About Machine Learning Courses
Machine learning refers to the continual process of learning followed by computer systems to enhance their knowledge about the subject while improving their performance. The learning occurs as a result of extensive amount of data collection, storage, and analysis done by the system without the help of any specifically programmed instructions. In this technique, the analysis includes identifying various patterns and trends in data obtained and then using it to make future course of actions.
Technavio’s analysts forecast the global machine learning courses market to grow at a CAGR of 16.44% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global machine learning courses market for 2017-2021. To calculate the market size, the report considers the fees revenue generated by profit-making machine learning course service providers to the academic and non-academic learner segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Machine Learning Courses Market 2017-2021
Technavio recognizes the following companies as the key players in the global machine learning courses market: edX, Ivy Professional School, NobleProg, and Udacity.
Other Prominent Vendors in the market are: Edvancer, Udemy, Simplilearn, Jigsaw Academy, BitBootCamp, Metis, DataCamp, The Data Incubator, Data Science Retreat, KnowledgeHut, Analytics Training Institute, SlideRule Labs Inc, and Pluralsight.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovative applications of machine learning. The increasing awareness and rising technological advances in machine learning have enabled many vendors in the global machine learning courses market to increase their course offerings. These courses offer more career opportunities as users can implement or develop new technologies in machine learning.”
According to the report, one driver in the market is new learning patterns. Besides the initial tried-and-tested subjects and courses, new degree courses and jobs related to vocational training providing extensive knowledge on IT, science, and communication skills are becoming prevalent in the market, which is leading to the rise in job opportunities for data processing. Innovative courses such as automation bionics and industrial cognitive science aim is to minimize the interaction between employees and robots due to rising demand of employers who are demanding for big data developers or data scientists.
Further, the report states that one challenge in the market is intense competitive rivalry. There is intense competition in the market due to the wide range of machine learning courses offered by different vendors, as most of them offer similar products at different price ranges. Becoming a leading or key player in the market is a challenge as there is not much product differentiation or variation. For instance, Udacity provides machine learning courses for various industries, with differences in aspects like course fee, course module and duration, and faculty. Thus, an intense competitive rivalry is a challenge faced by the market.
edX, Ivy Professional School, NobleProg, Udacity, Edvancer, Udemy, Simplilearn, Jigsaw Academy, BitBootCamp, Metis, DataCamp, The Data Incubator, Data Science Retreat, KnowledgeHut, Analytics Training Institute, SlideRule Labs Inc, and Pluralsight.
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