Machine Learning (ML) Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-premise), By End-user (Healthcare, Retail, IT and Telecommunication, BFSI, Automotive and Transportation, Advertising and Media, Manufacturing, and Others), and Regional Forecast, 2022-2029
Theglobal “Machine Learning Market Growth“2022 research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Machine Learning Market growth research report offers the historic data and provides the forecast based on revenue. With the help of all these information, research report helps the market participants to improve market positions.
The global Machine Learning Market size stood at USD 15.44 Billion in 2021 and is projected to reach USD 209.91 Billion by 2029, exhibiting a CAGR of 38.8% during the forecast period.
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Machine learning (ML) is the study of computer algorithms that can improve automatically through experience and by the use of data. It is seen as a part of artificial intelligence. Machine learning algorithms build a model based on sample data, known as training data, in order to make predictions or decisions without being explicitly programmed to do so. Machine learning algorithms are used in a wide variety of applications, such as in medicine, email filtering, speech recognition, and computer vision, where it is difficult or unfeasible to develop conventional algorithms to perform the needed tasks.
A subset of machine learning is closely related to computational statistics, which focuses on making predictions using computers; but not all machine learning is statistical learning. The study of mathematical optimization delivers methods, theory, and application domains to the field of machine learning. Data mining is a related field of study, focusing on exploratory data analysis through unsupervised learning. Some implementations of machine learning use data and neural networks in a way that mimics the working of a biological brain. In its application across business problems, machine learning is also referred to as predictive analytics.
List of Key Companies
- Amazon Web Services, Inc. (Washington, United States)
- Baidu, Inc. (Beijing, China)
- Domino Data Lab, Inc. (California, United States)
- Microsoft Corporation (Washington, United States)
- Dataiku (Paris, France)
- Luminoso Technologies, Inc. (Massachusetts, United States)
- TrademarkVision (Pennsylvania, United States)
- SAP SE (Walldorf, Germany)
- BigML, Inc. (Oregon, United States)
- Fair Isaac Corporation (FICO) (California, United States)
- Hewlett Packard Enterprise Development LP (HPE) (California, United States)
- Intel Corporation (California, United States)
- IBM Corporation (New York, United States)
- com AG (Zurich, Switzerland)
- RapidMiner, Inc. (Massachusetts, United States)
- Angoss Software Corporation (Toronto, Canada)
- ai (California, United States)
- SAS Institute Inc. (North Carolina, United States)
- Google, Inc. (California, United States)
- Alpine Data (California, United States)
Significant Features and Key Highlights of the Report
- Detailed overview of Machine Learning Market size
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected market size in terms of volume and value.
- Recent industry trends and developments
- Competitive landscape of Machine Learning Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth.
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Machine Learning Market Segment
By Component
- Solutions
- Services
By Enterprise Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Deployment
- Cloud
- On-premise
By Industry
- Healthcare
- Retail
- IT and Telecommunication
- Banking, Financial Services and Insurance (BFSI)
- Automotive and Transportation
- Advertising and Media
- Manufacturing
- Others (Energy and Utilities,etc.)
By Region
What does the Report Provide?
The global report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the Machine Learning Market share report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
The following are the study objectives for Machine Learning Market forecast report:
- SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
- Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
- Determine whether trends and factors are driving or limiting market growth.
- By identifying high-growth categories, stakeholders would be able to analyse market potential.
- Conduct a strategic study of each submarket’s growth trends and market contribution.
- Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
- To create a strategic profile of the main players and analyse their growth plans in depth.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Machine Learning Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2028
