Global Automated Machine Learning (AutoML) Business

Machine Learning


Dublin, July 15, 2024 (GLOBE NEWSWIRE) — The report “Automatic Machine Learning (AutoML) – Global Strategic Business Report” ResearchAndMarkets.com Recruitment.

The global Automatic Machine Learning (AutoML) market is estimated to reach USD 1.1 billion in 2023 and is projected to reach USD 10.9 billion by 2030, growing at a CAGR of 39.3% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help you make informed business decisions.

Additionally, AutoML is seeing expanded application across industries due to its integration with advances in AI and computing power, and its synergy with cloud computing platforms, which provide the scalable computing resources necessary to run complex models and support the burgeoning demand for predictive analytics in sectors such as healthcare, finance, and retail.

Despite these benefits, the adoption of AutoML comes with challenges. For example, it requires ongoing oversight by experienced experts to ensure models are applied correctly and ethically. Concerns around data privacy, potential bias in decision-making, and overall transparency of AI systems also pose major obstacles. As AutoML continues to evolve, addressing these ethical and practical challenges will be paramount to fully realizing its potential and ensuring responsible use across the industry.

Key insights:

  • Market Growth: Understand the significant growth trajectory of the AutoML solutions segment. The AutoML solutions segment is expected to reach USD 5.6 billion by 2030, at a CAGR of 35.3%. The AutoML services segment is also expected to grow at a CAGR of 44.8% during the analysis period.
  • Regional Analysis: Gain insights into the US market, estimated to reach $291.9 million in 2023, and the Chinese market, projected to grow at a staggering CAGR of 36.7% to reach $1.5 billion by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.

Report highlights:

  • Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.
  • Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
  • Company Profiles: Features major companies such as Alteryx, Inc., Amazon Web Services, Inc., and Databricks, Inc.
  • Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.

Reasons to buy this report:

  • In-depth Market Analysis: Access an exhaustive analysis of the global Automatic Machine Learning (AutoML) market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape including the market presence of key players across various regions.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global Automatic Machine Learning (AutoML) market.
  • Actionable Insights: Leverage actionable insights that help you identify new revenue opportunities and make strategic business decisions.

Answers to your main questions:

  • How is the global Automatic Machine Learning (AutoML) market expected to evolve by 2030?
  • What are the key drivers and restraints impacting the market?
  • Which market segment will witness the highest growth during the forecast period?
  • How will the market shares of different regions and segments change by 2030?
  • Who are the key players in the market and what are their prospects?

Key attributes:

Report Attributes detail
number of pages 210
Forecast Period 2023 – 2030
Estimated market value in 2023 (USD) $1.1 billion
Market value forecast to 2030 (USD) $10.9 billion
Compound Annual Growth Rate 39.3%
Target area global

Market Overview

  • Influencer Market Insights
  • Global Market Trajectory
  • Latest News from the World Economy
  • Automated Machine Learning (AutoML) – Market Share Percentage of Key Competitors Globally in 2024 (E)
  • Competitive Market Presence for Global Players in 2024 – Strong/Active/Niche/Trivial Market (E)

Market Trends and Drivers

  • AutoML Tools Democratize Data Science
  • Increasing Adoption of Cloud Computing Drives Growth of AutoML Solutions
  • Need to simplify predictive analytics drives adoption across industries
  • Integration with IoT devices expands market opportunity for AutoML
  • Low-code/No-code Platforms Strengthen the Business Case for AutoML
  • AutoML in Fraud Detection Puts Financial Security in the Spotlight
  • The role of AutoML in real-time decision making sustains growth in dynamic environments
  • AutoML in Pharmaceutical R&D Accelerates Drug Discovery
  • Increased AI Investments Drive Growth of AutoML Solutions
  • Why AutoML is becoming a key tool for the enterprise

Focus on the selected players (Total of 23 listings)

  • Alteryx Inc.
  • Amazon Web Services, Inc.
  • Databricks Inc.
  • Dataiku SAS
  • Data Robot Inc.
  • Dot Data
  • Google Cloud Platform
  • IBM Corporation
  • Microsoft Learning
  • MathWorks

For more information on this report, please visit: https://www.researchandmarkets.com/r/vkph2w

About ResearchAndMarkets.com
ResearchAndMarkets.com is a leading global source of international market research reports and market data providing the latest information on international markets, regional markets, key industries, top companies, new products and latest trends.

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