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MACHINE LEARNING

Global Market Trajectory & Analytics

MCP13139

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  •  DATE

    JULY 2020

  •  TABLES

    102

  •  PAGES

    173

  •  EDITION

    9

  •  PRICE

    USD $4950

COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Machine Learning estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$27.7 Billion by 2027, growing at a CAGR of 38.4% over the analysis period 2020-2027.BFSI, one of the segments analyzed in the report, is projected to grow at a 39.7% CAGR to reach US$11.9 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Healthcare & Life Sciences segment is readjusted to a revised 43.9% CAGR for the next 7-year period. This segment currently accounts for a 9.9% share of the global Machine Learning market.
The Machine Learning market in the U.S. is estimated at US$862.3 Million in the year 2020. The country currently accounts for a 30.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$4.4 Billion in the year 2027 trailing a CAGR of 36.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 32.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.7% CAGR while Rest of European market (as defined in the study) will reach US$4.4 Billion by the year 2027.
In the global Retail segment, USA, Canada, Japan, China and Europe will drive the 36.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$431.5 Million in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 173-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Amazon Web Services, Inc.; Baidu, Inc.; BigML, Inc.; Fair Isaac Corporation; Google LLC; H2O.ai; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Intel Corporation; Microsoft Corporation; SAP SE; SAS Institute, Inc.
» Deployment (Cloud, On-Premise) » Service (Professional Services, Managed Services) » Vertical (BFSI, Healthcare & Life Sciences, Retail, Telecommunication, Other Verticals)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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