Market Highlights
Machine Learning is a part of Artificial Intelligence (AI) that grants computers the capability to
learn without being detailed programmed. Machine learning market mainly focuses on the
improvement of the computers programs that can be switch when reveal new data.
Computer uses machine learning for finding hidden insights without being specifically
programmed. Machine learning technology is relating with safety and security which is used in face
recognition, face detection, weather forecast and many more. The machine learning technology
which is used from finding the human diseases to stop crime. So, machine learning technology
having diversified applications which is the main reason of market growth. The main objective of
machine learning is to allow the computers learn automatically without human intervention or
assistance and adjust actions accordingly.
The machine learning algorithm are further divided into Supervised machine learning algorithms,
unsupervised machine learning algorithms, Semi-supervised machine learning algorithms,
Reinforcement machine learning algorithms.
Supervised machine learning algorithm can apply what has been learned in the past to new data
using labelled examples to predict future events.
Unsupervised machine learning algorithms are used when the information used to train is
neither classified nor labelled.
Semi-supervised machine learning algorithms fall somewhere in between supervised and
unsupervised learning, since they use both labelled and unlabelled data for training – typically a
small amount of labelled data and a large amount of unlabelled data.
Reinforcement machine learning algorithms is a learning method that interacts with its
environment by producing actions and discovers errors or rewards.
Major Key players
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Google Inc. (U.S.)
Facebook (U.S)
IBM Watson (U.S.)
Baidu (China)
Apple (U.S)
Microsoft (U.S.)
Cisco (U.S.)
Wipro (India)
Nuance Communications (U.S.)
Amazon (U.S)
Intel (U.S.).
Segmentation:
On the basis of components, the machine learning market size is segmented into software tools,
cloud and web based APIs & others.
On the basis of service, the market is segmented into professional services &managed services.