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PUBLISHER: Grand View Research | PRODUCT CODE: 1751606
PUBLISHER: Grand View Research | PRODUCT CODE: 1751606
Machine Learning Market Size, Share & Trends Analysis Report, By Component (Hardware, Software, Services), By Enterprise Size (SMEs, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2025 - 2030
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Machine Learning Market Growth & Trends:
The global machine learning market size is anticipated to reach USD 419.94 billion by 2030, registering a CAGR of 33.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing continuous growth, driven by the increasing demand for AI-driven solutions across industries. It is expected to expand further as more organizations recognize the potential of machine learning and invest in its applications. The growing deployment of Edge AI is responsible for market growth. Edge AI reduces the reliance on cloud computing and provides faster response times, improved privacy, and bandwidth efficiency.
Numerous companies are using machine learning (ML) in various industries to boost productivity, streamline processes, and facilitate decision-making. ML is used for personalized product recommendations, demand forecasting, fraud detection, inventory management, and pricing optimization. For instance, Netflix, Inc., a U.S.-based media-streaming and video-rental company, uses machine learning to enhance the customer experience. The company has long been using machine learning algorithms to personalize its viewer recommendations. E-commerce firms like Amazon.com, Inc, a U.S.-based multinational technology company, also uses ML for recommendation to boost sales.
Developments such as fine-tuned personalization, hyper-targeting, search engine optimization (SEO), no-code environments, self-learning bots, and others are expected to impact the machine-learning landscape significantly. These developments are responsible for the continuous evolution of machine learning applications, driven by the demand for personalized experiences, improved website rankings, efficient marketing strategies, accessibility, and intelligent automation.
For instance, Google LLC has significantly advanced machine learning, specifically in computer vision. Google's research division, Google Research, has developed and deployed machine learning models such as the Inception series and the EfficientDet object detection model. These models have significantly enhanced the accuracy and performance of computer vision tasks, including image classification, object detection, and image segmentation.
Many industries in North America have adopted machine learning to gain insights from massive data and improve business operations. Machine learning is used in various sectors such as finance, healthcare, retail, manufacturing, and technology to perform tasks such as fraud detection, personalized marketing, predictive maintenance, and automated customer service. The growing adoption of cloud-based machine learning services in North America propels the market's growth. The rise of cloud computing platforms, such as Amazon Web Services, Microsoft Azure, and Google Cloud, has made it easier for businesses to access and deploy machine learning tools and infrastructure.
Machine Learning Market Report Highlights:
- The services segment accounted for the highest revenue share of 54.1% in 2024. The adoption of machine learning is driven by its increasing accessibility, the pressure to lower operational costs, and the push to automate core business functions.
- The large enterprises segment accounted for the largest market revenue share in 2024. Based on enterprise size, the market is categorized into small and medium enterprises (SMEs) and large enterprises.
- The advertising & media segment accounted for the largest market revenue share in 2024. Hyper-personalization is one of the key trends in which machine learning algorithms analyze enormous volumes of user data to produce highly personalized and pertinent adverts that boost engagement and conversion rates.
- North America dominated the market and accounted for a 26.7% share in 2024. With machine learning's increasing impact on society, there is a growing emphasis on ethical AI and responsible AI practices in North America.
Product Code: GVR-4-68038-095-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Machine Learning Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Machine Learning Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.1. Industry Analysis - Porter's
- 3.4. Pain Point Analysis
Chapter 4. Machine Learning Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Machine Learning market: Component Movement Analysis, 2022 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Machine Learning Market: Enterprise Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Machine Learning Market: Deployment Movement Analysis, 2022 & 2030 (USD Million)
- 5.3. SMEs
- 5.3.1. SMEs Machine Learning Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Large Enterprises
- 5.4.1. Large Enterprises Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Machine Learning Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Machine Learning market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Healthcare
- 6.3.1. Healthcare Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. BFSI
- 6.4.1. BFSI Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Law
- 6.5.1. Law Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Retail
- 6.6.1. Retail Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Advertising & Media
- 6.7.1. Advertising & Media Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Automotive & Transportation
- 6.8.1. Automotive & Transportation Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Agriculture
- 6.9.1. Agriculture Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.10. Manufacturing
- 6.10.1. Manufacturing Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.11. Others
- 6.11.1. Others Machine Learning market: Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Machine Learning Market: Regional Estimates & Trend Analysis
- 7.1. Machine Learning Market Share, By Region, 2022 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Machine Learning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Machine Learning market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. KSA
- 7.6.4.1. KSA Machine Learning market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Heat Map Analysis
- 8.7. Strategy Mapping
- 8.8. Company Profiles/Listing
- 8.8.1. Amazon Web Services, Inc.
- 8.8.1.1. Participant's Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.1.4. Recent Developments
- 8.8.2. Baidu, Inc.
- 8.8.2.1. Participant's Overview
- 8.8.2.2. Financial Performance
- 8.8.2.3. Product Benchmarking
- 8.8.2.4. Recent Developments
- 8.8.3. Google
- 8.8.3.1. Participant's Overview
- 8.8.3.2. Financial Performance
- 8.8.3.3. Product Benchmarking
- 8.8.3.4. Recent Developments
- 8.8.4. H2O.ai.
- 8.8.4.1. Participant's Overview
- 8.8.4.2. Financial Performance
- 8.8.4.3. Product Benchmarking
- 8.8.4.4. Recent Developments
- 8.8.5. Hewlett-Packard Enterprise Development LP
- 8.8.5.1. Participant's Overview
- 8.8.5.2. Financial Performance
- 8.8.5.3. Product Benchmarking
- 8.8.5.4. Recent Developments
- 8.8.6. Intel Corporation
- 8.8.6.1. Participant's Overview
- 8.8.6.2. Financial Performance
- 8.8.6.3. Product Benchmarking
- 8.8.6.4. Recent Developments
- 8.8.7. International Business Machines Corporation
- 8.8.7.1. Participant's Overview
- 8.8.7.2. Financial Performance
- 8.8.7.3. Product Benchmarking
- 8.8.7.4. Recent Developments
- 8.8.8. Microsoft
- 8.8.8.1. Participant's Overview
- 8.8.8.2. Financial Performance
- 8.8.8.3. Product Benchmarking
- 8.8.8.4. Recent Developments
- 8.8.9. SAS Institute Inc.
- 8.8.9.1. Participant's Overview
- 8.8.9.2. Financial Performance
- 8.8.9.3. Product Benchmarking
- 8.8.9.4. Recent Developments
- 8.8.10. SAP SE or an SAP affiliate company
- 8.8.10.1. Participant's Overview
- 8.8.10.2. Financial Performance
- 8.8.10.3. Product Benchmarking
- 8.8.10.4. Recent Developments
- 8.8.1. Amazon Web Services, Inc.
Product Code: GVR-4-68038-095-8
List of Tables
- Table 1 Global Machine Learning market by Component, 2018 - 2030 (USD Million)
- Table 2 Global Machine Learning market by Enterprise Size, 2018 - 2030 (USD Million)
- Table 3 Global Machine Learning market by End-Use, 2018 - 2030 (USD Million)
- Table 4 Global Machine Learning market by region, 2018 - 2030 (USD Million)
- Table 5 North America Machine Learning market by country, 2018 - 2030 (USD Million)
- Table 6 Europe Machine Learning market by country, 2018 - 2030 (USD Million)
- Table 7 Asia Pacific Machine Learning market by country, 2018 - 2030 (USD Million)
- Table 8 Latin America Machine Learning market by country, 2018 - 2030 (USD Million)
- Table 9 MEA Machine Learning market by country, 2018 - 2030 (USD Million)
- Table 10 Key companies launching new products/services.
- Table 11 Key companies engaged in mergers & acquisition.
- Table 12 Key companies engaged in Research & development.
- Table 13 Key Companies engaged in expansion.
List of Figures
- Fig. 1 Machine Learning market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Market formulation & validation
- Fig. 7 Machine Learning market snapshot
- Fig. 8 Machine Learning market segment snapshot
- Fig. 9 Machine Learning market competitive landscape snapshot
- Fig. 10 Market driver impact analysis
- Fig. 11 Market restraint impact analysis
- Fig. 12 Machine Learning market: Component outlook key takeaways (USD Million)
- Fig. 13 Machine Learning market: Component movement analysis 2024 & 2030 (USD Million)
- Fig. 14 Hardware Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 15 Software Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 16 Services Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Machine Learning Market: Enterprise Size key takeaways (USD Million)
- Fig. 18 Machine Learning market: Enterprise Size movement analysis 2024 & 2030 (USD Million)
- Fig. 19 SMEs Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Large Enterprise Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Machine Learning Market: End Use outlook key takeaways (USD Million)
- Fig. 22 Machine Learning market: End Use movement analysis 2024 & 2030 (USD Million)
- Fig. 23 Healthcare Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 BFSI Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Law Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Retail Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Advertising & Media providers Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Automotive & Transportation providers Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Agriculture providers Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Manufacturing providers Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 31 Others Machine Learning market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Regional marketplace: Key takeaways
- Fig. 33 Machine Learning market: Regional outlook, 2024 & 2030, USD Million
- Fig. 34 North America Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 35 U.S. Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Canada Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Mexico Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Europe Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 39 UK Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Germany Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 41 France Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Asia Pacific Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 43 China Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Japan Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 45 India Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 46 South Korea Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Australia Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Latin America Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Brazil Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 50 MEA Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 51 KSA Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 52 UAE Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 53 South Africa Machine Learning market estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Company Categorization
- Fig. 55 Company Market Positioning
- Fig. 56 Strategy framework
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