Machine Learning Market Was Usd 15.44 billion In 2021. However, It Is Set To Reach Usd 209.91 billion By 2029

Posted on Sep 13 2022 5:04 AM

"Companies Key Players 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. "

[160 Pages Report] The global machine learning (ML) market size was valued at USD 15.44 billion in 2021. The market is expected to grow from USD 21.17 billion in 2022 to USD 209.91 billion by 2029, exhibiting a CAGR of 38.8% during the forecast period. The "Machine Learning Market" report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, and product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of The Machine Learning Market by region.

Report Details:

Machine Learning Market CAGR (2021-2029)
Market Size 2029 209.91 billion
Market Size 2021 15.44 billion

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What Information does this report contain?

  • Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2029. 
  • Expert analysis: Industry, governing, innovation, and technological trends; factors impacting development; drawbacks, SWOT.
  • 6-7 year performance forecasts major segments covering applications, top products, and geographies.
  • Competitive landscape reporting: Machine Learning Market leaders and important players, competencies, and capacities of these companies in terms of production as well as sustainability and prospects.

Available Customizations

With the given market data, Fortune Business Insights offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Product Analysis

  • The product matrix provides detailed product information and comparison

Geographic Analysis

  • Further breakdown of the North American Machine Learning Market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

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Who are the Major Machine Learning Market Vendors?

  • Amazon Web Services, Inc. (Washington, United States)
  • Baidu, Inc. (Beijing, China)
  • Domino Data Lab, Inc. (California, United States)
  • Microsoft Corporation (Washington, United States)
  • Dataiku (Paris, France)
  • Luminoso Technologies, Inc. (Massachusetts, United States)
  • TrademarkVision (Pennsylvania, United States)
  • SAP SE (Walldorf, Germany)
  • BigML, Inc. (Oregon, United States)
  • Fair Isaac Corporation (FICO) (California, United States)
  • Hewlett Packard Enterprise Development LP (HPE) (California, United States)
  • Intel Corporation (California, United States)
  • IBM Corporation (New York, United States)
  • com AG (Zurich, Switzerland)
  • RapidMiner, Inc. (Massachusetts, United States)
  • Angoss Software Corporation (Toronto, Canada)
  • ai (California, United States)
  • SAS Institute Inc. (North Carolina, United States)
  • Google, Inc. (California, United States)
  • Alpine Data (California, United States)

Drivers & Restraints:

Increasing Demand in Healthcare Sector to Boost Market

The global machine learning market is expected to witness significant growth during the forecast period due to increasing demand for automated data analysis solutions. Furthermore, these applications are highly in demand in the healthcare sector which is anticipated to drive the market and propel growth. Also, developing technologies and increasing investments in technological advancements in developing countries are expected to increase the revenue generation rate of the market. These factors are likely to ensure machine learning (ML) market growth during the projected period.

However, technical limitations and lack of accuracy may hinder the market growth    

Secondary Research:

This research study extensively used secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

The primary research process interviewed various sources from both the supply and demand sides to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Machine Learning Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub-segments. The following research methodologies were used to calculate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares split, and breakdowns were calculated using secondary sources and confirmed using primary sources.

Frequently Asked Questions?

  • What is the Machine Learning Market size?
  • What is the CAGR for the Machine Learning Market Size industry?
  • What are the segments covered in the Machine Learning Market report?
  • Who are the key players in the Machine Learning Market?
  • Which region is more attractive for vendors in the Machine Learning Market?
  • What are the key markets for Machine Learning Market Size ?
  • What are the key factors driving the growth of Machine Learning Market Size industry?
  • Which segment has the largest share in the Machine Learning Market?

Moreover, Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions, and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Moreover, Market Opportunities

4. Key Insights

4.1. Key Industry Developments – Moreover, Merger, Acquisitions, and Partnerships

4.2. Porter’s Five Forces Moreover, Analysis

4.3. Moreover, SWOT Analysis

4.4. Moreover, Technological Developments

4.5. Moreover, Value Chain Analysis

4.6. Moreover, Impact of COVID-19 on Market

5. Key Findings / Moreover, Summary

5.1 North America Sales, Revenue and Market Share by Country

5.1.1 North America Sales and Machine Learning Market Share by Country (2022-2029)

5.1.2 North America Revenue and Market Share by Country (2022-2029)

5.2 United States Sales and Growth Rate (2022-2029)

5.3 Canada Sales and Growth Rate (2022-2029)

5.4 Mexico Sales and Growth Rate (2022-2029)

8 South America by Country

8.1 South America Sales, Revenue and Machine Learning Market Share by Country

8.1.1 South America Sales and Market Share by Country (2022-2029)

8.1.2 South America Revenue and Market Share by Country (2022-2029)

8.2 Brazil Sales and Growth Rate (2022-2029)

8.3 Argentina Sales and Growth Rate (2022-2029)

8.4 Colombia Sales and Growth Rate (2022-2029)

9 Middle East and Africa by Countries

9.1 Moreover, Middle East and Africa Sales, Revenue and Market Share by Country

9.1.1 Middle East and Africa Sales and Market Share by Country (2022-2029)

9.1.2 Moreover, Middle East and Africa Revenue and Market Share by Country (2022-2029)

9.2 Saudi Arabia Sales and Growth Rate (2022-2029)

9.3 Moreover, Turkey Sales and Growth Rate (2022-2029)

9.4 Egypt Sales and Growth Rate (2022-2029)

9.5 Moreover, Nigeria Sales and Growth Rate (2022-2029)

10 Machine Learning Market in Developing Countries


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