A new report published by Research On Global Markets titled ‘Global Machine Learning Market (2018 – 2023)’ studies the performance of the global machine learning market over a five year assessment period from 2018 to 2023. The report presents the forecasted value of the global machine learning market and provides key insights into the factors driving market growth, as well as those restricting it. According to the Research On Global Markets’ analysts, the global machine learning market will expand at a compound annual growth rate (CAGR) of 39.6% during the 2018-2023 period, to reach approximately USD 13.5 Bn by 2023.

Global Machine Learning Market – Segment Insights

The global machine learning market research report provides market segmentation based on end-user (BFSI, healthcare, digital advertising, retail, and others), deployment (cloud deployment, and on-premise deployment), and regions (North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa). The report offers an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

In 2018, retail surpassed the banking, financial services and insurance (BFSI) sub-segment to emerge as the leader in terms of machine learning expenditure. Retail firms are expected to invest in a number of applications, including expert shopping advisors and product recommendations, and automated customer service agents.

In terms of deployment mode, the cloud segment is expected to capture a higher market share during the forecasted period, owing to increased adoption by various industries across the world.

Global Machine Learning Market – Market Insights

The expansion of the global machine learning market can be attributed to the increased generation of data, and the need to process these huge volumes of data to obtain meaningful insights. As an application of artificial intelligence, machine learning features separate algorithms, as a result of which human intervention is not required.

North America is spearheading the innovation in the machine learning market, and held the largest share of the global market in 2018. However, during the forecasted period, Asia-Pacific is expected to exhibit higher adoption of machine learning techniques. In Latin America, the unskilled workforce is struggling to pick up the expertise needed for machine learning processes. This will act as a hindrance to the further development of the market.

Research On Global Markets tracks the performance of some of the major players operating in the global machine learning market including Google, Microsoft, IBM, Apple, Amazon, Facebook, Salesforce, Baidu, and Intel, among others.

Some of the key topics covered in this report are:

• Scope and segmentation of the global machine learning market
• A comprehensive overview of the historical, current and predicted market size, revenue, and market attractiveness analysis
• Market segmentation based on end-user - key market observations
• Market segmentation based on deployment mode (cloud deployment, and on-premise deployment) – market size (USD Bn), and key market observations
• Regional market analysis of North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa
• Overview of the competitive landscape, and analysis of a few key players in the industry

For More Information On This Report, Please Visit @ https://www.researchonglobalmarkets.com/global-machine-learning-market-2018-2023.html

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