Stratview Research has published a new report titled ‘Machine Learning Market’ to its database. It has segmented the market By Component (Hardware, Software, Service), By Enterprise Size (SMEs, Large Enterprises), By End-Use (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others) and by Region (North America [The USA, Canada, and Mexico], Europe, and Rest of the World [Brazil, Saudi Arabia, and Others]).

Market Segments' Analysis

The market researchers have studied the Machine Learning Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -

Based on the Component type, The market has been classified into hardware, software, and service. Under these, the hardware segment held a significant market share in 2021 owing to rising adoption of hardware optimized for machine learning. Development of customized silicon chips with AI and ML capabilities is further bolstering the adoption of hardware, thereby boosts the segment growth.

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Key Players of the market:

  • Microsoft Corporation (US)
  • SAS Institute Inc. (US)
  • SAP SE (Germany)
  • Amazon Web Services, Inc. (US)
  • Baidu Inc. (China)
  • Google Inc. (US)
  • H2o.AI (US)

The Asia Pacific market held the highest market share in 2021 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to rising adoption of machine learning in developing countries with a massive talent base, such as India and China. Better access to consumers who are willing to try AI-enabled services & products, further bolsters the regional market growth during the review period.

Highlights of the report:

The report also highlights the following segments -

  • The market structure and forecasts for the coming years.
  • Drivers, restraints, opportunities, and current trends of Machine Learning Market.
  • Historical data and forecast.
  • Estimations for the forecast period 2028.
  • Developments and trends in the market.

Our market research experts have studied the MACHINE LEARNING Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns & more. The findings are further validated through primary research with industry experts across the globe.

Reasons to Invest in this Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
  • Segments include quantitative, qualitative, and value data.
  • Regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.

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