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Machine Learning - Global Market Trajectory & Analytics

  • ID: 4806169
  • Report
  • July 2020
  • Region: Global
  • 173 pages
  • Global Industry Analysts, Inc
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Global Machine Learning Market to Reach US$27.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Machine Learning estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$27.7 Billion by 2027, growing at a CAGR of 38.4% over the analysis period 2020-2027.BFSI, one of the segments analyzed in the report, is projected to grow at a 39.7% CAGR to reach US$11.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Healthcare & Life Sciences segment is readjusted to a revised 43.9% CAGR for the next 7-year period. This segment currently accounts for a 9.9% share of the global Machine Learning market.

The U. S. Accounts for Over 30.3% of Global Market Size in 2020, While China is Forecast to Grow at a 36.3% CAGR for the Period of 2020-2027

The Machine Learning market in the U. S. is estimated at US$862.3 Million in the year 2020. The country currently accounts for a 30.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$4.4 Billion in the year 2027 trailing a CAGR of 36.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.7% and 32.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.7% CAGR while Rest of European market (as defined in the study) will reach US$4.4 Billion by the year 2027.

Retail Segment Corners a 18.9% Share in 2020

In the global Retail segment, USA, Canada, Japan, China and Europe will drive the 36.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$431.5 Million in the year 2020 will reach a projected size of US$3.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027.The publisher brings years of research experience to this 9th edition of our report. The 173-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Amazon Web Services, Inc.
  • Baidu, Inc.
  • BigML, Inc.
  • Fair Isaac Corporation
  • Google LLC
  • H2O. ai
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • SAP SE
  • SAS Institute, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Machine Learning Market Exhibits Robust Opportunities

Managed Services Segment to Register Highest Growth

Cloud Based Deployment to Account for Largest Share

Percentage Breakdown of Workloads by Deployment Type: 2018 Vs. 2020

Percentage Breakdown of Public Cloud Drivers: 2018 Vs. 2020

North American Region to Account for Largest Share

Global Competitor Market Shares

Machine Learning Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Increased Spending on Machine Learning to Drive Growth

Total Spending on Machine Learning in Billion USD: 2019

Technological Advancements in Machine Learning to Drive Growth

Breakdown of Market Revenues (in Million USD) in the US by Segment: 2014-2025

Continuous Proliferation of Enterprise Data in Volume to Spur Market Growth

Growth of Unstructured and Structured Data (in zettabytes): 2010-2020

Size of Worldwide Datasphere in Zettabyte for Years: 2010-2025

Increasing Number of Patents to Spearhead Market Growth

Total Number of Patents Published in Machine Learning by Select Companies

Myriad Beneficial Offerings of Machine Learning Drive Adoption Rates

Banking and Finance

Supply Chain Management

Healthcare and Life Sciences

Retail

Worldwide Retail E-commerce Sales in Billion USD: 2014-2021

Telecommunications

Increased Adoption of Machine Learning in Modern Applications

Skill Shortage to Slowdown Market Prospects in Select Countries

Total Working Hours for Various Skills in the US and Europe: 2016 and 2030E

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Machine Learning Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Machine Learning Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: BFSI (Vertical) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 4: BFSI (Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Healthcare & Life Sciences (Vertical) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 6: Healthcare & Life Sciences (Vertical) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 7: Retail (Vertical) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 8: Retail (Vertical) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Telecommunication (Vertical) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Telecommunication (Vertical) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Other Verticals (Vertical) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 12: Other Verticals (Vertical) Distribution of Global Sales by Region/Country: 2020 VS 2027
TABLE 13: Professional Services (Service) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027
TABLE 14: Professional Services (Service) Market Percentage Share Distribution by Region/Country: 2020 VS 2027
TABLE 15: Managed Services (Service) Market Opportunity Analysis Worldwide in US$ Thousand by Region/Country: 2020 to 2027
TABLE 16: Managed Services (Service) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 17: Cloud (Deployment) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 18: Cloud (Deployment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 19: On-Premise (Deployment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 20: On-Premise (Deployment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Machine Learning Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 21: United States Machine Learning Latent Demand Forecasts in US$ Thousand by Vertical: 2020 to 2027
TABLE 22: Machine Learning Market Share Breakdown in the United States by Vertical: 2020 VS 2027
TABLE 23: United States Machine Learning Market Estimates and Projections in US$ Thousand by Service: 2020 to 2027
TABLE 24: United States Machine Learning Market Share Breakdown by Service: 2020 VS 2027
TABLE 25: Machine Learning Market in US$ Thousand in the United States by Deployment: 2020-2027
TABLE 26: United States Machine Learning Market Share Breakdown by Deployment: 2020 VS 2027

CANADA

TABLE 27: Canadian Machine Learning Market Quantitative Demand Analysis in US$ Thousand by Vertical: 2020 to 2027
TABLE 28: Canadian Machine Learning Market Share Analysis by Vertical: 2020 VS 2027
TABLE 29: Canadian Machine Learning Market Estimates and Forecasts in US$ Thousand by Service: 2020 to 2027
TABLE 30: Machine Learning Market in Canada: Percentage Share Breakdown of Sales by Service for 2020 and 2027
TABLE 31: Machine Learning Market Analysis in Canada in US$ Thousand by Deployment: 2020-2027
TABLE 32: Canadian Machine Learning Market Share Breakdown by Deployment: 2020 VS 2027

JAPAN

TABLE 33: Japanese Demand Estimates and Forecasts for Machine Learning in US$ Thousand by Vertical: 2020 to 2027
TABLE 34: Machine Learning Market Share Shift in Japan by Vertical: 2020 VS 2027
TABLE 35: Japanese Market for Machine Learning: Annual Sales Estimates and Projections in US$ Thousand by Service for the Period 2020-2027
TABLE 36: Japanese Machine Learning Market Share Analysis by Service: 2020 VS 2027
TABLE 37: Japanese Medium & Long-Term Outlook for Machine Learning Market in US$ Thousand by Deployment: 2020-2027
TABLE 38: Japanese Machine Learning Market Percentage Share Distribution by Deployment: 2020 VS 2027

CHINA

TABLE 39: Chinese Demand for Machine Learning in US$ Thousand by Vertical: 2020 to 2027
TABLE 40: Chinese Machine Learning Market Share Breakdown by Vertical: 2020 VS 2027
TABLE 41: Chinese Machine Learning Market Growth Prospects in US$ Thousand by Service for the Period 2020-2027
TABLE 42: Chinese Machine Learning Market by Service: Percentage Breakdown of Sales for 2020 and 2027
TABLE 43: Machine Learning Market Estimates and Forecasts in China in US$ Thousand by Deployment: 2020-2027
TABLE 44: Machine Learning Market in China: Percentage Share Analysis by Deployment for 2020 and 2027

EUROPE

Market Facts & Figures

European Machine Learning Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 45: European Machine Learning Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 46: European Machine Learning Market Share Shift by Region/Country: 2020 VS 2027
TABLE 47: European Machine Learning Addressable Market Opportunity in US$ Thousand by Vertical: 2020-2027
TABLE 48: European Machine Learning Market Share Analysis by Vertical: 2020 VS 2027
TABLE 49: European Machine Learning Market Estimates and Forecasts in US$ Thousand by Service: 2020-2027
TABLE 50: European Machine Learning Market Share Breakdown by Service: 2020 VS 2027
TABLE 51: European Machine Learning Market Assessment in US$ Thousand by Deployment: 2020-2027
TABLE 52: Machine Learning Market in Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027

FRANCE

TABLE 53: Machine Learning Quantitative Demand Analysis in France in US$ Thousand by Vertical: 2020-2027
TABLE 54: French Machine Learning Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
TABLE 55: Machine Learning Market in France by Service: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 56: French Machine Learning Market Share Analysis by Service: 2020 VS 2027
TABLE 57: French Machine Learning Market Estimates and Projections in US$ Thousand by Deployment: 2020-2027
TABLE 58: French Machine Learning Market Share Breakdown by Deployment: 2020 VS 2027

GERMANY

TABLE 59: Machine Learning Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Vertical for the Period 2020-2027
TABLE 60: Machine Learning Market Share Distribution in Germany by Vertical: 2020 VS 2027
TABLE 61: Machine Learning Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Service for the Period 2020-2027
TABLE 62: German Machine Learning Market Share Breakdown by Service: 2020 VS 2027
TABLE 63: German Machine Learning Latent Demand Forecasts in US$ Thousand by Deployment: 2020-2027
TABLE 64: German Machine Learning Market Share Breakdown by Deployment: 2020 VS 2027

ITALY

TABLE 65: Italian Demand for Machine Learning in US$ Thousand by Vertical: 2020 to 2027
TABLE 66: Italian Machine Learning Market Share Breakdown by Vertical: 2020 VS 2027
TABLE 67: Italian Machine Learning Market Growth Prospects in US$ Thousand by Service for the Period 2020-2027
TABLE 68: Italian Machine Learning Market by Service: Percentage Breakdown of Sales for 2020 and 2027
TABLE 69: Machine Learning Market Estimates and Forecasts in Italy in US$ Thousand by Deployment: 2020-2027
TABLE 70: Machine Learning Market in Italy: Percentage Share Analysis by Deployment for 2020 and 2027

UNITED KINGDOM

TABLE 71: United Kingdom Demand Estimates and Forecasts for Machine Learning in US$ Thousand by Vertical: 2020 to 2027
TABLE 72: Machine Learning Market Share Shift in the United Kingdom by Vertical: 2020 VS 2027
TABLE 73: United Kingdom Market for Machine Learning: Annual Sales Estimates and Projections in US$ Thousand by Service for the Period 2020-2027
TABLE 74: United Kingdom Machine Learning Market Share Analysis by Service: 2020 VS 2027
TABLE 75: United Kingdom Medium & Long-Term Outlook for Machine Learning Market in US$ Thousand by Deployment: 2020-2027
TABLE 76: United Kingdom Machine Learning Market Percentage Share Distribution by Deployment: 2020 VS 2027

REST OF EUROPE

TABLE 77: Rest of Europe Machine Learning Addressable Market Opportunity in US$ Thousand by Vertical: 2020-2027
TABLE 78: Rest of Europe Machine Learning Market Share Analysis by Vertical: 2020 VS 2027
TABLE 79: Rest of Europe Machine Learning Market Estimates and Forecasts in US$ Thousand by Service: 2020-2027
TABLE 80: Rest of Europe Machine Learning Market Share Breakdown by Service: 2020 VS 2027
TABLE 81: Rest of Europe Machine Learning Market Assessment in US$ Thousand by Deployment: 2020-2027
TABLE 82: Machine Learning Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027

ASIA-PACIFIC

TABLE 83: Machine Learning Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Vertical: 2020-2027
TABLE 84: Asia-Pacific Machine Learning Market Share Analysis: A 7-Year Perspective by Vertical for 2020 and 2027
TABLE 85: Machine Learning Market in Asia-Pacific by Service: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 86: Asia-Pacific Machine Learning Market Share Analysis by Service: 2020 VS 2027
TABLE 87: Asia-Pacific Machine Learning Market Estimates and Projections in US$ Thousand by Deployment: 2020-2027
TABLE 88: Asia-Pacific Machine Learning Historic Market Analysis in US$ Thousand by Deployment: 2020 VS 2027

REST OF WORLD

TABLE 89: Rest of World Machine Learning Market Quantitative Demand Analysis in US$ Thousand by Vertical: 2020 to 2027
TABLE 90: Rest of World Machine Learning Market Share Analysis by Vertical: 2020 VS 2027
TABLE 91: Rest of World Machine Learning Market Estimates and Forecasts in US$ Thousand by Service: 2020 to 2027
TABLE 92: Machine Learning Market in Rest of World: Percentage Share Breakdown of Sales by Service for 2020 and 2027
TABLE 93: Machine Learning Market Analysis in Rest of World in US$ Thousand by Deployment: 2020-2027
TABLE 94: Rest of World Machine Learning Market Share Breakdown by Deployment: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 41

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