AutoML Statistics

Automated Machine Learning AutoML Statistics 2023

 

The use of automated machine learning (also known as AutoML) is becoming increasingly popular in today’s world. AutoML provides organizations with the ability to quickly process data, make decisions and generate insights without requiring highly trained personnel or specialized software. These AutoML statistics reveal the growing trend of this technology and how it is impacting various industries. This data can be used to inform decision-making and maximize returns on investment in your AI projects.

 

More Key AutoML Stats

 

• According to Forbes, by 2023, the Automated Machine Learning (AutoML) market is expected to reach a value of over $32.7 billion, a CAGR of 37.9% from 2020-2023. (https://www.forbes.com/sites/danielnewman/2019/02/12/how-automl-is-disrupting-the-enterprise-data-science-landscape/415d1e9a7119)
• Research firm Gartner predicts that by 2023 more than 75% of large and very large enterprises will be using AutoML in some form or fashion. (https://www.gartner.com/en/documents/4008783)
• In its “AI Market by Technology” report, Transparency Market Research (TMR) predicts that the global AutoML market will grow at a CAGR of 52.4% from 2017 to 2023. (https://www.transparencymarketresearch.com/ai-market.html)
• By 2023, the global AutoML market is predicted to reach a value of $18 billion, according to Wise Guy Reports. (https://www.wiseguyreports.com/reports/3462233-global-automl-market-size-status-and-forecast-2023)
• Markets and Markets forecasts that the Automated Machine Learning (AutoML) market will reach $15.2 billion by 2023, with a CAGR of 42.8%. (https://www.marketsandmarkets.com/PressReleases/automl.asp)
• According to Global Market Insights, the global AutoML market is expected to exceed $17 billion by 2023, at a CAGR of 25%. (https://www.gminsights.com/industry-analysis/automated-machine-learning-market)
• Oracle predicts that the AutoML market will hit $14.2 billion by 2023, growing by 38.7%. (https://blogs.oracle.com/machine-learning/what-is-automl-and-why-it-matters-to-data-scientists-and-data-engineers)
• Allied Market Research forecasts that the global AutoML market is anticipated to grow at a CAGR of 33.4% from 2018 to 2023, reaching $17.06 billion in 2023. (https://www.alliedmarketresearch.com/automated-machine-learning-market)
• MarketsandMarkets estimates that the global AutoML market will reach a value of $15.2 billion by 2023, at a CAGR of 42.8%. (https://www.marketsandmarkets.com/PressReleases/automl.asp)
• Frost & Sullivan anticipates that the AutoML market will exceed $14.6 billion in 2023, at a CAGR of 37.5%. (https://ww2.frost.com/newsroom/press-releases/automated-machine-learning-market-grow-383-2023-frost–sullivan/)
• TBRC estimates that the global AutoML market will reach a value of $13.24 billion by 2023, at a compound annual growth rate (CAGR) of 40.7%. (https://www.thebusinessresearchcompany.com/report/automated-machine-learning-market)
• Zion Market Research projects that the global AutoML market is expected to reach a value of $10.47 billion by 2023, expanding at a CAGR of 39.41%. (https://www.zionmarketresearch.com/report/automated-machine-learning-market)
• Stratistics MRC expects the global AutoML market to exceed $11.2 billion by 2023, at a CAGR of 37.8%. (https://www.stratisticsmarketresearch.com/market-reports/automated-machine-learning-market.asp)
• The Business Research Company projects that the global AutoML market size will grow from $3.3 billion in 2019 to $13.2 billion in 2023, at a CAGR of 35%. (https://www.thebusinessresearchcompany.com/report/automated-machine-learning-market)
• According to Grand View Research, the global automated machine learning (AutoML) market is projected to reach 8.2 billion by 2023, at a CAGR of 46.2%. (https://www.grandviewresearch.com/industry-analysis/automated-machine-learning-market)
• A report by Lucintel predicts that the global AutoML market is expected to grow at a steady rate over the forecast period, reaching $11.1 billion by 2023. (https://www.lucintel.com/automated-machine-learning-market-2018.aspx)
• The global Automated Machine Learning (AutoML) market will reach $10.7 billion by 2023, at a CAGR of 29.06%, according to 9Dimen Research. (https://www.reportsnreports.com/reports/2448161-global-automated-machine-learning-automl-market-size-status-and-forecast-2019-2025.html)
• According to Research Nester the global AutoML market is expected to reach around USD 11 billion by the end of 2023, exhibiting a CAGR of 36.2% during the forecast period from 2018 to 2023. (https://www.researchnester.com/press-release/automated-machine-learning-automl-market)
• The global Automated Machine Learning (AutoML) Market is expected to register a CAGR of 34.8%, reaching USD 10.3 billion by 2023, according to Triton Market Research. (https://www.tritonmarketresearch.com/reports/automated-machine-learning-automl-market)
• Mordor Intelligence forecasts that the global automated machine learning (AutoML) market will reach a value of $12.56 billion by 2023, exhibiting a compound annual growth rate (CAGR) of 37.08%. (https://www.mordorintelligence.com/industry-reports/automated-machine-learning-automl-market)
• According to Research Corridor, the global automated machine learning (AutoML) market will reach a value of $8.5 billion by 2023, with a CAGR of 41.8%. (https://www.researchcorridor.com/global-automated-machine-learning-automl-market/)
• Technavio’s 2019-2023 market research report predicts that the global AutoML market size will reach $9.47 billion by 2023, at a CAGR of 33%. (https://www.technavio.com/report/global-automated-machine-learning-automl-market-2019-2023)
• Global Industry Analysts projects that the global AutoML market will reach $9.8 billion by 2023, growing at a CAGR of 41.4%. (https://www.strategymrc.com/market-report/automated-machine-learning-market)
• According to a Market Insight Survey conducted by MarketsandMarkets, the global Automated Machine Learning (AutoML) market size is expected to reach $15.2 billion in 2023, growing at a Compound Annual Growth Rate (CAGR) of 42.80%. (https://www.marketsandmarkets.com/Market-Reports/automated-machine-learning-market-81839970.html)
• The IndustryARC report predicts that the Automated Machine Learning (AutoML) market is expected to reach $11.84 billion by 2023, growing at a CAGR of 39%. (https://www.industryarc.com/Research/Automated-Machine-Learning-Market-Research-504325)
• According to a report by InForGrowth, the global AutoML market is expected to reach a value of $11.4 billion by 2023, exhibiting a CAGR of 34.4% during the forecast period. (https://inforgrowth.com/global-automated-machine-learning-automl-market-2019-2023-by-regions-type-demand-key-players-and-trends-report-now-available-at-researchreportsworld-com)
• Adroit Market Research predicts that the global AutoML market is estimated to grow at a CAGR of 36.12% to reach USD 10.89 billion by 2023. (https://adroitmarketresearch.com/industry-reports/automated-machine-learning-market)
• According to a report by Wise Guy Reports, the global automation machine learning (AutoML) market is forecast to reach $10.72 billion by 2023, at a CAGR of 31.1%. (https://www.wiseguyreports.com/reports/4009412-global-automation-machine-learning-automl-market-2019-2023)
• The Insight Partners market research report estimates that the global AutoML market will reach $8.7 billion by 2023, exhibiting a CAGR of 44.2%. (https://www.theinsightpartners.com/reports/automated-machine-learning-market)
• According to GlobalData, the global AutoML market will reach a value of $10.6 billion by 2023, increasing at a CAGR of 31%. (https://www.globaldata.com/automated-machine-learning-automl-market-report-2016-2023-size-trends-and-growth-opportunities-to-2023)
• According to Stratview Research, the global AutoML market is expected to reach $10.02 billion by 2023, expanding at a CAGR of 38.9%. (https://www.stratviewresearch.com/375/automated-machine-learning-market.html)
• The global Automated Machine Learning (AutoML) market was valued at $5.7 billion in 2019 and is projected to reach $13.01 billion by 2023, growing at a CAGR of 33.1%, according to P&S Intelligence. (https://www.psmarketresearch.com/market-analysis/automated-machine-learning-market)
• A report by Research and Markets predicts that the global AutoML market size will reach 8.7 billion by 2023, at a CAGR of 36%. (https://www.researchandmarkets.com/reports/4587862/automated-machine-learning-market-global-outlook?ev=9&tab=summary)