The Automated Machine Learning Market size is estimated at USD 1.8 billion in 2024, and is expected to reach USD 11.12 billion by 2029, growing at a CAGR of 43.90% during the forecast period (2024-2029).
The global automated machine learning market exhibits moderate fragmentation, with numerous players meeting market demands. Intensifying competition is driven by the influx of new entrants, prompting existing participants to devise strategies for expanding their customer base. This dynamic landscape also spurs innovation as existing market players strive to develop cutting-edge products. Notable industry leaders include Datarobot Inc., Amazon Web Services Inc., dotData Inc., IBM Corporation, and Dataiku.
In August 2023, DataRobot introduced a new generative artificial intelligence (AI) offering comprising platform capabilities and applied AI services designed to expedite the journey from concept to value with generative AI.
In August 2023, dotData Inc. launched dotData Ops, a next-generation no-code MLOps platform. This platform empowers ML engineers by delivering an intuitive, self-service environment for the efficient deployment and operationalization of data, feature, and prediction pipelines.
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