Machine Learning Market Report 2023 (Global Edition)

Companies:	Microsoft Corporation , SAP SE , Intel Corporation , SAS Institute Inc. , Bigml Inc. , Google Inc. , Fair Isaac Corporation , Baidu Inc. , H2o.AI , Hewlett Packard Enterprise Development LP , Amazon Web Services Inc. , Domino Data Lab Inc. , Dataiku , Luminoso Technologies Inc. , TrademarkVision , IBM Corporation , KNIME.com AG , RapidMiner Inc. , Angoss Software Corporation , Alpine Data. , Others
Component:	Software , Services , Solution
Application:	Marketing & Advertising , Fraud Detection & Risk Management , Computer vision , Security & Surveillance , Predictive analytics , Natural Language Processing , Augmented & Virtual Reality , Others
Deployment Model:	Cloud-based , On-premise
Services:	Managed Service , Professional Services
Organization Size:	Large Enterprise , Small and Medium-Sized Enterprises
End-use Industry:	BFSI , Media and Entertainment , Automotive , Telecommunication , Retail and E-commerce , Education , Healthcare , Government and Defense , others
The base year for the calculation is 2023 and 2018 to 2022 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2023 to 2028. When we deliver the report that time we updated report data till the purchase date. Last Updated: 2023-05-24T09:40:39 SKU: CMR425979 Number of Pages: 250+ PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access. Report Format: PDF \| PPT \| Excel \| Word \| Bi Rating: 4.7 Review: 5

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Key Insights from Machine Learning Market Report

As per Cognitive Market Research's latest published report, the Global Machine Learning market size was USD 24,345.76 million in 2021 and it is forecasted to reach USD 206,235.41 million by 2028. Machine Learning Industry's Compound Annual Growth Rate will be 42.64% from 2023 to 2030.

Preview of Global Machine Learning Market Revenue

Machine Learning Industry Statistics

Global Machine Learning Market Sales Revenue 2021	$ 24345.8 Million
Global Machine Learning Market Sales Revenue 2028	$ 206235 Million
Global Machine Learning Market Compound Annual Growth Rate (CAGR) for 2023 to 2030	42.64%

Machine Learning Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Machine Learning Market Report Description

What is Machine Learning?

Machine learning (ML) is a subdivision of artificial intelligence (AI). It is a method of data analysis that teaches computers to learn from algorithms and data, quickly mimicking the way humans learn. The technique focuses primarily on developing a program that can access data and use it to learn for itself. Machine learning enables machines to learn directly from data, experience, and examples. Additionally, machine learning offers enormous potential, from wearable data-driven gadgets that track health and fitness goals to self-driving cars and "smart cities" with infrastructure that automatically reduces wasted time and energy.

What is Driving Machine Learning Market?

COVID-19 Impact:

Similar to other industries, the covid-19 situation has affected the machine learning industry. Despite the dire conditions and uncertain collapse, some industries have continued to grow during the pandemic. During covid 19, the machine learning market remains stable with positive growth and opportunities. The global machine learning market faces minimal impact compared to some other industries.The growth of the global machine learning market has stagnated owing to automation developments and technological advancements. Pre-owned machines and smartphones widely used for remote work are leading to positive growth of the market. Several industries have transplanted the market progress using new technologies of machine learning systems.
June 2020, DeCaprio et al. Published COVID-19 pandemic risk research is still in its early stages. In the report, DeCaprio et al. mentions that it has used machine learning to build an initial vulnerability index for the coronavirus. The lab further noted that as more data and results from ongoing research become available, it will be able to see more practical applications of machine learning in predicting infection risk.

Machine Learning Market Drivers:

Growing use of the technology and automation is a major factor is expected to drive the growth of the global machine learning market. Increasing need of machine learning from the media and entertainment, automobiles, IT and telecommunications, education, and other government and non-government sectors are factors driving the growth of the global machine learning market over the forecast period.
In October 2022, Bharat Electronics (BEL) announced the signing of an agreement with Meslova to develop products and services in artificial intelligence and machine learning to develop air defense (AD) systems and platforms for the armed forces. Meslova uses artificial intelligence to develop domain-specific products and applications for some of the largest governments and corporations.
Increasing technology advancements to higher accuracy of systems coupled with demand of various system based on machine learning such as voice recognition systems, image recognition system and recommender systems which is expected to support the growth in the near future. Furthermore, introduction of self-driving automobiles and significant expenditures in AI is another factor expected to fuel the growth of the global market over the forecast year.

Machine Learning Market: Restraints

The lack of skilled and experienced employees in the machine learning is a major factor expected to decline growth of the target market to a certain extent. In addition, network hardware issues, delicate data security, and ethical allegations in the algorithms is expected to hamper growth of the potential market in the near future. However, the high deployment cost is another factor that could pose as a hindrance in the growth of global market.

Machine Learning Market: Opportunities

During covid 19, industries and organizations in almost all regions are using remote working and working from home. It increases the use of machines, smartphones and other technological devices. Schools, colleges, government and non-government sectors are using machines developed by AI systems.
Therefore, according to the machine learning market forecast report, the technology and machine learning are in high demand and will increase in the future. Organizations and other organizational sectors are investing more in building A-based technologies to benefit the global market. These are the major machine learning market opportunities to watch during the forecast period.

Machine Learning Market Report 2023 (Global Edition) Table of Content differs according to the user License selection. Current Displayed TOC is for the Single User License Report Edition. TOC Customization options: Add or Remove section/s Or chapter/s from the report. Specific section/s of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

This chapter helps you to understand the importance of report and how we designed the report scope of Machine Learning market. As per your requirement we can also design the market scope as a customised report.

Chapter 1 Industrial Insight and Market Scope

1.1 Global Machine Learning Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
- 1.5.1 Machine Learning Market Segmentation
- 1.5.1 Machine Learning Market Regional Fragmentation
- 1.5.1 Machine Learning Market Players
1.6 Report Duration
1.7 List of Stakeholders

This chapter provides insights on our data collection and data validation process. It covers detailed information on wide range of sources referred during the study.

Chapter 2 Research Methodology Review Complete Research Methodology

2.1 Machine Learning Market Report 2023 Research Methodology
2.2 Systematic Research Approach
- 2.2.1 Primary Research
  - 2.2.1.1 Key Data from Primary
  - 2.2.1.2 Primary Interviews with Experts
  - 2.2.1.3 Key Industry Insights
  - 2.2.1.4 Questionnaire
    
    At Cognitive Market Research, we have designed questionnaire focused on Machine Learning Market for the statistical study. This questionnaire is the key part of our research methodology which is shared with number of Machine Learning industry experts of entire value chain, located across the globe. This study help us to gather accurate quantitative and qualitative data for the final report.
  - 2.2.1.5 Breakdown of Primaries
- 2.2.2 Secondary Research
  - 2.2.2.1 Key Data from Secondary
  - 2.2.2.2 Paid Sources
  - 2.2.2.3 Public Sources
2.3 Market Size Estimation
- 2.3.1 Top-Down Approach
  - 2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
- 2.3.1 Bottom-UP Approach
  - 2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

The executive summary is an overview of a Machine Learning Market Report. In this chapter we have summarized the overall report data in snapshot format.

Chapter 3 Executive Summary of Machine Learning Market

3.1 Global Machine Learning Market Size 2018 – 2030, (USD Million)
3.2 Global Machine Learning Value, Absolute & Opportunity Analysis
3.3 Global Machine Learning Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
3.4 Global Machine Learning Market Statistics 2022: Snapshot

This chapters incorporated product description overview and regional sales statistics for the year 2018-2030.

Chapter 4 Global Machine Learning Market Overview

4.1 Machine Learning Introduction
4.2 Global Machine Learning Market Statistics by Regions (2018-2030)
- 4.2.1 North America Machine Learning Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.2 Europe Machine Learning Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.3 Asia Pacific Machine Learning Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.4 Latin America Machine Learning Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
- 4.2.5 Middle East and Africa Machine Learning Market Share, Status and Prospect (2018 - 2030) and Value, Absolute & Opportunity Analysis
4.3 Global Machine Learning Market Size (2018-2030)
- 4.3.1 Global Machine Learning Revenue Status and Outlook (2018-2030)
4.4 Global Machine Learning Market Price Analysis by Regions (2018-2030)

This chapter covers a competitive analysis of the global Machine Learning market, and it includes quantitative information such as revenue and market share of the manufacturers. The chapter also includes information regarding the strategies adopted by the manufacturers such as mergers, acquisitions, and new product launches.

Chapter 5 Competitive Analysis (Subject to Availability)

5.1 Global Machine Learning Market Revenue and Share by Manufacturers (2018-2022)
5.2 Global Machine Learning Industry Mergers and Acquisition Analysis
5.3 Global Machine Learning New Launches Analysis
5.4 Company Categorization
5.5 Global Machine Learning Top Winning Strategies, by Manufacturers (2018-2022)

ESG analysis is the consideration of all factors in investment including environmental, social, and governance (ESG) factors. ESG integration is key part of the investment process. ESG analysis helps to measure company’s goals and progress when it comes to climate change, social improvement and good governance.

Chapter 6 Environmental, Social, and Governance (ESG) Analysis

6.1 Overall Company’s Disclosure Score

This chapter helps you understand the Market Drivers, Market Restrain, Market Opportunity and Trends by each segment.

Chapter 7 Qualitative Analysis

7.1 Machine Learning Industrial Dynamics
- 7.1.1 Global Machine Learning Market Drivers
- 7.1.2 Global Machine Learning Market Restrains
- 7.1.3 Global Machine Learning Market Opportunities
- 7.1.4 Global Machine Learning Market Trends
7.2 Machine Learning Market Attractiveness Analysis
- 7.1.1 Market Attractiveness Analysis by Type Segment
- 7.1.2 Market Attractiveness Analysis by Application Segment
7.3 PESTEL Analysis for Machine Learning Market
- 7.3.1 Political Factors
- 7.3.2 Economic Factors
- 7.3.3 Social Factors
- 7.3.4 Technological Factors
- 7.3.5 Legal Factors
- 7.3.6 Environmental Factors
7.4 Porter’s Five Forces Analysis for Machine Learning Market
- 7.4.1 Bargaining Power of Suppliers
- 7.4.2 Bargaining Power of Buyers
- 7.4.3 Threat of Substitutes
- 7.4.4 Threat of New Entrants
- 7.4.5 Degree of Competition
7.5 COVID-19 Impact on Machine Learning Industry
- 7.4.1 Overall Impact of COVID-19 on Machine Learning Industry
- 7.4.2 Post COVID-19 Impact and Recovery Analysis
- 7.4.3 Influencing Factors
7.6 Consumer Preference Analysis for Machine Learning Market
7.7 Patent Analysis of Machine Learning
7.8 Machine Learning Industrial Chain Analysis
7.9 Manufacturing Cost Analysis

This segment of the report provides in-depth and pertinent information on every foremost player in the market through both primary and secondary research. The Company Basic Information, and Sales Area chapter includes ten or more key players, which are dominating the market. Each company profile includes demystifying professional information in a tabular format, which comprises the company’s official website, established year, market position, geographical presence, competitors, and contact information. Further, company profiling includes an in-detailed business overview, COVID-19 impact on the particular firm, product type specifications, revenue & market share, and recent developments done by the company for its inorganic development, such as mergers, strategic acquisitions, partnerships, and others. Besides, profiling includes the company’s investment in research and development activities. The recent innovative product launches, business expansion, investments done by the company in different markets, and other news are also available in the company profiling section. At last, it provides the company’s business strategy and SWOT analysis.

Chapter 8 Company Profiling (Subject to Availability)

This chapter covers in-detailed insights regarding type segments to understand consumer interests and provide a revenue stream for each type. Type segment analysis help in making a better business decision to maximize profitability by focusing resources on those market type that are relatively favorable to their goals.

Chapter 9 Global Machine Learning Market by Component Segmentation Analysis (2018-2030)

9.1 Detailed Qualitative Analysis
9.2 Global Machine Learning Revenue and Share (%) by Component (2018-2030)
- 9.2.1 Software Market Size
  - 9.2.1.1 Global Software Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.1.2 Machine Learning Market for Software , by Country (2021 Vs 2024)
- 9.2.2 Services Market Size
  - 9.2.2.1 Global Services Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.2.2 Machine Learning Market for Services , by Country (2021 Vs 2024)
- 9.2.3 Solution Market Size
  - 9.2.3.1 Global Solution Market Share and Revenue (USD Million) for 2018-2030
  - 9.2.3.2 Machine Learning Market for Solution, by Country (2021 Vs 2024)

Chapter 10 Global Machine Learning Market by Application Segmentation Analysis (2018-2030)

10.1 Detailed Qualitative Analysis
10.2 Global Machine Learning Revenue and Share (%) by Application (2018-2030)
- 10.2.1 Marketing & Advertising Market Size
  - 10.2.1.1 Global Marketing & Advertising Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.1.2 Machine Learning Market for Marketing & Advertising , by Country (2021 Vs 2024)
- 10.2.2 Fraud Detection & Risk Management Market Size
  - 10.2.2.1 Global Fraud Detection & Risk Management Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.2.2 Machine Learning Market for Fraud Detection & Risk Management , by Country (2021 Vs 2024)
- 10.2.3 Computer vision Market Size
  - 10.2.3.1 Global Computer vision Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.3.2 Machine Learning Market for Computer vision , by Country (2021 Vs 2024)
- 10.2.4 Security & Surveillance Market Size
  - 10.2.4.1 Global Security & Surveillance Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.4.2 Machine Learning Market for Security & Surveillance , by Country (2021 Vs 2024)
- 10.2.5 Predictive analytics Market Size
  - 10.2.5.1 Global Predictive analytics Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.5.2 Machine Learning Market for Predictive analytics , by Country (2021 Vs 2024)
- 10.2.6 Natural Language Processing Market Size
  - 10.2.6.1 Global Natural Language Processing Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.6.2 Machine Learning Market for Natural Language Processing , by Country (2021 Vs 2024)
- 10.2.7 Augmented & Virtual Reality Market Size
  - 10.2.7.1 Global Augmented & Virtual Reality Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.7.2 Machine Learning Market for Augmented & Virtual Reality , by Country (2021 Vs 2024)
- 10.2.8 Others Market Size
  - 10.2.8.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
  - 10.2.8.2 Machine Learning Market for Others, by Country (2021 Vs 2024)

Chapter 11 Global Machine Learning Market by Deployment Model Segmentation Analysis (2018-2030)

11.1 Detailed Qualitative Analysis
11.2 Global Machine Learning Revenue and Share (%) by Deployment Model (2018-2030)
- 11.2.1 Cloud-based Market Size
  - 11.2.1.1 Global Cloud-based Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.1.2 Machine Learning Market for Cloud-based , by Country (2021 Vs 2024)
- 11.2.2 On-premise Market Size
  - 11.2.2.1 Global On-premise Market Share and Revenue (USD Million) for 2018-2030
  - 11.2.2.2 Machine Learning Market for On-premise, by Country (2021 Vs 2024)

Chapter 12 Global Machine Learning Market by Services Segmentation Analysis (2018-2030)

12.1 Detailed Qualitative Analysis
12.2 Global Machine Learning Revenue and Share (%) by Services (2018-2030)
- 12.2.1 Managed Service Market Size
  - 12.2.1.1 Global Managed Service Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.1.2 Machine Learning Market for Managed Service , by Country (2021 Vs 2024)
- 12.2.2 Professional Services Market Size
  - 12.2.2.1 Global Professional Services Market Share and Revenue (USD Million) for 2018-2030
  - 12.2.2.2 Machine Learning Market for Professional Services, by Country (2021 Vs 2024)

Chapter 13 Global Machine Learning Market by Organization Size Segmentation Analysis (2018-2030)

13.1 Detailed Qualitative Analysis
13.2 Global Machine Learning Revenue and Share (%) by Organization Size (2018-2030)
- 13.2.1 Large Enterprise Market Size
  - 13.2.1.1 Global Large Enterprise Market Share and Revenue (USD Million) for 2018-2030
  - 13.2.1.2 Machine Learning Market for Large Enterprise , by Country (2021 Vs 2024)
- 13.2.2 Small and Medium-Sized Enterprises Market Size
  - 13.2.2.1 Global Small and Medium-Sized Enterprises Market Share and Revenue (USD Million) for 2018-2030
  - 13.2.2.2 Machine Learning Market for Small and Medium-Sized Enterprises, by Country (2021 Vs 2024)

Chapter 14 Global Machine Learning Market by End-use Industry Segmentation Analysis (2018-2030)

14.1 Detailed Qualitative Analysis
14.2 Global Machine Learning Revenue and Share (%) by End-use Industry (2018-2030)
- 14.2.1 BFSI Market Size
  - 14.2.1.1 Global BFSI Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.1.2 Machine Learning Market for BFSI , by Country (2021 Vs 2024)
- 14.2.2 Media and Entertainment Market Size
  - 14.2.2.1 Global Media and Entertainment Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.2.2 Machine Learning Market for Media and Entertainment , by Country (2021 Vs 2024)
- 14.2.3 Automotive Market Size
  - 14.2.3.1 Global Automotive Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.3.2 Machine Learning Market for Automotive , by Country (2021 Vs 2024)
- 14.2.4 Telecommunication Market Size
  - 14.2.4.1 Global Telecommunication Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.4.2 Machine Learning Market for Telecommunication , by Country (2021 Vs 2024)
- 14.2.5 Retail and E-commerce Market Size
  - 14.2.5.1 Global Retail and E-commerce Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.5.2 Machine Learning Market for Retail and E-commerce , by Country (2021 Vs 2024)
- 14.2.6 Education Market Size
  - 14.2.6.1 Global Education Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.6.2 Machine Learning Market for Education , by Country (2021 Vs 2024)
- 14.2.7 Healthcare Market Size
  - 14.2.7.1 Global Healthcare Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.7.2 Machine Learning Market for Healthcare , by Country (2021 Vs 2024)
- 14.2.8 Government and Defense Market Size
  - 14.2.8.1 Global Government and Defense Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.8.2 Machine Learning Market for Government and Defense , by Country (2021 Vs 2024)
- 14.2.9 others Market Size
  - 14.2.9.1 Global others Market Share and Revenue (USD Million) for 2018-2030
  - 14.2.9.2 Machine Learning Market for others, by Country (2021 Vs 2024)

This chapter categorizes detailed perceptions into an application segment based on end users’ needs, and preferences to understand their requirements and purchasing patterns effectively. It analyzes the current trends of the market that mainly consists of information related to new product use, trends in consumer demand, and available close substitutes of the product.

Chapter 15 Global Machine Learning Market Regional Analysis

15.1 Detailed Qualitative Analysis
15.2 Global Machine Learning Market Revenue by Region (2018-2030)
15.2 Global Machine Learning Market Share (%) by Region (2018-2030)

Chapter 16 North America Machine Learning Market Outlook (2018 - 2030)

Chapter 17 Europe Machine Learning Market Outlook (2018 - 2030)

Chapter 18 Asia Pacific Machine Learning Market Outlook (2018 - 2030)

Chapter 19 Latin America Machine Learning Market Outlook (2018 - 2030)

Chapter 20 Middle East and Africa Machine Learning Market Outlook (2018 - 2030)

This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Machine Learning market

Chapter 21 Research Findings

21.1 Key Takeaways
21.2 Analyst Point of View

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Segmentation Level Customization	Additional Segments and Sub Segment Cross-split Segments of Machine Learning Additional Countries Granular data
Global level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Region level Data Customization	Sales Volume Production Production Capacity Pricing Analysis of Product
Country level Data Customization	Sales Volume Production Production Capacity Segment Analysis on Country level is also available (On request) Pricing Analysis of Product
Company Level	Company Market Share on Regional Level/ Country Level Company Sales Volume Company Production Volume Company Production Capacity Company Specific Distributors Manufacturing Process by different manufacturers Global/ Regional/ Country level Major Distributors Additional Competitors Analysis of your choice Tier 1 tier 2 tier 3 start ups.... Manufacturers Market Concentration Ratio Industry benchmarking
Additional Data Analysis	Surveys/polls Value Chain Analysis Raw Material Analysis Price Trend Analysis Supplier/Distributor List Market Economic Supply Demand Gap Analysis Customer Sentiment Analysis Stock Price Prediction Analysis Stock Performance Correlation Analysis Patent Analysis Technology Development Analysis Merger and Acquistion Consulting Top Winning Strategies / Strategic Benchmarkeing Heat Map Analysis ESG Analysis Product life cycle Customer buying behavior and decision-making process Marketing Mix Analysis Product Launch Strategy Building
Additional Qualitative Data	Pipeline Products Market Trends Industry Events and Developments Sales Key Indicators Risk Analysis Regulatory Landscape Customer Sentiment Analysis R&D landscape Market Entry / Exit Consulting Identifying New Application/End Use
Additional Quantitative Data	Import Data Export Data Quarterly Revenue (Q1,Q2,Q3,Q4) Forecast Period Extension: 2023 to 2033 Historical Period Data Available: 2011 to 2022 IPO prospectus
Service Level Customization	Quarterly Report Updates (Q1,Q2,Q3,Q4) Annual Report Updates (Subscribe 1/2/3/4/...Years) Exclusive Report Delivery (NDA) Dedicated Research Analyst Support (Email, Calls, Interview) Data Support (Unlimited Time Period) Machine Learning Database Subscription (Full Access)
Report Format Alteration	Quarterly Revenue (Q1,Q2,Q3,Q4) Revenue in USD ($)/Euro (€)/Pound (£)/Yen (¥)/etc Translation Rights and Multi Language Report Editions Average FOB Price/Average Selling Price

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Machine Learning Market Analysis

Global Machine Learning Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Machine Learning Industry growth. Machine Learning market has been segmented with the help of its Component, Application Deployment Model, and others. Machine Learning market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Machine Learning industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Software with Application, Deployment Model, additional country analysis, volume/consumption data, etc.

Machine Learning Market Report Scope

Major Component Analysed	Software Services Solution
Major Application Analysed	Marketing & Advertising Fraud Detection & Risk Management Computer vision Security & Surveillance Predictive analytics Natural Language Processing Augmented & Virtual Reality Others
Major Deployment Model Analysed	Cloud-based , On-premise
Major Services Analysed	Managed Service , Professional Services
Major Organization Size Analysed	Large Enterprise , Small and Medium-Sized Enterprises
Major End-use Industry Analysed	BFSI , Media and Entertainment , Automotive , Telecommunication , Retail and E-commerce , Education , Healthcare , Government and Defense , others
Top Manufacturers Disclosed	Microsoft Corporation SAP SE Intel Corporation SAS Institute Inc. Bigml Inc. Google Inc. Fair Isaac Corporation Baidu Inc. H2o.AI Hewlett Packard Enterprise Development LP Amazon Web Services Inc. Domino Data Lab Inc. Dataiku Luminoso Technologies Inc. TrademarkVision IBM Corporation KNIME.com AG RapidMiner Inc. Angoss Software Corporation Alpine Data. Others Confidential Data Access The Paid Version Data Hidden List of 2nd tier, 3rd tier and new players (data available) Please Note: Not all players are disclosed \| Listed In No particular Order due to Data Confidentiality
Global, Regional and Country Analysis	North America (United States, Canada, Mexico) Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium) Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC) South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America) Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Key Qualitative Information Covered	Drivers Restraints Opportunities COVID-19 Impact Analysis Key Trends Technological Advancement

By Component, the Software was largest segment with a 64.23% share of total Machine Learning Market generated in 2021!

Based on component, software and services are the segments of the global machine learning market. Software segment is expected to register highest revenue share in the global machine learning market. This is attributed to cut down workload and time by automating several tasks and widespread applications in customer interaction, more reliable in data handling.

Software
Services
Solution

Machine Learning Market Share (%) by Component in 2018-2030

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Machine Learning Industry. Request a Free Sample PDF!

By Application, Marketing & Advertising was the leading segment with a 23.45% share of total Machine Learning Market in 2021!

Based on application, the market is segmented into Marketing & Advertising, Fraud Detection & Risk Management, Computer vision, Security & Surveillance, Predictive analytics, Natural Language Processing, Augmented & Virtual Reality and Others.

Marketing & Advertising
Fraud Detection & Risk Management
Computer vision
Security & Surveillance
Predictive analytics
Natural Language Processing
Augmented & Virtual Reality
Others

Machine Learning Market Share (%) by Application in 2018-2030

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Machine Learning market report 2023 Edition by contacting our team.

Machine Learning Deployment Model Segment Analysis

In terms of revenue, Cloud-based was the leading segment with 68.36% share of total Machine Learning market.

Based on deployment model, the market is segmented into cloud-based and on-premise. The cloud-based segment is expected to register highest growth of the global market in terms of revenue. This growth is primarily attributed to flexibility, automatic software upgrades, disaster management via cloud-based backup systems, and enhanced efficiency.

Cloud-based
On-premise

Machine Learning Services Segment Analysis

In terms of revenue, Professional Services was the leading segment with 71.65% share of total Machine Learning market.

Based on Services, the market is segmented into managed service and professional services. The professional services segment is expected to register highest share in the global market, due to increasing deployment of machine learning solution.

Managed Service
Professional Services

Machine Learning Organization Size Segment Analysis

In terms of revenue, Large Enterprise was the leading segment with 66.34% share of total Machine Learning market in 2021

Based on organization size, the global machine learning market is segmented into large enterprise and small and medium-sized Enterprises. Large enterprises segment accounted for the largest revenue share where as small and medium-sized enterprises segment is expected to register a steady revenue growth rate during the forecast period.

Large Enterprise
Small and Medium-Sized Enterprises

Machine Learning End-use Industry Segment Analysis

In terms of revenue, Automotive was the leading segment with 24.35% share of total Machine Learning market in 2021

Based on end-use industry, the global machine learning market is segmented into BFSI, Media and Entertainment, Automotive, Telecommunication, Retail and E-commerce, Education, Healthcare, Government and Defense and others. Automotive segment accounted for the largest revenue share in the global machine learning market, due to machine learning is being used in self-driving cars. The BFSI segment is expected to register a steady revenue growth rate during the forecast period. Algorithmic trading, portfolio management, loan underwriting, and, most critically, fraud detection are all popular uses of machine learning in the BFSI business.

BFSI
Media and Entertainment
Automotive
Telecommunication
Retail and E-commerce
Education
Healthcare
Government and Defense
others

The North America Machine Learning Market dominates the overall market:

North America dominates the global machine learning market in terms of revenue contribution and is expected to maintain its dominance over the forecast period. This dominance can be attributed to presence of major vendors, early adoption of machine learning technology, and increasing number of machine learning start-ups in this region. Moreover, rising adoption of machine learning in the defence sector and technical developments in the telecommunications sector in various countries in this region.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

North America (United States, Canada, Mexico)
Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Machine Learning Market Share (%) by Region (2018-2030)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Machine Learning Industry News:

Amazon.com, Inc. and Stellantis N.V. collaborated to introduce customer-centric connected experiences.

In January 2022, Amazon.com, Inc. and Stellantis N.V. partnered to introduce customer-centric connected experiences in millions of vehicles to help accelerate Stellantis' software transformation. The agreement is expected to transform the in-car experience for Stellantis customers and facilitate the software transition to a sustainable future defined by the car.

Google Cloud launches Vertex AI, a platform with all the ML tools you need

In May 2021, Google Cloud launched Vertex AI, a new managed machine learning platform. The platform will make it easier to deploy and maintain Google's AI models. According to the company, it takes 80% fewer lines of code to train a model in Vertex than some competing platforms.

Top Companies Market Share in Machine Learning Industry: (In no particular order of Rank)

Microsoft Corporation
SAP SE
Intel Corporation
SAS Institute Inc.
Bigml Inc.
Google Inc.
Fair Isaac Corporation
Baidu Inc.
H2o.AI
Hewlett Packard Enterprise Development LP
Amazon Web Services Inc.
Domino Data Lab Inc.
Dataiku
Luminoso Technologies Inc.
TrademarkVision
IBM Corporation
KNIME.com AG
RapidMiner Inc.
Angoss Software Corporation
Alpine Data.
Others
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Author's Conclusion

Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.

The Global Machine Learning Market is witnessing significant growth in the near future.

In 2022, the Software segment accounted for noticeable share of global Machine Learning Market and is projected to experience significant growth in the near future.

The Marketing & Advertising segment is expected to expand at the significant CAGR retaining position throughout the forecast period.

Some of the key companies Microsoft Corporation , Intel Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.

Author's Detail

Supriya R Ghadge, LinkedIn

Senior Research Analyst at Cognitive Market Research

I am working as a Senior Research Analyst, mainly involved in conducting market research in the Information and Communication, and Technology domain. Skilled in Secondary Research, Primary Research, Data Analytics Research approaches with extensive experience providing first-class results. Highly focused, have analytical skills, and synergetic with positive energizers. Meets job demands and deadlines through diligent work-ethic and dedication to quality. Works with clients to determine requirements and provide excellent service.

Research Methodology Implemented by Author

1.1 Primary Research for Machine Learning Market
- 1.1.1 Modes of Primary Research:
1.2 Secondary Research for Machine Learning Market
1.3 Market Estimation for Machine Learning Market
1.4 Data Triangulation for Machine Learning Market
1.5 Questionnaire for Machine Learning Market

Preview Full Research Methodology

Key Questions Answered By Machine Learning Market Report 2023

Why Software have a significant impact on Machine Learning market?

What are the key factors affecting the Software and Services of Machine Learning Market?

What is the CAGR/Growth Rate of Marketing & Advertising during the forecast period?

By type, which segment accounted for largest share of the global Machine Learning Market?

Which region is expected to dominate the global Machine Learning Market within the forecast period?

Frequently Asked Questions (FAQs)

Which key factors will influence Machine Learning Market growth over 2022-2029?

Increasing adoption of machine learning technology in various end-use industries such as healthcare, automotive, retail, and manufacturing, among others plays an important role in market growth.

What will be the value of the Machine Learning Market during 2022-2029?

According to the report, the global Machine Learning Market size was worth USD 24,345.76 million in 2021 and is estimated to grow to USD 206,235.41 million by 2028, with a compound annual growth rate (CAGR) of approximately 42.64 percent over the forecast period.

Which region will contribute notably towards the Machine Learning Market value?

North America is projected to continue to lead the market throughout the forecasted period as a result of the expanding industry.

Which are the major players leveraging the Machine Learning Market growth?

Some of the main competitors dominating the global Machine Learning Market include – Amazon Web Services, Inc., Baidu, Inc., Domino Data Lab, Inc., Microsoft Corporation, Luminoso Technologies, Inc.

Measures to Explore Untapped Market
Understanding Market Dynamics
Understanding Changing Economics
Competitors Market Share
Global/Region/Country Level Analysis
Identify Upcoming End Use Industries
Global Price Trend Analysis

Value Chain Analysis
Customer Sentiment/Need Analysis
Identification of Key Growth Segments
Industry Upstream and Downstream Analysis
Raw Material Sourcing and Cost Analysis
Identify Key Customers Across Globe
Concept Development and Market Testing
Merger-Acquisition Strategy

Reasons to Purchase the Machine Learning Market Report 2023 (Global Edition)?

The research study and report are been made exclusively for an institution or person who is strategizing to build a business or strategically wants to expand certain portfolio.
This report will help in analyzing complete market scenario across the globe who wish to expand their current business or is willing to invest in some profitable sector.

This report will prove beneficial for person or an organization who wish to be updated regarding their business environment, consumers’ behaviour, and their requirements. The environment is constantly changing, and in such scenario, this report will help in understanding market parameters through 360-degree view.
The report is thus ideal for KOL, CEO's, CFO's, directors, and others. It is also helpful to senior executives, business development managers, marketing managers, and consultants. Furthermore, government bodies, agencies and other kind of organizations can also leverage our report to understand market.

Objective of Publishing Machine Learning Market Report 2023

Our objective for the Machine Learning market is to help in making imperative business decisions, securing investments, determining new business opportunities in the market. Further, the report helps to analyze overall marketing needs of customers, and avoid business failures.
To know the potential market size and growth rate before launching a new product line. The report in a way helps in designing R&D budget wisely by estimating maximum total profit.

To identify the Machine Learning market dynamics, industrial insights, and economic progression for critical information about the market conditions and specific business landscape.
To assess the overall competitive landscape of a particular business sector and to provide complete analysis in regards with various external factors impacting the market growth.
To create a strong foundation for building a strategy and foster insight into market conditions so that market players can make better business decisions. Besides, we aim to provide a complete portfolio of the major players involved the market.
To define the scope which will further help in creating new products that will surpass the gap between current offerings and customers’ needs.
To help in revealing significant clues concerning buying habits, regional culture, lifestyle, and population density that plays an integral role in shaping market behavior.
To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market.

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We provide market revenue share not only for Public listed companies but also the privately listed companies.

Country Analysis: The Country level market split analysis is part of the report hence the data granularity is provided.
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Machine Learning Market Report 2023 (Global Edition)

Key Insights from Machine Learning Market Report

Machine Learning Market Report Description

What is Machine Learning?

What is Driving Machine Learning Market?

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

Machine Learning Market Analysis

By Component, the Software was largest segment with a 64.23% share of total Machine Learning Market generated in 2021!

Machine Learning Market Share (%) by Component in 2018-2030

By Application, Marketing & Advertising was the leading segment with a 23.45% share of total Machine Learning Market in 2021!

Machine Learning Market Share (%) by Application in 2018-2030

Machine Learning Deployment Model Segment Analysis

Machine Learning Services Segment Analysis

Machine Learning Organization Size Segment Analysis

Machine Learning End-use Industry Segment Analysis

The North America Machine Learning Market dominates the overall market:

Machine Learning Market Share (%) by Region (2018-2030)

Machine Learning Industry News:

Author's Conclusion

Author's Detail

Research Methodology Implemented by Author

Key Questions Answered By Machine Learning Market Report 2023

Frequently Asked Questions (FAQs)

Related Reports

Predictive Analytics Market

Risk Analytics Market

Recommendation Engine Market

Machine Learning as a Service Market

Emotion Detection and Recognition Market

Machine Learning Market Insights Video

How to Purchase the Full Report Access of Machine Learning Market Report 2023

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Machine Learning Market Report 2023 (Global Edition)

Key Insights from Machine Learning Market Report

Machine Learning Market Report Description

What is Machine Learning?

What is Driving Machine Learning Market?

Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)

Machine Learning Market Analysis

By Component, the Software was largest segment with a 64.23% share of total Machine Learning Market generated in 2021!

Machine Learning Market Share (%) by Component in 2018-2030

By Application, Marketing & Advertising was the leading segment with a 23.45% share of total Machine Learning Market in 2021!

Machine Learning Market Share (%) by Application in 2018-2030

Machine Learning Deployment Model Segment Analysis

Machine Learning Services Segment Analysis

Machine Learning Organization Size Segment Analysis

Machine Learning End-use Industry Segment Analysis

The North America Machine Learning Market dominates the overall market:

Machine Learning Market Share (%) by Region (2018-2030)

Machine Learning Industry News:

Author's Conclusion

Author's Detail

Research Methodology Implemented by Author

Key Questions Answered By Machine Learning Market Report 2023

Frequently Asked Questions (FAQs)

Related Reports

Predictive Analytics Market

Risk Analytics Market

Recommendation Engine Market

Machine Learning as a Service Market

Emotion Detection and Recognition Market

Machine Learning Market Insights Video

How to Purchase the Full Report Access of Machine Learning Market Report 2023

NEED ASSISTANCE?

WRITE AN EMAIL

CALL US

Request Sample

Report Type