Machine Learning Market Analysis and In-Depth Research On Emerging Growth Factors and Forecasts to 2023 By key vendors: Artivatic Data Labs Pvt. Ltd., Formcept Technologies & Solutions Pvt. Ltd., PixelCrayons
In addition, this report identifies a pin-point analysis of competitive dashboard and helps readers to develop a competitive edge over others. It delivers a noteworthy data and insights associated with factors driving or preventing the growth of the market. It brings a 2019-2023 forecast evaluated on the basis of how the market is expected to perform.
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Market Segment by Manufacturers, this report covers: Artivatic Data Labs Pvt. Ltd., Formcept Technologies & Solutions Pvt. Ltd., PixelCrayons, QBurst Technologies Pvt. Ltd., Active Intelligence Pte. Ltd., Amazon Web Services, Inc., Fair Isaac Corporation, International Business Machines Corporation, Microsoft Corporation, Xoriant Corporation
Global market insights:
The global machine learning market is expected to reach a value of INR 543.18 Bn by the end of 2023, from INR 91.83 Bn in 2017, expanding at a compound annual growth rate (CAGR) of nearly 42.99%. This growth is attributed to technological advancements, and its proliferation in the field of data generation.
India market insights:
In India, though the adoption of AI applications is still at a nascent stage, it is anticipated that the market will grow at a high rate in the coming years. Among the various AI technologies being implemented in India, the highest investments are in the field of machine learning applications. In India, investments in artificial intelligence (which was INR 773.64 Bn in 2017) is expected to expand at a CAGR of 33.49% during the 2018-2023 period. The reason behind such high anticipated investments is the growing popularity of AI technologies, especially ML applications, across business functions like finance, accounting, general management, IT, operations, and administration.
Key growth drivers of the market:
The implementation of machine learning reduces the chances of human error. Also, it makes machines smarter, thereby reducing their reliance on operators. In a way, machine learning enhances technicians' accuracy and efficiency, owing to which many companies are switching from traditional data interpretation methods to machine learning. This, in turn, is providing growth opportunities for the market in India.
Cloud-based analytics, when used in conjunction with machine learning, helps analysts identify anomalies in real time so that they can be rectified swiftly. The introduction of the concept of stream-based analytic platforms has opened up new avenues for the extensive use of machine learning applications in various sectors of the Indian market.
Market segment by Regions/Countries, this report covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For product type segment, this report listed main product type of Machine Learning market
Semi Supervised Learning
For end use/application segment, this report focuses on the status and outlook for key applications. End users are also listed.
Marketing & Advertising
Fraud Detection & Risk Management
Augmented & Virtual reality
Natural Language processing
Security & surveillance
Table of Content:
1: Executive summary
2: Socio-economic indicators
4: Global machine learning market
5: Artificial intelligence market in India
6: Machine learning market segmentation in India
7: Key growth drivers of the market
8: Key deterrents to the growth of the market
9: Competitive landscape
10 Global Machine Learning Market Segment by Type
11 Global Machine Learning Market Segment by Application
12 Global Machine Learning Market Size Forecast (2019-2023)
13 Research Findings and Conclusion
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