Machine learning is the study of statistical models and algorithms used by computers to perform without the using clear instructions. It is similar to computational statistics that stresses on making estimations with the help of computers. It includes several things, such as images, numbers, words, clicks, and more. In short, machine learning is a process that controls numerous applications like YouTube, Netflix, Spotify, few search engines like Baidu and Google, voice assistants like Alexa and Siri, and social media like Twitter and Facebook.
In recent times, the machine learning market has gained importance due to the presence of large data sets and the need to process this data and obtain insights from it. The global machine learning market is driven by the availability of robust data sets and the adoption of machine learning techniques in modern applications. Security concerns, implementation challenges, lack of skilled data scientists, and data inaccessibility are some of the factors that may restrain the machine learning market to a certain extent.
Major Key Players of the Machine Learning Market are:
Intel, H2O.ai, Amazon Web Services, Hewlett Packard Enterprise Development LP, IBM, Google LLC, Microsoft, SAS Institute Inc., SAP SE, and BigML, Inc., among others.
Read More @ http://www.sbwire.com/press-releases/machine-learning-market-exploring-future-growth-2019-2030-and-key-players-intel-h2oai-amazon-web-services-1280977.htm
In recent times, the machine learning market has gained importance due to the presence of large data sets and the need to process this data and obtain insights from it. The global machine learning market is driven by the availability of robust data sets and the adoption of machine learning techniques in modern applications. Security concerns, implementation challenges, lack of skilled data scientists, and data inaccessibility are some of the factors that may restrain the machine learning market to a certain extent.
Major Key Players of the Machine Learning Market are:
Intel, H2O.ai, Amazon Web Services, Hewlett Packard Enterprise Development LP, IBM, Google LLC, Microsoft, SAS Institute Inc., SAP SE, and BigML, Inc., among others.
Read More @ http://www.sbwire.com/press-releases/machine-learning-market-exploring-future-growth-2019-2030-and-key-players-intel-h2oai-amazon-web-services-1280977.htm
The deployment mode segment can be classified into the cloud and on-premise. The cloud deployment segment is expected to account for the largest market share and the highest CAGR over the forecast period. Automated software updates, recovery of data through backup systems and data loss prevention with robust cloud storage facilities, among others are some of the factors that resulted in the adoption of cloud-based delivery models for machine learning solutions & services.
The enterprise segment size can be classified into Small & Medium-sized Enterprises (SMEs) and large enterprises. The large enterprise segment is anticipated to account for the largest market share and the SME segment is expected to grow at the highest CAGR during the forecast period. Large enterprises have been adopting machine learning to extract the required information from a large amount of data and predict the outcome of different problems. Increasing digitization and rising security threats to critical business information and data has led to adoption of machine learning solutions by organizations. Moreover, rapidly evolving and highly active SMEs have increased the adoption of machine learning technologies and services globally.
Major Applications of Machine Learning Market covered are:
Healthcare & Life Sciences
Manufacturing, Retail
Telecommunications
Government and Defense
BFSI (Banking, financial services, and insurance)
Energy and Utilities and Others
The enterprise segment size can be classified into Small & Medium-sized Enterprises (SMEs) and large enterprises. The large enterprise segment is anticipated to account for the largest market share and the SME segment is expected to grow at the highest CAGR during the forecast period. Large enterprises have been adopting machine learning to extract the required information from a large amount of data and predict the outcome of different problems. Increasing digitization and rising security threats to critical business information and data has led to adoption of machine learning solutions by organizations. Moreover, rapidly evolving and highly active SMEs have increased the adoption of machine learning technologies and services globally.
Major Applications of Machine Learning Market covered are:
Healthcare & Life Sciences
Manufacturing, Retail
Telecommunications
Government and Defense
BFSI (Banking, financial services, and insurance)
Energy and Utilities and Others
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