What Is The Leading Driver Behind Cloud-Based Platforms Fueling Growth In The Machine Learning Market Market Expansion in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Machine Learning Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a substantial expansion in the size of the machine learning market. The market is projected to inflate from $68.88 billion in 2024 to $93.73 billion in 2025, marking a compound annual growth rate (CAGR) of 36.1%. The growth experienced in the historical period is credited to improvements in algorithms, rise in accessible data, enhancements in computing power, adoption and integration in various industries, as well as integration of IoT and edge computing.

How Will the Machine Learning Market Size Evolve and Grow by 2029?
The market size of machine learning is projected to experience robust growth in the coming years. Its value will surge to $325.8 billion by 2029, with a 36.5% compound annual growth rate (CAGR). Factors contributing to such growth in the forecasted period include the ethical ai and explainability apprehensions, the surge in data generation, the proliferation of edge computing, the intensifying amalgamation of ai and ml, and the worldwide craving for predictive analytics. Key trends during this period are expected to be ongoing algorithmic advancements, the emergence of big data technology, automated machine learning (autoML), federated learning, ml's integration with other techs, and industry-focused ml solutions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/machine-learning-global-market-report

What Drivers Are Propelling the Growth of Machine Learning Market Forward?
The surge in the use of cloud-based platforms is predicted to fuel the expansion of the machine learning market. These platforms provide computing services and resources via the internet, enabling users to access applications, storage, and processing power without requiring physical infrastructure or hardware. They also promote collaboration, as they enable multiple users to simultaneously work on projects while allowing for smooth integration with other cloud services. For example, Ofcom, a government office in the United Kingdom, reported that the cloud infrastructure market in the UK was valued between approximately £7.0 billion ($ 7.69) and £7.5 billion ($ 8.23) in 2022. Further, 41.4% of global tech and business leaders intend to increase their investments in cloud-based services and products in 2023.Thus, the rising use of cloud-based platforms is propelling the upswing of the machine learning market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13695&type=smp

Which Emerging Trends Are Transforming the Machine Learning Market in 2025?
Prominent businesses in the machine learning market are channeling efforts into designing automated machine learning tools to streamline the process. These applications are engineered to simplify model selection, training, and implementation, thus making machine learning more user-friendly for individuals and entities with minimal knowledge in the domain. For example, AND Solutions Pte Ltd., a fintech firm from Singapore offering automated machine learning solution platforms, introduced the NIKO AutoML platform in April 2023. This groundbreaking machine learning tool is designed to simplify and speed up the generation of prediction models. This platform comes with a variety of instruments and features that allow users to swiftly and effortlessly create and implement high-quality machine learning models, no coding or data science skills required. Its user interface guides users through all process steps, ensuring the best results in far less time than traditional methods. The NIKO AutoML platform boasts several significant advantages like rapid and precise model creation, a streamlined workflow, and enhanced productivity and cost-effectiveness.

What Are the Key Segments in the Machine Learning Market?
The machine learningmarket covered in this report is segmented -

1) By Component Outlook: Hardware, Software
2) By Deployment: Cloud, On-Premises
3) By Type: Large Enterprises, Small And Medium Enterprise
4) By End-User: Healthcare, Retail, BFSI, Manufacturing, IT And Telecom, Energy And Utilities, Agriculture, Automotive, Marketing And Advertising

Subsegments:
1) By Hardware: Graphics Processing Units (GPUs), Application-Specific Integrated Circuits (ASICs), Field Programmable Gate Arrays (FPGAs), Central Processing Units (CPUs), Memory And Storage Devices
2) By Software: Machine Learning Frameworks And Libraries, Data Processing And Analytics Tools, Model Development Platforms, Deployment And Integration Software, Pre-Built AI Solutions

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13695&type=smp

Who Are the Key Players Shaping the Machine Learning Market's Competitive Landscape?
Major companies operating in the machine learning market report are Google Inc., Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Baidu Inc., Intel Corporation, SAS Institute Inc., Fair Isaac Corporation, Alteryx, Dataiku, H2o.AI, KNIME.com AG, Alpine Data, Peltarion, RapidMiner Inc., BigML Inc., Luminoso Technologies Inc., Turing Analytics

What Geographic Markets Are Powering Growth in the Machine Learning Market?
North America was the largest region in the machine learning market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the machine learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13695

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.