COVID-19 Impacts: Machine Learning Market will Accelerate at a CAGR of about 39% through 2020-2024 | The Increasing Adoption of Cloud-based Offerings…

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the machine learning market and it is poised to grow by $ 11.16 bn during 2020-2024, progressing at a CAGR of about 39% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing adoption of cloud-based offerings has been instrumental in driving the growth of the market. However, the shortage of skilled personnel might hamper market growth.

Machine learning market 2020-2024 : Segmentation

Machine learning market is segmented as below:

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Machine learning market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our machine learning market report covers the following areas:

This study identifies the increasing use of machine learning in customer experience management as one of the prime reasons driving the machine learning market growth during the next few years.

Machine learning market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the machine learning market, including some of the vendors such as Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. Backed with competitive intelligence and benchmarking, our research reports on the machine learning market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Machine learning market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impacts: Machine Learning Market will Accelerate at a CAGR of about 39% through 2020-2024 | The Increasing Adoption of Cloud-based Offerings...