According to the latest market research study published by P&S Intelligence, the global automated machine learning market is experiencing significant growth and is expected to continue its rapid expansion, reaching an estimated value of USD 15.5 billion by 2030. This growth is substantial, considering the market was valued at USD 866.3 million in 2023, translating to a compound annual growth rate (CAGR) of 52.8% from 2024 to 2030. Key factors driving this growth include the increased demand for
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The automated machine learning market is growing rapidly and is expected to reach $15,499.3 million by 2030. This growth is driven by the rising need for effective fraud detection, personalized product recommendations, and predictive lead scoring solutions.
Cloud computing is a key enabler of this growth, offering improved cost efficiency, agility, scalability, and optimized resource use. Unlike standalone technologies, cloud computing is a blend of components that together drive innovation and
