Automated Machine Learning (AutoML) Market Report 2025

The automated machine learning (AutoML) market size has grown exponentially in recent years. It will grow from $1.64 billion in 2024 to $2.35 billion in 2025 at a compound annual growth rate (CAGR) of 43.6%. The growth in the historic period can be attributed to complexity of machine learning, scarcity of data science talent, demand for speedy solutions, advancements in ai and computing power, cost efficiency.

The automated machine learning (AutoML) market size is expected to see exponential growth in the next few years. It will grow to $10.93 billion in 2029 at a compound annual growth rate (CAGR) of 46.8%. The growth in the forecast period can be attributed to ai integration across industries, expansion of IoT and big data, rise of edge computing, hybrid cloud and on-premises solutions, regulatory compliance requirements. Major trends in the forecast period include automated feature engineering, federated learning advancements, explainable ai and model interpretability, AutoML for unstructured data, AutoML for autonomous systems.

The increasing demand for advanced fraud detection solutions is anticipated to drive the growth of the automated machine learning (AutoML) market in the future. Fraud detection refers to the process of identifying and preventing fraudulent activities or behaviors within a system or organization. Automated machine learning (AutoML) can assist in fraud detection by utilizing its ability to process and analyze large amounts of data, recognize patterns, and identify anomalies that may suggest fraudulent activities. For example, in February 2024, Allianz Insurance plc, a Germany-based company providing insurance and asset management services, reported that $95.2 million (£77.4 million) in claims fraud was detected in 2023, an increase from $86.96 million (£70.7 million) in 2022. Thus, the rising demand for advanced fraud detection solutions is propelling the growth of the automated machine learning (AutoML) market.

The proliferation of IoT devices is poised to contribute to the growth of the automated machine learning (AutoML) market. Internet of Things (IoT) devices, embedded with sensors, software, and other technologies, exchange data with other devices or systems over the internet. The exponential growth in IoT devices results in a vast amount of data that can be utilized for valuable insights. AutoML facilitates the development of machine learning models to extract meaningful information from the data generated by IoT devices. According to TechJury Official, a Czech Republic-based online media company, there were approximately 42.62 billion installed IoT devices, sensors, and actuators in 2022, marking a significant increase from 35.82 billion in 2021 and 30.73 billion in 2020. Consequently, the growing number of IoT devices is a catalyst for the growth of the automated machine learning (AutoML) market.

The automated machine learning (AutoML) market is witnessing a significant trend in technological innovations, with major companies adopting new advancements to maintain their market positions. For example, in April 2023, AND Solutions Pte Ltd., a fintech company based in Singapore, launched the NIKO AutoML platform - a cutting-edge machine-learning tool designed to simplify and accelerate the creation of prediction models. Offering various tools and functionalities, NIKO AutoML enables users to swiftly create and deploy high-quality machine learning models without the need for coding or data science expertise. The user-friendly interface guides users through each stage of the process, delivering optimal results in a fraction of the time required by traditional methods. NIKO AutoML offers key benefits, including fast and accurate model creation, streamlined workflows, increased productivity, and cost-effectiveness.

Major players in the AutoML market are dedicated to developing innovative solutions, such as an AutoML platform for Arm compilers. AutoML for Arm compiler involves integrating AutoML capabilities with the Arm compiler, which generates machine code for Arm processors. In March 2023, TDK Corporation, a Tokyo-based electronic solutions manufacturer, introduced the ‘Qeexo AutoML’ platform tailored for lightweight Cortex-M0 to -M4 class processors. This platform supports various machine learning algorithms, excelling in ultra-low latency and power consumption. Qeexo AutoML empowers users to rapidly create and implement machine learning solutions using sensor data, making it ideal for deployment in resource-constrained environments such as industrial, IoT, wearables, automotive, and mobile.

In May 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturer, acquired Imagimob AB for an undisclosed sum. This acquisition enables Infineon Technologies to bolster its position in the expanding market for embedded AI solutions and tiny machine learning, improving its ability to provide advanced functionalities and energy-efficient control in IoT applications. Imagimob AB is a Sweden-based company focused on edge AI and tinyML, aimed at facilitating the intelligent products of the future.

Major companies operating in the automated machine learning (AutoML) market include Google LLC, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Salesforce Inc., Teradata Corporation, Alteryx, Altair Engineering Inc., EdgeVerve Systems Limited, TIBCO Software Inc., DataRobot Inc., Dataiku, BigPanda., H2O.ai Inc., KNIME, Cognitivescale, Anyscale Inc., RapidMiner, Squark AI Inc., Auger.AI, DotData Inc., BigML Inc., Valohai, DarwinAI, Aible Inc., SigOpt, Zerion, Xpanse AI, Neptune Labs.

North America was the largest region in the automated machine learning (AutoML) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated machine learning (automl) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automated machine learning (automl) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Automated machine learning (AutoML) is the application of machine learning to practical problems, automating the selection, composition, and parameterization of machine learning models. AutoML streamlines the machine learning process, making it more user-friendly and often yielding faster and more accurate outputs compared to manually coded algorithms.

The primary offerings in automated machine learning (AutoML) include solutions and services. Solutions involve the implementation of software tools to address specific organizational issues. Automated machine learning solutions enable business users to easily adopt machine learning, allowing data scientists to focus on more complex challenges. These solutions can be deployed in various settings, such as cloud and on-premises, catering to both small and medium enterprises as well as large enterprises. They find applications in data processing, feature engineering, model selection, hyperparameter optimization and tuning, model assembling, and other areas. AutoML is utilized by various end-users, including industries such as banking, financial services, and insurance (BFSI), retail and e-commerce, healthcare, manufacturing, among others.

The automated machine learning (AutoML) market research report is one of a series of new reports that provides automated machine learning (AutoML) market statistics, including automated machine learning (AutoML) industry global market size, regional shares, competitors with an automated machine learning (AutoML) market share, detailed automated machine learning (AutoML) market segments, market trends and opportunities, and any further data you may need to thrive in the automated machine learning (AutoML) industry. This automated machine learning (AutoML) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automated machine learning (AutoML) market includes revenues earned by entities by providing data visualization, deployment of technology, monitoring and problem cracking, fraud detection, neural architecture search (NAS), and workflow optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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