Value of Machine Learning Market 44.1% CAGR to 2022 Led by Managed Services Segment

PUNE, India, Sept. 20, 2017 /PRNewswire-iReach/ -- The North American region is expected to have the largest machine learning market share during the forecast period. The major growth drivers for this region are the large-scale investments in implementing machine learning services due to the growth in demand for processed data. Moreover, recently the region also witnessed the widespread adoption of cloud-based machine learning platform among large enterprises and SMEs across multiple verticals.

Browse 71 Market Data Tables and 56 Figures spread through 160 Pages and in-depth TOC on "Machine Learning Market by Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunication, Government and Defense, Manufacturing, Energy and Utilities), Deployment Mode, Service, Organization Size, and Region - Global Forecast to 2022"  http://www.reportsnreports.com/reports/1187513-machine-learning-market-by-vertical-bfsi-healthcare-and-life-sciences-retail-telecommunication-government-and-defense-manufacturing-energy-and-utilities-deployment-mode-service-organization-size-and-regi-st-to-2022.html .

Asia Pacific (APAC) is expected to witness the highest machine learning market growth rate during the forecast period. APAC is estimated to grow at the highest CAGR during the forecast period. Factors, such as continual growth in the mobile network, increasing the complexity of business, rise in demand for intelligent business processes, and exponential growth in data generation throughout the industry verticals are driving the machine learning market in the APAC region.

The professional service segment is expected to have a larger market share during the forecast period. The service segment in the machine learning market includes professional and managed services. Majority of the companies do not have the expertise to successfully manage infrastructure, and hence, they outsource these services to third-party partners to maintain the level of security and safety. The growth of the professional services segment is mainly governed by the complexity of operations and increasing deployment of machine learning solutions.

The large enterprises segment is expected to have a larger machine learning market size during the forecast period. The organization size segment in the machine learning market includes Small and Medium-Sized Enterprises (SMEs) and large enterprises. Emergence in the demand for cloud computing, cloud storage, IoT connected devices, and excessive use of smart phones are some of the prime reasons why large enterprises have turned toward machine learning for processing data. In large enterprises, machine learning has a huge potential for the big data technology in allowing precise decision-making for superior performance.

The major machine learning vendors are Microsoft Corporation (Washington, US), IBM Corporation (New York, US), SAP SE (Wall dorf, Germany), SAS Institute Inc. (North Carolina, US), Google, Inc. (California, US), Amazon Web Services Inc. (Washington, US), Baidu, Inc. (Beijing, China), Big ML, Inc. (Oregon, US), Fair Isaac Corporation (FICO) (California, US), Hewlett Packard Enterprise Development LP (HPE) (California, US), Intel Corporation (California, US), KNIME.com AG (Zurich, Switzerland), RapidMiner, Inc. (Massachusetts, US), Angoss Software Corporation (Toronto, Canada), H2O.ai (California, US), Alpine Data (California, US), Domino Data Lab, Inc. (California, US), Dataiku (Paris, France), Luminoso Technologies, Inc. (Massachusetts, US), Trademark Vision (Pennsylvania, US), Fractal Analytics Inc. (New Jersey, US),  TIBCO Software Inc. (California, US), Teradata (Ohio, US), Dell Inc. (Texas, US), and Oracle Corporation (California, US).   Make an Inquiry on "Machine Learning Market by Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunication, Government and Defense, Manufacturing, Energy and Utilities), Deployment Mode, Service, Organization Size, and Region - Global Forecast to 2022" research report at  http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1187513 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (18%), Tier 2 (48%), and Tier 3 (34%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level Executives (22%), Director Level (43%), and Others (35%) from various key organizations operating in the machine learning market. The primary interviews were conducted worldwide covering regions such as North America (42%), Europe, Middle East, and Africa (EMEA) (32%), and APAC (26%).

Research Coverage: The services offered in the machine learning market include professional and managed services. The deployment modes in the machine learning market include the cloud and on-premises. The organization sizes are segmented into Small and Medium-Sized Enterprises (SMEs) and large enterprises. Finally, on the basis of regions, the machine learning market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

Another research titled Anomaly Detection Market Global forecast to 2022says, the global anomaly detection market size is expected to grow from $2.08 billion in 2017 to $4.45 billion by 2022, at a CAGR of 16.4%. The network behavior anomaly detection segment is expected to grow at the highest CAGR during the forecast period. The Identity and Access Management (IAM) solution segment is expected to have the largest market size in the anomaly detection market during the forecast period. North America is expected to have the largest market size, and Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period. Companies such as International Business Machines (IBM) Corporation (US), Cisco Systems, Inc. (US), Wipro Limited (India), Dell Technologies, Inc.(US), Hewlett Packard Enterprise (HPE) Company (US), SAS Institute, Inc. (US), Symantec Corporation (US), Happiest Minds (India), Splunk, Inc. (US), Trustwave Holdings (US), Inc., Gurucul (US), Varonis Systems (US), Flowmon Networks (Czech Republic), GreyCortex s.r.o. (Czech Reupblic), Guardian Analytics (US) have been profiled in this 185 pages research report available at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=1146739 .

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