Global Machine Learning Market 2020-2024

Global Machine Learning Market 2020-2024Technavio has been monitoring the global machine learning market and it is poised to grow by USD 11.16 bn during 2020-2024, progressing at a CAGR of 39% during the forecast period. Our reports on global machine learning market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of cloud-based offerings. In addition, increasing use of machine learning in customer experience management is anticipated to boost the growth of the global machine learning market as well.

Market Segmentation

Technavio's global machine learning market is segmented as below:

End-User:

  • BFSI
  • Retail
  • Telecommunications
  • Healthcare
  • Others
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global machine learning market growth

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

Prominent vendors in global machine learning market

We provide a detailed analysis of around 25 vendors operating in the global machine learning market 2020-2024, 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. .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
      • Table Product / Service portfolio of key vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • BFSI - Market size and forecast 2019-2024
      • Table BFSI - Market size and forecast 2019-2024 ($ billion)
      • Table BFSI - Year-over-year growth 2019-2024 (%)
    • Retail - Market size and forecast 2019-2024
      • Table Retail - Market size and forecast 2019-2024 ($ billion)
      • Table Retail - Year-over-year growth 2019-2024 (%)
    • Telecommunications - Market size and forecast 2019-2024
      • Table Telecommunications - Market size and forecast 2019-2024 ($ billion)
      • Table Telecommunications - Year-over-year growth 2019-2024 (%)
    • Healthcare - Market size and forecast 2019-2024
      • Table Healthcare - Market size and forecast 2019-2024 ($ billion)
      • Table Healthcare - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ billion)
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer landscape
    • Overview
      • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Increasing adoption of cloud-based offerings
      • Increasing use of machine learning in customer experience management
      • Increasing use of machine learning in predictive analytics
    • Market challenges
      • Shortage of skilled personnel
      • Data privacy issues and regulations
      • Data integration issues
        • Table Impact of drivers and challenges
    • Market trends
      • Application of machine learning to IoT data
      • Increasing technology investments in retail industry
      • Growing number of acquisitions and partnerships
  • Vendor Landscape
    • Table Vendor Landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alibaba Group Holding Ltd.
      • Table Alibaba Group Holding Ltd. – Overview
      • Table Alibaba Group Holding Ltd. - Business segments
      • Table Alibaba Group Holding Ltd. - Key news
      • Table Alibaba Group Holding Ltd. - Key offerings
      • Table Alibaba Group Holding Ltd. - Segment focus
    • Alphabet Inc.
      • Table Alphabet Inc. – Overview
      • Table Alphabet Inc. - Business segments
      • Table Alphabet Inc. - Key news
      • Table Alphabet Inc. - Key offerings
      • Table Alphabet Inc. - Segment focus
    • Amazon.com Inc.
      • Table Amazon.com Inc. – Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • Cisco Systems Inc.
      • Table Cisco Systems Inc. – Overview
      • Table Cisco Systems Inc. - Business segments
      • Table Cisco Systems Inc. - Key news
      • Table Cisco Systems Inc. - Key offerings
      • Table Cisco Systems Inc. - Segment focus
    • Hewlett Packard Enterprise Development LP
      • Table Hewlett Packard Enterprise Development LP – Overview
      • Table Hewlett Packard Enterprise Development LP - Business segments
      • Table Hewlett Packard Enterprise Development LP - Key news
      • Table Hewlett Packard Enterprise Development LP - Key offerings
      • Table Hewlett Packard Enterprise Development LP - Segment focus
    • International Business Machines Corp.
      • Table International Business Machines Corp. – Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key news
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Microsoft Corp.
      • Table Microsoft Corp. – Overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Key news
      • Table Microsoft Corp. - Key offerings
      • Table Microsoft Corp. - Segment focus
    • Salesforce.com Inc.
      • Table Salesforce.com Inc. – Overview
      • Table Salesforce.com Inc. - Business segments
      • Table Salesforce.com Inc. – Key news
      • Table Salesforce.com Inc. - Key offerings
      • Table Salesforce.com Inc. - Segment focus
    • SAP SE
      • Table SAP SE – Overview
      • Table SAP SE - Business segments
      • Table SAP SE - Key news
      • Table SAP SE - Key offerings
      • Table SAP SE - Segment focus
    • SAS Institute Inc.
      • Table SAS Institute Inc. – Overview
      • Table SAS Institute Inc. - Product and service
      • Table SAS Institute Inc. - Key news
      • Table SAS Institute Inc. - Key offerings
  • Appendix
    • Scope of the report
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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