USD 24.13 bn growth in Machine Learning Market | 38.54% YOY growth achieved in 2021

The rising adoption of cloud-based choices shall be essential in driving the growth of the market through the forecast interval. Cloud-based options supply numerous advantages similar to decrease price of computing, scalability, reliability, and excessive useful resource availability. The adoption of cloud computing additionally eliminates the necessity for devoted IT help groups and reduces working prices. Many such advantages are rising the adoption of cloud-based options by way of as-a-service modes. These are driving the growth of the worldwide machine studying market.
In addition, the rising use of machine studying in buyer expertise administration and the rising use of machine studying in predictive analytics will propel market growth. However, components similar to scarcity of expert personnel, information privateness points and rules, and information integration points will hamper the market growth.Machine Learning Market: End-user Landscape
By end-users, the market is segmented by BFSI, retail, telecommunications, healthcare, and others.
The BFSI phase accounted for max income technology in the market.
The want for enhancing buyer relations, threat administration, workflows, and decision-making processes has elevated the investments in machine studying by BFSI corporations.
The market growth in the BFSI phase shall be vital through the forecast interval.
Machine Learning Market: Geographic Landscape
By geography, North America goes to have profitable growth through the forecast interval.
About 38% of the market’s total growth is anticipated to originate from North America.
The growth in information technology from industries similar to telecommunications, manufacturing, retail, and power has elevated the demand for machine studying options amongst companies in the area.
Also, the excessive integration of machine studying with large information and IoT for real-time predictions is contributing to the growth of the regional market.
The US is the important thing marketplace for machine studying in North America.
Market growth in this area shall be slower than the growth of the market in APAC.
Companies Covered:
Alibaba Group Holding Ltd.
Alphabet Inc.
Amazon.com Inc.
Cisco Systems Inc.
Hewlett Packard Enterprise Co.
International Business Machines Corp.
Microsoft Corp.
Salesforce.com Inc.
SAP SE
SAS Institute Inc.
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Machine Learning Market Scope

Report Coverage
Details

Page quantity
120

Base 12 months
2020

Forecast interval
2021-2025

Growth momentum & CAGR
Accelerate at a CAGR of 43.22%

Market growth 2021-2025
USD 24.13 billion

Market construction
Fragmented

YoY growth (%)
38.54

Regional evaluation
North America, Europe, APAC, MEA, and South America

Performing market contribution
North America at 38%

Key shopper international locations
US, China, UK, Germany, and Japan

Competitive panorama
Leading corporations, aggressive methods, shopper engagement scope

Companies profiled
Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc.

Market Dynamics
Parent market evaluation, Market growth inducers and obstacles, Fast-growing and slow-growing phase evaluation, COVID-19 impression and future shopper dynamics, market situation evaluation for the forecast interval.

Customization purview
If our report has not included the information that you’re in search of, you may attain out to our analysts and get segments personalized.

Table of Contents:Executive AbstractMarket Landscape
Market ecosystem
Value chain evaluation
Market Sizing
Market definition
Market phase evaluation
Market dimension 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Bargaining energy of consumers
Bargaining energy of suppliers
Threat of latest entrants
Threat of substitutes
Threat of rivalry
Market situation
Market Segmentation by End-user
Market segments
Comparison by End-user
BFSI – Market dimension and forecast 2020-2025
Retail – Market dimension and forecast 2020-2025
Telecommunications – Market dimension and forecast 2020-2025
Healthcare – Market dimension and forecast 2020-2025
Others – Market dimension and forecast 2020-2025
Market alternative by End-user
Customer panoramaGeographic Landscape
Geographic segmentation
Geographic comparability
North America – Market dimension and forecast 2020-2025
Europe – Market dimension and forecast 2020-2025
APAC – Market dimension and forecast 2020-2025
MEA – Market dimension and forecast 2020-2025
South America – Market dimension and forecast 2020-2025
Key main international locations
Market alternative by geography
Market drivers
Market challenges
Market traits
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors coated
Market positioning of distributors
Alibaba Group Holding Ltd.
Alphabet Inc.
Amazon.com Inc.
Cisco Systems Inc.
Hewlett Packard Enterprise Co.
International Business Machines Corp.
Microsoft Corp.
Salesforce.com Inc.
SAP SE
SAS Institute Inc.
Appendix
Scope of the report
Currency conversion charges for US$
Research methodology
List of abbreviations
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