©P&SIntelligence.Allrightsreserved 1 Automated Machine Learning Market Dynamics Tre nds, Segmentation, Key Players And Forecast A number of factors, such as the rising need for effective fraud detection solutions, surging demand for personalized product commendations, and growing importance of projecting lead scoring, are expected to drive the automated machine learning (AutoML) market in the foreseeable period (2020 – 2030). According to P&S Intelligence, the market generated reven ue of $346.2 million in 2020, which is expected to reach $14,830.8 million by 2030, growing at a CAGR of 45.6% in the coming years. Moreover, the market is witnessing a trend of rising fondness toward cloud - based AutoML platforms. One of the major factors boosting the demand for AutoML solutions is the rising need for effective fraud detection solutions. The prevention and detection of frauds are a massive challenge for all companies across the world. For example, according to the U.S. Government Accountab ility Office, payments that were completed in an inappropriate amount and not have been made (improper payment) totaled around $151 billion in 2018, as compared to $141 billion in 2017. Moreover, according to the Reserve Bank of India, over 6,800 incidence s of bank frauds were reported in 2018 – 2019, which cost around $10,079 million. Geographically, the North American AutoML market accounted for the largest share in 2020, and it is also expected to lead the global market during the forecast period. This is ascribed to the rising venture capital (VC) funding of AI organizations in research and development (R&D) activities to improve their offerings. For example, U.S. companies raised $99.5 billion in 2018 through VC funding for AI. Moreover, technological ad vancement, presence of key AutoML platform providers, developed IT infrastructure, and well - developed BFSI, healthcare, and IT & telecom industries are the key reasons for increasing the demand for AutoML solutions in the region. Thus, the surging need for effective fraud detection solutions and the rising demand for personalized product commendations across the globe are expected to propel the market growth during the forecast period. This study covers Historical and the present size of the Automated Machine Learning Market Major factors driving the market and their impact during the short, medium, and long terms Market restraints and their impact during the short, medium, and long terms Recent trends and evolving opportunities for the market participants Historical and the present size of the market segments and understand their comparative future potential Potential of on - demand logistics services , so the market players make informed decisions on the sales of their offerings Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders Major players operating in the market and their service offerings Recent strategic developments by the major players in the market ©P&SIntelligence.Allrightsreserved 3 Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of of ficials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of thei r owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical - based media, magnetic, electronic, or digital, without a written per mission from Prescient & Strategic Intelligence Pvt. Ltd. ©P&SIntelligence.Allrightsreserved 4 Kindly write to: enquiry@psmarketresearch.com B - 13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll - Free: 1 - 888 - 778 - 7886