Stratview Research has published a new report titled “Machine Learning Market” which is segmented By Component (Hardware, Software, Service), By Enterprise Size (SMEs, Large Enterprises), By End-Use (Healthcare, BFSI, Law, Retail, Advertising Media, Automotive Transportation, Agriculture, Manufacturing, Others) and by Region Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).

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Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on component type the market has been classified into hardware, software, and service. Under these, the hardware segment held a significant market share in 2021 owing to rising adoption of hardware optimized for machine learning. Development of customized silicon chips with AI and ML capabilities is further bolstering the adoption of hardware, thereby boosts the segment growth.

Which Region is expected to remain the largest market?

The Asia Pacific market held the highest market share in 2021 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to rising adoption of machine learning in developing countries with a massive talent base, such as India and China. Better access to consumers who are willing to try AI-enabled services products, further bolsters the regional market growth during the review period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Machine Learning Market:

• Amazon Web Services, Inc. (US)
• Baidu Inc. (China)
• Google Inc. (US)
• H2o.AI (US)
• Microsoft Corporation (US)
• SAS Institute Inc. (US)
• SAP SE (Germany)

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.