The Machine Learning Development Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Machine Learning Development Market?
The market size of machine learning development has seen significant expansion recently. The market size was $52.23 billion in 2024, and it is projected to increase to $74.16 billion in 2025, with a compound annual growth rate (CAGR) of 42.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Machine Learning Development Industry?
The Machine Learning Development Global Market is expected to reach $298.06 billion by 2029, growing at a compound annual growth rate (CAGR) of 41.6%.
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What are the Key Growth Drivers Fueling the Machine Learning Development Market?
The key drivers in the machine learning development market are:
•Growth in infrastructure support for machine learning development
•Rising demand for automation solutions
•Increase in data volume requiring advanced processing
•Rising need for personalized solutions and higher demand for cloud-based solutions
Global Market Segmentation: Identifying Major Machine Learning Development Industry Segments
The machine learning development market covered in this report is segmented –
1) By Deployment Mode: On-Premises, Cloud-Based
2) By Application: Predictive Maintenance, Fraud Detection and Prevention, Customer Segmentation, Image and Speech Recognition, Other Applications
3) By End-User: Healthcare, Finance, Retail, Manufacturing, Information Technology And Telecom, Other End-Users
Subsegments:
1) By On-Premises: On-Premises Machine Learning Development Platforms, On-Premises Data Storage for Machine Learning, On-Premises Machine Learning Model Training, On-Premises AI/ML Development Tools, On-Premises Machine Learning Frameworks
2) By Cloud-Based: Cloud-Based Machine Learning Development Platforms, Cloud-Based Data Storage and Processing for Machine Learning, Cloud-Based Model Training and Deployment, Cloud-Based AI/ML Development Services, Cloud-Based Machine Learning Frameworks and Libraries
3) By Managed Cloud ML Solutions
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What are the emerging Trends Shaping the Future of the Machine Learning Development Market?
The key trends in the machine learning development market are:
•Technological advancements and innovations in artificial intelligence (AI) technologies are set to shape the future of the market.
•No-code and low-code technologies are emerging trends in the machine learning development market.
•Foundation models and multimodal learning are becoming increasingly influential in the sector.
•Automated machine learning (AutoML) is a significant trend shaping the future of the machine learning development market.
Who Are the Top Competitors & Leading Players in the Machine Learning Development Market?
Major players in the machine learning development market are:
• Alphabet Inc.
• Microsoft Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Tencent Holdings Ltd.
• Amazon Web Services (AWS) Inc.
• Intel Corporation
• Siemens AG
• General Electric (GE)
• International Business Machines (IBM) Corporation
• Schneider Electric SE
• Honeywell International Inc.
• NVIDIA Corporation
• Rockwell Automation
• Fanuc
• Dassault Systemes SA
• Hexagon AB
• Autodesk Inc.
• PTC Inc.
• Emerson Electric Co.
• Yokogawa Electric Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the machine learning development market in 2024
