Global Federated Learning Solutions Market is Expected to Reach US $ 227.36 MN By Forecast year 2028 | Stratistics MRC

September 20 12:21 2021
Global Federated Learning Solutions Market is Expected to Reach US $ 227.36 MN By Forecast year 2028 | Stratistics MRC
Federated Learning Solutions market Data And Industry Growth Analysis
Federated Learning Solutions Market size is expected to grow from US $ 83.14 MN in 2020 to US $ 227.36 MN by 2028, at a CAGR of 13.4%.

Latest published market study on Worldwide Federated Learning Solutions Market provides an overview of the current market dynamics in the Worldwide Federated Learning Solutions, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2028. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities.

The recent research publication on Worldwide Federated Learning Solutions market provides insights about evolution of the competitive environment, the lifecycle stage and opportunities. The survey with Worldwide Federated Learning Solutions investors & stakeholders in this sector, from APAC, EMEA and the Americas, reveals information such as large-scale projects with regulatory environments by country, Subsidies, tax incentives and direct investment. Along with this activity comes a stream of Worldwide Federated Learning Solutions M&A activity and growth, as producers strive to stay ahead of the curve.

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The market report “Federated Learning Solutions Market by Applications (Data privacy and Security Management, Drug Discovery, Industrial Internet of Things (IIoT), Online Visual Object Detection, Risk Management, Shopping Experience Personalization and Other Applications), End Users (Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Healthcare and Life Sciences, Manufacturing, Retail and E-Commerce and Other End Users), and Region – Forecast to 2028”. The federated learning solutions market is growing at a CAGR of 13.4% by 2028, owing to the growing need to increase learning between devices & organizations.

Based on application the industrial internet of things (IIoT) segment is estimated to grow at highest CAGR segment during the study period.On the basis of application the market is categorised into data privacy & security management, drug discovery, industrial internet of things (iiot), online visual object detection, risk management, shopping experience personalization and other applications. The Industrial Internet of Things (IIoT) is projected to be the fastest-growing market segment. Integrating federated learning solutions in IIoT confirms that no local complex data interchange, as the spreading of learning models over the edge devices has become more usual with federated learning. Hence, only the encrypted notifications and parameters are interconnected to the central server. Therefore, these entire factors propel the market segment growth.

Browse the complete report with 132 data tables and 22+ figures here: https://www.strategymrc.com/report/federated-learning-solutions-market/toc

By geography, Asia Pacific is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific holds a dominant position in the federated learning solutions market. This is mainly attributed to the increase in the acceptance of developing technologies, such as, IoT, AI, and big data analytics on-going expansions to introduce data regulations, as well as focus on hyper-personalization and contextual recommendation in support of budding e-Commerce markets in key countries such as China, India, and Japan, are expected to drive the growth of federated learning solutions in the region.

The key players in this market are Cloudera, Consilient, DataFleets, Decentralized Machine Learning, Edge Delta, Enveil, Extreme Vision, Google, IBM, Intellegens, Lifebit, Microsoft, NVIDIA, Owkin and Secure AI Labs company.

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