DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Machine Learning Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The value of the machine learning market in Asia-Pacific is expected to reach USD 10 billion by 2023, expanding at a compound annual growth rate (CAGR) of 51.3% during 2018-2023. Asia-Pacific will experience the highest CAGR in the machine learning market.
The enormous population base together with a diverse industry mix, which has the potential to generate a huge amount of data, is significantly driving the machine learning market in the Asia-Pacific countries.
The availability of a robust data set, the adoption of machine learning techniques in traditional industries and strengthening of the pipeline of cohorts with exceptional talent is driving the machine learning market in the Asia-Pacific region.
Ethical issues and biased data leading to biased decisions are a matter of concern which restricts further development of the machine learning market.
The connectivity standards available in the Asia-pacific region still falls below the world's average. The digital divide is widening the gap among the sub-regions in the Asia-Pacific zone at an alarming rate. This again is causing a hindrance to the development in the machine learning market in this region.
Market Segmentation
The market can be classified into four primary segments based on components, service, organization size and application.
Based on components the market can be segmented into software tools, cloud and web-based application programming interfaces (APIs) and others.
Based on service, the sub-segments are composed of professional services and managed services.
Based on organization size, the sub-segments include small and medium enterprises (SMEs) and large enterprises.
Based on application, the market is divided into the sub-segments, banking, financial services and insurance (BFSI), automotive, healthcare, government and others.
Based on region, the market is segmented into China, India, Japan, South Korea, Australia and New Zealand (ANZ), the rest of Asia-Pacific.
Machine learning is no longer a novelty in Asia-Pacific countries. Business sectors having realised its potential are using machine learning technologies to draw maximum insights from the available data to increase the efficiency of operations.
Key Players Profiled
- Microsoft
- Google Inc.
- IBM Watson
- Amazon
- Baidu
- Intel
- Apple Inc.
Topics Covered
Chapter 1. Executive Summary
Chapter 2. Asia-Pacific Machine Learning Overview
Chapter 3. China Machine Learning Overview
Chapter 4. India Machine Learning Overview
Chapter 5. Japan Machine Learning Overview
Chapter 6. South Korea Machine Learning Overview
Chapter 7. ANZ Machine Learning Overview
Chapter 8. Rest of Asia Pacific Machine Learning Overview
Chapter 9. Competitive Landscape
Chapter 10. Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/lpmq6j/asiapacific?w=4
