Machine Learning Market

Machine Learning Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2026 | Top Key Players – IBM Corporation, Microsoft Corporation, SAP SE, Dell, etc

The global machine learning market is forecast to reach USD 35.67 Billion by 2026, according to a new report by Reports and Data. The increasing trend towards cloud computing, coupled with the growing technological advancements such as BYOD services, the internet, and others, will contribute to the growth of the market. Machine learning helps in analyzing large volumes of data and identify specific trends and patterns that would not be apparent otherwise. For instance, for an e-commerce website such as Amazon, it helps to understand the purchase histories and browsing behaviors of its users to help cater to the right opportunities, products, and reminders relevant to them. The results are used to reveal the appropriate advertisements to them. The technology provides the systems the ability to learn, make predictions, and improve the algorithms. For example, the anti-virus software learns to filter new threats as they are recognized. The algorithms can handle the data that are multi-dimensional and multi-variety, even in dynamic or uncertain environments.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2149

Key participants include

IBM Corporation, Microsoft Corporation, SAP SE, Dell Inc., SAS Institute Inc., Google, Inc., Amazon Web Services Inc., Baidu, Inc., BigML, Inc., Intel Corporation, RapidMiner, Inc., Hewlett Packard Enterprise (HPE), Angoss Software Corporation, Alpine Data, Dataiku, Luminoso Technologies, Inc., TrademarkVision, Fractal Analytics Inc., TIBCO Software Inc., Teradata, and Oracle Corporation, among others.

Further key findings from the report suggest

Among the applications, fraud detection & risk analytics accounted for the largest market share of ~18% in the year 2018. Fraud detection & risk analytics has been a significant concern in the banking and commerce industry. The increased number of transactions owing to a plethora of payment channels – smartphones, credit/debit cards, and others. As a result, it is becoming difficult for businesses to authenticate their transactions.

Machines are much better at processing large datasets than humans. They can detect and recognize thousands of patterns on a user’s purchasing course. The fraud detection process using machine learning starts with gathering and classifying the data. Then the model is fed with training sets to predict the probability of fraud.

The predictive maintenance application is forecasted to witness the highest growth rate of 44.4% during the forecast period. Manufacturing firms need corrective as well as preventive maintenance practices in place. However, these practices are often inefficient and expensive. Machine learning helps in the creation of highly efficient predictive maintenance programs. These can minimize the chances of unexpected failures, thereby reducing unnecessary preventive maintenance projects.

North America held the largest market share of ~29% in the year 2018. The region has successfully adapted machine learning and is investing highly in newer technologies like cloud computing, artificial intelligence, and more. The massive amount of data generated is driving the need for fraud detection & risk analysis technologies, and security & surveillance. All these factors together will boost the market in the region, allowing it to lead the market throughout the forecast period.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2149

For this report, Reports and Data have segmented into the global Machine Learning market on the basis of resin type, composite phases, industry vertical, and region:

Component Outlook (Revenue, USD Billion; 2016-2026)

Software

Services

Organization Size Outlook (Revenue, USD Billion; 2016-2026)

Small and Medium-Sized Enterprises

Large Enterprises

Application Outlook (Revenue, USD Billion; 2016-2026)

Fraud Detection & Risk Analytics

Augmented & Virtual reality

Natural Language processing

Computer vision

Security & surveillance

Marketing & Advertisement

Automated Network Management

Predictive Maintenance

Others

Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)

Automotive

Aerospace & Defense

Retail & E-commerce

Government

Healthcare And Life Sciences

Media And Entertainment

IT And Telecommunications

Banking, Financial Services, And Insurance

Others

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2149

Have a Look at Related Reports:

Educational Inverted Microscopes Market Size, Share & Analysis By Product Type (Monocular, Binocular, Trinocular, Others), By Application (Life Science, Material Science, Environmental Science, Semiconductors, Nanotechnology, Others), By End-use (Primary Schools, Secondary Schools, Universities, Others), and By Region, Forecast to 2028

Fashion Influencer Marketing Market Size, Share & Analysis, By Fashion Type (Apparel, Beauty & Cosmetics, Jewelry & Accessories), By Influencer Type (Megainfluencers, Macroinfluencers, Microinfluencers, Nanoinfluencers), By Region, Forecasts To 2027

E-Cigarette Market Size, Share & Analysis, By Type (Disposable, Rechargeable), By Flavor (Original Tobacco, Mint & Menthol, Fruit & Candy, Chocolate, Dessert, Others), By Distribution Channel (Specialist E-cig Shops, Online, Supermarkets & Hypermarkets, Others), And By Region, Forecast To 2027

Contactless Payment Market Size, Share & Analysis, By Component (Hardware (PoS Terminals and Smart Cards), Solutions, and Services (Consulting, Integration & Deployment, Support & Maintenance)), By End-user (Retail, Hospitality, Healthcare, Energy & Utilities, Transportation & Logistics, BFSI, Others), By Technology (RFID, NFC, IR, Others), And By Region, Forecast To 2027

Hardware Security Modules Market Size, Share & Analysis, By Product Type (Network-based Hardware Security Modules, Embedded Hardware Security Modules, Portable Hardware Security Modules), Application (Payment Processing, Secure Socket Layer, Transport Layer Security, Code and Document Signing, Database Encryption, Authentication, Application Level Encryption, Credential Management), Industry Vertical (BFSI, IT & Telecommunications, Manufacturing, Government, Energy & Utilities, Healthcare, Retail), Region And Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Leave a Reply

Your email address will not be published. Required fields are marked *