As per Cognitive Market Research's latest published report, the Global Machine Learning market size was USD 24,345.76 million in 2021 and it is forecasted to reach USD 206,235.41 million by 2028. Machine Learning Industry's Compound Annual Growth Rate will be 42.64% from 2023 to 2030. What is Driving Machine Learning Market?

COVID-19 Impact:

Similar to other industries, the covid-19 situation has affected the machine learning industry. Despite the dire conditions and uncertain collapse, some industries have continued to grow during the pandemic. During covid 19, the machine learning market remains stable with positive growth and opportunities. The global machine learning market faces minimal impact compared to some other industries.The growth of the global machine learning market has stagnated owing to automation developments and technological advancements. Pre-owned machines and smartphones widely used for remote work are leading to positive growth of the market. Several industries have transplanted the market progress using new technologies of machine learning systems. June 2020, DeCaprio et al. Published COVID-19 pandemic risk research is still in its early stages. In the report, DeCaprio et al. mentions that it has used machine learning to build an initial vulnerability index for the coronavirus. The lab further noted that as more data and results from ongoing research become available, it will be able to see more practical applications of machine learning in predicting infection risk.

Machine Learning Market Drivers:

Growing use of the technology and automation is a major factor is expected to drive the growth of the global machine learning market. Increasing need of machine learning from the media and entertainment, automobiles, IT and telecommunications, education, and other government and non-government sectors are factors driving the growth of the global machine learning market over the forecast period. In October 2022, Bharat Electronics (BEL) announced the signing of an agreement with Meslova to develop products and services in artificial intelligence and machine learning to develop air defense (AD) systems and platforms for the armed forces. Meslova uses artificial intelligence to develop domain-specific products and applications for some of the largest governments and corporations. Increasing technology advancements to higher accuracy of systems coupled with demand of various system based on machine learning such as voice recognition systems, image recognition system and recommender systems which is expected to support the growth in the near future. Furthermore, introduction of self-driving automobiles and significant expenditures in AI is another factor expected to fuel the growth of the global market over the forecast year.

Machine Learning Market: Restraints

The lack of skilled and experienced employees in the machine learning is a major factor expected to decline growth of the target market to a certain extent. In addition, network hardware issues, delicate data security, and ethical allegations in the algorithms is expected to hamper growth of the potential market in the near future. However, the high deployment cost is another factor that could pose as a hindrance in the growth of global market.

Machine Learning Market: Opportunities

During covid 19, industries and organizations in almost all regions are using remote working and working from home. It increases the use of machines, smartphones and other technological devices. Schools, colleges, government and non-government sectors are using machines developed by AI systems. Therefore, according to the machine learning market forecast report, the technology and machine learning are in high demand and will increase in the future. Organizations and other organizational sectors are investing more in building A-based technologies to benefit the global market. These are the major machine learning market opportunities to watch during the forecast period. What is Machine Learning?

Machine learning (ML) is a subdivision of artificial intelligence (AI). It is a method of data analysis that teaches computers to learn from algorithms and data, quickly mimicking the way humans learn. The technique focuses primarily on developing a program that can access data and use it to learn for itself. Machine learning enables machines to learn directly from data, experience, and examples. Additionally, ma...

The global machine learning market size was worth around USD 44.58 billion in 2024 and is set to register a CAGR of more than 36.6%, exceeding USD 2.57 trillion revenue by 2037. Cloud segment is estimated to attain 55% share by 2037, fueled by flexibility and automated updates offered by cloud-based machine learning solutions.

Machine Learning Market size was valued at USD 10.24 Billion in 2024 and is projected to reach USD 200.08 Billion by 2031, growing at a CAGR of 10.9% from 2024 to 2031.

Key Market Drivers:

Increasing Data Volume and Complexity: The explosion of digital data is fueling ML adoption across industries. Organizations are leveraging ML to extract insights from vast, complex datasets. According to the European Commission, the volume of data globally is projected to grow from 33 zettabytes in 2018 to 175 zettabytes by 2025. For instance, on September 15, 2023, Google Cloud announced new ML-powered data analytics tools to help enterprises handle increasing data complexity.

Advancements in AI and Deep Learning Algorithms: Continuous improvements in AI algorithms are expanding ML capabilities. Deep learning breakthroughs are enabling more sophisticated applications. The U.S. National Science Foundation reported a 63% increase in AI research publications from 2017 to 2021. For instance, on August 24, 2023, DeepMind unveiled Graphcast, a new ML weather forecasting model achieving unprecedented accuracy.

The market size in the 'Machine Learning' segment of the artificial intelligence market in the United States was forecast to continuously increase between 2025 and 2031 by in total ***** billion U.S. dollars (+****** percent). After the eighth consecutive increasing year, the market size is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2031. Find more key insights for the market size in countries and regions like the market size change in the 'Generative AI' segment of the artificial intelligence market in the United States and the market size change in the 'Computer Vision' segment of the artificial intelligence market in the world.The Statista Market Insights cover a broad range of additional markets.

The Automated Machine Learning Market Report Segments the Industry Into Solution (On-Premise and Cloud), Automation Type (Data Processing, Feature Engineering, Modeling, and Visualization), Organization Size (Large Enterprises and Small and Medium Enterprises [SMEs]), End User (BFSI, Retail and E-Commerce, Healthcare, Manufacturing, and Other End-Users) and Geography.

Machine Learning Market is predicted to reach $407.72 billion by 2030 with a CAGR of 45.29% from 2023 to 2030

The global market size in the 'Machine Learning' segment of the artificial intelligence market was forecast to continuously increase between 2025 and 2031 by in total ***** billion U.S. dollars (+****** percent). After the eighth consecutive increasing year, the market size is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2031. Find further information concerning the market size in the 'Machine Learning' segment of the artificial intelligence market in Spain and the market size change in the 'Computer Vision' segment of the artificial intelligence market in the United States.The Statista Market Insights cover a broad range of additional markets.

The automated machine learning market had an estimated market share worth US$ 700 million in 2023, and it is predicted to reach a global market valuation of US$ 42.2 billion by 2034, growing at a steady CAGR of 44.9% from 2024 to 2034.

Report Attribute	Details
Estimated Market Value for 2023	US$ 700 million
Expected Market Value for 2024	US$ 1 billion
Projected Forecast Value for 2034	US$ 42.2 billion
Anticipated Growth Rate from 2024 to 2034	4 4.9% CAGR

Automated Machine Learning Market Historical Analysis from 2019 to 2023 vs. Forecast Outlook from 2024 to 2034

Historical CAGR from 2019 to 2023	48.2%
Forecast CAGR from 2024 to 2034	44.9%

Category-wise Insights

Solution Type	Standalone
CAGR from 2024 to 2034	44.7%

Automation Type	Feature Engineering
Market Share in 2024	44.5%

Region-wise Analysis

Countries	CAGR from 2024 to 2034
The United States	45%
The United Kingdom	46.1%
China	45.4%
Japan	46%
South Korea	47.2%

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 44.9% from 2024 to 2034
Market value in 2024	US$ 1 billion
Market value in 2034	US$ 42.2 billion
Base Year for Estimation	2023
Historical Data	2019 to 2023
Forecast Period	2024 to 2034
Quantitative Units	US$ billion for value
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Solution Automation Type End User Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia The Middle East & Africa
Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Companies Profiled	Datarobot Inc. Amazon Web Services Inc. dotData Inc. IBM Corporation Dataiku SAS Institute Inc. Microsoft Corporation Google LLC H2O.ai Aible Inc.
Customization Scope	Available on Request

Snapshot img

US Deep Learning Market Size 2025-2029

The deep learning market size in US is forecast to increase by USD 5.02 billion at a CAGR of 30.1% between 2024 and 2029.

The deep learning market is experiencing robust growth, driven by the increasing adoption of artificial intelligence (AI) in various industries for advanced solutioning. This trend is fueled by the availability of vast amounts of data, which is a key requirement for deep learning algorithms to function effectively. Industry-specific solutions are gaining traction, as businesses seek to leverage deep learning for specific use cases such as image and speech recognition, fraud detection, and predictive maintenance. Alongside, intuitive data visualization tools are simplifying complex neural network outputs, helping stakeholders understand and validate insights. 


However, challenges remain, including the need for powerful computing resources, data privacy concerns, and the high cost of implementing and maintaining deep learning systems. Despite these hurdles, the market's potential for innovation and disruption is immense, making it an exciting space for businesses to explore further. Semi-supervised learning, data labeling, and data cleaning facilitate efficient training of deep learning models. Cloud analytics is another significant trend, as companies seek to leverage cloud computing for cost savings and scalability. 

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Deep learning, a subset of machine learning, continues to shape industries by enabling advanced applications such as image and speech recognition, text generation, and pattern recognition. Reinforcement learning, a type of deep learning, gains traction, with deep reinforcement learning leading the charge. Anomaly detection, a crucial application of unsupervised learning, safeguards systems against security vulnerabilities. Ethical implications and fairness considerations are increasingly important in deep learning, with emphasis on explainable AI and model interpretability. Graph neural networks and attention mechanisms enhance data preprocessing for sequential data modeling and object detection. Time series forecasting and dataset creation further expand deep learning's reach, while privacy preservation and bias mitigation ensure responsible use.

In summary, deep learning's market dynamics reflect a constant pursuit of innovation, efficiency, and ethical considerations. The Deep Learning Market in the US is flourishing as organizations embrace intelligent systems powered by supervised learning and emerging self-supervised learning techniques. These methods refine predictive capabilities and reduce reliance on labeled data, boosting scalability. BFSI firms utilize AI image recognition for various applications, including personalizing customer communication, maintaining a competitive edge, and automating repetitive tasks to boost productivity. Sophisticated feature extraction algorithms now enable models to isolate patterns with high precision, particularly in applications such as image classification for healthcare, security, and retail.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Image recognition
  Voice recognition
  Video surveillance and diagnostics
  Data mining


Type

  Software
  Services
  Hardware


End-user

  Security
  Automotive
  Healthcare
  Retail and commerce
  Others


Geography

  North America

    US

By Application Insights

The Image recognition segment is estimated to witness significant growth during the forecast period. In the realm of artificial intelligence (AI) and machine learning, image recognition, a subset of computer vision, is gaining significant traction. This technology utilizes neural networks, deep learning models, and various machine learning algorithms to decipher visual data from images and videos. Image recognition is instrumental in numerous applications, including visual search, product recommendations, and inventory management. Consumers can take photographs of products to discover similar items, enhancing the online shopping experience. In the automotive sector, image recognition is indispensable for advanced driver assistance systems (ADAS) and autonomous vehicles, enabling the identification of pedestrians, other vehicles, road signs, and lane markings.

Furthermore, image recognition plays a pivotal role in augmented reality (AR) and virtual reality (VR) applications, where it tracks physical objects and overlays digital content onto real-world scenarios. The model training process involves the backpropagation algorithm, which calculates

The global market size change in the 'Machine Learning' segment of the artificial intelligence market was forecast to continuously decrease between 2031 and 2031 by in total *** percentage points. According to this forecast, in 2031, the market size change will have decreased for the seventh consecutive year to ***** percent. Find more key insights for the market size change in countries and regions like the market size change in the 'Machine Learning' segment of the artificial intelligence market in the United States and the number of AI tools users in the 'AI Tool Users' segment of the artificial intelligence market in Europe.The Statista Market Insights cover a broad range of additional markets.

The size of the U.S. Machine Learning (ML) Market was valued at USD 4.74 USD billion in 2023 and is projected to reach USD 43.38 USD billion by 2032, with an expected CAGR of 37.2% during the forecast period. The U.S. Machine Learning (ML) Market refers to the application and development of machine learning technologies within the United States. Machine learning, a subset of artificial intelligence (AI), involves algorithms and models that allow systems to learn from data, identify patterns, and make decisions or predictions without being explicitly programmed. In the U.S., the ML market is growing rapidly, driven by advancements in computing power, large data sets, and the increasing demand for automation and AI across industries. This remarkable ascent is fueled by a confluence of factors, including the advent of hybrid and genetically modified seeds, proactive government initiatives aimed at enhancing agricultural productivity, an escalating consciousness regarding food security, and the rapid advancement of technologies that underpin precision agriculture. Hybrid seeds, offering a potent combination of desirable traits from multiple parent varieties, are poised to revolutionize crop production by improving yield, resilience, and nutritional content. innovation. Key drivers for this market are: Growing Adoption of Mobile Commerce to Augment the Demand for Virtual Fitting Room Tool . Potential restraints include: Lack of Coding Skills Likely to Limit Market Growth. Notable trends are: Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars.

Base Year 2023 Forecast Period 2024-2028 Market Growth X.XX%*

Global Machine Learning market size is expected to reach $329.8 billion by 2029 at 36.7%, segmented as by hardware, graphics processing units (gpus), application-specific integrated circuits (asics), field programmable gate arrays (fpgas)

The global machine learning market size reached USD 31.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 440.6 Billion by 2033, exhibiting a growth rate (CAGR) of 32.6% during 2025-2033. The escalating demand for advanced analytics and data-driven insights, the increasing volume and complexity of data generated by organizations, and the availability of scalable computing resources are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 31.0 Billion
Market Forecast in 2033	USD 440.6 Billion
Market Growth Rate (2025-2033)	32.6%

IMARC Group provides an analysis of the key trends in each segment of the global machine learning market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on component, deployment, enterprise size, and end use.

The Machine Learning Market size was valued at USD 52.02 billion in 2023 and is projected to reach USD 420.73 billion by 2032, exhibiting a CAGR of 34.8 % during the forecasts period. This remarkable growth is driven by the increasing demand for data-driven decision-making, coupled with the advent of advanced algorithms. Moreover, the burgeoning adoption of cloud computing and Artificial Intelligence (AI) solutions further fuels market expansion. Machine learning is a subfield of artificial intelligence where data provides an intentionally programmed pattern, and an algorithm modifies its actions based on usage. It allows the computer to process large data sets and makes it possible for the computer to solve problems, make decisions or derive conclusions from these data. These are supervised learning, also identified as pattern recognition, where the computer is trained on given examples; unsupervised learning, where the computer searches for patterns within a given data set when the data is not marked; and reinforcement learning where the computer learns by trial and error. Its uses cut across various industries including banking, the medical sector, as well as managerial tasks in enhancing automation in executing tasks as well as analyzing information. Machine learning progresses in and optimized as the volumes increase exponentially, thus realigning and revolutionizing sectors across the globe.

The Machine Learning As A Service Market report segments the industry into By Application (Marketing And Advertisement, Predictive Maintenance, and more), By Organization Size (Small And Medium Enterprises, Large Enterprises), By End User (IT And Telecom, Automotive, Healthcare, and more), and By Geography (North America, Europe, Asia, Australia And New Zealand, Latin America, Middle East And Africa).

The global deep learning market size reached USD 30.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 423.4 Billion by 2033, exhibiting a growth rate (CAGR) of 29.92% during 2025-2033. North America currently dominates the market, holding a significant market share of over 36.5% in 2024. The increasing artificial intelligence (AI) adoption, advancements in data processing, the growing demand for image and speech recognition, investments in research and development (R&D), and the introduction of big data and cloud computing technologies are some of the major factors propelling the market.

Artificial Intelligence & Advanced Machine Learning Market size valued $137.93 Bn in 2023 & expected to reach $1790.43 Bn by 2032, at CAGR 29.2% from 2024-2032.

Snapshot img

Deep Learning Market Size 2024-2028

The deep learning market size is forecast to increase by USD 10.85 billion at a CAGR of 26.06% between 2023 and 2028.

Deep learning technology is revolutionizing various industries, including healthcare. In the healthcare sector, deep learning is being extensively used for the diagnosis and treatment of musculoskeletal and inflammatory disorders. The market for deep learning services is experiencing significant growth due to the increasing availability of high-resolution medical images, electronic health records, and big data. Medical professionals are leveraging deep learning technologies for disease indications such as failure-to-success ratio, image interpretation, and biomarker identification solutions. Moreover, with the proliferation of data from various sources such as social networks, smartphones, and IoT devices, there is a growing need for advanced analytics techniques to make sense of this data. Companies In the market are collaborating to offer comprehensive information services and digital analytical solutions. However, the lack of technical expertise among medical professionals poses a challenge to the widespread adoption of deep learning technologies. The market is witnessing an influx of startups, which is intensifying the competition. Deep learning services are being integrated with compatible devices for image processing and prognosis. Molecular data analysis is another area where deep learning technologies are making a significant impact.

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A subset of machine learning and artificial intelligence (AI), is a computational method inspired by the structure and function of the human brain. This technology utilizes neural networks, a type of machine learning model, to recognize patterns and learn from data. In the US market, deep learning is gaining significant traction due to its ability to process large amounts of data and extract meaningful insights. The market In the US is driven by several factors. One of the primary factors is the increasing availability of big data.
Moreover, with the proliferation of data from various sources such as social networks, smartphones, and IoT devices, there is a growing need for advanced analytics techniques to make sense of this data. Deep learning algorithms, with their ability to learn from vast amounts of data, are well-positioned to address this need. Another factor fueling the growth of the market In the US is the increasing adoption of cloud-based technology. Cloud-based solutions offer several advantages, including scalability, flexibility, and cost savings. These solutions enable organizations to process large datasets and train complex models without the need for expensive hardware.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Image recognition
  Voice recognition
  Video surveillance and diagnostics
  Data mining


Type

  Software
  Services
  Hardware


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  South America



  Middle East and Africa

By Application Insights

The image recognition segment is estimated to witness significant growth during the forecast period.

In the realm of artificial intelligence (AI), image recognition holds significant value, particularly in sectors such as banking and finance (BFSI). This technology's ability to accurately identify and categorize images is invaluable, as extensive image repositories In these industries cannot be easily forged. BFSI firms utilize AI image recognition for various applications, including personalizing customer communication, maintaining a competitive edge, and automating repetitive tasks to boost productivity. For instance, social media platforms like Facebook employ this technology to correctly identify and assign images to the right user account with an impressive accuracy rate of approximately 98%. Moreover, AI image recognition plays a crucial role in eliminating fraudulent social media accounts.

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The image recognition segment was valued at USD 1.05 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The automated machine learning market is surging, with a market size valued at USD 3501.6 million in 2025 and projected to reach a whopping USD 674504.7 million by 2033, exhibiting a remarkable CAGR of 42.2% during the forecast period of 2025-2033. The growing adoption of artificial intelligence (AI) and machine learning (ML) technologies, combined with the increasing volume and complexity of data, are key drivers fueling this growth. Key trends shaping the automated machine learning market include the rise of cloud-based solutions, the integration of AI and ML into various business processes, and the increasing adoption of automated machine learning in diverse industry verticals such as BFSI, retail, healthcare, manufacturing, and IT & telecommunications. However, factors such as the lack of skilled professionals and data security concerns may pose as challenges to the market's growth. Prominent companies operating in this market include IBM, Oracle, Microsoft, ServiceNow, Google LLC, Baidu Inc., AWS, Alteryx, Salesforce, and Altair, among others. Recent developments include: In May 2024, Leveraging over two decades of collaboration, IBM and Adobe are providing clients with the expertise and technology to fully utilize Generative AI in marketing, content creation, and brand management. This is accomplished through a distinctive partnership that encompasses both technology solutions and consulting services, fostering collaborative innovation across hybrid cloud infrastructure, data utilization, applications, and a diverse Generative AI strategy. , In April 2024, IBM on its WatsonX AI and data platform has launched Meta Llama 3, the latest iteration of Meta's open-source large language model. This extension enhances IBM's watsonx.ai model repository, facilitating enterprise innovation with its Granite series models, alongside offerings from top model providers such as Meta. .