Global Machine Learning Market Analysis & Forecasts 2017-2023 - CAGR to Grow at 44% Aided by Proliferation in Data Generation - ResearchAndMarkets.com

DUBLIN--()--The "Global Machine Learning Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

The global machine learning market is expected to rise with the CAGR of about 44% during the forecast period 2016-2023.

Proliferation in data generation is one of the major factor which contribute to growth of global machine learning market during forecast period. However, issue regarding privacy and security of sensitive data is one of the major factor restraining growth of global machine learning market during the forecast period.

The growth in the global machine learning market is also influenced by presence of major players such as Oracle Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Tibco Software Inc. (U.S.), etc. To gain competitive advantage, the major players adopt various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, etc.

This report covers segmentation analysis of verticals, deployment mode, organization size and services. The report also covers segments of verticals which include banking financial services and insurance, healthcare and life sciences, retail, telecommunication, government and defense, manufacturing, energy and utilities and other verticals. Banking Financial Services and Insurance (BFSI) accounted for the largest market revenue share for global machine learning market in 2016 and is expected to dominate the market during forecast period due to capability of machine learning to provide fraud and risk management application which is majorly used in BFSI.

Deployment modes in machine learning are cloud and on-premises. Organization size in machine learning includes large enterprises and small and medium-sized enterprises. Services in machine learning include professional services and managed services. Managed service is expected to be the fastest-growing segment in the global machine learning market during the forecast period due to its ability to help organization to manage its machine learning solutions.

Market Dynamics

Drivers

  • Proliferation In Data Generation
  • Technological Advancements In Machine Learning
  • Increasing Adoption Of Connected Devices
  • Increased Adoption In Data Driven Application

Restraints

  • Sensitive Data Security
  • Computation Limitations

Opportunities

  • Increasing Demand For Intelligent Business Processes
  • High Demand From Different End Users

Challenges

  • Ethical Implications Of Algorithms Deployed
  • Prone To Hardware and Software Malfunctions

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

  • Amazon Web Services Inc. (U.S.)
  • Baidu, Inc. (China)
  • Dell Inc. (U.S.)
  • Fair Isaac Corporation (U.S.)
  • Fractal Analytics Inc. (U.S.)
  • Google, Inc. (U.S.)
  • Hewlett Packard Enterprise Development Lp (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Sap Se (Germany)
  • Teradata (U.S.)
  • Tibco Software Inc. (U.S.)
  • Trademarkvision (U.S.)

For more information about this report visit https://www.researchandmarkets.com/research/vpw78v/global_machine?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Machine Learning and Data Mining

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Machine Learning and Data Mining