The global federated learning solutions market is anticipated to grow at a considerable CAGR of 10.5% during the forecast period (2024-2031). The global federated learning solutions market is expected to grow with rising innovation and product launches by various market players. For instance,
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- NVIDIA had launched the NVIDIA AI Enterprise in March 2021. It is an optimized framework and enterprise-grade AI tool that runs on VMware vSphere. It reduces the AI model development time from 80 weeks to just 8 weeks.
- Enveil had launched ZeroReveal 3.0 in February 2021. It had the capability of homomorphic encryption to reduce the risk while addressing business challenges including data sharing, collaboration, monetization, and regulatory compliance.
- Owkin had launched the COVID-19 Open AI Consortium (COAI) in May 2020. This had enabled the effective treatment of COVID-19 infected patients with advanced collaborative research and accelerated clinical development. Owkin had used federated learning for the development of COAI which had enabled the pharmaceutical companies to understand the variations of drug efficacy on different patients, which had enhanced the drug development process.
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Market Coverage
- Segment Covered-
o By Vertical
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Nvidia Corp., Cloudera, Inc., IBM Corp., Microsoft Corp., Google LLC, and OWKIN, INC.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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)
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