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Global Machine Learning Market

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Global Machine Learning Market was valued $1,900 Million in 2018, and is projected to reach $33,517 Million by 2026; with a CAGR of 44.0% from 2019 to 2026. Machine learning has massive potential in industries – PowerPoint PPT presentation

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Title: Global Machine Learning Market


1
Global Machine Learning Market 2018 2026
  • Published By
  • Accurize Market Research

2
Global Machine Learning Market is Estimated to
Reach 33,517 Million By 2026, Says Accurize
Market Research
  • Global Machine Learning Market Report, published
    by Accurize Market Research, forecast that the
    global market is expected to reach 33,517
    Million by 2026 from 1,900 Million in 2018
    growing at a CAGR of 44 from 2019 to 2026. North
    America dominated the global machine learning
    market in 2018, and anticipated to hold the major
    market share till 2026. In terms of growth,
    Asia-Pacific is anticipated to attain the fastest
    compound annual growth rate (CAGR) during 2019
    2026.
  • Request Sample
  • https//www.accurizemarketresearch.com/report/mac
    hine-learning-market/sample-request

3
Market Introduction and Market Dynamics
  • Machine learning is a technology that provides
    computers with the ability to learn without being
    explicitly programmed and is focused on the
    development of computer programs that can
    automatically learn when exposed to new data.
    Instead of extracting data for human
    comprehension, it uses the data to improve the
    understanding of the program.
  • The innovative technologies including IoT and
    big data are giving a new leash to the machine
    learning practices and are widely used with many
    technologies such as image recognition, speech
    recognition, face recognition, and risk and fraud
    detection software.

4
Market Introduction and Market Dynamics
  • Some of the factors propelling the growth of the
    market include availability of massive amount of
    data, demand for superior consumer service and
    efficient operation, and proliferation in data
    generation. However, lack of skilled
    professionals and rising concerns regarding data
    security may hamper the market in the coming
    years.
  • Further, increasing demand for intelligent
    business process and increasing adoption in
    modern application would provide several growth
    opportunities in forecasted years

5
Market Segmentation and Crisp Analysis
  • The global machine learning market is segmented
    into solution, service, deployment, organization
    size, and industry vertical.
  • By solution, the market is classified into
    services and software. By services, the market is
    divided into professional services and managed
    services.
  • The deployment segment is further segmented into
    on-premise and cloud-based.
  • By organization size, the classifications covered
    are large enterprise and small medium
    enterprise.
  • By industry vertical, the market is divided into
    banking financial services (BFSI), healthcare
    life sciences, retail, telecommunication,
    government defense, manufacturing, energy
    utilities, and other (Includes Education,
    Agriculture, and Media and Entertainment).

6
Market Segmentation and Crisp Analysis
  • Software dominated the solution segment
    accounting for more than 70 of the market share,
    as the market at present is perceiving increased
    demand, particularly from small medium
    organizations, owing to intense competition for
    improvement of productivity and reduction of
    operational cost.
  • However, the services segment is anticipated to
    attain the fastest CAGR during the forecast
    period. Cloud-based dominated the deployment
    segment as it can minimize the complexities
    related to the setting up of the infrastructure
    and help in rapid innovation.

7
Regional Segmentation and Crisp Analysis
  • By geography, the global machine learning market
    is segmented into North America, Europe,
    Asia-Pacific, and Rest of the World.
  •  The country-wise analysis has been also covered
    under the scope of the report.
  • North America covers the U.S., Canada, and
    Mexico while Europe covers UK, Germany, France,
    Italy, and Rest of Europe.
  • China, Japan, South Korea, and Rest of
    Asia-Pacific have been analyzed under the
    Asia-Pacific market.
  • Rest of the world includes South America, the
    Middle East, and Africa. North America dominated
    the global market accounting for the largest
    market share with around 50 in 2018, owing to
    increased adoption of machine learning solutions.

8
Regional Segmentation and Crisp Analysis
  • The region is largely backed by its ability to
    provide suitable infrastructure to the service
    providers and also by offering wide growth
    opportunity to the service providers through its
    rapidly expanding industries.
  • Asia-Pacific region is projected to attain the
    fastest CAGR of 45.4 from 2019 2026, as the
    region comprises of some considerably growing
    countries, which are highly supported by the
    government investments initiated for the
    development of artificial intelligence
    technology.

9
Manufacturers Competitive Analysis
  • Major companies operating in the market are IBM
    Corporation, SAP SE, SAS Institute Inc., Google,
    Inc., Microsoft Corporation, Baidu, Inc., Hewlett
    Packard Enterprise Development LP, Amazon Web
    Services Inc., Intel Corporation, and Oracle
    Corporation, among others.
  • The machine learning market is highly competitive
    owing to the number of loyal brands present in
    the market.
  • The few dominant players accounts for the
    majority of the market share.
  • Companies are frequently investing heavily in
    research development to keep their proper
    market visibility and maintain profit margins.
  • For instance, in April 2017, Alphabet Inc., a
    subsidiary company of Google Inc. has released
    its first machine learning chip Tensor
    Processing Unit (TPU), which helps in performing
    computationally intensive tasks, such as voice
    search and image processing

10
Scope of the Report
  • The scope of the report covers in-depth analysis
    of the market in terms of both qualitative and
    quantitative analysis across the segments as well
    as cross-sectional analysis of the segments
    including the geographies and its countries.
  • Key companies operating in this market and their
    company profile along with the market share
    analysis and competitive scenario is also the
    part of the report.
  • Furthermore, different industries clients
    information has been provided in the report which
    is very important for the manufacturers.
  • Manufacturers data, including revenue,
    shipment, revenue share, shipment share, and
    gross profit have been also included, which
    provide better understanding of the market
    competition.

11
Our Expertise
  • Destined by the dedicated team of analysts and
    experts, we are envisioned to provide you our
    best in order to plan your next strategic across
    several industry verticals.
  • AMR has developed advanced analyst tools and data
    models to enhance and augment the analysis
    process. Corresponding to markets, where there is
    momentous lack of information and estimates,
    AMRs team of experts and analyst practice
    specific analyst tools and industry models to
    translate qualitative and quantitative industry
    indicators into exact industry estimates.
  • These models also allow analysts to inspect the
    prospects and opportunities existing in the
    market to achieve specific forecast of the
    market.
  • Ask for customization
  • https//www.accurizemarketresearch.com/report/mach
    ine-learning-market/ask-for-customization

12
Our Expertise
  • Destined by the dedicated team of analysts and
    experts, we are envisioned to provide you our
    best in order to plan your next strategic across
    several industry verticals.
  • AMR has developed advanced analyst tools and data
    models to enhance and augment the analysis
    process.
  • Corresponding to markets, where there is
    momentous lack of information and estimates,
    AMRs

13
Contact Us
  • Accurize Market Research Pvt. Ltd.
  • PUNE OFFICE 306
  • ZEN BUSINESS CENTER
  • WAKAD, NEAR BHUMKAR CHOWK
  • MUMBAI BANGALORE HIGHWAY
  • PUNE-411057
  • Email help_at_accurizemarketresearch.com
  • Contact No 1-339-368-6383
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