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UNITED STATES The global machine learning market size was US$ 11.1 billion in 2021. The global machine learning market is forecast to grow to US$ 121 billion by 2030 by registering a compound annual growth rate (CAGR) of 31% during the forecast period from 2022 to 2030.

Machine Learning MarketStatus, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Quadintel, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the markets historic and forecast market growth by geography. It places the market within the context of the widerMachine Learning Market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report(Including Full TOC, 100+ Tables & Figures, and Chart). In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Factors Influencing the Market

Artificial intelligenceand other emerging technologies are changing the way industries and people work. These technologies have helped to optimize supply chains, launch new digital products and services, and transform the overall customer experience. Several tech companies are investing in this field to develop AI platforms, while several start-ups are focusing on niche domain solutions. All of these factors will significantly contribute to the growth of the global machine learning market.

Technology has paved the way for numerous applications across several industries. This technology is used in advertising, mainly to predict customer behaviour and aid in the improvement of advertising campaigns. AI-powered marketing employs a variety of models to optimize, automate, and augment data into actions. Thus, it will significantly drive the growth of the global machine learning market. Further, the technology is used in an advertising agency, mainly for security, document management, and publishing, which will contribute to the growth of the global machine learning market during the study period.

Machine learning has recently expanded into new areas. For example, the United States Army intends to use this technology in combat vehicles for predictive maintenance. Thus, such advancements will benefit the market. Apart from that, organizations around the world use machine learning to enable better client experience, which will be opportunistic for the industry players. However, insufficient knowledge related to technology may limit the growth of the market.

COVID-19 Impact Analysis

Machine learning and AI have significantly helped fight the COVID-19 pandemic, which escalated the growth of the overall market. Patients hospitalized with coronavirus disease (COVID-19) are at high risk; however, Machine learning (ML) algorithms were used in predicting mortality in COVID-19 hospitalized patients. Several studies found that machine learning can efficiently help tackle the COVID-19 pandemic by collecting data related to virus spread. Thus, such benefits of the technology have shaped its growth during the COVID-19 pandemic.

Regional Analysis

North America is forecast to hold the highest share in the machine learning market due to the rising penetration of advanced technology across all industrial verticals. Furthermore, rising investments in this sector will also contribute to the growth of the market. For instance, JPMorgan Chase & Co. invested in Limeglass, an AI, ML, and NLP provider in 2019 with the aim to analyse institutional research.The Asia-Pacific machine learning market is forecast to record a substantial growth rate due to the growing expansion of the e-commerce, and online streaming industry. Additionally, the rising adoption of industrial robots, particularly in China, Japan, and South Korea, will also contribute to the growth of the machine learning market.

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Competitors in the MarketIBM CorporationSAP SEMicrosoft CorporationHuawei TechnologiesHCL TechnologiesAccenture PlcSchneider ElectricHoneywell InternationalRockwell AutomationSchlumberger LimitedOther Prominent Players

Market SegmentationThe global machine learning market segmentation focuses on Application, Solution Type, and Region.

By Application:Advertising & mediaBFSIGovernmentHealthcareRetailTelecomUtilitiesManufacturing

By Solution Type:SoftwareHardwareServices

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By Region? North Americao The U.S.o Canadao Mexico? Europe? Western Europeo The UKo Germanyo Franceo Italyo Spaino Rest of Western Europe? Eastern Europeo Polando Russiao Rest of Eastern Europe? Asia Pacifico Chinao Indiao Japano Australia & New Zealando ASEANo Rest of Asia Pacific? Middle East & Africa (MEA)o UAEo Saudi Arabiao South Africao Rest of MEA? South Americao Brazilo Argentinao Rest of South America

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Key Questions Answered in the Market Report

How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? What is the outlook for the impact market during the forecast period 2021-2030? What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? What is the end user perception toward? How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? What are the key strategies adopted by companies in the impact market? What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? Which are the key players in the impact market?

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Machine Learning Market Share, Application Analysis, Regional outlook, Growth, Price Trends, Key Players, Competitive Strategies and Forecast 2022 to...