Federated Learning Solutions Market Size, Share, Growth, Trends, and Forecast – 2028

The report “Federated Learning Market by Application (Drug Discovery, Industrial IoT), Vertical (Healthcare and Life Sciences, BFSI, Manufacturing, Retail and eCommerce, Energy and Utilities), and Region – Global Forecast to 2028” As per AS-IS scenario, the global federated learning solutions market size to grow from USD 117 million in 2023 to USD 201 million by 2028, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. Various factors such as the potential to enable companies to leverage a shared Machine Learning (ML) model collaboratively by keeping data on devices and the capability to enable predictive features on smart devices without impacting user experience and leaking private information are expected to offer growth opportunities for federated learning solutions during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151896843

As per AS-IS scenario, among verticals, the manufacturing segment to grow at the highest CAGR during the forecast period

The federated learning solutions market is segmented on verticals into BFSI, healthcare and life sciences, retail and eCommerce, energy and utilities, and manufacturing, and other verticals (telecommunications and IT, media and entertainment, and government). As per AS-IS scenario, the healthcare and life sciences vertical is expected to account for the largest market size during the forecast period. Moreover, the manufacturing vertical is expected to grow at the highest CAGR during the forecast period. With the increasing focus on Industrial Internet of Things (IIoT) and the rise in competition, manufacturing companies are prioritizing the analysis of data collected from numerous sources, including web, mobile, stores, and social media.

Europe to hold the largest market size during the forecast period

As per AS-IS scenario, Europe, followed by North America, is estimated to account for the largest market size in the federated learning solutions market during the forecast period respectively. Stringent data regulations and high focus on data privacy, focus on innovation through research, and rapid technology infrastructure advancements across verticals are the factors expected to drive the growth. These regions are early adopters of technologies and home to most of the existing federated learning solutions providers. The federated learning solutions market in APAC is projected to grow at the highest Compound Annual Growth Rate (CAGR) from 2023 to 2028. The increase in the adoption of emerging technologies, such as big data analytics, AI, and IoT, and ongoing developments to introduce data regulations, as well as focus on hyper-personalization and contextual recommendation in support of budding eCommerce markets in key countries such as China, India, and Japan are expected to drive the growth of federated learning solutions in the region.

Major vendors in the global federated learning solutions market include include NVIDIA (US), Cloudera (US), IBM (US), Microsoft (US), Google (US), Owkin (US), Intellegens (UK), DataFleets (US), Edge Delta (US), Enveil (US), Lifebit (UK), Secure AI Labs (US), Sherpa.ai (Spain), Decentralized Machine Learning (Singapore), and Consilient (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com