Machine Learning Market To Hit $419.94 Billion By 2030: Grand View Research, Inc.

The global machine learning market size is anticipated to reach USD 419.94 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 34.8% from 2023 to 2030, driven by the increasing demand for AI-driven solutions across industries. The emergence of connected AI is anticipated to make it possible for ML algorithms to learn based on newly available information continuously, propelling the market expansion in the upcoming years. The advertising & media segment dominated the market with a revenue share of 20.0% in 2022. The Asia Pacific region is expected to grow at the fastest CAGR of 43.5% from 2023 to 2030.