Global Self-supervised Learning Market Size, Share, and COVID-19 Impact Analysis By Technology (Natural Language Processing(NLP), Computer Vision, Speech Processing), By End User (Healthcare, BFSI, Automotive & Transportation, Software development (IT), Media & Advertising, and Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030
Industry: Information & TechnologyGlobal Self-supervised Learning Market Insights Forecasts to 2030
- The global Self-supervised Learning market was valued at USD 7.8 billion in 2021.
- The market is growing at a CAGR of 32.9% from 2021 to 2030
- The global Self-supervised Learning market is expected to reach USD 100.8 billion by 2030
- The Asia Pacific is expected to grow the fastest during the forecast period
The Global Self-supervised Learning Market is expected to reach USD 100.8 billion by 2030, at a CAGR of 32.9% during the forecast period 2021 to 2030. The demand for self-supervised learning applications among sectors is being driven by factors including the expanding uses of technologies like voice recognition and facial detection and the growing desire to streamline workflow across industries.
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Market Overview
Self-supervised learning is a machine learning technique that is frequently used in applications for natural language processing (NLP), computer vision, and speech recognition. Speech recognition, colorization, and paraphrasing are used for self-supervised learning. The demand for self-supervised learning applications among sectors is being driven by factors including the expanding uses of technologies like voice recognition and facial detection and the growing desire to streamline workflow across industries. Additionally, the industry is projected to expand due to the growing digitalization of society. According to IBM's global AI adoption index 2022 research, 34% of respondents thought that a dearth of AI expertise prevented firms from adopting AI. Self-supervised learning is in a stage of growth that calls for skilled staff. Therefore, a dearth of competent labor will likely impede the expansion of the self-supervised learning sector. Companies like Apple Inc. and Microsoft, based in the United States, invest more money in R&D projects. Additionally, these businesses are investigating cutting-edge technologies like AI and ML. Self-supervised learning is being studied and experimented with by market participants like the American company Meta, creating major growth potential for the industry. The growing applications of technologies such as voice recognition and face detection are driving the growth of the market, coupled with increasing demand to streamline workflow across industries propelling the market’s growth. However, the lack of skilled workforce restraints the market’s growth over the forecast period. Increasing R&D activities in technology companies globally provide growth opportunities for the market’s growth over the forecast period.
Report Coverage
This research report categorizes the market for global Self-supervised Learning based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global Self-supervised Learning market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global Self-supervised Learning market sub-segments.
Global Self-supervised Learning Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | USD 7.8 Billion |
Forecast Period: | 2021-2030 |
Forecast Period CAGR 2021-2030 : | 32.9% |
2030 Value Projection: | USD 100.8 Billion |
No. of Pages: | 198 |
Tables, Charts & Figures: | 108 |
Segments covered: | By Technology, By End User, By Region |
Companies covered:: | IBM, Alphabet Inc. (Google LLC), Microsoft, Amazon Web Services, Inc., SAS Institute Inc., Dataiku, The MathWorks, Inc., Meta, Databricks, DataRobot, Inc., Apple Inc., Tesla, Baidu, Inc. |
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Segmentation Analysis
- In 2021, the Natural Language Processing(NLP) segment dominated the market with the largest market share of 41.6% and market revenue of 3.2 billion.
Based on the technology, the global Self-supervised Learning market is categorized into Natural Language Processing(NLP), Computer Vision, and Speech Processing. In 2021, the Natural Language Processing(NLP) segment dominated the market with the largest market share of 41.6% and market revenue of 3.2 billion. The growth of this segment can be attributed to the increasing adoption of Natural Language Processing(NLP) applications such as chatbots and text prediction across several industries. Moreover, regional and global market players provide Natural Language Processing(NLP) solutions. For instance, AI-based SmartChat is being provided by Mexico-based BlueMessaging company, which helps companies build chatbots for personal use.
- In 2021, the BFSI segment accounted for the largest share of the market, with 16.7% and market revenue of 1.30 billion.
Based on end-User, the Self-supervised Learning market is categorized into healthcare, BFSI, automotive & transportation, software development (IT), media & advertising, and others. In 2021, the BFSI segment accounted for the largest share of the market, with 16.7% and market revenue of 1.30 billion. The BFSI segment has been growing owing to the increasing growing adoption of Artificial Intelligence and machine learning technologies in the sector.
Regional Segment Analysis of the Self-supervised Learning Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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North America emerged as the largest market for the global Self-supervised Learning market, with a market share of around 31.7% and 2.47 billion of the market revenue in 2021.
- North America emerged as the largest market for the global Self-supervised Learning market, with a market share of around 31.7% and 2.47 billion of the market revenue in 2021. North America is expected to be the largest market for self-supervised learning. This is mostly due to the presence of prominent market players in the regions, such as U.S.-based Meta, Google, and Microsoft. Furthermore, the presence of specialists in self-supervised learning in the region also propels the growth of the market. Most of the countries in the North American region have developed technology infrastructure, which adds impetus to the growth of self-supervised learning in the region.
- The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2030, owing to the increasing demand for increasing government initiatives in Artificial Intelligence solutions in several countries of the Asia Pacific region. Furthermore, there is rapid growth in the technological sector in several countries of the Asia Pacific, such as India, China, Japan, etc., which propel the market’s growth in the region. In addition, the increasing awareness about the benefits of self-supervised learning among consumers in the region is expected to propel the market’s growth during the forecast period.
Competitive Landscape
The report offers the appropriate analysis of the key organizations/companies involved within the global Self-supervised Learning market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players:
- IBM
- Alphabet Inc. (Google LLC)
- Microsoft
- Amazon Web Services, Inc.
- SAS Institute Inc.
- Dataiku
- The MathWorks, Inc.
- Meta
- Databricks
- DataRobot, Inc.
- Apple Inc.
- Tesla
- Baidu, Inc.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Some of the Key Developments:
- In March 2022, an investment of USD 30.5 million was announced by the Australian government for establishing four Artificial Intelligence (AI) centers and digital capability centres. The government aims to drive the commercialization of Australia's AI research with this investment.
- In January 2022, Data2vec, a self-supervised learning system for text, vision, and speech, was unveiled by Meta AI in January 2022. The method fared better than earlier speech and computer vision techniques.
- In July 2021, Algorithmia Inc., a U.S.-based Machine Learning Operations (MLOps) software platform, was purchased by DataRobot, Inc. The platform, which was developed to meet the needs of IT operations specialists, enables businesses to handle the generation of complicated models in huge volumes in a safe and effective manner. With this acquisition, DataRobot, Inc. hopes to offer customers a platform for using any machine learning model.
- In February 2022, Neudesic, a U.S.-based cloud services consultancy, was purchased by IBM. IBM made a financial investment in IBM's hybrid cloud and AI strategy. Data analytics, data engineering, and deep Azure cloud experience are all added by Neudesic. With this acquisition, IBM wants to increase its cloud service expertise and capabilities to serve the client's needs better.
Market Segment
This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the global Self-supervised Learning market based on the below-mentioned segments:
Global Self-supervised Learning Market, By Technology
- Natural Language Processing(NLP)
- Computer Vision
- Speech Processing
Global Self-supervised Learning Market, By End-User
- Healthcare
- BFSI
- Automotive & Transportation
- Software development (IT)
- Media & Advertising
- Others
Global Self-supervised Learning Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
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What is the market size of the global Self-supervised Learning market?As per Spherical Insights, the size of the Self-supervised Learning market was valued at USD 11.7 Billion in 2021 to USD 100.8 Billion by 2030.
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What is the market growth rate of the global Self-supervised Learning market?The global Self-supervised Learning market is growing at a CAGR of 32.9% during the forecast period 2022-2030.
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Which region dominates the global Self-supervised Learning market?Asia Pacific emerged as the largest market for Self-supervised Learning.
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What is the significant driving factor for the Self-supervised Learning market?Growing applications of technologies such as voice recognition and face detection will influence the market's growth.
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Which factor is limiting the growth of the Self-supervised Learning market?A lack of a skilled workforce could hamper the market growth.
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What is an opportunity for the Self-supervised Learning market?Increasing R&D activities in technology companies will provide considerable opportunities to the market.
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Who are the key players in the global Self-supervised Learning market?Key players in the Self-supervised Learning market are IBM, Alphabet Inc. (Google LLC), Microsoft, Amazon Web Services, Inc., SAS Institute Inc., Dataiku, The MathWorks, Inc., Meta, Databricks, DataRobot, Inc., Apple Inc., Tesla, Baidu, Inc.
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