According to MarketsandMarkets, with AutoML growing at such a fast pace, its market is set to reach an impressive USD 6.4 billion by the year 2028, at a compound annual growth rate (CAGR) of 44.6%.
This growth reflects the increasing demand for tools that automate the complex and time-consuming aspects of machine learning (ML), making it more accessible to businesses, developers, and analysts across industries. But what exactly is AutoML, and why is it taking the world by storm? In this guide, we’ll dive into the fundamentals of AutoML, explore its real-world applications, and look at the techniques that are driving its rapid adoption.