Press release
Asia-Pacific Machine Learning Market is expected to garner USD 10.00 Bn by 2023 with By Major Vendors: Microsoft, Google Inc., IBM Watson, Amazon, Baidu, Intel, Facebook, Apple Inc.,
The value of the machine learning market in Asia-Pacific is expected to reach USD 10.00 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 51.3% during 2018-2023.
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Machine learning the ability of computers to learn through experiences to improve their performance. Separate algorithms and human intervention are not required to train the computer. It merely learns from its past experiences and examples. In recent times, this market has gained utmost importance due to the increased availability of data and the need to process the data to obtain meaningful insights.
Asia-Pacific will experience the highest CAGR in the machine learning market.
The market can be classified into four primary segments based on components, service, organization size and application.
Based on region, the market is segmented into China, India, Japan, South Korea, Australia and New Zealand (ANZ), the rest of Asia-Pacific.
Based on components the market can be segmented into software tools, cloud and web-based application programming interfaces (APIs) and others.
Based on service, the sub-segments are composed of professional services and managed services.
Based on organization size, the sub-segments include small and medium enterprises (SMEs) and large enterprises.
Based on application, the market is divided into the sub-segments, banking, financial services and insurance (BFSI), automotive, healthcare, government and others.
Machine learning is no longer a novelty in Asia-Pacific countries. Business sectors having realised its potential are using machine learning technologies to draw maximum insights from the available data to increase the efficiency of operations.
Key growth factors
The enormous population base together with a diverse industry mix, which has the potential to generate a huge amount of data, is significantly driving the machine learning market in the Asia-Pacific countries.
The availability of a robust data set, the adoption of machine learning techniques in traditional industries and strengthening of the pipeline of cohorts with exceptional talent is driving the machine learning market in the Asia-Pacific region.
Threats and key players
Ethical issues and biased data leading to biased decisions are a matter of concern which restricts further development of the machine learning market.
The connectivity standards available in the Asia-pacific region still falls below the worlds average. The digital divide is widening the gap among the sub-regions in the Asia-Pacific zone at an alarming rate. This again is causing a hindrance to the development in the machine learning market in this region.
The key players are Microsoft, Google Inc., IBM Watson, Amazon, Baidu, Intel, Facebook, Apple Inc., and Uber.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Asia-Pacific machine learning market - market overview
2.1. Asia-Pacific market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD)
2.2. Asia-Pacific - market drivers and challenges
2.3. Value chain analysis machine learning market
2.4. Porters five forces analysis
2.5. Market size- by components (software tools, cloud and web-based APIs and others)
2.5. a. Revenue from software tools- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. b. Revenue from cloud and web-based APIs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.5. c. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. Market size- by service (professional services and managed services)
2.6. a. Revenue from professional services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.6. b. Revenue from managed services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. Market size- by organization size (SMEs and large enterprises)
2.7. a. Revenue from SMEs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.7. b. Revenue from large enterprises- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.8. Market size- by application (BFSI, automotive, healthcare, government and others)
2.8. a. Revenue from BFSI- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.8. b. Revenue from automotive- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.8. c. Revenue from healthcare- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.8. d. Revenue from government- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
2.8. e. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 3: China machine learning market- market overview
3.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD)
3.2. China - market drivers and challenges
3.3. Market size- by components (software tools, cloud and web-based APIs and others)
3.3. a. Revenue from software tools- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. b. Revenue from cloud and web-based APIs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.3. c. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. Market size- by service (professional services and managed services)
3.4. a. Revenue from professional services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.4. b. Revenue from managed services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. Market size- by organization size (SMEs and large enterprises)
3.5. a. Revenue from SMEs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.5. b. Revenue from large enterprises- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.6. Market size- by application (BFSI, automotive, healthcare, government and others)
3.6. a. Revenue from BFSI- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.6. b. Revenue from automotive- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.6. c. Revenue from healthcare- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.6. d. Revenue from government- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
3.6. e. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
Chapter 4: India machine learning market - market overview
4.1. Market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD)
4.2. India - market drivers and challenges
4.3. Market size- By components (software tools, cloud and web-based APIs and others)
4.3. a. Revenue from software tools- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.3. b. Revenue from cloud and web-based APIs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.3. c. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. Market size- by service (professional services and managed services)
4.4. a. Revenue from professional services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.4. b. Revenue from managed services- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. Market size- by organization size (SMEs and large enterprises)
4.5. a. Revenue from SMEs- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.5. b. Revenue from large enterprises- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.6. Market size- By application (BFSI, automotive, healthcare, government and others)
4.6. a. Revenue from BFSI- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.6. b. Revenue from automotive- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.6. c. Revenue from healthcare- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.6. d. Revenue from government- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
4.6. e. Revenue from others- Historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), key observations
……
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