Artificial intelligence (AI) and machine learning (ML) technologies are being incorporated in research areas to deal with the critical scenario arrived due to the COVID-19 pandemic. The main focus of this research is toward agriculture and healthcare sectors, as these are some of the most vital industries in unprecedented conditions.
Machine learning technology is gaining traction owing to its ability to allow computers to imitate human intelligence and process a huge amount of data and recognize patterns and offer insights. As a result, the key players working in the global machine learning market are focused on capitalizing this opportunity to accelerate COVID-19 research for treatment and scale customer communications.
Analysts at Transparency Market Research highlight the global machine learning market will expand at a promising CAGR of ~27% throughout the assessment period 2020–2030. Thus, the market is likely to gather the valuation of over US$ 600 Bn by the end of 2030.
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Machine Learning Market: Key Findings
With increased penetration of Internet, there is huge amount of unstructured and structured data open for various organizations from across the globe. Thus, these companies are required to study all their data and produce significant insights in order to boost their competitiveness and efficiency. As a result, many organizations across the globe are growing acceptance of machine learning in order to study both unstructured and structured data for potential predictions and further utilize it for marketing as well as other intentions. This scenario is likely to generate prodigious sales opportunities for vendors in the global machine learning market in the forthcoming years.
Machine Learning Market: Growth Boosters
Analyze global machine learning market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Machine Learning Market: Well-Established Participants
The report profiles prominent players working in the global machine learning market. This list includes several names such as:
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