Federated Learning Solutions: Introduction

  • Implementation and adoption of artificial intelligence and machine learning technology in all verticals changes the overall shape of the market. Federated learning solutions is a new machine learning technique which can be used to train an artificial intelligence model.
  • Federated learning solutions are used to solve the problem of building a machine learning model that utilizes datasets distributed cross-platform.
  • Some of the key sectors which are adopting federated learning solutions include BFSI, retail and e-commerce, healthcare and life sciences, manufacturing, and energy & utilities.
  • The global federated learning solutions market is projected to expand at a rapid pace during the forecast period, due to advancement in technologies and adoption of artificial intelligence across the globe.
federated learning solutions market size and forecast

Global Federated Learning Solutions Market: Dynamics

Global Federated Learning Solutions Market: Key Drivers

  • Growing need to increase learning between devices and organizations is estimated to boost the federated learning solutions market during the forecast period.
  • Rising need to ensure better data security and privacy by training algorithms on decentralized devices is projected to fuel the market during the forecast period.
  • Growing need to adapt data in real-time to optimize conversions automatically is projected to fuel the market in the forthcoming years.
  • Federated learning solutions help corporations to leverage a shared machine learning model collaboratively by keeping data on devices. This is estimated to boost the federated learning solutions market during the forecast period.
  • Rise in need to enable predictive features on smart devices without leaking private information and impacting user experience is likely to propel the market in the next few years.
  • However, lack of skilled technical expertise, interoperability issues, and system heterogeneity is anticipated to hinder the federated learning solutions market during the forecast period
federated learning solutions market dynamics

Impact of COVID-19 on the Global Federated Learning Solutions Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown and millions of employees are working from home for the first time, during this pandemic. The artificial intelligence or machine learning model has been applied to predict and analyse the growth of potential threats in countries across the world. Artificial intelligence plays a pivotal role in understanding the prediction of future reachability of COVID-19 across nations by utilizing real-time information. This is expected to continue during the forecast period. Hence, COVID-19 has a positive impact on the federated learning solutions market.
  • For instance, in May 2020, OWKIN, INC. introduced COVID-19 Open AI Consortium (COAI). The COAI will enable advanced collaborative research and boost the clinical development of effective treatments for patients who are infected with COVID-19. For this, the company has used federated learning solutions to help healthcare organizations understand why drug efficacy differs from patient-to-patient, recognize the best drug for the right patient at the right time, enhance the drug development process, and improve treatment outcomes. This is projected to indirectly propel the global federated learning solutions market in the next few years.

North America to Hold Major Share of the Global Federated Learning Solutions Market

  • In terms of region, the global federated learning solutions market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global federated learning solutions market with the largest share mainly because of the presence of developed economies, such as the United States and Canada. The U.S. is a key market in the region due to the early adoption and implementation of federated learning solutions. Europe is also estimated to account for a notable market share due to stringent data regulations and focus on innovation through research, high focus on data privacy, and rapid technology infrastructure advancements among end-users.
  • The federated learning solutions market in Asia Pacific is projected to expand at a rapid pace during the forecast period. The growing adoption of emerging technologies, such as Big Data analytics, artificial intelligence, machine learning, and IoT is projected to create lucrative opportunities for the federated learning solutions market in the near future.
federated learning solutions market outlook by region

Global Federated Learning Solutions Market: Competition Landscape

Several local, regional, and global players are active in the federated learning solutions market with a strong presence. Rapid technological advancements have created significant opportunities in the market.

Key Players Operating in the Global Federated Learning Solutions Market Include:

  • Nvidia Corporation
  • Cloudera, Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Google LLC
  • Intellegens Limited
  • DataFleets Ltd.
  • Edge Delta, Inc.
  • Enveil, Inc.
  • Machine Learning Pte. Ltd.
  • Secure AI Labs
  • Lifebit Biotech Limited

Global Federated Learning Solutions Market: Research Scope

Federated Learning Solutions Market, by Application

  • Drug Discovery
  • Shopping Experience Personalization
  • Data Privacy and Security Management
  • Risk Management
  • Industrial Internet of Things
  • Online Visual Object Detection
  • Others

Global Federated Learning Solutions Market, by Industry

  • BFSI
  • Healthcare
  • Retail & E-commerce
  • Media & Entertainment
  • Manufacturing
  • Energy & Utilities
  • Others

Global Federated Learning Solutions Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Federated Learning Solutions Market