Machine Learning Market By Business Growth, Trend, Segmentation, Top Key Players, Revenue and Industry Expansion Forecast Report, Fortune Business Insights

According to the report, The global machine learning market size is anticipated to rise remarkably on account of the advancement in deep learning. This, coupled with the amalgamation of analytics-driven solutions with ML abilities, is expected to aid in favor of the market in the coming years. As per a recent report by Fortune Business Insights, titled, "Machine Learning Market Size, Share & Covid-19 Impact Analysis, By Component (Solution, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-premise), By Industry (Healthcare, Retail, IT and Telecommunication, BFSI, Automotive and Transportation, Advertising and Media, Manufacturing, and Others), and Regional Forecast, 2020-2027,"

The global machine learning market is projected to grow from $15.50 billion in 2021 to $152.24 billion in 2028 at a CAGR of 38.6% in forecast period

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List of the Leading Companies Profiled in the Machine Learning Market Research Report Include:

Hewlett Packard Enterprise Development LP
SAS Institute, Inc.
Amazon Web Services, Inc.
SAP SE
Baidu, Inc.
Oracle Corporation
BigML, Inc.
Microsoft Corporation
Fair Isaac Corporation
Intel Corporation
Google LLC
IBM Corporation
H2o.AI
Other players
What Are the Objectives of the Report?

The report is based on a 360-degree overview of the market that discusses major factors driving, repelling, challenging, and creating opportunities for the market. It also talks about the current trends prevalent in the market, recent industry developments, and other interesting insights that will help investors accordingly chalk out growth strategies for the future. The report also highlights the names of major segments and significant players operating in the market. For more information on the report, log on to the company website.

Drivers & Restraints-

Huge Investment on Artificial Intelligence to Aid in Favor of Market

The e-commerce sector has showcased significant growth in the past few years, with the advent of retail analytics. Companies such as Alibaba, eBay, Amazon, and others are utilizing advanced data analytics solutions for boosting their sales graph. Thus, the advent of analytical solutions into the e-commerce sector, offering enhanced consumer experience and rise in sales graph is one of the major factors promoting the machine learning market growth. In addition to this, the use of machine intelligence solutions for encrypting and protecting data is adding boost to the market. Furthermore, massive investments in artificial intelligence (AI) and efforts to introduce innovations in this field are further expected to add impetus to the market in the coming years.

On the flipside, national security threat issues such as deepfakes and other fraudulent cases, coupled with the misuse of robots, may hamper the overall market growth. Nevertheless, the introduction and increasing popularity of self-driving cars from the automotive industry is projected to create new growth opportunities for the market in the coming years.

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Segment:

IT and Telecommunication Segment Bagged Major Share Soon to be Overpowered by Healthcare Sector

Based on segmentation by industry, the IT and telecommunication segment earned 22.0% machine learning market share and emerged dominant. But the current COVID-19 pandemic increased the popularity of wearable medical devices to keep track of personal health and diet. This is expected to help the healthcare sector emerge dominant in the coming years.

Regional Analysis-

Asia Pacific to Exhibit Fastest Growth Rate Owing to Rising Adoption by Developing Economies

Region-wise, North America emerged dominant in the market, with a revenue of USD 3.07 billion in 2019. This is attributable to the presence of significant players such as IBM Corporation, Oracle Corporation, Amazon.com, and others and their investments in research and development of better software solutions for this technology. On the other side, the market in Asia Pacific is expected to exhibit a rapid CAGR in the forecast period on account of the increasing adoption of artificial intelligence, machine learning, and other latest advancements in the rising economies such as India, China, and others.

Competitive Landscape-

Players Focusing on Development of Responsible Machine Learning to Strengthen their position

The global market generates significant revenues from companies such as Microsoft Corporation, IBM Corporation, SAS Institute Inc., Amazon.com, and others. The principal objective of these players is to develop responsible machine learning that will help prevent unauthorized use of such solutions for fraudulent or data theft crimes. Other players are engaging in collaborative efforts to strengthen their position in the market.

Major Industry Developments of this Market Include:

March 2019 - The latest and most advanced ML capability was added to the 365 platforms by Microsoft. This new feature will help strengthen the internet-facing virtual machines by increasing security when merged with the integration of machine learning by Azure's security centre.

Market Segmentation:

1. By Component

Solution
Services
2. By Enterprise Size

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

3. By Deployment

Cloud
On-premise

4. By Industry

Healthcare
Retail
IT and Telecommunication
BFSI
Automotive & Transportation
Advertising & Media
Manufacturing
Others (Energy & Utilities)

5. By Region

North America (The U.S., and Canada)
Europe (The U.K., Germany, France, Scandinavia, and the Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)

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Detailed Table of Content

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints, and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Impact of COVID-19
Short-term Impact
Long-term Impact
Key Industry Developments - In Response to the COVID-19 Impact
Consolidated SWOT Analysis of Key Players
Porter's Five Force Analysis
Global Machine Learning Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Size and Forecast - By Component (Value)
Solutions
Services
Market Size and Forecast - By Enterprise Size (Value)
SME's
Large Enterprises
Market Size and Forecast - By Deployment (Value)
Cloud
On-premise
Market Size and Forecast - By End-user (Value)
Healthcare
Retail
IT and Telecommunication
BFSI
Automotive & Transportation
Advertising & Media
Manufacturing
Others (Energy & Utilities)
Market Size and Forecast - By Region (Value)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
TOC Continued...!!!

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