Creatio and BigML Innovations Spotlight Rising Momentum in U.S. AutoML Sector

According to the latest market research study published by P&S Intelligence, the U.S. automated machine learning (AutoML) market is witnessing a substantial surge, with its size climbing from USD 428.6 million in 2024 to an anticipated USD 535.8 million in 2025. Forecasts project a robust compound annual growth rate (CAGR) of 26% between 2025 and 2032, ultimately reaching an impressive USD 2.70 billion by 2032. This expansion is being fueled by the rising integration of AutoML across industries that seek to enhance operational efficiency, derive actionable insights from complex data, and foster intelligent automation. Notably, the widespread embrace of no-code and low-code platforms is revolutionizing user accessibility, empowering even non-technical professionals to leverage machine learning models independently. Platforms like BigML and Creatio are leading this transformation, offering intuitive interfaces and scalable solutions that meet the demands of both enterprises and SMEs.

The market is also experiencing a significant shift toward cloud-based deployment, which enables faster implementation, lower infrastructure costs, and greater scalability. As cloud-native solutions dominate the landscape, businesses are increasingly drawn to AutoML’s ability to generate insights with minimal human intervention, thereby driving smarter, faster decisions. With strong investments in technology and rising awareness of AI benefits, the AutoML market in the U.S. is primed for exponential growth.

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Key Insights

• Cloud deployment leads the U.S. AutoML market, accounting for nearly 80% of revenue in 2024. Its dominance is attributed to benefits like cost efficiency, simplified updates, and flexible access to resources, making it a preferred choice for companies of all sizes.
• Sales and marketing management holds the largest application share, with nearly 60% of usage in 2024. Companies are leveraging AutoML for customer behavior analysis, personalized marketing campaigns, and improved lead conversion rates.
• The rise of no-code and low-code AutoML platforms is reshaping the development landscape. These tools represent over 70% of software development by democratizing model creation and empowering non-developers to participate in AI initiatives.
• Western U.S. leads the market in terms of revenue generation, driven by the strong presence of tech-forward industries and innovation hubs. Meanwhile, the Northeastern region is expected to witness the fastest growth rate during the forecast period due to increased investment in AI infrastructure and digital transformation initiatives.
• The SME segment is rapidly catching up, as affordable and user-friendly AutoML platforms reduce barriers to entry. SMEs are increasingly adopting AI to streamline operations, enhance customer engagement, and gain competitive advantages.
• Technological advancements are accelerating market dynamics. For instance, BigML introduced its Association Discovery feature in December 2024, enhancing its platform's capabilities in uncovering hidden data relationships.
• Creatio’s successful $200 million funding round in June 2024 highlights growing investor confidence in no-code automation platforms, further propelling AutoML adoption across new industry verticals.
• The AutoML market’s growth trajectory is supported by heightened focus on AI-driven decision-making, rising demand for automated data processing, and the strategic push by organizations to integrate intelligence across their digital ecosystems.
• Companies are prioritizing platforms that offer integration ease, automated preprocessing, and robust data visualization tools, which are essential for scaling AI initiatives across diverse departments.
• The overall ecosystem is maturing, with vendors focusing on enhancing platform interoperability, embedding explainability features, and supporting multi-cloud environments to address evolving business needs.

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Digital Innovation and Regulation Fuel Growth in U.S. Custody and Asset Services Market

According to the latest market research study published by P&S Intelligence, the U.S. custody, asset & securities services market is on a promising trajectory, with its value expected to soar from USD 35.5 billion in 2024 to an impressive USD 62.6 billion by 2032, growing at a CAGR of 7.5% over the forecast period. This robust expansion reflects a growing reliance on regulated custodial and asset management solutions across financial institutions and investment firms.

Increased regulatory oversight and the demand for secure, transparent, and efficient asset handling are key forces reshaping the industry. The market’s consolidation, particularly in the Northeast region, coupled with rapid digital transformation in the West, signals strong regional diversification and technological advancement that are setting the tone for the sector’s evolution.

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Key Insights

• The U.S. custody, asset & securities services market is forecast to rise from USD 37.8 billion in 2025 to USD 62.6 billion by 2032, demonstrating steady momentum and long-term investment appeal.
• The Northeast region continues to dominate the market in terms of revenue share, underpinned by the presence of major financial hubs and established institutions.
• The West region is registering the fastest growth rate, driven by tech-forward adoption of digital platforms and innovative custody solutions.
• Market consolidation is evident, with a few key players holding significant market control, reflecting high entry barriers and a strong preference for established, trustworthy service providers.
• Regulatory trends are pushing for deeper transparency, real-time auditing capabilities, and enhanced compliance, prompting firms to revamp legacy infrastructure.
• Technological advancements—such as automated custody operations, real-time transaction capabilities, and robust data reporting—are creating competitive differentiation.
• Financial service providers are integrating digital asset management tools to cater to evolving client demands and regulatory obligations.
• Major players are capitalizing on bundled offerings that combine custody, compliance, analytics, and real-time servicing, providing holistic value to institutional clients.
• The future of the market lies in its adaptability, with nearly USD 63 billion in potential by 2032, indicating ample space for innovation and strategic investment.

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Space Tourism Market: Soaring to New Heights with Unprecedented Growth by 2030

The space tourism market is on the verge of a revolutionary transformation, capturing the imagination of adventurers, investors, and innovators worldwide. What was once the realm of science fiction is rapidly becoming a commercial reality, with the industry generating USD 921.4 million in revenue in 2023. Forecasts indicate an extraordinary compound annual growth rate (CAGR) of 45% from 2024 to 2030, propelling the market to an estimated USD 12,355.7 million by the decade’s end.

The Forces Fueling Space Tourism’s Meteoric Rise

Several key factors are driving this explosive market growth:

• Technological Advancements: The development of reusable rockets, advanced propulsion systems, and safer spacecraft has drastically reduced the cost and increased the feasibility of commercial space travel. Companies like SpaceX, Blue Origin, and Virgin Galactic are pioneering new frontiers, making suborbital and orbital flights more accessible than ever.
• Growing Consumer Demand: There’s a rising appetite among high-net-worth individuals for unique, once-in-a-lifetime experiences. The allure of weightlessness, the view of Earth from space, and the prestige of being among the first civilian space travelers are powerful motivators.
• Private Sector Investment: Billionaire entrepreneurs and private space companies are pouring capital into infrastructure, R&D, and marketing, accelerating the pace of innovation and expanding the industry’s reach.
• Government Support & Regulation: Supportive policies and regulatory frameworks are fostering a safer, more predictable environment for commercial spaceflight, encouraging further investment and consumer confidence.
• Educational and Economic Impact: The industry is not only creating jobs in aerospace, hospitality, and training but is also inspiring educational partnerships and STEM initiatives, broadening its societal impact.

Market Segmentation: Suborbital vs. Orbital

Suborbital flights currently dominate the market, offering a more affordable and accessible entry point for space tourists. These flights, which briefly cross the edge of space, provide a taste of weightlessness and stunning views of Earth. Orbital tourism, while significantly more expensive and technically challenging, is also gaining traction as technology advances and costs decrease.

Regional Trends and Global Expansion

North America leads the global space tourism market, with the United States at the forefront due to its robust private sector, government support, and advanced technological ecosystem. However, significant growth is also expected in Europe and Asia-Pacific, where governments and private enterprises are investing heavily in space exploration and tourism infrastructure.

Countries like China, Japan, and India are making major strides, with their respective space agencies and private companies entering the fray. The increasing disposable incomes in these regions are also expected to fuel demand for space travel among affluent consumers.

Challenges and the Road Ahead

Despite its promise, the space tourism industry faces several hurdles:

• High Costs: While prices are falling, space travel remains a luxury for the wealthy. Continued innovation is needed to make it accessible to a wider audience.
• Safety Concerns: Ensuring the safety of civilian passengers is paramount. Rigorous testing, training, and regulatory oversight are essential to building public trust.
• Environmental Impact: As launch frequencies increase, the industry must address concerns about emissions and space debris, investing in greener technologies and sustainable practices.

The Future of Space Tourism

With rapid advancements in technology, growing investment, and increasing public interest, the next decade promises to be transformative for space tourism. As costs continue to decline and safety improves, what is now an exclusive adventure could soon become a more mainstream travel option. The sector’s ripple effects will be felt across industries, from aerospace and hospitality to education and research.

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Automotive Pinion Gear Market: Growth, Trends, and Opportunities to 2030

The global automotive pinion gear market is on a steady growth trajectory, reflecting the ongoing evolution of the automotive industry and the critical role pinion gears play in vehicle performance. Valued at approximately USD thirteen point four billion in the base year, the market is projected to reach USD seventeen point six billion by the end of the forecast period, advancing at a compound annual growth rate over the forecast period.

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Understanding the Role of Pinion Gears in Automotive Applications

Pinion gears are essential components in automotive powertrain systems, facilitating the transfer of power from the driveshaft to the wheels. Their precision engineering ensures efficient performance, smooth driving experiences, and optimal power delivery. As modern vehicles demand higher efficiency and performance, the importance of high-quality pinion gears continues to rise.

Key Market Drivers

Several factors are fueling the expansion of the automotive pinion gear market:

• Technological Advancements: Continuous improvements in gear design and manufacturing processes have enhanced durability, efficiency, and noise reduction. Advanced materials and precision engineering are helping manufacturers meet the stringent requirements of modern vehicles.
• Shift Toward Electric Vehicles: The global push for electrification is creating new opportunities for pinion gear manufacturers. Electric vehicles require specialized gear systems to manage different torque and power delivery needs, driving innovation in pinion gear design and materials.
• Rising Vehicle Production: Rapid urbanization, increasing disposable incomes, and growing demand for passenger and commercial vehicles—especially in Asia Pacific—are boosting the need for automotive pinion gears. Asia Pacific remains the largest regional market, led by China and other manufacturing hubs.
• Focus on Fuel Efficiency: Automakers are under pressure to improve fuel economy and reduce emissions. High-performance pinion gears contribute to more efficient power transmission, supporting these goals.

Market Challenges

Despite the positive outlook, the automotive pinion gear market faces several challenges:

• Intense Competition: The market is highly competitive, with numerous global and regional players vying for market share. This often leads to price wars and margin pressures, compelling companies to balance cost control with product quality.
• Supply Chain Disruptions: Events such as the pandemic have exposed vulnerabilities in global supply chains, affecting the availability of raw materials and components. Manufacturers must remain agile to navigate these uncertainties.
• Rapid Technological Changes: Keeping pace with emerging technologies and integrating them into existing vehicle platforms can be challenging, requiring sustained investment in research and development.

Regional Insights

Asia Pacific dominates the global automotive pinion gear market, thanks to its large vehicle manufacturing base, robust supply chains, and increasing urbanization. The region is expected to maintain its lead throughout the forecast period, supported by rising vehicle production and technological advancements in countries like China, Japan, and India.

Competitive Landscape

The market features a mix of established players and new entrants, all striving to innovate and expand their product portfolios. Key companies include GKN PLC, Robert Bosch GmbH, SHOWA Corporation, ZF TRW Automotive Holdings, IMS Gear SE & Co., and Bharat Gears Ltd., among others. These companies are investing in advanced manufacturing technologies, strategic collaborations, and regional expansions to strengthen their market positions.

Future Outlook

Looking ahead, the automotive pinion gear market is set for sustained growth, driven by the ongoing transformation of the automotive industry. The shift toward electric and hybrid vehicles, coupled with advancements in gear technology, will create new opportunities for manufacturers. Companies that prioritize innovation, quality, and supply chain resilience will be best positioned to capitalize on emerging trends.

 

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AI and Mobile Wallets Reshape U.S. Credit Card Market, Poised for Strong Growth

In 2024, the U.S. credit card market reached an estimated USD 190 billion, reflecting strong consumer spending and expanding access to credit. The market is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2025 through 2032, reaching approximately USD 388.4 billion by 2032.

Key growth drivers include rising consumer expenditures, rapid adoption of innovative payment technologies, increasingly popular rewards programs, growing demand for credit services, enhanced credit risk management, and the proliferation of fintech and digital banking solutions. Regulatory initiatives aimed at improving credit accessibility and safeguarding consumer data, together with advancements in AI-powered fraud detection and contactless payments, are reshaping the competitive landscape and enabling both established banks and newer fintech entrants to expand market share

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Key Insights

Market segmentation

·         The total market size in 2024 was USD 190 billion, with projections to nearly double to USD 388.4 billion by 2032.

·         A steady CAGR of 9.5% is forecast for 2025–2032.

Regional and geographical trends

• The Southern U.S. remains the largest region by credit card volume.
• The Western U.S., driven by high-tech adoption and affluent consumers, emerges as the fastest-growing region, contributing disproportionately to the nearly 9.5% national CAGR.

Technological advancements shaping the market
• The rise of contactless payments, integration with mobile wallets, and deployment of AI-powered fraud detection are key competitive differentiators.
• Fintech and digital banks are increasing their share through open banking, efficient API-based platforms, and co-branded reward programs tied to lifestyle brands.

Competitive dynamics & major players
• The market features strong concentration around issuers such as JPMorgan Chase, American Express, Citibank, Bank of America, Capital One, Barclays, and USAA.
• Notable strategic tie-ups:
– JPMorgan Chase initiated discussions in 2024 to serve as Apple’s credit card issuer.
– Barclays partnered with GM in late 2024 to launch GM Rewards Mastercards by mid-2025.

Emerging opportunities
• Expansion of rewards programs and offers continues to fuel growth in spending and card adoption.
• Demand for improved credit risk management fuels investment in analytics and AI.
• The synergy of fintech and traditional banking through co-branded partnerships like GM–Barclays models opens new customer acquisition channels.

Market outlook
• With credit card spending forecast to nearly double by 2032, continued expansion in technology, reward innovation, and strategic issuer alliances will be pivotal.
• The South will maintain the largest volume share, while the West will drive the fastest growth.
• The competitive environment will intensify, with banks and fintechs battling over customers via digital experience, personalized offers, and loyalty innovations.

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Cloud and AI Integration Fuel Explosive Growth in U.S. Call Center Market

According to the latest market research study published by P&S Intelligence, the U.S. call center AI market was valued at USD 720.2 million in 2024 and is projected to surge to USD 3,522.7 million by 2032, reflecting a robust CAGR of 22.1% from 2025 to 2032. 

This growth is driven by an escalating demand for omnichannel customer support, where AI-enabled systems integrate voice, chat, email, and social media platforms to deliver a seamless, unified customer experience. Businesses across sectors are increasingly adopting AI to enhance operational efficiency, reducing human workload through chatbots, predictive routing, and real-time sentiment analysis. Meanwhile, continuous investment in AI and machine learning advancements is empowering call centers to provide faster resolution times and more personalized interactions.

Government regulations related to data privacy and security compliance, along with rapid technological evolution in cloud computing and NLP, are further accelerating adoption. Large enterprises, in particular, are leading the charge, leveraging sophisticated AI solutions to differentiate their service levels, while SMEs are embracing affordable cloud-based implementations.

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Key Insights

• The Solutions segment claimed approximately 65% market share in 2024, driven by growing demand for core AI technologies—such as speech recognition, chatbots, and automation platforms.
• Large enterprises contributed 60% of the market in 2024, thanks to their substantial investment capabilities in secure and scalable AI systems.
• SMEs are forecasted to grow fastest—at a CAGR of 22.8%—leveraging cost-effective, cloud-delivered AI services as they scale up customer support capabilities.
• Cloud deployment led with 65% share in 2024 and is expected to exhibit the highest CAGR of 23.2%, offering rapid deployment, scalability, and reduced upfront costs.
• Among applications, workforce optimization represented the largest slice at 20% share in 2024, focusing on enhancing agent scheduling, performance, and utilization.
• The BFSI vertical, representing 30% share, stood out as the dominant end-use segment and is expected to continue growing at 22.5% CAGR, driven by financial institutions aiming to provide self-service support and reduce call handling costs.
• Regional distribution shows the Western U.S. leading with 40% market share in 2024, benefitting from Silicon Valley’s technology ecosystem and vendor presence.
• The Southern U.S. is projected to grow fastest at 23.5% CAGR, underpinned by surging investments from e-commerce, healthcare, and telecom industries.
• The call center AI market is highly fragmented, featuring prominent global players such as Microsoft, Oracle, AWS, Google, IBM, Genesys, Avaya, and Zendesk—alongside numerous niche and regional vendors.
• Omnichannel support continues to be a key trend, integrating voice, chat, social media, and messaging through unified platforms and enabling seamless customer journeys.
• Notable strategic moves include:
• March 2025: CallMiner launched its new Outreach suite, strengthening AI-driven customer experience offerings.
• February 2024: Wipro introduced an AI‑ready platform in collaboration with IBM, facilitating enterprise adoption.
• AI-driven personalization is advancing, with platforms now using prior interaction data, purchase history, and sentiment analysis to offer tailored support and proactive recommendations.
• Continuous support systems, powered by AI chatbots and virtual agents, support 24/7 service delivery—especially critical in sectors like online retail, banking, and global IT services.

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Fintech Revolution in the U.S.: Market Set to Triple by 2032 Amid Tech-Driven Disruption

According to the latest market research study published by P&S Intelligence, the U.S. fintech market reached USD 85.7 billion in 2024 and is projected to grow at a 15.1% CAGR from 2025 to 2032, reaching USD 261.2 billion by 2032. This strong expansion is fueled by several key factors: surging consumer demand for digital financial services via smartphones and high-speed internet; rapid adoption of embedded finance—such as instant shop‑checkout financing and integrated ride‑hailing payments; and evolving regulatory and technological environments. Fintech firms are capitalizing on these trends through advanced tools like AI/ML‑driven fraud detection, blockchain, big data analytics, and compliance-focused solutions to meet the sophisticated needs of both consumers and traditional financial institutions.

Fragmentation in the market persisted, with traditional banks, neobanks, digital wallets, insurtech platforms, and regulatory-technology (regtech) firms competing for market share under supportive capital and policy conditions.

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Key Insights

• In 2024, B2C fintech dominated with a 55% market share, driven by retail payments, neobanks, and robo‑advisors benefiting from smartphone proliferation and consumer preference for seamless digital experiences.
• The B2B model is forecasted to register the highest CAGR thanks to increasing demand from SMEs for digital solutions in payments, lending, payroll, and expenses.
• By service type, payments and transfers made up 70% of market value in 2024, reflecting consumers’ preference for fast, secure transactions and massive adoption of digital wallets and P2P platforms like Zelle, Venmo, and Cash App.
• Meanwhile, banking and neobanks segment is expected to grow the fastest, driven by challenger banks such as Chime, Varo, and Current targeting tech-dependent millennials with low fees and high UX.
• In terms of technology, AI & ML contributed to 75% of market share in 2024, and continue to lead growth via applications in fraud detection, personalized finance, risk modeling, and chatbots.
• Blockchain and big data analytics are also gaining traction, enabling secure transactions, transparent ledgers, and deep consumer insights.
• The compliance & regulatory support segment held 60% market share in 2024, underscoring the importance of AML, BSA, GDPR, and CCPA adherence.
• The fraud monitoring category is expected to witness the highest growth, driven by rising digital transactions and demand for real‑time security using AI/behavioral analytics.
• Banks were the largest end users in 2024 with 65% share, embracing fintech to modernize operations, enhance user experience, and remain competitive against challenger banks.
• Insurance companies are the fastest-growing end-user group thanks to digital transformation needs, customized policy demands, faster claim processing, and AI-powered risk assessment.
• Regionally, the Northeast held a 40% share in 2024 thanks to established financial hubs like NYC, Boston, and Philadelphia.
• The South region is the fastest-growing, spurred by rapid population and business growth in Texas, Florida, and Georgia, presence of fintech hubs in Austin, Miami, and Atlanta, and opportunities in underserved markets.
• The U.S. market remains highly fragmented, opening opportunities for both niche startups and established players leveraging cloud and open‑source tech.
• Notable companies include Plaid, Chime, Brex, Stripe, Marqeta, Upstart, Toast, SoFi, Avant, Hippo, Next Insurance, Lemonade, highlighting the competitive and diverse nature of the space.

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