Industry Background:
Machine learning is a subset of artificial intelligence. The concept developed from arithmetic learning and pattern recognition in artificial intelligence. It examines the construction and investigation of algorithms and makes predictions about data. Machine learning applications include email filtering, optical character recognition (OCR), intrusion detection, computer vision, and rank learning. Machine learning solutions are used extensively by companies worldwide to improve the customer experience and ROI and to achieve competitive advantages in business operations. In addition, machine learning applications in various industries are expected to grow exponentially in the coming years. Technological progress and proliferation in data generation are some of the main drivers for the market. Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality (AR) solutions are expected to make a significant contribution to responding to the COVID-19 pandemic and to meet evolving challenges. The current situation due to the outbreak of the epidemic will inspire pharmaceutical companies and healthcare institutions to improve their R&D investment in AI. This is a core technology for enabling various initiatives. VR / AR can help with e-learning, for which demand will increase due to the closure of many schools and universities. In addition, VR / AR can also prove to be a valuable solution for providing remote support as it can help avoid unnecessary travel.This growth is primarily driven by Increase Efficiency and Save Costs for Managing On-Demand Machine Learning Services, Growth of the Professional Services Segment Is Mainly Governed By the Complexity of Operations and Rapidly Emerging and Highly Active SMEs.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Microsoft Corporation (United States), Sap SE (Germany), SAS Institute Inc. (United States), Amazon Web Services, Inc. (United States), Bigml, Inc. (Spain), Google Inc. (United States), Fair Isaac Corporation (United States), Baidu, Inc. (China), Hewlett Packard Enterprise Development (United States), Intel Corporation (United States) and H2O.Ai, Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Growing Adoption of Hardware Optimized For Machine Learning
. Major Players, such as Microsoft Corporation (United States), Sap SE (Germany), SAS Institute Inc. (United States), Amazon Web Services, Inc. (United States), Bigml, Inc. (Spain), Google Inc. (United States), Fair Isaac Corporation (United States), Baidu, Inc. (China), Hewlett Packard Enterprise Development (United States), Intel Corporation (United States) and H2O.Ai, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increase Efficiency and Save Costs for Managing On-Demand Machine Learning Services
- Growth of the Professional Services Segment Is Mainly Governed By the Complexity of Operations
- Rapidly Emerging and Highly Active SMEs
Market Trend
- Growing Adoption of Hardware Optimized For Machine Learning
- Increased Cyber Risks to Critical Business Information and Data
- Increased Concerns for Managing the Complex Business Processes
- Increased Collaboration, Monitoring Document Version Control, And Data Loss Prevention
Restraints
- Data Privacy, Security, And Reliability Concerns
Opportunities
Increasing Deployment of Machine Learning Solutions, Rising Adoption of This Technology in Emerging Healthcare Areas and Technological Advancement and Proliferation in Data Generation
Challenges
Lack of Adequately Skilled Workforce
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Machine Learning Study Sheds Light on
The Machine Learning Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Machine Learning industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Machine Learning industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.