SHARE
Federated Learning Solutions Market

Federated Learning Solutions Market Forecasts to 2028 – Global Analysis By Application (IIoT, Risk Management), End User (BFSI, Healthcare & Life Sciences, Manufacturing, Retail and E-Commerce) and By Geography

4.8 (27 reviews)
Published: July 2021 ID: SMRC20778
4.8 (27 reviews)
Published: July 2021 ID: SMRC20778

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Federated Learning Solutions Market is accounted for $83.14 million in 2020 and is expected to reach $227.36 million by 2028 growing at a CAGR of 13.4% during the forecast period. The ability to ensure better data privacy, security by training algorithms on decentralized devices and the growing need to increase learning between devices & organizations are driving the market growth. However, a lack of skilled technical expertise is hampering the growth of the market.

Federated Learning is a machine learning setting where the objective is to train a high-quality unified model with training data distributed over a large number of clients each with unreliable and relatively slow network connections. Federated learning (also known as collaborative learning) is a machine learning technique that trains an algorithm across multiple decentralized edge devices or servers holding local data samples, without switching them.

Based on the end-user, the manufacturing segment is going to have lucrative growth during the forecast period. Smart manufacturing technologies are extensively accepted by manufacturers to advance the proficiency and efficiency of the industrial process while guaranteeing a high level of safety. In today’s competitive environment growing focus on IIoT with advances in artificial intelligence and machine learning manufacturers can access big data and use learning algorithms to analyze the data. But, the privacy of sensitive data for industries and manufacturing companies is a significant factor. Federated learning algorithms can be useful to these problems as they do not access or reveal any sensitive data. 

By geography, Europe is going to have high growth during the forecast period. The market growth is accredited to the growing acceptance of technologies and the existence of a large number of federal learning solution vendors in the region. Other factors like stringent data regulations and rising demand for data privacy are predictable to increase the market in Europe.

Some of the key players profiled in the Federated Learning Solutions Market include Cloudera, Consilient, DataFleets, Decentralized Machine Learning, Edge Delta, Enveil, Extreme Vision, Google, IBM, Intellegens, Lifebit, Microsoft, NVIDIA, Owkin and  Secure AI Labs company.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 83.14 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

13.4%

Predicted 2028 Value:

USD 227.36 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

132

Chapters Covered:

Application, End User and Region

Core Drivers and Opportunities:

  • Ensure better data privacy
  • Growing need to increase learning between devices & organizations
  • Ability to aid predictive features on smart devices

Restraining Factors & Market Threats:

  • Lack of skilled technical expertise


Applications Covered:
• Data privacy and Security Management
• Drug Discovery
• Industrial Internet of Things (IIoT)
• Online Visual Object Detection
• Risk Management
• Shopping Experience Personalization
• Other Applications

End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Healthcare and Life Sciences
• Manufacturing
• Retail and E-Commerce
• Other End Users   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Federated Learning Solutions Market is majorly driven by the ability to ensure better data privacy and security by training algorithms on decentralized devices.

The manufacturing segment is growing at a highest CAGR owing to smart manufacturing technologies are extensively accepted by manufacturers to advance the proficiency and efficiency of the industrial process while guaranteeing a high level of safety.

North America dominated with a significant market share due to the factors such as stringent data regulations and high focus on data privacy, focus on innovation through research, expected to propel the growth across the region.

Europe market is growing at a highest CAGR owing to the growing acceptance of technologies and the existence of a large number of federal learning solution vendors in the region.

Key players in Federated Learning Solutions Market include Cloudera, Consilient, DataFleets, Decentralized Machine Learning, Edge Delta, Enveil, Extreme Vision, Google, IBM, Intellegens, Lifebit, Microsoft, NVIDIA, Owkinand Secure AI Labs Company.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials