The North America Machine Learning Market would witness market growth of 35.7% CAGR during the forecast period (2023-2030).
Fintech companies are increasingly leveraging client data and applying AI and ML to a variety of applications across multiple channels to forecast, among other things, how customers' needs will change over time, which types of fraud have the best chance of attacking a system, what services will be helpful, etc.
Finance companies may eliminate manual labor by using machine learning-powered solutions to automate repetitive tasks via intelligent process automation, increasing business efficiency. Examples throughout the predicted period include chatbots, document automation, and gamification of staff training. Financial procedures are being automated via machine learning.
Financial institutions increasingly seek to engage with and service clients via digital channels after the COVID-19 pandemic. The market is seeing an increase in chatbots, account opening, managing support, and technical assistance, among other things. Posh. Tech, Spixii, and other fintech businesses provide banks with intelligent chatbots for crucial customer-facing tasks.
The development of ML solutions has been accelerated in North America owing to the region's robust innovation ecosystem, supported by strategic federal investments in cutting-edge technology and brilliant scientists and entrepreneurs from top research institutions worldwide. Additionally, 5G, IoT, and linked gadgets have proliferated in the area. Consequently, communications service providers (CSPs) must effectively handle the increasing complexity via network slicing, virtualization, new use cases, and service needs. The Canadian government has funded eHealth initiatives like the First Ministers' Agreements ever since the 1997 Federal Budget. The regional market expansion is predicted to be supported by all of these factors.
The US market dominated the North America Machine Learning Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $101.6 billion by 2030. The Canada market is poised to grow at a CAGR of 38.8% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 37.6% during (2023 - 2030).
Based on Enterprise Size, the market is segmented into Large Enterprises, and SMEs. Based on Component, the market is segmented into Services, Software, and Hardware. Based on End-use, the market is segmented into Advertising & Media, BFSI, Automotive & Transportation, Manufacturing, Agriculture, Retail, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Machine Learning Market is Projected to reach USD 408.4 Billion by 2030, at a CAGR of 36.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Baidu, Inc., Google LLC (Alphabet Inc.), H2O.ai, Inc., Hewlett-Packard enterprise Company (HP Development Company L.P.), Intel Corporation, IBM Corporation, Microsoft Corporation, SAS Institute, Inc., SAP SE
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
By Component
By End-use
- Advertising & Media
- BFSI
- Automotive & Transportation
- Manufacturing
- Agriculture
- Retail
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Baidu, Inc.
- Google LLC (Alphabet Inc.)
- H2O.ai, Inc.
- Hewlett-Packard enterprise Company (HP Development Company L.P.)
- Intel Corporation
- IBM Corporation
- Microsoft Corporation
- SAS Institute, Inc.
- SAP SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Machine Learning Market, by Enterprise Size
1.4.2 North America Machine Learning Market, by Component
1.4.3 North America Machine Learning Market, by End-use
1.4.4 North America Machine Learning Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2021
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb – 2023, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Machine Learning Market by Enterprise Size
5.1 North America Large Enterprises Market by Country
5.2 North America SMEs Market by Country
Chapter 6. North America Machine Learning Market by Component
6.1 North America Services Market by Country
6.2 North America Software Market by Country
6.3 North America Hardware Market by Country
Chapter 7. North America Machine Learning Market by End-use
7.1 North America Advertising & Media Market by Country
7.2 North America BFSI Market by Country
7.3 North America Automotive & Transportation Market by Country
7.4 North America Manufacturing Market by Country
7.5 North America Agriculture Market by Country
7.6 North America Retail Market by Country
7.7 North America Healthcare Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Machine Learning Market by Country
8.1 US Machine Learning Market
8.1.1 US Machine Learning Market by Enterprise Size
8.1.2 US Machine Learning Market by Component
8.1.3 US Machine Learning Market by End-use
8.2 Canada Machine Learning Market
8.2.1 Canada Machine Learning Market by Enterprise Size
8.2.2 Canada Machine Learning Market by Component
8.2.3 Canada Machine Learning Market by End-use
8.3 Mexico Machine Learning Market
8.3.1 Mexico Machine Learning Market by Enterprise Size
8.3.2 Mexico Machine Learning Market by Component
8.3.3 Mexico Machine Learning Market by End-use
8.4 Rest of North America Machine Learning Market
8.4.1 Rest of North America Machine Learning Market by Enterprise Size
8.4.2 Rest of North America Machine Learning Market by Component
8.4.3 Rest of North America Machine Learning Market by End-use
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.5 SWOT Analysis
9.2 Baidu, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent Strategies and Developments:
9.2.5.1 Partnerships, Collaborations and Agreements:
9.2.6 SWOT Analysis
9.3 Google LLC (Alphabet Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 H2O.ai, Inc.
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.2.2 Product Launches and Product Expansions:
9.4.3 SWOT Analysis
9.5 Hewlett Packard Enterprise Company (HP Development Company L.P.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Intel Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 IBM Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Microsoft Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 SAS Institute, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.3 SWOT Analysis
9.10. SAP SE
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis
TABLE 1 North America Machine Learning Market, 2019 - 2022, USD Million
TABLE 2 North America Machine Learning Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Learning Market
TABLE 4 Product Launches And Product Expansions– Machine Learning Market
TABLE 5 Acquisition and Mergers– Machine Learning Market
TABLE 6 North America Machine Learning Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 7 North America Machine Learning Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 8 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Large Enterprises Market by Country, 2023 - 2030, USD Million
TABLE 10 North America SMEs Market by Country, 2019 - 2022, USD Million
TABLE 11 North America SMEs Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Machine Learning Market by Component, 2019 - 2022, USD Million
TABLE 13 North America Machine Learning Market by Component, 2023 - 2030, USD Million
TABLE 14 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Machine Learning Market by End-use, 2019 - 2022, USD Million
TABLE 21 North America Machine Learning Market by End-use, 2023 - 2030, USD Million
TABLE 22 North America Advertising & Media Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Advertising & Media Market by Country, 2023 - 2030, USD Million
TABLE 24 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 25 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Automotive & Transportation Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Agriculture Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Machine Learning Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Machine Learning Market by Country, 2023 - 2030, USD Million
TABLE 40 US Machine Learning Market, 2019 - 2022, USD Million
TABLE 41 US Machine Learning Market, 2023 - 2030, USD Million
TABLE 42 US Machine Learning Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 43 US Machine Learning Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 44 US Machine Learning Market by Component, 2019 - 2022, USD Million
TABLE 45 US Machine Learning Market by Component, 2023 - 2030, USD Million
TABLE 46 US Machine Learning Market by End-use, 2019 - 2022, USD Million
TABLE 47 US Machine Learning Market by End-use, 2023 - 2030, USD Million
TABLE 48 Canada Machine Learning Market, 2019 - 2022, USD Million
TABLE 49 Canada Machine Learning Market, 2023 - 2030, USD Million
TABLE 50 Canada Machine Learning Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 51 Canada Machine Learning Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 52 Canada Machine Learning Market by Component, 2019 - 2022, USD Million
TABLE 53 Canada Machine Learning Market by Component, 2023 - 2030, USD Million
TABLE 54 Canada Machine Learning Market by End-use, 2019 - 2022, USD Million
TABLE 55 Canada Machine Learning Market by End-use, 2023 - 2030, USD Million
TABLE 56 Mexico Machine Learning Market, 2019 - 2022, USD Million
TABLE 57 Mexico Machine Learning Market, 2023 - 2030, USD Million
TABLE 58 Mexico Machine Learning Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 59 Mexico Machine Learning Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 60 Mexico Machine Learning Market by Component, 2019 - 2022, USD Million
TABLE 61 Mexico Machine Learning Market by Component, 2023 - 2030, USD Million
TABLE 62 Mexico Machine Learning Market by End-use, 2019 - 2022, USD Million
TABLE 63 Mexico Machine Learning Market by End-use, 2023 - 2030, USD Million
TABLE 64 Rest of North America Machine Learning Market, 2019 - 2022, USD Million
TABLE 65 Rest of North America Machine Learning Market, 2023 - 2030, USD Million
TABLE 66 Rest of North America Machine Learning Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 67 Rest of North America Machine Learning Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 68 Rest of North America Machine Learning Market by Component, 2019 - 2022, USD Million
TABLE 69 Rest of North America Machine Learning Market by Component, 2023 - 2030, USD Million
TABLE 70 Rest of North America Machine Learning Market by End-use, 2019 - 2022, USD Million
TABLE 71 Rest of North America Machine Learning Market by End-use, 2023 - 2030, USD Million
TABLE 72 Key Information – Amazon Web Services, Inc.
TABLE 73 Key Information – Baidu, Inc.
TABLE 74 Key Information – Google LLC
TABLE 75 Key Information – H2O.ai, Inc.
TABLE 76 key information – Hewlett Packard Enterprise Company
TABLE 77 Key Information – Intel Corporation
TABLE 78 Key information – IBM Corporation
TABLE 79 key information – Microsoft Corporation
TABLE 80 Key information – SAS Institute, Inc.
TABLE 81 Key Information – SAP SE
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Machine Learning Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors Machine Learning Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2021
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb – 2023, Jun) Leading Players
FIG 8 Porter’s Five Forces Analysis – Machine Learning Market
FIG 9 North America Machine Learning Market share by Enterprise Size, 2022
FIG 10 North America Machine Learning Market share by Enterprise Size, 2030
FIG 11 North America Machine Learning Market by Enterprise Size, 2019 - 2030, USD Million
FIG 12 North America Machine Learning Market share by Component, 2022
FIG 13 North America Machine Learning Market share by Component, 2030
FIG 14 North America Machine Learning Market by Component, 2019 - 2030, USD Million
FIG 15 North America Machine Learning Market share by End-use, 2022
FIG 16 North America Machine Learning Market share by End-use, 2030
FIG 17 North America Machine Learning Market by End-use, 2019 - 2030, USD Million
FIG 18 North America Machine Learning Market share by Country, 2022
FIG 19 North America Machine Learning Market share by Country, 2030
FIG 20 North America Machine Learning Market by Country, 2019 - 2030, USD Million
FIG 21 SWOT analysis: Amazon.com, Inc.
FIG 22 Swot analysis: Baidu, inc.
FIG 23 Recent strategies and developments: Google LLC
FIG 24 SWOT Analysis: Google LLC. (Alphabet Inc)
FIG 25 Recent strategies and developments: H2O.ai, Inc.
FIG 26 SWOT Analysis: H2O.ai, Inc.
FIG 27 Recent strategies and developments: Hewlett-Packard enterprise Company
FIG 28 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 29 Recent strategies and developments: Intel Corporation
FIG 30 SWOT Analysis: Intel corporation
FIG 31 Recent strategies and developments: IBM Corporation
FIG 32 Swot Analysis: IBM Corporation
FIG 33 Recent strategies and developments: Microsoft Corporation
FIG 34 SWOT Analysis: Microsoft Corporation
FIG 35 SWOT Analysis: SAS INSTITUTE, INC.
FIG 36 SWOT Analysis: SAP SE