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New report examines the machine learning market forecast to 2022

IT Market Research

Machine Learning Market, by Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunication, Government and Defense, Manufacturing, Energy and Utilities, Others), Service (Professional Services, Managed Services), Deployment Mode (Cloud, On-premises), Organization Size (SMEs, Large Enterprises) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

Over the years, the applications of machine learning have increased and spread to various verticals. Machine learning helps organizations to increase productivity and to cut costs for managing and maintaining machines.

Machine learning is extremely beneficial in predictive analysis; hence, it is high in demand in banking and financial services. Key market players are collaborating to improve the technology and improve business operations.

This report studies the current and future aspects of machine learning market.

The report on the global machine learning market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.

It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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The machine learning market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the machine learning market.

The region continues to dominate during the forecasted period because of high focus on research and development initiatives to innovate the machine learning technology. The next in line is the Asia-Pacific region which is witnessing a rapid market growth.

This growth is because of increased awareness for benefits related to machine learning such as increase in business productivity, improved efficiency, and helps in lowering overall costs.


This report analyzes the machine learning market by the following segments:

  • Machine Learning Market, by Vertical
    • BFSI
    • Healthcare and Life Sciences
    • Retail
    • Telecommunication
    • Government and Defense
    • Manufacturing
    • Energy and Utilities
    • Others
  • Machine Learning Market, by Service
    • Professional Services
    • Managed Services
  • Machine Learning Market, by Deployment Model
    • Cloud
    • On-premises
  • Machine Learning Market, by Organization Size
    • SMEs
    • Large Enterprises

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