Automated Machine Learning (automl) Market Worth $6.4 Billion By 2028, Growing At A Cagr Of 44.6%: Report By Marketsandmarkets™

The global Automated Machine Learning (AutoML) Market size is projected to grow from USD 1.0 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 44.6%. AutoML tools in no code and low code platforms offer a streamlined approach to automate and optimize the model-building process. The solutions segment is expected to grow at a higher Compound Annual Growth Rate (CAGR) during the forecast period. The market is segmented into solutions and services, with solutions further bifurcated based on type and deployment. By application, the market is segmented into data processing, feature engineering, model selection, hyperparameter optimization and tuning, model assembling, and other applications.