The global machine learning market is expected to increase by USD 106 billion, at a compound annual growth rate (CAGR) of 34.1% from 2022 to 2028, according to the latest edition of the Global Machine Learning Market Report.

This industry report offers market estimates of the global market, followed by a detailed analysis of the solution, deployment mode, organization size, end user, and region. The global market data on machine learning can be segmented by solution: services, software. The software segment was the largest contributor to the global machine learning market in 2021. Machine learning market is further segmented by deployment mode: on-premise, cloud. According to the research, the cloud segment had the largest share in the global machine learning market. Based on organization size, the machine learning market is segmented into: large enterprises, small and medium enterprises (SMEs). The large enterprises segment held the largest revenue share in 2021. On the basis of end user, the machine learning market also can be divided into: BFSI, energy and utilities, government and defense, healthcare and life sciences, IT and telecom, manufacturing, retail, others. Globally, the BFSI segment made up the largest share of the machine learning market. Machine learning market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

The global machine learning market is highly competitive. The key players in the machine learning market include Alphabet Inc., Alteryx Inc., Amazon.com Inc., Baidu Inc., Fair Isaac Corporation, The Hewlett Packard Enterprise Company, IBM Corporation, Intel Corporation, MathWorks Inc., Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institue Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.


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