Asia has the largest machine learning market globally in 2024, with nearly 30 billion U.S. dollars of value in the region. North America and Europe are close behind, both hitting the 20 billion U.S. dollar mark. Unsurprisingly, with none of the world's largest economies, the smaller three regions are tiny compared to Asia and the West.
Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region
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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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Statista. (June 13, 2024). Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. "Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region (in billion U.S. dollars)." Chart. June 13, 2024. Statista. Accessed September 14, 2024. https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. (2024). Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. "Size of The Machine Learning (Ml) Segment of The Artificial Intelligence (Ai) Market in 2024, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Jun 2024, https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista, Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region (last visited September 14, 2024)
Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2024, by region (in billion U.S. dollars) [Graph], Statista, June 13, 2024. [Online]. Available: https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
