The global federated learning solutions market is anticipated to grow at a significant CAGR of 10.5% during the forecast period. The rising penetration of mobile phones, wearable devices, and autonomous vehicles is generating new opportunities for the market by generating a wealth of data every day through modern distributed networks. The growing computational power with concerns related to transmitting private information is attracting local data storage and network computation on edge devices. Federated learning has such potential to provide a user experience without leaking private information. Several industries including BFSI, healthcare & life sciences, and retail & e-commerce collect gigantic amounts of data every day from consumer devices including mobile phones, tablets, and personal laptops. Federated learning provides a unique approach to build such personalized models without intruding on the privacy of users.
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The COVID-19 pandemic had created a severe public health impact globally. Lots of companies had adopted work from home strategies to follow social distancing norms implemented by governments. This has created a huge demand for software and systems through which employees of these companies can work from their homes as per the industry requirements. Thus, COVID-19 has accelerated the market growth of federated learning solutions. The market is expected to grow even after the COVID-19 situation normalizes due to the rising implementation of IoT, AI, and machine learning-related solutions.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Federated Learning Solutions Market Report Segment
By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare & Life Sciences
- Retail & e-Commerce
- Manufacturing
- Energy & Utilities
- Other Verticals (including Telecommunications and IT, Media and Entertainment, and Government)
By Application
- Drug Discovery
- Data Privacy & Security Management
- Risk Management
- Shopping Experience Personalization
- Industrial Internet of Things (IIoT)
- Online Visual Object Detection
- Other Applications (including Video Analytics, Corporate IT, Genomics, and Anomaly Detection)
Global Federated Learning Solutions Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global federated learning solutions market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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