About Federated Learning Solutions
Federated learning is a machine learning technique that allows an algorithm to be trained across a large number of dispersed edge devices as well as servers that store local data without having to swap data. Firms may improve their business models and make efficient use of AI in their industries, resulting in increased profitability. Furthermore, federated learning systems have the capacity to bring new predictive capabilities to smart equipment, allowing consumers to have a consistent experience while still protecting their personal information.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD N) |
The Consilient Federated Learning (FL) solution, which claims to be the first-ever FL solution for financial crime detection and prevention, enables banks and financial institutions to detect high-risk entities and behaviours by sharing insights across different data environments and organisations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Federated Learning Solutions market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NVIDIA (United States), IBM (United States), Cloudera (United States), Microsoft (United States), Owkin (US) (United States), Google (US) (United States), Intellegens (United Kingdom), DataFleets (United States), Enveil (United States), Edge Delta (United States) and Secure AI Labs (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Lifebit (United Kingdom), Consilient (United States) and Decentralized Machine Learning (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Federated Learning Solutions market by Type (Drug Discovery, Data privacy and Security Management, Risk Management, Shopping Experience Personalization, Industrial Internet of Things, Online Visual Object Detection and Other) and Region.
On the basis of geography, the market of Federated Learning Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Federated Learning Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Service will boost the Federated Learning Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in Technology of Protecting User’s Privacy by Decoupling of Data Provisioned at End -User Equipment and Machine Learning Model Aggregation
Market Growth Drivers:
Demand to Provide New Paradigm for Application Levering Data and Ensure better Data Security and Data Privacy by Training Algorithms on Decentralized Devices
Challenges:
No Security Guaranty and Possibility of Personal Leakage Information Will hamper the Federated Learning Solutions Market
Restraints:
Lack of Skilled Employees and IT Expert to Incorporate Machine Learning in their Business Process will constrain the Federated Learning Solutions Market
Opportunities:
Enables Predictive Features in Smart Phones without Demising the User Experience Will Propel the Federated Learning Solutions Market
Market Leaders and their expansionary development strategies
In September 2023, Owkin and Tribun Health announce a strategic partnership to advance the development and global deployment of Artificial Intelligence (AI) Diagnostic and Research solutions for pathology departments and pharma companies. The non-exclusive partnership will see the integration of Owkin’s groundbreaking AI diagnostics into Tribun Health’s ‘Best in KLAS’ software platform, CaloPix, expanding its portfolio of AI solutions.
In August 2023, Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimised for cost and efficiency, gives financial institutions
Key Target Audience
Federated Learning Solutions Providers, Federated Learning Solutions Distributors and Suppliers, Federated Learning Solutions International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.