Dublin, July 15, 2024 (GLOBE NEWSWIRE) -- The "Automated Machine Learning (AutoML) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automated Machine Learning (AutoML) is estimated at US$1.1 Billion in 2023 and is projected to reach US$10.9 Billion by 2030, growing at a CAGR of 39.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Moreover, the integration of AutoML with advancements in AI and computing power, along with its synergy with cloud computing platforms, is expanding its application across various industries. This integration provides scalable computing resources essential for running complex models and supports the burgeoning demand for predictive analytics in sectors like healthcare, finance, and retail.
Despite these advantages, the deployment of AutoML brings challenges, including the need for ongoing oversight by experienced practitioners to ensure that models are applied correctly and ethically. Concerns around data privacy, potential biases in decision-making, and the overall transparency of AI systems also pose significant hurdles. As AutoML continues to evolve, addressing these ethical and practical challenges will be paramount to fully realizing its potential and ensuring its responsible use across industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AutoML Solutions segment, which is expected to reach US$5.6 Billion by 2030 with a CAGR of a 35.3%. The AutoML Services segment is also set to grow at 44.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $291.9 Million in 2023, and China, forecasted to grow at an impressive 36.7% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Alteryx, Inc., Amazon Web Services, Inc., Databricks, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automated 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 major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automated Machine Learning (AutoML) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automated Machine Learning (AutoML) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 210 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $10.9 Billion |
| Compound Annual Growth Rate | 39.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Automated Machine Learning (AutoML) - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- AutoML Tools Propel the Democratization of Data Science
- Increases in Cloud Computing Adoption Drive Growth in AutoML Solutions
- Need to Simplify Predictive Analytics Spurs Adoption Across Industries
- Integration with IoT Devices Expands Addressable Market Opportunity for AutoML
- Low-Code/No-Code Platforms Strengthen Business Case for AutoML
- AutoML in Fraud Detection Throws the Spotlight On Financial Security
- AutoML's Role in Real-time Decision Making Sustains Growth in Dynamic Environments
- AutoML in Pharmaceutical R&D Accelerates Drug Discovery Processes
- Increasing Investments in AI Drive the Growth of AutoML Solutions
- Here's Why AutoML is Becoming a Key Tool for Enterprises
FOCUS ON SELECT PLAYERS (Total 23 Featured)
- Alteryx, Inc.
- Amazon Web Services, Inc.
- Databricks, Inc.
- Dataiku SAS
- DataRobot, Inc.
- dotData
- Google Cloud Platform
- IBM Corporation
- Microsoft Learn
- The MathWorks, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vkph2w
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
