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Automated Machine Learning (AutoML) Market Share

Report ID: GMI9033
Published Date: Apr 2024
Report Format: PDF

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Automated Machine Learning Market Share

Alphabet Inc. and Amazon Web Services, Inc. hold a significant market share of over 15% in the automated machine learning (AutoML) industry. These market players are essaying partnership-based strategies along with technological advances to sustain the rising market competition. Through dedicated R&D, they are tailoring to AutoML offerings to meet the unique needs of their clientele. Strong commitment to innovation and customer satisfaction is also positioning these firms at the forefront of satisfying the growing demand for efficient and accessible AI solutions.

Automated Machine Learning Market Companies

Major companies operating in the automated machine learning (AutoML) industry are:

Alphabet Inc.
Alteryx
Amazon Web Services, Inc.
Dataiku
DataRobot, Inc.
Feature Labs
H2O.ai.
IBM Corporation
Microsoft
TIBCO Software Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automated machine learning (AutoML) recorded USD 1.4 billion in 2023 and is set to depict 30% CAGR from 2024 to 2032, due to the shortage of skilled data scientists and machine learning engineers.

The solution segment is estimated to account for over USD 10 billion by 2032, owing to their features like automated model selection and hyperparameter tuning for catering to organizations of all sizes and industries.

North America market accounted for over 37% share in 2023, due to the shortage of skilled data scientists and the growing need for AI-driven insights.

Alphabet Inc., Alteryx, Amazon Web Services, Inc., Dataiku, DataRobot, Inc., Feature Labs, H2O.ai., IBM Corporation, Microsoft, and TIBCO Software Inc. are some of the major automated machine learning (AutoML) companies worldwide.