Publication Month: Feb 2018 | Report Code: TIPTE100000804 | No. of Pages: 221 | Category: Technology, Media and Telecommunications | Status: Published
Availability of massive amount of data is attributing to the growth of the market. The availability of massive amount of data from different data sources is one of the key reasons, which has fueled the growth of machine learning technology. This huge increase in amount of data growing exponentially year-on-year has resulted due to the proliferation of sensors measuring great quantity of data at different parameters. Similarly, with the advancement of IoT, which enabled internet connectivity to a diverse range of devices with embedded technology to communicate and interact with the external environment, the connected devices are increasing exponentially. These connected devices communicates and continuously generating mammoth amount of data every second.
Also, with the advancement in the computing and storage technology, the computing power has increased multi-fold during the last decade. This has created new capabilities for managing and computing the big sets of data and when coupled with machine learning technology, has delivered best insights to the businesses.
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Surging demand for machine learning is aligned with the progression in global market for Robotic Process Automation (RPA). This is majorly because, RPA along with other digital disruptors comprising of digital labor and advanced software automation is anticipated to significantly drive the new generation of Cloud based facilities that offer virtual workforce. Furthermore, the RPA-enabled machine learning are also expected to move the business services to labor elimination from large – scale and shared – scale labor reduction, accompanied by substantial cost reduction.
Based on solution, the machine learning market is segmented into software services. The software segment held the largest market share in 2016.
|Market Size Value in||US$ 1,582.9 Million in 2017|
|Market Size Value by||US$ 39,986.7 Million by 2025|
|Growth rate||CAGR of 49.7% from 2017-2025|
|No. of Pages||221|
|No. of Tables||42|
|No. of Charts & Figures||113|
|Historical data available||Yes|
|Segments covered||Services ; and Vertical|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Players operating in the machine learning market are mainly focused on the development of advanced and efficient products.
The List of Companies - Machine Learning Market
1. Amazon Web Services, Inc.
2. Fair Isaac Corporation
3. Google, Inc.
4. Hewlett Packard Enterprise
5. IBM Corporation
6. Microsoft Corporation
7. SAP SE
8. BigML, Inc.
10. SAS Institute Inc.