Machine Learning Market Overview, Development by Companies and Comparative Analysis by 2030 – Intel, H2O.ai, Amazon Web Services

Machine Learning Market was estimated at US$ 2.7 billion in 2019. The market is anticipated to further grow at a CAGR of 43.5% from 2019 to 2030.

Machine Learning is a branch of Artificial Intelligence (AI) that enables machines to perform tasks competently by using advanced software. The backbone of intelligent software constitutes statistical learning methods that are used to develop machine intelligence. It gives computers the ability to learn from data, identify patterns and make decisions with minimal human intervention. As it is evident from the name, it allows computers to learn automatically without assistance and adjust actions from experiences. The computational architectures and algorithms are used to effectively capture, store, index, retrieve, and merge this data. Machine learning is one of the top emerging sciences and has extensive applications in various domains. Some of the applications include traffic alerts (Google Maps), transportation & commuting (Uber), product recommendations (Amazon), self-driving cars, and fraud detection, among others.

Major Key Players of the Machine Learning Market are:
Intel, H2O.ai, Amazon Web Services, Hewlett Packard Enterprise Development LP, IBM, Google, Microsoft, SAS Institute Inc., SAP SE, and BigML, Inc., among others.

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