Machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning focuses on the development of computer programs that can access data and use it learn for themselves.
Machine Learning market is expected to grow to US$ 39.98 billion by 2025 from US$ 1.29 billion in 2016. The sales of Machine Learnings is largely influenced by numerous economic and environmental factors and the global economy plays a key role in the development of machine learning market. In today’s competitive environment, machine learning technology has become an important part in many applications of the BFSI ecosystem, from approving loans, to managing assets, to assessing risks.
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Top Market Players: Amazon Web Services, Inc., BigML, Inc., Fair Isaac Corporation, Google Inc., H2O.ai, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute Inc.
The machine learning market has gained a huge traction in last two years in terms of both R&D and implementation. The technology has been embraced by many business leaders for various use cases of business that requires real time analytics with self-learning technology that too without being explicitly programmed. Machine learning has enormous potential in industries such as Retail, BFSI, manufacturing, and retail. For instance, BFSI vertical can use Machine Learning solutions to better identify insights in transaction data that help them manage risk and prevent fraud. Similarly, in retail, retailers can use machine learning solutions to designing tools that would provide recommendations to customers based on their purchase history.
The machine learning solution providers are highly benefitted with their proficiency in problem solving of a specific classis of business, and leveraging complex analytical algorithms coupled with huge amount of historical data. Furthermost, the cloud enables these service providers to scale the applications in most cost-effective way.
North America hold the largest share of the total market. While APAC is expected to exhibit highest growth. Asia Pacific in coming years is projected to be the most promising market for machine learning, as the region comprises of some dramatically growing countries, which are highly supported by the government investments initiated towards the development of artificial intelligence technology, and also, subsequently promoting the adoption of cloud based services. Rest of the regions like Europe, South America and Middle East & Africa are expected to grow moderately throughout the forecast period.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Machine Learning industry.
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Table of Contents
Chapter 1: Introduction
Chapter 2: Global Machine Learning Market – Key Takeaways
Chapter 3: Global Machine Learning Market – Market Landscape
Chapter 4: Global Machine Learning Market – Key Market Dynamics
Chapter 5: Machine Learning Market – Global Analysis
Chapter 6: Machine Learning Market – Global Regulatory Scenario
Chapter 7: Global Machine Learning Market Analysis– By Type
Chapter 8: Global Machine Learning Market Analysis– By Application
Chapter 9: Global Machine Learning Market Analysis– By End User
Chapter 10: North America Machine Learning Market Revenue and Forecasts To 2025
Chapter 11: Europe Machine Learning Market Revenue and Forecasts To 2025
Chapter 12: Asia-Pacific Machine Learning Market Revenue and Forecasts To 2025
Chapter 13: Middle East & Africa Machine Learning Market Revenue and Forecasts To 2025
Chapter 14: South and Central America Machine Learning Market Revenue and Forecasts To 2025
Chapter 15: Machine Learning Market –Industry Landscape
Chapter 16: Machine Learning Market – Key Company Profiles
Chapter 17: Appendix
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