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Global machine learning market

Posted by Maximize Market Research on 07/05/2019
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Global Machine Learning Market was valued US$ 2.5 Bn in 2017 and is expected to reach US$ 12.3 Bn by 2026, at a CAGR of 22.4 % during forecast period.

Machine Learning Market

Global Machine learning Market includes a complete range of services, solutions and techniques interconnected closely to artificial intelligence, which is performing statistical analysis of input data to recognize its current and future relationship and performance. Machine learning is making use of huge amount of input data to deliver better analytical output while enhancing workflow for different industry verticals, Machine learning is incorporating variety of services which offers machine learning tools by cloud computing services.

Global machine learning market is influenced by numerous factors which includes growth in demand for improved application areas, development associated with artificial intelligence & cognitive computing market, lack of trained professionals, and effect of developing economies. All these factors are collectively creating opportunities for market growth, each factor is expected to have its certain impact on the machine learning market share.

Increasing automation and advanced technology are expected to boost the market growth during the forecast period. Machine learning technology have driven the rise of predictive analytics which experiences rapid growth in consumption, also, becoming an important part of all business operations and processes. Predictive analytics is used in different online activities like Amazon product references and Google search box auto-suggestion. Recently, Walmart Labs declared acquisition of Inkiru, a specialized company in machine learning technology. This acquisition assisted Walmart offers better site personalization and fake prevention, adoption of machine learning was mostly among developed nations, but in the recent years, mo

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