Machine Learning Market Competitive landscape Of Microsoft Corporation, Amazon Web Services, Bigml, Google, Fair Isaac Corporation, Hewlett Packard Enterprise Development Lp, and Intel Corporation

Machine learning is a branch of artificial intelligence that enables machines to learn directly from data, experience, and examples.Increasing volume of data being generated across industry verticals creates an exhaustive repository for machines to learn from, something that is further backed by rapid strides made in processing power of computers, in turn enhancing the analytical capabilities of machine learning systems.

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"Increasing advancements in technology leading to higher accuracy of systems fueling market growth"

In image labeling challenge, the accuracy of machine learning was 72% in 2010 and it reached to 96% in 2015. The ability of machines to process large volumes of data and to use the data for prediction have made the machine learning a key tool in various applications such as BFSI, healthcare etc.

"Integration of machine learning in robotics has fueled growth of the machine learning market"

The increasing demand for advance robotic system in various verticals such as automotive, electronics, food and beverages, healthcare etc has fueled the market growth. According to International Federation of Robots, in 2016, around 294,000 units of industrial robots were deployed across the globe. For example: In 2016, Fanuc, a Japan-based company, announced development of a robot with deep reinforcement learning technique, which enables the robot to train itself over a very short time duration.

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"Machine learning market is expected to witness rampant growth due to growing healthcare sector in the near future."

Accuracy is one of the major concerns in the healthcare sector. Machine learning have the capabilities to provide more accurate diagnosis and healthcare services, which in turn has augmented demand for machine learning in healthcare sector. Google has developed a deep learning algorithm, which analyze images and provides training to the system by using a data set of 128,000 images. Thus, the system diagnose the disease with a level of accuracy similar to human ophthalmologists. On similar lines, Google researchers are developing a deep learning algorithm for early diagnosis of skin cancer and breast cancer.

"Key Companies in the Global Machine Learning Market"

Microsoft Corporation, SAP SE, Sas Institute Inc., Amazon Web Services, Inc., Bigml, Inc., Google Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development Lp, and Intel Corporation are some of the major companies operating in the global machine learning market.

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