Automated Machine Learning Solution Market Size Forecasted To Achieve $14.89 Billion By 2029 With Steady Growth

The Automated Machine Learning Solution Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Automated Machine Learning Solution Market Size and Projected Growth Rate?
The market size for automated machine learning solutions has seen a dramatic expansion recently. A growth from $2.12 billion in 2024 to $3.13 billion in 2025 is expected with a compound annual growth rate (CAGR) of 47.9%. The surge during this historical period can be credited to a rise in the requirement for predictive models, decisions based on data, an escalation in the demand for predictive lead scoring systems, and process optimization.

The market size for automated machine learning solutions is projected for exceptional expansion in the coming years, with an anticipated value of $14.89 billion by 2029, reflecting a compound annual growth rate (CAGR) of 47.7%. The expected growth during this forecast period can be ascribed to factors such as growing demand for effective fraud detection solutions, increased need for smart business processes, surging necessity to automate the financial sector, broader acceptance across different industries, and budding interest in the educational sector. Significant trends during this forecast period include subscription-based models, technological progress, and the rise of cloud and serverless computing.

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What Are the Major Segments in the Automated Machine Learning Solution Market?
The automated machine learning solution market covered in this report is segmented -

1) By Offering: Platform, Service
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprises, SMEs
4) By End-Users: BFSI, Retail And E-Commerce, Healthcare, Manufacturing

Subsegments:
1) By Platform: Cloud-Based Platforms, On-Premises Platforms, Integrated Development Environments (IDEs), AutoML Tools
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Workshops

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What Are The Driving Automated Machine Learning Solution Market Evolution?
The automated machine learning solution market is predicted to expand due to the growing need for proficient fraud detection systems. These systems include a variety of tools, technologies, and approaches utilized to recognize and halt fraudulent activities in different processes, systems, or transactions. Machine learning is presently employed in fraud detection applications to address the escalating threat of financial fraud. For example, as per the statistics of the Financial Crimes Enforcement Network, a government agency in the U.S., the upward movement carried on into 2022, with the quantity of SARs associated with check fraud exceeding 680,000, almost double the submissions of the preceding year in February 2023. Therefore, the escalating demand for effective fraud detection solutions is projected to fuel the expansion of the automated machine learning solution market.

Which Firms Dominate The Automated Machine Learning Solution Market Segments?
Major companies operating in the automated machine learning solution market report are Microsoft Corporation, Amazon Web Services Inc., Microsoft Azure Automated Machine Learning, International Business Machines Corporation, Oracle, SAS Institute Inc., Databricks, Alteryx, H2O.ai, EdgeVerve Systems Limited, Dataiku, Datarobot Inc., KNIME, Rasa, Peltarion, RapidMiner, Auger.AI, BigML, dotData Inc., Big Squid Inc., Determined.ai Inc., Turi (formerly GraphLab), Turing Analytics

What Trends Are Expected to Dominate the Automated Machine Learning Solution Market in the Next 5 Years?
Leading corporations in the automated machine learning solution market are embracing novel technological advancements to remain competitive. Improved model interpretability and easy integration are key aspects of technological innovations in automated ML solutions, contributing to a more effective machine learning model development process. For instance, AND Solutions Pte Ltd., a fintech firm based out of Singapore specializing in automated machine learning solution platforms, unveiled the NIKO AutoML platform in April 2023. This trailblazing machine-learning tool was designed to expedite the construction of prediction models. The platform presents a variety of tools and capabilities, allowing users to construct and implement superior machine learning models swiftly and smoothly without the need for coding or data science skills. The user interface of the platform guides users at every step of the process, ensuring the best outcomes in less time compared to conventional methods. NIKO AutoML comes with numerous benefits like speedy and precise model creation, simplified workflow, enhanced productivity and cost efficiency.

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Which Is The Largest Region In The Automated Machine Learning Solution Market?
North America was the largest region in the automated machine learning solution market in 2024. The regions covered in the automated machine learning solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automated Machine Learning Solution Market?
2. What is the CAGR expected in the Automated Machine Learning Solution Market?
3. What Are the Key Innovations Transforming the Automated Machine Learning Solution Industry?
4. Which Region Is Leading the Automated Machine Learning Solution Market?

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