Machine Learning Market Analysis

  • Report ID: 5169
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Machine Learning Market Analysis

Deployment (Cloud, On-premises)

The cloud segment is predicted to hold 55% share of the global machine learning market by the end of 2037. One of the major benefits that have resulted from adopting cloud delivery models for learning software solutions and services is flexibility, automated software updates, disaster recovery using cloud backup systems, enhanced collaboration, document version controls, and data loss prevention with robust cloud storage facilities.

Enterprise Type (SMEs, Large Enterprise)

Machine learning market from the large enterprise segment is set to grow substantially with a share of 54% in the time period between 2025-2037. It is becoming more and more common to use AI as a service and data science for the quantitative analysis of enterprises that are expected to drive segment revenue growth. For the provision of efficient market services, large firms are using machine learning approaches. Large enterprises can use machine learning without major infrastructure investments with services like Google Cloud AI Platform, Amazon Web Services (AWS), and Microsoft Azure Machine Learning providing pre-built models, distributed training capabilities, and infrastructure management. 

Our in-depth analysis of the global market includes the following segments:

 

Enterprise Type

  • SMEs
  • Large Enterprise

 

Deployment

  • Cloud
  • On-premises

 

 

 

End User

  • Healthcare
  • Retail
  • IT & Telecom
  • BFSI
  • Automotive & Transportation
  • Advertising & Media
  • Manufacturing
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 5169
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of machine learning is evaluated at USD 57.95 billion.

The machine learning market size was valued at USD 44.58 billion in 2024 and is likely to exceed USD 2.84 trillion by the end of 2037, registering over 37.3% CAGR during the forecast period i.e., between 2025-2037. The growing demand in the automotive industry and growing technological advancement will propel the market growth.

North America industry is expected to account for a share of 35% by 2037, owing to its increasing application of advanced technologies in the region.

The major players in the market include IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc., Oracle Corporation, Google LLC, SAP SE, SAS Institute Inc., Hewlett Packard Enterprise Development LP, FICO, Intel Corporation.
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