Global Machine Learning Market Size, Share, and Trends Analysis Report, By Organization Size (Large Enterprises and Small and Medium Enterprises), By Deployment Mode (Cloud and On-Premises), By Vertical (Manufacturing, BFSI, Healthcare and Life Sciences, Retail, Telecom, Energy and Utilities, Government and Defense, and Others), Forecast (2022-2028)

The global machine learning market is anticipated to grow at a CAGR of 40% during the forecast period (2022-2028). Machine learning is a subfield of artificial intelligence, which is defined as the capability of a machine to imitate intelligent human behavior. Artificial intelligence (AI) systems are used to perform complex tasks in a way that is similar to how humans solve problems. Machine learning technology is used in a variety of circumstances in healthcare. It supports in detecting and diagnosing illnesses and conditions that are sometimes difficult to identify. With advancements in data science and AI, the performance of machine learning accelerating at a rapid pace. Machine learning may identify the hidden patterns in data by analyzing significant volumes of data using high-level algorithms. Machine learning may supplement or replace manual processes with automated systems utilizing statistically derived actions in critical processes. These are some others factors that are going to boost the growth of the global machine learning market.

 

Some major players in the market include IBM Corp., Microsoft Corp., and Oracle Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2022, Telecom giant AT&T Intellectual Property and AI Company H2O have collaborated and launched an AI feature store for enterprises. This delivers a repository for collaborating, sharing, reusing, and discovering machine learning features to speed AI project deployments and improve ROI. In April 2019, Microsoft Corp. created a platform that employs machine learning to assist deep learning-based algorithms in solving real-world problems.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Organization Size
  • By Deployment Mode
  • By Vertical
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- IBM Corp., Microsoft Corp., and Oracle Corp., among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?

 

Global Machine Learning Market Report by Segment

By Organization Size

• Small and Medium Enterprises
• Large Enterprises

By Deployment

• Cloud
• On-Premises

By Vertical

• Manufacturing
• BFSI
• Healthcare and Life Sciences
• Retail
• Telecom
• Energy and Utilities
• Government and Defense
• Others

Global Machine Learning Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa