Machine Learning market expected to reach USD 8.07 Bn at a CAGR of 43.4% by 2023
Request a sample report @ https://www.htfmarketreport.com/sample-report/1440323-north-america-machine-learning-market
North America Machine Learning market
The value of the machine learning market in North America is expected to reach USD 8.07 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 43.4% during 2018-2023.
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.
North America has the most significant share of 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 the U.S. and Canada.
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.
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/1440323-north-america-machine-learning-market
There is a notable trend of using machine learning models in the media and entertainment industry. This is done to better the customer experiences, keep them engaged by providing them relevant content and make a drive towards greater viewer personalisation.
Insurance companies in North America are using machine learning algorithms to access the market trends for maximising business opportunities. Similarly, prospects of new developments in the product market are informed to the clients by applying machine learning algorithms to the available client data.
The tech-savvy consumers in North America are providing a myriad of opportunities to this machine learning market. The urge for exact prediction in all facets of life has pushed every organisation, irrespective of the industry they belong to, to use data to drive value and to provide more personalised user experience.
Key growth factors
The outbreak of mobile computing systems in the last decade, which paved the way for easy collection and transmission of data across platforms, has led to the emergence of big data on which machine learning is hugely dependent now, giving a boost to the machine learning market in North America.
Predictive analytics help in taking preventive measures for probable health emergencies by looking at the data for key health indicators. This drives machine learning in the hospitals of North America.
Threats and key players
There is a detachment between the actual potential and how machine learning is being used in the real world. A lot of research and development (R&D) is being done to push the boundary a bit further. Inability to realise the full value, the made investments may give a severe backlash to this machine learning market in North America.
The key players are Microsoft, Google Inc., IBM Watson, Amazon, Baidu, Intel, Facebook, Apple Inc., and Uber.
What is covered in the report?
1. Overview of the machine learning market in North America.
2. Market drivers and challenges in the machine learning in North America.
3. Market trends in the machine learning in North America.
4. Historical, current and forecasted market size data for the machine learning in North America.
5. Historical, current and forecasted market size data for the components segment (software tools, cloud and web-based APIs and others).
6. Historical, current and forecasted market size data for the service segment (professional services and managed services).
7. Historical, current and forecasted market size data for the organisation size segment (SMEs and large enterprises).
8. Historical, current and forecasted market size data for the application segment (BFSI, automotive, healthcare, government and others).
9. Historical, current and forecasted regional (US, Canada) market size data for the machine learning market.
10. Analysis of North America machine learning market by value chain.
11. Analysis of the competitive landscape and profiles of major competitors operating in the market.
1. Understand the demand for machine learning to determine the viability of the market.
2. Determine the developed and emerging markets for machine learning.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide on the direction of further growth.
Make an enquiry before buying this Report @ https://www.htfmarketreport.com/enquiry-before-buy/1440323-north-america-machine-learning-market
Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2: Machine learning market - market overview
2.1. North America market overview- market trends, market attractiveness analysis, geography-wise market revenue (USD)
2.2. North America - market drivers and challenges
2.3. Value chain analysis – machine learning market
2.4. Porter’s five forces analysis
2.5. Market size- by components (software tools, cloud and web-based APIs and others)
Buy this report @ https://www.htfmarketreport.com/buy-now?format=1&report=1440323
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Machine Learning market expected to reach USD 8.07 Bn at a CAGR of 43.4% by 2023 here
News-ID: 1847379 • Views: 235
More Releases from HTF Market Intelligence Consulting Pvt. Ltd.
Gigabit Ethernet Switches Market – Witness an Unsold Story | HP, Tripp Lite, S …
A latest study released by HTF MI on Global Gigabit Ethernet Switches Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Gigabit Ethernet Switches market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that
RTD Sensor Market – Witness an Unsold Story | US Sensor, Vishay Beyschlag, OME …
A latest study released by HTF MI on Global RTD Sensor Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of RTD Sensor market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part
Big Data in Travel and Tourism Market Aims to Expand at Double-Digit Growth Rate
HTF Market Intelligence released a new research report of 47 pages on title 'Big Data in Travel and Tourism - Thematic Research' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Airbnb, Accor, Lufthansa etc. Request a sample report @ https://www.htfmarketreport.com/sample-report/2279730-big-data-in-travel-and-tourism-thematic-research Summary Big data is increasingly important for travel and tourism companies as the sheer amount of data collected needs to be properly analysed to
France: Power Market: Is it Repeating History?
HTF Market Intelligence released a new research report of 72 pages on title 'France Power Market Outlook to 2030, Update 2019-Market Trends, Regulations, Electricity Tariff and Key Company Profiles' with detailed analysis, forecast and strategies. The study covers key regions and important players such as EDF (Electricite de France SA) , Engie SA, Energeticky a Prumyslovy Holding AS , Total SA etc. Request a sample report @ https://www.htfmarketreport.com/sample-report/2279724-france-power-market Summary This report elaborates France's
More Releases for North
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14