BFSI and Government Sector Expected to Drive the Machine Learning Market

Market Highlights
In this fast-growing advancement in technology market, IT industries are coming with advanced invention in technology and minimizing human activities by solving their real-life problems. Machine learning is technology conversion of computers. It is emerging as one of the most innovative and diverse application technology. The market of machine learning is growing with an accelerating pace. The invention of machine learning has led ability to the computers to work without explicitly programmed. The growing adoption of machine learning technology in various industries such as healthcare, BFSI, government, healthcare, Automotive, Retail and Ecommerce, Education is supporting the growth of this market.

Key Players
• Google Inc. (U.S.)
• Facebook (U.S)
• IBM Watson (U.S.)
• Baidu (China)
• Apple (U.S)
• Microsoft (U.S.)
• Cisco(U.S.)
• Wipro(India)
• Nuance Communications(U.S.)
• Amazon ( U.S.)
• Intel (U.S.)

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Machine Learning Market Segmentation:
The machine learning report can be segmented into submarket such as by components, by enterprise application, by organization size and by region. The components of machine learning can be segmented as software tools, Cloud and web-based Application Programming Interface (APIs) and others (model validator, decision report/predictor/training, and report storage). The software tools is further subdivided into data storage & archiving and modelling & processing. It can be segmented as enterprise Application which is further subdivided into Marketing and advertising. The segmentation on the basis of organisation size and Region is also mentioned in the report.

Market Research Analysis:
Market Research Future Analysis shows that innovation of software’s industry in artificial intelligence & machine learning leads to the advancement of computer programs which can be changed when exposed to data. The major benefits of Machine Learning are improved safety and security, protecting gadgets from virus and spams, signal diagnosing, diagnosing diseases, car driving to stopping crimes.

Regional Analysis of MRFR in Machine Learning Market is as follows. North America is expected to hold the largest market share due to increasing adoption of machine learning technology in various organizations. Also, increasing cloud-based and artificial intelligence solutions in organizations in this region is another factor driving the growth of the Machine Learning market followed by Europe. Moreover, continuous development on machine learning technology in Asia-Pacific Region is expected to boost growth in this region.

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Intended Audience
• Cloud service providers
• Telecommunication Companies
• Investors and consultants
• Research/Consultancy firms
• Technology solution providers
• Safety & Security Providers

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Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

This release was published on openPR.