The North America Automated Machine Learning Market would witness market growth of 41.3% CAGR during the forecast period (2023-2029).
AutoML's transfer learning technique, which uses previously trained models to enhance the performance of fresh models, is crucial. As a result, businesses generate more precise models with less training data & spend less time and money developing high-performing models by applying the information gained from one activity to another.
The market's growth is primarily attributable to two important factors: the rising need for individualized product suggestions and the rising demand for effective fraud detection solutions. Another element is increasing demand for AutoML solutions is the usage of automated lead scoring systems for customer segmentation & targeting new consumers. To operate a business successfully, locating new clients is essential. The process of finding potential customers used to take a lot of time, money, and resources for firms. A lead scoring system is simpler to implement than conventional client acquisition techniques.
One of the largest markets for automated machine learning is North America, which has several significant industries and a strong IT infrastructure. Increased expenditures in the defense, healthcare, and BFSI industries, as well as technical developments in the telecom sector and the uptake of services like security information & cloud applications, are anticipated to fuel the expansion of the North American ML market over the forecast period. Some North American IoT platform providers use machine learning technology to enhance their operations management skills to maintain control of huge IoT systems. These elements will increase the demand for machine learning (ML) solutions in North America while also supporting the growth of the market in the upcoming years.
The US market dominated the North America Automated Machine Learning Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,489.9 million by 2029. The Canada market is poised to grow at a CAGR of 44.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 43.3% during (2023 - 2029).
Based on Application, the market is segmented into Data Processing, Feature Engineering, Model Selection, Hyperparameter Optimization & Tuning, Model Ensembling and Others. Based on Offering, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Platform and Software Based on Solution Deployment, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Ecommerce, Media & Entertainment, Healthcare & Life Sciences, Government & Defense, Manufacturing, Automotive, Transportations, & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Automated Machine Learning Market is Projected to reach USD 9.1 Billion by 2029, at a CAGR of 42.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce, Inc., Hewlett-Packard enterprise Company, Teradata Corporation, Alibaba Cloud (Alibaba Group Holding Limited) and Databricks, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Data Processing
- Feature Engineering
- Model Selection
- Hyperparameter Optimization & Tuning
- Model Ensembling
- Others
By Offering
By Vertical
- BFSI
- IT & Telecom
- Retail & Ecommerce
- Media & Entertainment
- Healthcare & Life Sciences
- Government & Defense
- Manufacturing
- Automotive, Transportations, & Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- IBM Corporation
- Microsoft Corporation
- Google LLC (Alphabet Inc.)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce, Inc.
- Hewlett-Packard enterprise Company
- Teradata Corporation
- Alibaba Cloud (Alibaba Group Holding Limited)
- Databricks, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automated Machine Learning Market, by Application
1.4.2 North America Automated Machine Learning Market, by Offering
1.4.3 North America Automated Machine Learning Market, by Vertical
1.4.4 North America Automated Machine Learning Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jun – 2023, May) Leading Players
Chapter 4. North America Automated Machine Learning Market by Application
4.1 North America Data Processing Market by Country
4.2 North America Feature Engineering Market by Country
4.3 North America Model Selection Market by Country
4.4 North America Hyperparameter Optimization & Tuning Market by Country
4.5 North America Model Ensembling Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Automated Machine Learning Market by Offering
5.1 North America Solution Market by Country
5.2 North America Automated Machine Learning Market by Solution Type
5.2.1 North America Platform Market by Country
5.2.2 North America Software Market by Country
5.3 North America Automated Machine Learning Market by Solution Deployment
5.3.1 North America Cloud Market by Country
5.3.2 North America On-premise Market by Country
5.4 North America Services Market by Country
Chapter 6. North America Automated Machine Learning Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America IT & Telecom Market by Country
6.3 North America Retail & Ecommerce Market by Country
6.4 North America Media & Entertainment Market by Country
6.5 North America Healthcare & Life Sciences Market by Country
6.6 North America Government & Defense Market by Country
6.7 North America Manufacturing Market by Country
6.8 North America Automotive, Transportations, & Logistics Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Automated Machine Learning Market by Country
7.1 US Automated Machine Learning Market
7.1.1 US Automated Machine Learning Market by Application
7.1.2 US Automated Machine Learning Market by Offering
7.1.2.1 US Automated Machine Learning Market by Solution Type
7.1.2.2 US Automated Machine Learning Market by Solution Deployment
7.1.3 US Automated Machine Learning Market by Vertical
7.2 Canada Automated Machine Learning Market
7.2.1 Canada Automated Machine Learning Market by Application
7.2.2 Canada Automated Machine Learning Market by Offering
7.2.2.1 Canada Automated Machine Learning Market by Solution Type
7.2.2.2 Canada Automated Machine Learning Market by Solution Deployment
7.2.3 Canada Automated Machine Learning Market by Vertical
7.3 Mexico Automated Machine Learning Market
7.3.1 Mexico Automated Machine Learning Market by Application
7.3.2 Mexico Automated Machine Learning Market by Offering
7.3.2.1 Mexico Automated Machine Learning Market by Solution Type
7.3.2.2 Mexico Automated Machine Learning Market by Solution Deployment
7.3.3 Mexico Automated Machine Learning Market by Vertical
7.4 Rest of North America Automated Machine Learning Market
7.4.1 Rest of North America Automated Machine Learning Market by Application
7.4.2 Rest of North America Automated Machine Learning Market by Offering
7.4.2.1 Rest of North America Automated Machine Learning Market by Solution Type
7.4.2.2 Rest of North America Automated Machine Learning Market by Solution Deployment
7.4.3 Rest of North America Automated Machine Learning Market by Vertical
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Google LLC (Alphabet Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.5 SWOT Analysis
8.6 Salesforce, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Hewlett Packard Enterprise Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Teradata Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 Alibaba Cloud (Alibaba Group Holding Limited)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.10. Databricks, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Automated Machine Learning Market, 2019 - 2022, USD Million
TABLE 2 North America Automated Machine Learning Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automated Machine Learning Market
TABLE 4 Product Launches And Product Expansions– Automated Machine Learning Market
TABLE 5 Acquisition and Mergers– Automated Machine Learning Market
TABLE 6 North America Automated Machine Learning Market by Application, 2019 - 2022, USD Million
TABLE 7 North America Automated Machine Learning Market by Application, 2023 - 2029, USD Million
TABLE 8 North America Data Processing Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Data Processing Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Feature Engineering Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Feature Engineering Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Model Selection Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Model Selection Market by Country, 2023 - 2029, USD Million
TABLE 14 North America Hyperparameter Optimization & Tuning Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Hyperparameter Optimization & Tuning Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Model Ensembling Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Model Ensembling Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Automated Machine Learning Market by Offering, 2019 - 2022, USD Million
TABLE 21 North America Automated Machine Learning Market by Offering, 2023 - 2029, USD Million
TABLE 22 North America Solution Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Solution Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Automated Machine Learning Market by Solution Type, 2019 - 2022, USD Million
TABLE 25 North America Automated Machine Learning Market by Solution Type, 2023 - 2029, USD Million
TABLE 26 North America Platform Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Platform Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Software Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Automated Machine Learning Market by Solution Deployment, 2019 - 2022, USD Million
TABLE 31 North America Automated Machine Learning Market by Solution Deployment, 2023 - 2029, USD Million
TABLE 32 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Cloud Market by Country, 2023 - 2029, USD Million
TABLE 34 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 35 North America On-premise Market by Country, 2023 - 2029, USD Million
TABLE 36 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Automated Machine Learning Market by Vertical, 2019 - 2022, USD Million
TABLE 39 North America Automated Machine Learning Market by Vertical, 2023 - 2029, USD Million
TABLE 40 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 41 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 42 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 43 North America IT & Telecom Market by Country, 2023 - 2029, USD Million
TABLE 44 North America Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Retail & Ecommerce Market by Country, 2023 - 2029, USD Million
TABLE 46 North America Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Media & Entertainment Market by Country, 2023 - 2029, USD Million
TABLE 48 North America Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Healthcare & Life Sciences Market by Country, 2023 - 2029, USD Million
TABLE 50 North America Government & Defense Market by Country, 2019 - 2022, USD Million
TABLE 51 North America Government & Defense Market by Country, 2023 - 2029, USD Million
TABLE 52 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 53 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 54 North America Automotive, Transportations, & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 55 North America Automotive, Transportations, & Logistics Market by Country, 2023 - 2029, USD Million
TABLE 56 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 57 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 58 North America Automated Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 59 North America Automated Machine Learning Market by Country, 2023 - 2029, USD Million
TABLE 60 US Automated Machine Learning Market, 2019 - 2022, USD Million
TABLE 61 US Automated Machine Learning Market, 2023 - 2029, USD Million
TABLE 62 US Automated Machine Learning Market by Application, 2019 - 2022, USD Million
TABLE 63 US Automated Machine Learning Market by Application, 2023 - 2029, USD Million
TABLE 64 US Automated Machine Learning Market by Offering, 2019 - 2022, USD Million
TABLE 65 US Automated Machine Learning Market by Offering, 2023 - 2029, USD Million
TABLE 66 US Automated Machine Learning Market by Solution Type, 2019 - 2022, USD Million
TABLE 67 US Automated Machine Learning Market by Solution Type, 2023 - 2029, USD Million
TABLE 68 US Automated Machine Learning Market by Solution Deployment, 2019 - 2022, USD Million
TABLE 69 US Automated Machine Learning Market by Solution Deployment, 2023 - 2029, USD Million
TABLE 70 US Automated Machine Learning Market by Vertical, 2019 - 2022, USD Million
TABLE 71 US Automated Machine Learning Market by Vertical, 2023 - 2029, USD Million
TABLE 72 Canada Automated Machine Learning Market, 2019 - 2022, USD Million
TABLE 73 Canada Automated Machine Learning Market, 2023 - 2029, USD Million
TABLE 74 Canada Automated Machine Learning Market by Application, 2019 - 2022, USD Million
TABLE 75 Canada Automated Machine Learning Market by Application, 2023 - 2029, USD Million
TABLE 76 Canada Automated Machine Learning Market by Offering, 2019 - 2022, USD Million
TABLE 77 Canada Automated Machine Learning Market by Offering, 2023 - 2029, USD Million
TABLE 78 Canada Automated Machine Learning Market by Solution Type, 2019 - 2022, USD Million
TABLE 79 Canada Automated Machine Learning Market by Solution Type, 2023 - 2029, USD Million
TABLE 80 Canada Automated Machine Learning Market by Solution Deployment, 2019 - 2022, USD Million
TABLE 81 Canada Automated Machine Learning Market by Solution Deployment, 2023 - 2029, USD Million
TABLE 82 Canada Automated Machine Learning Market by Vertical, 2019 - 2022, USD Million
TABLE 83 Canada Automated Machine Learning Market by Vertical, 2023 - 2029, USD Million
TABLE 84 Mexico Automated Machine Learning Market, 2019 - 2022, USD Million
TABLE 85 Mexico Automated Machine Learning Market, 2023 - 2029, USD Million
TABLE 86 Mexico Automated Machine Learning Market by Application, 2019 - 2022, USD Million
TABLE 87 Mexico Automated Machine Learning Market by Application, 2023 - 2029, USD Million
TABLE 88 Mexico Automated Machine Learning Market by Offering, 2019 - 2022, USD Million
TABLE 89 Mexico Automated Machine Learning Market by Offering, 2023 - 2029, USD Million
TABLE 90 Mexico Automated Machine Learning Market by Solution Type, 2019 - 2022, USD Million
TABLE 91 Mexico Automated Machine Learning Market by Solution Type, 2023 - 2029, USD Million
TABLE 92 Mexico Automated Machine Learning Market by Solution Deployment, 2019 - 2022, USD Million
TABLE 93 Mexico Automated Machine Learning Market by Solution Deployment, 2023 - 2029, USD Million
TABLE 94 Mexico Automated Machine Learning Market by Vertical, 2019 - 2022, USD Million
TABLE 95 Mexico Automated Machine Learning Market by Vertical, 2023 - 2029, USD Million
TABLE 96 Rest of North America Automated Machine Learning Market, 2019 - 2022, USD Million
TABLE 97 Rest of North America Automated Machine Learning Market, 2023 - 2029, USD Million
TABLE 98 Rest of North America Automated Machine Learning Market by Application, 2019 - 2022, USD Million
TABLE 99 Rest of North America Automated Machine Learning Market by Application, 2023 - 2029, USD Million
TABLE 100 Rest of North America Automated Machine Learning Market by Offering, 2019 - 2022, USD Million
TABLE 101 Rest of North America Automated Machine Learning Market by Offering, 2023 - 2029, USD Million
TABLE 102 Rest of North America Automated Machine Learning Market by Solution Type, 2019 - 2022, USD Million
TABLE 103 Rest of North America Automated Machine Learning Market by Solution Type, 2023 - 2029, USD Million
TABLE 104 Rest of North America Automated Machine Learning Market by Solution Deployment, 2019 - 2022, USD Million
TABLE 105 Rest of North America Automated Machine Learning Market by Solution Deployment, 2023 - 2029, USD Million
TABLE 106 Rest of North America Automated Machine Learning Market by Vertical, 2019 - 2022, USD Million
TABLE 107 Rest of North America Automated Machine Learning Market by Vertical, 2023 - 2029, USD Million
TABLE 108 Key Information – Oracle Corporation
TABLE 109 Key information – IBM Corporation
TABLE 110 key information – Microsoft Corporation
TABLE 111 Key Information – Google LLC
TABLE 112 Key Information – Amazon Web Services, Inc.
TABLE 113 Key Information – Salesforce, Inc.
TABLE 114 key information – Hewlett Packard Enterprise Company
TABLE 115 Key Information – Teradata Corporation
TABLE 116 Key Information – Alibaba Cloud
TABLE 117 Key Information – Databricks, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Jun – 2023, May) Leading Players
FIG 6 North America Automated Machine Learning Market share by Application, 2022
FIG 7 North America Automated Machine Learning Market share by Application, 2029
FIG 8 North America Automated Machine Learning Market by Application, 2019 - 2029, USD Million
FIG 9 North America Automated Machine Learning Market share by Offering, 2022
FIG 10 North America Automated Machine Learning Market share by Offering, 2029
FIG 11 North America Automated Machine Learning Market by Offering, 2019 - 2029, USD Million
FIG 12 North America Automated Machine Learning Market share by Vertical, 2022
FIG 13 North America Automated Machine Learning Market share by Vertical, 2029
FIG 14 North America Automated Machine Learning Market by Vertical, 2019 - 2029, USD Million
FIG 15 North America Automated Machine Learning Market share by Country, 2022
FIG 16 North America Automated Machine Learning Market share by Country, 2029
FIG 17 North America Automated Machine Learning Market by Country, 2019 - 2029, USD Million
FIG 18 Recent strategies and developments: Oracle Corporation
FIG 19 SWOT analysis: Oracle Corporation
FIG 20 Swot analysis: IBM Corporation
FIG 21 SWOT Analysis: Microsoft Corporation
FIG 22 Recent strategies and developments: Google LLC
FIG 23 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 24 SWOT analysis: Amazon.com, Inc.
FIG 25 Recent strategies and developments: Salesforce, Inc.
FIG 26 SWOT Analysis: Salesforce.com, Inc.
FIG 27 SWOT analysis: Hewlett-Packard enterprise Company
FIG 28 SWOT Analysis: Teradata Corporation