ML market size various countries 2024

The United States has the largest machine learning market worldwide in 2024, with a value of over 21 billion U.S. dollars. India, despite its large population, is still only comparable to the large European nations in market size.

Market size of machine learning (ML) in various countries in 2024 (in billion U.S. dollars)

Characteristic	In billion U.S. dollars
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Supplementary notes

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.

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