Machine Learning Market Trends, Analysis by Regions, Type, Application, Market Drivers, Restraints, and Top Key Players like Google, Amazon Web Services, SAS Institute, IBM Corporation, Microsoft Corporation, Fair Isaac Corporation, Hewlett Packard Enterprise, SAP SE
According to the research report, the growing machine learning market is likely to boost the global market substantially over the forthcoming years. Apart from this, the increasing number of driving is projected to add to the growth of this market significantly in the near future. The worldwide market is analyzed on the basis of the various segments and the geographical reach of this market. How the market’s segments are propelling the market in the market scenario is mentioned in this report. The continual rising factors boosting the demand for machine learning market notes the research study.
The global machine learning market is expected to grow from US$ US$ 1582.9 Mn in 2017 to US$ 39986.7 Mn by 2025 at a CAGR of 49.7% between 2017 and 2025.
Machine learning is a branch of artificial intelligence that enables machine to develop the ability for self-learning and adaption through experience without being explicitly programmed. It is considered as a method of data analysis that automates analytical model building. Machine learning have been present from decades but not been widely used due to lack of big data it requires for processing. Over the last several decades, enterprises have depend greatly on analytics to provide them with competitive advantage and enable them to be more effective. But, enterprises now wants real time analytics and the capability to transform data into actionable insight. With the universality of data and the apparently vast scalability of cloud-based compute power, machine learning has become a huge trend across industries from last two years. Most of the pilot projects have been conducted in the year 2015 and the industry has started the adopting the real machine learning application in year 2016.
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- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Machine Learning Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The machine learning market segmentation is done on the basis of solution, deployment type and end-user. Furthermore, the end-users segment have been subdivided on the basis of machine learning applications for each end-user. The solution segment of machine learning market is bifurcated into software and services. The deployment type for machine learning is also bifurcated into cloud or machine learning as a service (MLaaS) market and on-premise machine learning market. The end-users segment for machine learning market include BFSI, retail, government, healthcare, manufacturing and others. For each of the end-user sector, machine learning has unique and different subset of applications.
Key questions answered in the report include
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global Machine Learning market?
• What are the key market trends impacting the growth of the Machine Learning market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global GEO satellite market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the Machine Learning market?
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Fraud & Risk Management, Predictive Customer Analytics, Algorithm Trading, and Others are the applications covered under the BFSI sector. Customer Experience & Insight, Supply & Demand Planning, and Others applications are used for machine learning in the retail sector. Under the Healthcare sector, the machine learning applications include Diagnosis and Treatment Systems, Image Analytics & Diagnosis, and Others. Also, for the manufacturing sector, the machine learning applications have been bifurcated into Predictive Maintenance and Supply Chain Management. The applications of machine learning for Government sector have been segmented into Fraud & Improper Payments and Public Safety & Security. On the basis of geography, the Machine Learning market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
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