The global machine learning market is categorized as per type, application, and region. Based on type, the market is categorized into on-premise and cloud. Based on application, the market is segmented into healthcare and life sciences, Banking, Financial Services and Insurance (BFSI), manufacturing, telecommunications, and others. Fraud and risk management application in BFSI is estimated to be the major contributor toward market growth.
Based on region, the market is divided into Southeast Asia (India, Japan, and China), North America (United States), and European Union (EU). North America has the highest adoption of machine learning-based solutions owing to its early implementation in various verticals. The region is projected to account for the maximum market share over the next five years. Advancements in computer programming across a wide range of industries may drive the region closely followed by Europe. Canada and the US are expected to widely implement various machine learning solutions driving the regional growth.
The European region is anticipated to lead the global market over the next few years. This growth can be attributed to the rapidly emerging start-ups that majorly focus on commercialization and innovation in machine intelligence technologies. Moreover, a large amount of complex data, a rise in the adoption of Internet of Things (IoT), and booming portable electronics market are also projected to drive the regional market.
Southeast Asia is estimated to emerge as a lucrative regional market for machine learning. Factors such as increasing complexity of business, escalated demand for intelligent business processes, substantial growth in data generation across industry verticals, and constant growth in mobile networks are expected to spur the regional growth.
Major companies operating in the global machine learning market include Microsoft Corp.; Hewlett Packard Enterprise Development LP; Fair Isaac Corp.; Amazon Web Services, Inc.; SAS Institute Inc.; and Google Inc.
Machine learning is being used in almost all the industries except in research and development. Previously, the industry was unaware of the benefits of machine learning. However, according to The Forbes magazine’s recent issue, machine learning may rule this industry in near future.
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Machine Learning market, analyzes and researches the Machine Learning development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
International Business Machines Corporation
Sas Institute Inc.
Amazon Web Services, Inc.
Fair Isaac Corporation
Hewlett Packard Enterprise Development Lp
Market segment by Regions/Countries, this report covers
Market segment by Type, Machine Learning can be split into
Market segment by Application, Machine Learning can be split into
Healthcare and Life Sciences
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