U.S. Machine Learning Market Size & Outlook, 2023-2030
U.S. machine learning market, 2018-2030 (US$M)
Related Markets
U.S. machine learning market highlights
- The U.S. machine learning market generated a revenue of USD 9,508.5 million in 2023 and is expected to reach USD 44,018.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 24.5% 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 9,508.5 million |
| Market revenue in 2030 | USD 44,018.6 million |
| Growth rate | 24.5% (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, U.S. accounted for 18.3% 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.
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Machine Learning Market Scope
Machine Learning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 U.S. machine learning market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Artificial Neural Networks (ANN) are used hierarchically during machine learning. The deep learning algorithms market is predicted to grow in the United States. Additionally, it is anticipated that the market for machine learning will grow across all end-use industries due to many companies enhancing their deep learning capabilities to promote innovation.
The amount of data has increased to more than ever has been produced in the past few years. Big Data has the greatest impact on the BFSI, healthcare, IT & telecom, and automobile industries. The adoption of Big Data services has increased admirably in the United States.
The country's thriving big data business is primarily driven by the rising need for data from structured and unstructured sources made possible by the expanding public and private utilities and services.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. machine learning market , including forecasts for subscribers. This country databook contains high-level insights into U.S. machine learning market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. machine learning market size, by component, 2018-2030 (US$M)
U.S. Machine Learning Market Outlook Share, 2023 & 2030 (US$M)
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