Revenue to be achieved by the global automated machine learning market

HYDERABAD, June 28, 2023 (Globe Newswire) — According to a new market research report titled,Automated Machine Learning Market (2023-2028)”, the market is estimated at USD 1.24 billion in 2023 and is expected to register a CAGR of 42.97% during the forecast period (2023-2028).

Advances in data science and artificial intelligence have improved the performance of automated machine learning. As companies realize the potential of this technology, its adoption rate is likely to increase during the forecast period. Automated Machine Learning (AutoML) enables domain experts to automatically build machine learning applications without machine learning knowledge or extensive statistics.

Report summary:

report attribute	detail
Market size (2023)	$1.24 billion
Market size (2028)	$7.42 billion
CAGR (2023 – 2028)	42.97%
study period	2018-2028
fastest growing market	Asia Pacific
largest market	North America
Forecast unit	Value (USD Billion)
Report scope	Market dynamics, revenue forecast and segmentation, competitive landscape and recent developments, market growth, future opportunities, and trends
Key market drivers	Companies sell automated machine learning solutions on a subscription basis, making it easy for customers to use the technology.
	Advances in data science and artificial intelligence have improved the performance of automated machine learning.

Who are the top companies in Global automated machine learning market?

The global automated machine learning market is moderately fragmented. Several new players are entering the market and competition is heating up.

By 2023, the following key players will collectively dominate the global automation market, capturing a majority of market shares:

• Data Robot Co., Ltd.
• Amazon Web Services, Inc.
• Dot Data Co., Ltd.
• IBM Corporation
• Dataiku
• SAS Institute Co., Ltd.
• microsoft
• Google LLC
• H2O.ai
• Able Co., Ltd.

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major highlights Global automated machine learning market report:

BFSI Vertical Drives Market Growth

• The BFSI industry is increasingly adopting AI and ML technologies to increase operational efficiency and improve consumer experience.
• ML-powered solutions enable financial firms to replace manual labor by automating repetitive tasks, increasing enterprise productivity.

Asia-Pacific captures largest market share

• Asia Pacific (APAC) is expected to be the fastest growing market in the next few years due to increasing investment in information technology (IT) and expanding FinTech adoption. Governments are also showing interest in integrating AI into multiple industries.
• Growing global demand for AI in robotics, speech recognition, and visual recognition is boosting the Japanese AI market. With the ability of AI systems to monitor public spaces and scan internet he traffic to determine user intent, China also offers enhanced automated machine learning tools for social control, surveillance and population censorship. I’m here.

What are the latest trends in Global automated machine learning market?

• In March 2023, HUMBL Inc. launched an AI and automated machine learning initiative across its consumer, commercial and Latin American business units.
• In June 2022, Microsoft announced the launch of a new sales tool, Viva Sales. Viva Insights provides news, analysis and information customized for workers.
• In January 2022, AWS announced the global expansion of AWS Local Zones with the completion of the first 16 AWS Local Zones in the US.

Intelligence of Mordor Global automated machine learning market Based on solution, automation type, end user and geography:

• Solutions (Market Size and Forecast Based on Value (USD Billion), 2018-2028)

1. • Standalone or on-premise
   • cloud

• Automation Type (Market Size and Forecast Based on Value (USD Billion), 2018-2028)

• 1. • information processing
     • Feature engineering
     • modeling
     • Visualization

• End Users (Value Based Market Size and Forecast (USD Billion), 2018-2028)

• 1. • BFSIMore
     • retail and e-commerce
     • health care
     • manufacturing industry
     • Other end users

• Geography (forecast based on market size and value (USD Billion), 2018-2028)

• • Europe
    • England
    • Germany
    • France
    • rest of europe
  • Asia Pacific

1. • • China
     • Japan
     • Korea
     • Rest of Asia Pacific

In a nutshell, the Mordor Intelligence Market Research Report is a must-read for startups, industry insiders, investors, researchers, consultants, business strategists, and anyone seeking to understand the industry.Let’s take a look Automated Machine Learning Market (2023-2028).

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About Mordor Intelligence:

Mordor Intelligence is a market information and advisory firm. At Mordor Intelligence, we believe it is important to anticipate the effects of butterfly hemispheres that can change or significantly impact market dynamics.

Our market research reports are comprehensive and provide unique data, facts and figures, trends and the competitive landscape of the industry.

• Global Automated Machine Learning Market – Mordor Intelligence