The global market size in the 'Machine Learning' segment of the artificial intelligence market was forecast to continuously increase between 2024 and 2030 by in total 424.1 billion U.S. dollars (+534.87 percent). After the seventh consecutive increasing year, the market size is estimated to reach 503.41 billion U.S. dollars and therefore a new peak in 2030.
Data provided by Statista Market Insights are estimates.
Definition: Machine learning is a branch of artificial intelligence that involves the use of algorithms and statistical models to enable computer systems to learn from data and improve their performance on a task. It has a wide range of applications, including image and speech recognition, natural language processing, and predictive analytics. The Machine Learning market includes software platforms, tools, and services that enable organizations to develop and deploy machine learning applications.
Additional Information:
The Machine Learning market comprises two key performance indicators: market sizes, and market sizes by industry. Market sizes are generated by the funding amount of Artificial Intelligence (AI) companies. Key players of the market include companies such as Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure.
For more information on the data displayed, use the info button right next to the boxes.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (April 11, 2024). Market size of the machine learning (ML) market globally from 2020 to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide
Statista. "Market size of the machine learning (ML) market globally from 2020 to 2030 (in billion U.S. dollars)." Chart. April 11, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide
Statista. (2024). Market size of the machine learning (ML) market globally from 2020 to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide
Statista. "Market Size of The Machine Learning (Ml) Market Globally from 2020 to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Apr 2024, https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide
Statista, Market size of the machine learning (ML) market globally from 2020 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide (last visited December 30, 2024)
Market size of the machine learning (ML) market globally from 2020 to 2030 (in billion U.S. dollars) [Graph], Statista, April 11, 2024. [Online]. Available: https://www.statista.com/forecasts/1449854/machine-learning-market-size-worldwide
