North America Automated Machine Learning Market Size, Share & Industry Trends Analysis Report By Application, By Offering (Solution and Services), By Vertical, By Country and Growth Forecast, 2023 - 2029

North America Automated Machine Learning Market Size, Share & Industry Trends Analysis Report By Application, By Offering (Solution and Services), By Vertical, By Country and Growth Forecast, 2023 - 2029


The North America Automated Machine Learning Market would witness market growth of 41.3% CAGR during the forecast period (2023-2029).

AutoML's transfer learning technique, which uses previously trained models to enhance the performance of fresh models, is crucial. As a result, businesses generate more precise models with less training data & spend less time and money developing high-performing models by applying the information gained from one activity to another.

The market's growth is primarily attributable to two important factors: the rising need for individualized product suggestions and the rising demand for effective fraud detection solutions. Another element is increasing demand for AutoML solutions is the usage of automated lead scoring systems for customer segmentation & targeting new consumers. To operate a business successfully, locating new clients is essential. The process of finding potential customers used to take a lot of time, money, and resources for firms. A lead scoring system is simpler to implement than conventional client acquisition techniques.

One of the largest markets for automated machine learning is North America, which has several significant industries and a strong IT infrastructure. Increased expenditures in the defense, healthcare, and BFSI industries, as well as technical developments in the telecom sector and the uptake of services like security information & cloud applications, are anticipated to fuel the expansion of the North American ML market over the forecast period. Some North American IoT platform providers use machine learning technology to enhance their operations management skills to maintain control of huge IoT systems. These elements will increase the demand for machine learning (ML) solutions in North America while also supporting the growth of the market in the upcoming years.

The US market dominated the North America Automated Machine Learning Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,489.9 million by 2029. The Canada market is poised to grow at a CAGR of 44.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 43.3% during (2023 - 2029).

Based on Application, the market is segmented into Data Processing, Feature Engineering, Model Selection, Hyperparameter Optimization & Tuning, Model Ensembling and Others. Based on Offering, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Platform and Software Based on Solution Deployment, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Retail & Ecommerce, Media & Entertainment, Healthcare & Life Sciences, Government & Defense, Manufacturing, Automotive, Transportations, & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, IBM Corporation, Microsoft Corporation, Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), Salesforce, Inc., Hewlett-Packard enterprise Company, Teradata Corporation, Alibaba Cloud (Alibaba Group Holding Limited) and Databricks, Inc.

Scope of the Study

Market Segments covered in the Report:

By Application
  • Data Processing
  • Feature Engineering
  • Model Selection
  • Hyperparameter Optimization & Tuning
  • Model Ensembling
  • Others
By Offering
  • Solution
  • Type
  • Platform
  • Software
  • Deployment
  • Cloud
  • On-premise
  • Services
By Vertical
  • BFSI
  • IT & Telecom
  • Retail & Ecommerce
  • Media & Entertainment
  • Healthcare & Life Sciences
  • Government & Defense
  • Manufacturing
  • Automotive, Transportations, & Logistics
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Oracle Corporation
  • IBM Corporation
  • Microsoft Corporation
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Salesforce, Inc.
  • Hewlett-Packard enterprise Company
  • Teradata Corporation
  • Alibaba Cloud (Alibaba Group Holding Limited)
  • Databricks, Inc.
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automated Machine Learning Market, by Application
1.4.2 North America Automated Machine Learning Market, by Offering
1.4.3 North America Automated Machine Learning Market, by Vertical
1.4.4 North America Automated Machine Learning Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jun – 2023, May) Leading Players
Chapter 4. North America Automated Machine Learning Market by Application
4.1 North America Data Processing Market by Country
4.2 North America Feature Engineering Market by Country
4.3 North America Model Selection Market by Country
4.4 North America Hyperparameter Optimization & Tuning Market by Country
4.5 North America Model Ensembling Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Automated Machine Learning Market by Offering
5.1 North America Solution Market by Country
5.2 North America Automated Machine Learning Market by Solution Type
5.2.1 North America Platform Market by Country
5.2.2 North America Software Market by Country
5.3 North America Automated Machine Learning Market by Solution Deployment
5.3.1 North America Cloud Market by Country
5.3.2 North America On-premise Market by Country
5.4 North America Services Market by Country
Chapter 6. North America Automated Machine Learning Market by Vertical
6.1 North America BFSI Market by Country
6.2 North America IT & Telecom Market by Country
6.3 North America Retail & Ecommerce Market by Country
6.4 North America Media & Entertainment Market by Country
6.5 North America Healthcare & Life Sciences Market by Country
6.6 North America Government & Defense Market by Country
6.7 North America Manufacturing Market by Country
6.8 North America Automotive, Transportations, & Logistics Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Automated Machine Learning Market by Country
7.1 US Automated Machine Learning Market
7.1.1 US Automated Machine Learning Market by Application
7.1.2 US Automated Machine Learning Market by Offering
7.1.2.1 US Automated Machine Learning Market by Solution Type
7.1.2.2 US Automated Machine Learning Market by Solution Deployment
7.1.3 US Automated Machine Learning Market by Vertical
7.2 Canada Automated Machine Learning Market
7.2.1 Canada Automated Machine Learning Market by Application
7.2.2 Canada Automated Machine Learning Market by Offering
7.2.2.1 Canada Automated Machine Learning Market by Solution Type
7.2.2.2 Canada Automated Machine Learning Market by Solution Deployment
7.2.3 Canada Automated Machine Learning Market by Vertical
7.3 Mexico Automated Machine Learning Market
7.3.1 Mexico Automated Machine Learning Market by Application
7.3.2 Mexico Automated Machine Learning Market by Offering
7.3.2.1 Mexico Automated Machine Learning Market by Solution Type
7.3.2.2 Mexico Automated Machine Learning Market by Solution Deployment
7.3.3 Mexico Automated Machine Learning Market by Vertical
7.4 Rest of North America Automated Machine Learning Market
7.4.1 Rest of North America Automated Machine Learning Market by Application
7.4.2 Rest of North America Automated Machine Learning Market by Offering
7.4.2.1 Rest of North America Automated Machine Learning Market by Solution Type
7.4.2.2 Rest of North America Automated Machine Learning Market by Solution Deployment
7.4.3 Rest of North America Automated Machine Learning Market by Vertical
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Google LLC (Alphabet Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.5 SWOT Analysis
8.6 Salesforce, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Hewlett Packard Enterprise Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Teradata Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.8.5 SWOT Analysis
8.9 Alibaba Cloud (Alibaba Group Holding Limited)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.10. Databricks, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings