The report on the global Machine Learning market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player's market share analysis, competitive landscape and supply chain analysis.
— Market Highlights:
The Machine Learning Market is growing at the faster pace. High investments in machine learning algorithms which is the part of artificial intelligence is driving the market. This technology has already transformed the industries from automotive to medical. The adoption of machine learning algorithms has been the leading driving force of revenue for many large organizations such as Facebook, Google, and Amazon. The increasing popularity of inexpensive parallel algorithms is making this technology even accessible to lean startups. There are four different Machine Learning areas. The Supervised learning algorithms is taught what a face is and what not and eventually will learn itself and identify whether the new image contains face or not.
The main emphasis of this technology is on the development of computer programs that can access data and make appropriate use of it to self-learn. In such computers, the learning phase starts with assessments or data like examples, experience or instructions. Patterns are identified in all of these activities and stored for future use. Leading organizations make use of this technology to accumulate the intelligence. Later on, they use the same of risk management in case of exposure or other emergencies. It also aids the companies to make better decisions for their business.
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Major Key Players:
• Google Inc. (U.S.),
• Facebook (U.S), ,
• IBM Watson (U.S.),
• Baidu (China),
• Apple (U.S)
• Microsoft (U.S.)
• Nuance Communications (U.S.)
• Amazon (U.S)
• Intel (U.S.).
The worldwide machine learning market has been divided into 5 distinct parts that include, applications, components, services, organization sizes & regions.
On the basis of applications, the market is divided into BSFI, automotive, healthcare & government.
On account of components, the market has been segmented into cloud, web-based APIs & software tools.
The services segment can be further bifurcated into professional services & managed services. Out of the two managed services section is estimated to grow tremendously over the forecast period. It is because managed service suppliers can look after all the hardware & software functions. With them all the organizations can be at peace as they only need to install & update applications.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By its diverse usage Machine Learning has multiple application from Automotive to Medical industries. From fighting webspam, Imitation Learning, Assistive and Medical Tech, Automatic Translation, Playing Video Games Automatically. The major benefits of Machine Learning are improved safety and security, protecting gadgets from virus and spams, signal diagnosing, diagnosing diseases, car driving to stopping crimes. These factors would definitely increase the Machine Learning market very soon.
By Region, MRFR analysis shows that North America region evolved as a leader in Machine Learning market due to the growing demands from large Enterprises and startups in North America .Asia –Pacific market of Machine Learning is changing and is going to emerge as one of the leading players in Machine Learning.
For the purpose of this study, the global Machine Learning market has been segmented on the basis of components, organization size, end users and region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Detailed Regional Analysis:
Geographically, the global machine learning market is segmented into four major regions such as North America, Europe, Asia Pacific (APAC) and the rest of the world (RoW). Among these, the Europe region is anticipated to dominate the global machine learning market during the forecast period owing to the increased focus of startup companies on commercialization and innovation of artificial intelligence technology. The rapid technological development and increasing adoption of machine learning services in various industrial sectors are fueling the expansion of machine learning market in the North America region. The machine learning market in the Asia Pacific region is considered to be lucrative owing to the increasing investment for technological advancement and inclination towards the application of artificial intelligence technology in various industrial sectors in this region.
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• Cloud service providers
• Telecommunication Companies
• Investors and consultants
• Research/Consultancy firms
• Technology solution providers
• Safety & Security Providers
LIST OF TABLES
TABLE 1 MACHINE LEARNING MARKET, BY COMPONENTS
TABLE 2 MACHINE LEARNING MARKET, BY SERVICE
TABLE 3 MACHINE LEARNING MARKET, BY ORGANIZATION SIZE
TABLE 4 MACHINE LEARNING MARKET, BY REGION
TABLE 5 NORTH AMERICA MACHINE LEARNING MARKET, BY COMPONENTS
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK COMPONENTS
FIGURE 2 MACHINE LEARNING MARKET: BY COMPONENTS (%)
FIGURE 3 MACHINE LEARNING MARKET: BY SERVICE (%)
FIGURE 4 MACHINE LEARNING MARKET: BY REGION
FIGURE 5 NORTH AMERICA MACHINE LEARNING MARKET, BY COMPONENTS (%)
About Market Research Future:
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Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Release ID: 481369