Machine Learning Market poised for strong growth due to increased adoption and technological advancements

From GlobeNewswire: 2025-01-06 09:00:00

The Machine Learning Market was valued at USD 42.23 Billion in 2023 and is projected to reach USD 666.16 Billion by 2032, growing at a CAGR of 35.93% from 2024 to 2032. Major players include Google, Amazon, Intel, Facebook, Microsoft, IBM, Wipro, Nuance Communications, Apple, Cisco Systems, and more. Large enterprises lead the market, while SMEs are driving rapid growth. Services dominate the market, with software showing strong growth. The cloud segment leads in deployment, driving rapid growth with a CAGR of 36.99% from 2024 to 2032. – North America leads the machine learning market with 35% revenue share in 2023, driven by advanced infrastructure and key industry players. Asia Pacific is set for rapid growth at 39.52% CAGR from 2024 to 2032, fueled by digitalization and government support for AI, especially in China, India, and Japan.
– Google launches Gemini 1.5, Amazon invests $110 million in generative AI research program in 2024.
– SNS Insider offers consulting services like Go-To-Market Assessment and Total Addressable Market Assessment.
– SNS Insider, a global market research and consulting agency, provides evidence-based strategies to help clients navigate changing market dynamics with accurate data and insights for confident decision-making.



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