Machine Learning Market Set To Hit Usd 188.34 Billion By 2030, Exponentially Growing At 37.47% Cagr, Fueled By Rising Data Generation Across Industries, Kings Research Reports

The global Machine Learning Market is projected to reach USD 188.34 billion by 2030, growing at 37.47% CAGR from 2023 to 2030. The primary factors fostering market growth are advancements in technology and accelerated adoption of artificial intelligence. Furthermore, the demand for efficient data analysis and prediction tools in industries such as healthcare, finance, and retail is bolstering market expansion. In November 2023, Box and Google Cloud expanded their partnership to offer advanced AI and machine learning functions. These new capabilities will empower companies to automatically categorize and tag documents, extract vital information from text, and construct predictive models.