Machine Learning Market
                     Machine Learning Market report Growth 
During By 2027
Machine learning is a branch of artificial intelligence that enables machines to learn directly from 
data, experience, and examples. By permitting computers to execute specific tasks smartly, machine
learning allows computers to carry complex processes by learning from examples or data, rather 
than following pre-programmed rules. Increasing volume of data being generated across industry 
verticals creates an exhaustive repository for machines to learn from, something that is further 
backed by rapid strides made in processing power of computers, in turn enhancing the analytical 
capabilities of machine learning systems. 
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Increasing advancements in technology leading to higher accuracy of systems fueling market 
growth
People interact with various systems, which are based on machine learning such as recommender 
systems, voice recognition systems, and image recognition systems. Rapid advancement in 
technology in image recognition system has increased the accuracy of the system, which has fueled 
the demand for machine learning in various systems.
Integration of machine learning in robotics has fueled growth of the machine learning market
Rampant advancements in robotic industry has created various innovations in robots with the 
integration of sensor technologies and materials. The advancements in machine learning have 
increased the capabilities of robots to contribute in applications such as drones and autonomous 
vehicles. Moreover, the increasing demand for advance robotic system in various verticals such as 
automotive, electronics, food and beverages, healthcare etc has fueled the market growth. 
According to International Federation of Robots, in 2016, around 294,000 units of industrial robots 
were deployed across the globe.
Machine learning market is expected to witness rampant growth due to growing healthcare 
sector in the near future.
Accuracy is one of the major concerns in the healthcare sector. Machine learning have the 
capabilities to provide more accurate diagnosis and healthcare services, which in turn has 
augmented demand for machine learning in healthcare sector. For instance, diagnosis of diabetic 
eye disease requires frequent examination of pictures at the back of an eye by the specialist.
Machine learning Market Taxonomy
On the basis of deployment model, the global machine learning market is segmented into:
•On-premises
•Cloud-based
On the basis of application, the global machine learning market is segmented into:
•Banking, Financial Services, and Insurance
•Education
•Energy
•Healthcare & Pharmaceuticals
•Manufacturing
•Public Services
•Retail
•Transport & Logistics
Key Companies in the Global Machine Learning Market
Microsoft Corporation, SAP SE, Sas Institute Inc., Amazon Web Services, Inc., Bigml, Inc., 
Google Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development Lp, and Intel 
Corporation are some of the major companies operating in the global machine learning 
market.
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