9% 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 |
|---|
Mexico 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 52.69% in 2023. Horizon Databook has segmented the Mexico machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Wizeline organization, which is one of the leading companies that provide AI-powered digital product & customer experience solutions, announced establishing the Wizeline Artificial Intelligence Academy in Mexico.
This institute provides courses like machine learning and advanced software engineering. MiCAMPANA, which is another AI start-up in Mexico, raised funds worth around $500,000, for the purpose of innovating cloud-based services and its ML & AI marketing platforms.
Precision agricultural techniques made possible by AI are revolutionizing Mexican agriculture. Farmers can optimize fertilization and pest management thanks to sensors and drones driven by AI that collect information on weather patterns, soil quality, and crop health: crop yields and resource efficiency rise as a result of this.
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Our clientele includes a mix of machine learning market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico machine learning market , including forecasts for subscribers. This country databook contains high-level insights into Mexico machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico machine learning market size, by component, 2018-2030 (US$M)
Mexico Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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