CHICAGO, April 7, 2021 /PRNewswire/ — According to a research report, the “Federated Learning Solutions Market by Application (Drug Discovery, Industrial IoT), Vertical (Healthcare and Life Sciences, BFSI, Manufacturing, Retail and eCommerce, Energy and Utilities), and Region – Global Forecast to 2028″, published by MarketsandMarkets™, as per as-is scenario, the global federated learning solutions market 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.
Browse in-depth TOC on “Federated Learning Solutions Market“
57 – Tables
33 – Figures
145 – Pages
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As per AS-IS scenario, among verticals, the manufacturing segment to grow at the highest CAGR during the forecast period
The Federated Learning Solutions Market is segmented on verticals into BFSI, healthcare and life sciences, retail and eCommerce, energy and utilities, and manufacturing, and other verticals (telecommunications and IT, media and entertainment,…
