#Machine_Learning_Market Projected to Grow at a Steady Pace During 2023`-2028

Stratview Research delivers key insights on the Global Machine Learning Market. According to Stratview Research, the market is segmented By Component (Hardware, Software, Service), Enterprise Size (SMEs, Large Enterprises), End-Use (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others), and Region [Brazil, Argentina, and Others]).
Market Insights
The report suggests that the overall Machine Learning Market was estimated to grow from USD 31.01 billion in 2022 to USD 276.58 billion by 2028 at a CAGR of over 44% during the forecast period.
Market Segments' Analysis
Component Trends
The market has been classified into hardware, software, and service. Under these, the hardware segment held a significant market share in 2022 owing to the rising adoption of hardware optimized for machine learning.
Enterprise Size Trends
The market is bifurcated into SMEs and large enterprises. Large enterprises accounted for the largest market share in 2022.
Regional Trends
Asia Pacific held the highest market share in 2022 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to the rising adoption of machine learning in developing countries with a massive talent base, such as India and China.
Key Players
The following are some of the key players in the machine learning market:
• H2o.AI (US)
• Intel Corporation (US)
• Microsoft Corporation (US)
• SAS Institute Inc. (US)
• SAP SE (Germany)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for machine learning market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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