Machine Learning Market Data Current and Future Trends, Industry Size, Share, Revenue, Business Growth Forecast to 2028, Fortune Business Insights

Posted on May 17 2021 11:47 AM

"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 "

According to the report, The global machine learning market Forecast 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 value of this market was USD 8.43 billion in 2019 and is likely to exhibit a CAGR of 39.2% to reach USD 117.19 billion by the end of 2027.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/machine-learning-market-102226


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.

Speak To Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/machine-learning-market-102226

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)

Quick Buy: Machine Learning Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102226

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...!!!



Get your Customized Research Report:
 https://www.fortunebusinessinsights.com/enquiry/customization/machine-learning-market-102226

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/press-release/global-machine-learning-market-10095

(Have a Look at Reports Trending in "Energy & Power" Industry)

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245

Email[email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs

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 value of this market was USD 8.43 billion in 2019 and is likely to exhibit a CAGR of 39.2% to reach USD 117.19 billion by the end of 2027.

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/machine-learning-market-102226


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.

Speak To Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/machine-learning-market-102226

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)

Quick Buy: Machine Learning Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102226

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...!!!



Get your Customized Research Report:
 https://www.fortunebusinessinsights.com/enquiry/customization/machine-learning-market-102226

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/press-release/global-machine-learning-market-10095 

(Have a Look at Reports Trending in "Energy & Power" Industry)

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245

Email[email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs