DUBLIN, April 22, 2021 /PRNewswire/ -- The "Global Federated Learning Solutions Market by Application (Drug Discovery, Industrial IoT), Vertical (Healthcare & Life Sciences, BFSI, Manufacturing, Retail & e-Commerce, Energy & Utilities), and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global federated learning solutions market size is projected 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 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.
Among verticals, the manufacturing segment is forecast to grow at a the highest CAGR during the forecast period
The federated learning solutions market is segmented on verticals into BFSI, healthcare and life sciences, retail and e-Commerce, energy and utilities, and manufacturing, and other verticals (telecommunications and IT, media and entertainment, and government). 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.
Among regions, Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period
The federated learning solutions market in APAC is projected to grow at the highest 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 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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary3.1 Forecast 2023-2028 (Optimistic/As-Is/Pessimistic)3.2 Summary of Key Findings
4 Market Overview and Industry Trends4.1 Introduction4.2 Federated Learning: Types4.3 Federated Learning: Evolution4.4 Federated Learning: Architecture4.5 Artificial Intelligence: Ecosystem4.6 Research Projects: Federated Learning4.6.1 Machine Learning Ledger Orchestration for Drug Discovery (MELLODDY)126.96.36.199 Participants4.6.2 FEDAI4.6.3 PaddlePaddle4.6.4 FeatureCloud4.6.5 Musketeer Project4.7 Market Dynamics4.7.1 Drivers188.8.131.52 Growing Need to Increase Learning Between Devices and Organization184.108.40.206 Ability to Ensure Better Data Privacy and Security by Training Algorithms on Decentralized Devices4.7.2 Restraints220.127.116.11 Lack of Skilled Technical Expertise4.7.3 Opportunities18.104.22.168 Potential to Enable Companies to Leverage a Shared Ml Model Collaboratively by Keeping Data on Devices22.214.171.124 Capability to Enable Predictive Features on Smart Devices Without Impacting User Experience and Leaking 4.7.4 Challenges126.96.36.199 Issues of High Latency and Communication Inefficiency188.8.131.52 System Heterogeneity and Issue in Interoperability184.108.40.206 Indirect Information Leakage4.8 Impact of Drivers, Restraints, Opportunities, and Challenges on the Federated Learning Solutions Market4.9 Use Case Analysis4.9.1 WeBank and a Car Rental Service Provider Enable Insurance Industry to Reduce Data Traffic Violations Through Federated Learning4.9.2 Federated Learning Enable Healthcare Companies to Encrypt and Protect Patient Data4.9.3 WeBank and Extreme Vision Introduced Online Visual Object Detection Platform Powered by Federated Learning to Store Data in Cloud4.9.4 WeBank Introduced Federated Learning Model for Anti-Money Laundering4.9.5 Intellegens Solution Adoption May Help Clinicals Analyze Heart Rate Data4.10 Patent Analysis4.10.1 Methodology4.10.2 Document Type4.10.3 Innovation and Patent Applications220.127.116.11 Top Applicants4.11 Supply Chain Analysis4.12 Technology Analysis4.12.1 Federated Learning vs Distributed Machine Learning4.12.2 Federated Learning vs Edge Computing4.12.3 Federated Learning vs Federated Database Systems4.12.4 Federated Learning vs Swarm Learning
5 Federated Learning Solutions Market, by Application5.1 Introduction5.2 Drug Discovery5.2.1 Ability to Accelerate Drug Discovery by Enabling Increased Collaborations for Faster Treatment to Drive the Adoption of Federated Learning Solutions5.3 Shopping Experience Personalization5.3.1 Growing Focus on Enabling Personalized Shopping Experience while Ensuring Customer Data Privacy and Network Traffic Reduction to Drive the Adoption of Federated Learning Solutions5.4 Data Privacy and Security Management5.4.1 Federated Learning Solutions Enable Better Data Privacy and Security Management by Limiting the Need to Move Data Across Networks by Training Algorithm5.5 Risk Management5.5.1 Ability to Enable BFSI Organizations to Collaborate and Learn a Shared Prediction Model Without Sharing Data and Perform Efficient Credit Risk Assessment to Drive the Adoption of Federated Learning Solutions5.6 Industrial Internet of Things5.6.1 Federated Learning Solutions Enable Predictive Maintenance on Edge Devices Without Centralizing Data and Increase Operational Efficiency5.7 Online Visual Object Detection5.7.1 Ability to Enable Safety Monitoring by Enhanced Online Visual Object Detection for Smart City Applications to Drive the Adoption of Federated Learning Solutions5.8 Other Applications
6 Federated Learning Solutions Market, by Vertical6.1 Introduction6.2 Banking, Financial Services, and Insurance6.2.1 Ability to Reduce Malicious Activities and Protect Customer Data to Drive the Adoption of Federated Learning Solutions in the BFSI Vertical6.2.2 Banking, Financial Services, and Insurance: Forecast 2023-2028 (Optimistic/As-Is/Pessimistic)6.3 Healthcare and Life Sciences6.3.1 Large Pool of Applications, Multiple Research Initiatives, and Collaborations Among Technology Vendors and Healthcare and Life Sciences Organizations to Drive Market Growth6.3.2 Healthcare and Life Sciences: Forecast 2023-2028 (Optimistic/As-Is/Pessimistic)6.4 Retail and e-Commerce6.4.1 Ability to Enable Personalized Customer Experiences while Ensuring Customer Data Privacy to Drive the Adoption of Federated Learning in the Retail and e-Commerce Vertical6.4.2 Retail and e-Commerce: Forecast 2023-2028 (Optimistic/As-Is/Pessimistic)6.5 Manufacturing6.5.1 Focus on Smart Manufacturing and Need for Enhanced Operational Intelligence to Drive the Adoption of Federated Learning Across the Manufacturing Vertical6.5.2 Manufacturing: Forecast 2023-2028 (Optimistic/As-Is/Pessimistic)6.6 Energy and Utilities6.6.1 Need to Control Cyberattacks and Improve Power Grid Resilience to Drive the Adoption of Federated Learning in the Energy and Utilities Vertical6.6.2 Energy and Utilities: Forecast 2023-2028(Optimistic/As-Is/Pessimistic)6.7 Other Verticals
7 Federated Learning Solutions Market, by Region7.1 Introduction7.2 North America7.3 Europe7.4 Asia-Pacific7.5 Rest of World
8 Company Profiles8.1 Introduction8.2 NVIDIA8.3 Cloudera8.4 IBM8.5 Microsoft8.6 Google8.7 Owkin8.8 Intellegens8.9 DataFleets8.10 Edge Delta8.11 Enveil8.12 Lifebit8.13 Secure AI Labs8.14 Sherpa.ai8.15 Decentralized Machine Learning8.16 Consilient8.17 Competitive Benchmarking
9 Adjacent and Related Markets9.1 Introduction9.2 Machine Learning Market - Global Forecast to 20229.2.1 Market Definition9.2.2 Market Overview18.104.22.168 Machine Learning Market, by Vertical22.214.171.124 Machine Learning Market, by Deployment Mode126.96.36.199 Machine Learning Market, by Organization Size188.8.131.52 Machine Learning Market, by Service184.108.40.206 Machine Learning Market, by Region9.3 Edge AI Software Market - Global Forecast to 20269.3.1 Market Definition9.3.2 Market Overview220.127.116.11 Edge AI Software Market, by Component18.104.22.168 Edge AI Software Market, by Data Source22.214.171.124 Edge AI Software Market, by Application126.96.36.199 Edge AI Software Market, by Vertical188.8.131.52 Edge AI Software Market, by Region
10 Appendix10.1 Industry Experts10.2 Discussion Guide10.3 Knowledge Store: The Subscription Portal10.4 Available Customizations
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