Report Highlights
The global market for machine learning should grow from $17.1 billion in 2021 to $90.1 billion by 2026 with a compound annual growth rate (CAGR) of 39.4% for the period of 2021-2026.
Report Includes
- 38 data tables and 51 additional tables
- An overview of the global market for machine learning
- Estimation of the market size and analyses of global market trends, with data from 2020, 2021, estimates for 2022 with projections of compound annual growth rates (CAGRs) through 2026 and identification of segments with high growth potential and their future applications
- Characterization and quantification of market potential for machine learning by type, solution, organization size, deployment mode, end use, and region
- Coverage of evolution and future of machine learning technology, and discussion on process flow of machine learning
- Identification of market drivers, restraints and other forces impacting the global market and evaluation of current market size and forecast, and assessment of new developments in the industry
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies and a relevant patent analysis
- Comprehensive company profiles of the leading players, including Alphabet (Google), Amazon.com Inc., IBM, Microsoft, Salesforce.com and Intel Corp.
Report Scope
In this report, the market has been segmented based on components, organization size, deployment mode, end use and region. The report provides an overview of the global machine learning market and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period, 2021 to 2026. Market values have been estimated based on the total revenue of machine learning solution providers.
The report covers the market for machine learning about the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for machine learning in 2020 and provides projections for the expected market size through 2026.
The scope of the study includes machine learning platforms and associated services. However, hardware components like data servers, GPUs, and other hardware devices; physical services for repair and maintaining of IT Infrastructure; revenue generated for B2C adoption; and third-party vendors are not part of the scope.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2020 | ||||||||||||||||||||
| Forecast period considered | 2021-2026 | ||||||||||||||||||||
| Base year market size | $12.4 billion | ||||||||||||||||||||
| Market size forecast | $90 billion | ||||||||||||||||||||
| Growth rate | CAGR of 39.4% from 2021 to 2026 | ||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||
| Segments covered | Component, Organization Size, Deployment Mode, End Use | ||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||||||||||||
| Countries covered | U.S., Canada, Germany, France, U.K, Rest of Europe, Japan, China, India, Rest of Asia-Pacific, Latin America, the Middle East and Africa | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global machine learning market totaled $1.4 billion in 2017 and is estimated to reach $8.8 billion by 2022, growing at a compound annual growth rate (CAGR) of 43.6% for the period of 2017-2022.
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