2025-2034 Automated Machine Learning Solution Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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How Large Will the Automated Machine Learning Solution Market Size By 2025?
The market size for automated machine learning solutions has seen exponential growth in the past few years. The market size is predicted to expand from $2.12 billion in 2024 to reach $3.11 billion in 2025, boasting a compound annual growth rate (CAGR) of 47.0%. The growth seen in the historic period is due to the increasing demand for predictive models and data-driven decision making, along with a surge in demand for predictive lead scoring systems and process optimization.

How Big Is the Automated Machine Learning Solution Market Size Expected to Grow by 2029?
The market size for automated machine learning solutions is anticipated to expand significantly in the coming years. It's expected to reach $14.72 billion by 2029, with a compound annual growth rate (CAGR) of 47.5%. This upsurge in the forecast period can be ascribed to the growing need for robust fraud detection solutions, the increasing demand for smart business processes, the urgent need to automate the financial sector, heightened acceptance across diverse industries, and burgeoning educational interest. Dominant trends for the forecast period encompass subscription-based models, technological progression, and the rise of cloud and serverless computing.

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Which Key Market Drivers Powering Automated Machine Learning Solution Market Expansion and Growth?
The augmentation in the need for effective fraud identification solutions is anticipated to boost the progression of the automated machine learning solution market. Fraud detection solutions encompass an array of tools, methodologies, and technologies specifically devised to detect and halt fraudulent activities within various systems or transactions. Presently, machine learning is being incorporated for fraud detection applications to counteract the escalating threat of financial fraud. For example, in February 2023, the Financial Crimes Enforcement Network, an agency based in the US, confirmed that this rising pattern further escalated in 2022, as the number of Suspicious Activity Reports (SARs) concerning check fraud exceeded 680,000, nearly twice the number from the preceding year. Hence, the escalating need for effective fraud detection solutions will be a vital growth engine for the automated machine learning solution market.

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Which Fast-Growing Trends Are Poised to Disrupt the Automated Machine Learning Solution Market?
Prominent players in the automated machine learning solution sector are keeping themselves ahead in the market through the adoption of technological advancements. These advancements include enhanced model interpretability and easy integration, contributing to a streamlined and efficient machine learning model creation process. For instance, AND Solutions Pte Ltd., a fintech company based in Singapore with a specialization in automated machine learning solution platforms, unveiled the NIKO AutoML platform in April 2023. This uniquely designed machine learning tool is aimed at simplifying and accelerating the creation of prediction models. It equips users with a range of tools and functionalities to quickly and easily build and deploy high-quality machine learning models, with no coding or data science expertise required. Its user interface guides users at every step of the process, ensuring top results in significantly less time than conventional methods. Among the numerous benefits of NIKO AutoML include speedy and precise model creation, a streamlined workflow, augmented productivity, and cost efficiency.

What Are the Emerging Segments in the Automated Machine Learning Solution Market?
The automated machine learning solutionmarket 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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Who Are the Global Leaders in the Automated Machine Learning Solution Market?
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

Which are the Top Profitable Regional Markets for the Automated Machine Learning Solution Industry?
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.

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