Machine Learning Market 2018 Analysis by Major Company Profiles: Google, Facebook,IBM Watson, Baidu, Apple, Microsoft, Cisco, Wipro, Nuance Communications, Amazon, Intel

Market Scenario:

The global Machine Learning Market is poised for growth during the forecast period of 2018-2022. Last year i.e. in 2017, the evaluated value of the market was around USD 1.35 million. By the end of the forecast period the market is expected to earn USD 8.54 million. The market is anticipated to grow at a jaw-dropping CAGR of 43.9%.

The machine learning report can be segmented into submarket such as by components, by enterprise application, by organization size and by region. The components of machine learning can be segmented as software tools, Cloud and web-based Application Programming Interface (APIs) and others such as model validator, decision report/predictor/training, and report storage. The software tools is further subdivided into data storage & archiving and modelling & processing.

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Market Players & Competitive Analysis:

Google Inc. (U.S.),
Facebook (U.S), ,
IBM Watson (U.S.),
Baidu (China),
Apple (U.S),
Microsoft (U.S.),
Cisco(U.S.),
Wipro(India), and Nuance Communications(U.S.) , Amazon (U.S) , Intel (U.S.).

On 19th July 2018, a study led by University of Plymouth (UK) has asserted that a new machine learning model that scans routinely collected National Health Service (NHS) data has projected promising indications of being able to predict undiagnosed dementia in primary care. This study has proved to be a pioneer in the advanced diagnosis of dementia with the help of machine learning.

Market Segmentation:

The global machine learning market has been segmented on the basis of component, service, organization size and application. Based on component, the machine learning market is segmented into software tools, cloud and web-based APIs, and others. Based on service, the machine learning market is segmented into professional services and managed services. Based on organization, the machine learning market is segmented into small and medium enterprises (SMEs) and large enterprises. Based on application, the machine learning market is segmented into BSFI, healthcare, government, automotive, education, media and entertainment, defense, telecom, retail and e-commerce, and others.

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.

Intended Audience
• Cloud service providers
• Telecommunication Companies
• Investors and consultants
• Research/Consultancy firms
• Technology solution providers
• Safety & Security Providers

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This release was published on openPR.