Federated Learning Solutions Market Soars as Privacy Concerns Drive Adoption

The rise in need to improve learning between devices and organizations, the rise in need to ensure better data security and privacy, and the growing need to adapt data in real-time to optimize conversions automatically are the factors driving the growth of the federated learning solutions market. In addition, these solutions help corporations to leverage machine learning models by keeping data on devices, thereby propelling the federated learning solutions market growth.

However, lack of skilled technical expertise and interoperability issues in the system are the factors hampering the growth of the market. Furthermore, the ability to facilitate predictive features on smart devices without affecting the customer experience and disclosing private information are providing lucrative opportunities to the growth of the federated learning solutions market during the forecast period.

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COVID-19 Scenario Analysis:

► Rising instances of COVID-19 around the world are causing economic slowdown and thousands of workers are working from home during this pandemic. Artificial intelligence and machine learning have been implemented to predict and examine the growth of possible data warnings in countries around the world. Artificial intelligence plays a key role in understanding the forecast of future of COVID-19 pandemic across nations by using real-time information.

► The implementation of federated learning solutions by the healthcare sector to predict the disease and its medicine has seen growth in the pandemic situation. The key market players are using these solutions to assist healthcare organizations understand drug effectiveness differences from patient to patient, identifying the best drug used for the right patient at the right time, enhancing the drug development process as well as improving treatment outcomes.

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The manufacturing segment is expected to implement federated learning solutions, owing to increasing emphasis on industrial internet of things and rise in competition. Manufacturing companies are highlighting the analysis of data collected from multiple sources, including websites, mobile, retail outlets, and social media. These collected data are used to examine the performance of the machines and suggest ways to improve the efficiency to reduce cost of overall operations.

Key benefits of the report:

► This study presents analytical depiction of the federated learning solutions market along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.

► The current market is quantitatively analyzed to highlight the federated learning solutions market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides a detailed market analysis based on the present and future competitive intensity of the market.

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North America is expected to dominate the market during the forecast period. The dominance is achieved due to the presence of developed countries, including the U.S. and Canada. The adoption and implementation of federated learning solutions is achieved due to strict data regulations and focus on innovation by research, focus on data privacy, and rapid technology infrastructure advancements among end users. The increased adoption of developing technologies, such as artificial intelligence, machine learning, big data analytics, and internet of things, is expected to drive the market growth in the region.

Key Market Players:

► Enveil Inc.

► Microsoft Corporation

► Alphabet Inc

► DataFleets Ltd

► Nvidia Corporation

► Edge Delta Inc.

► International Business Machines Corporation

► Cloudera Inc

► Intellegens Ltd.

► Owkin Inc.

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