Global Machine Learning Market: Key Highlights
Global Machine Learning Market: Key Market Dynamics
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Global Machine Learning Market: Regional Overview
The region is encourage private as well as the public sector to adopt the smart technologies in healthcare care industries which will lead to increase the market adoption in the forecast period. Also in 2018, the region had signed a declaration of cooperation on Artificial Intelligence (AI). According to International Air Transport Association (IATA) it being forecast the net profit in 2020 will be USD 7.9 Billion in airlines industry.
Hence, these trend will lead to enhance the growth of the machine learning market in the projected period.
According to the Artificial Intelligence and National Security, by 2020 China is projected to develop a core AI industry of USD 21.7 Billion for the economic development and growth. In 2015 the chine company Baidu has created a software based of AI model for human levels language recognition. Also the Japan self-defense force are boosting its growth with the robots and artificial intelligence to innovate and develop the military sectors.
Hence, the China is projected to reach its 2020 target by 2.5 percent of GDP spending on its R&D which is anticipate to increase the demand of the market in the period of forecast.
Global Machine Learning Market: Key Players Overview
SAP SE is a German multinational software company which help to manage the business operations as well as the customer relations. Whereas the machine learning technology helps them to make fast decision, boost efficiency, and to get better outcomes. In 2018, the company had announced an expansion of SAP Leonardo Machine Learning capabilities with the help of SAP Conversational AI service. Also the SAP Leonardo Machine Learning benefits with the solution which helps the developers to consume, design and scale machine learning as per their requirements.
Microsoft is an American multinational technology company, which supports, and sells computer software. Whereas the Microsoft Azure Machine Learning Studio is join drag-and-drop tool which help to build, test and deploy predictive analytics solutions for the data. In 2019 the company new Azure machine learning updates its entire ML lifecycle to enhance the productivity for the developers as well as for the data scientists. Also, with the help of ML implementation the Open-source provide choice and flexibility for the user.
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