Machine learning market was estimated to be over ~US$ 2.7 billion in 2019. It is anticipated to grow at a CAGR of 43.5% from 2019 to 2030.
There are various factors attributing to growth of the machine learning market including the availability of robust data sets and the adoption of machine learning techniques in modern applications such as self-driving cars, traffic alerts (Google Maps), product recommendations (Amazon), and transportation & commuting (Uber). Also, the adoption of machine learning across various industries, such as the finance industry, to minimize identity theft and detect fraud is adding to growth of the machine learning market. Technologies powered by machine learning, capture and analyse data to improve marketing operations and enhance the customer experience. Moreover, the proliferation of large datasets, technological advancements, and techniques to provide a competitive edge in business operations are among major factors that will drive the machine learning market. Rapid urbanization, acceptance of machine learning in developed countries, rapid adoption of new technologies to minimize work and the presence of a large talent pool will push the machine learning market.
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 @ https://www.openpr.com/news/2020129/machine-learning-market-advanced-technology-and-new
There are various factors attributing to growth of the machine learning market including the availability of robust data sets and the adoption of machine learning techniques in modern applications such as self-driving cars, traffic alerts (Google Maps), product recommendations (Amazon), and transportation & commuting (Uber). Also, the adoption of machine learning across various industries, such as the finance industry, to minimize identity theft and detect fraud is adding to growth of the machine learning market. Technologies powered by machine learning, capture and analyse data to improve marketing operations and enhance the customer experience. Moreover, the proliferation of large datasets, technological advancements, and techniques to provide a competitive edge in business operations are among major factors that will drive the machine learning market. Rapid urbanization, acceptance of machine learning in developed countries, rapid adoption of new technologies to minimize work and the presence of a large talent pool will push the machine learning market.
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 @ https://www.openpr.com/news/2020129/machine-learning-market-advanced-technology-and-new
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