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Machine Learning Market by Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunication, Government and Defense, Manufacturing, Energy and Utilities), Deployment Mode, Service, Organization Size, and Region - Global Forecast to 2022

Machine Learning Market by Vertical (BFSI, Healthcare and Life Sciences, Retail, Telecommunication, Government and Defense, Manufacturing, Energy and Utilities), Deployment Mode, Service, Organization Size, and Region - Global Forecast to 2022

The machine learning market is projected to grow at a CAGR of 44.1% during the forecast period
The machine learning market is expected to grow from USD 1.41 billion in 2017 to USD 8.81 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.1%. The proliferation of large and multidimensional data sets, rising focus towards solving real-time problems from data along with rising demand for sophisticated algorithm platform and tool is driving the adoption of machine learning across the globe.

The major issue in front of most of the organizations while incorporating machine learning in their business process is the lack of skilled employees including analytical talent, and the demand for those who can monitor analytical content is even greater.

Professional service segment is expected to have a larger market share during the forecast period
The service segment in the machine learning market includes professional and managed services. Majority of the companies do not have the expertise to successfully manage infrastructure, and hence, they outsource these services to third-party partners to maintain the level of security and safety. The growth of the professional services segment is mainly governed by the complexity of operations and increasing deployment of machine learning solutions.

Large enterprises segment is expected to have a larger market size during the forecast period
The organization size segment in the machine learning market includes Small and Medium-Sized Enterprises (SMEs) and large enterprises. Emergence in the demand for cloud computing, cloud storage, IoT connected devices, and excessive use of smartphones are some of the prime reasons why large enterprises have turned toward machine learning for processing data. In large enterprises, machine learning has a huge potential for the big data technology in allowing precise decision-making for superior performance.

Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period
APAC is estimated to grow at the highest CAGR during the forecast period. Factors, such as continual growth in the mobile network, increasing the complexity of business, rise in demand for intelligent business processes, and exponential growth in data generation throughout the industry verticals are driving the machine learning market in the APAC region. The North American region is expected to have the largest market share during the forecast period. The major growth drivers for this region are the large-scale investments in implementing machine learning services due to the growth in demand for processed data. Moreover, recently the region also witnessed the widespread adoption of cloud-based machine learning platform among large enterprises and SMEs across multiple verticals.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
• By Company Type - Tier 1 - 18%, Tier 2 - 48%, and Tier 3 - 34%
• By Designation – C-level - 22%, Director-level - 43%, and Others - 35%
• By Region –North America - 42%, EMEA (Europe, Middle East and Africa) - 32%, and APAC (Asia Pacific) - 26%

The major machine learning vendors are Microsoft Corporation (Washington, US), IBM Corporation (New York, US), SAP SE (Walldorf, Germany), SAS Institute Inc. (North Carolina, US), Google, Inc. (California, US), Amazon Web Services Inc. (Washington, US), Baidu, Inc. (Beijing, China), BigML, Inc. (Oregon, US), Fair Isaac Corporation (FICO) (California, US), Hewlett Packard Enterprise Development LP (HPE) (California, US), Intel Corporation (California, US), KNIME.com AG (Zurich, Switzerland), RapidMiner, Inc. (Massachusetts, US), Angoss Software Corporation (Toronto, Canada), H2O.ai (California, US), Alpine Data (California, US), Domino Data Lab, Inc. (California, US), Dataiku (Paris, France), Luminoso Technologies, Inc. (Massachusetts, US), TrademarkVision (Pennsylvania, US), Fractal Analytics Inc. (New Jersey, US), TIBCO Software Inc. (California, US), Teradata (Ohio, US), Dell Inc. (Texas, US), and Oracle Corporation (California, US).

Research Coverage
The machine learning market has been segmented on the basis of verticals, deployment modes, organization sizes, services, and region. The machine learning is segmented on the basis of verticals into Banking, Financial Services, and Insurance (BFSI), energy and utilities, healthcare and life sciences, retail, telecommunication, manufacturing, government and defense, and others (transportation, agriculture, media and entertainment, and education). The verticals are further segmented on the basis of application areas, applications of machine learning in BFSI includes fraud and risk management, investment prediction, sales and marketing campaign management, customer segmentation, digital assistance, and others (compliance management and credit underwriting). Applications of machine learning in healthcare and life sciences includes disease identification and diagnosis, image analytics, drug discovery/manufacturing, personalized treatment, and others (clinical trial research and epidemic outbreak prediction). Applications of machine learning in retail includes inventory planning, upsell and cross channel marketing, segmentation and targeting, recommendation engines, and others (customer ROI and lifetime value and customization management). Applications of machine learning in telecommunication includes customer analytics, network optimization, network security, and others (digital assistance/contact centers analytics and marketing campaign analytics). Applications of machine learning in government and defense includes threat intelligence, autonomous defense system, and others (sustainability and operational analytics). Applications of machine learning in manufacturing includes predictive maintenance, demand forecasting, revenue estimation, supply chain management, and others (root cause analysis and telematics). Applications of machine learning in energy and utilities includes power/energy usage analytics, seismic data processing, smart grid management, carbon emission, and others (customer specific pricing and renewable energy management).

The services offered in the machine learning market include professional and managed services. The deployment modes in the machine learning market include the cloud and on-premises. The organization sizes are segmented into Small and Medium-Sized Enterprises (SMEs) and large enterprises. Finally, on the basis of regions, the machine learning market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

The report will help the market leaders and new entrants in the machine learning market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen the organization’s position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2016
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MICROQUADRANT RESEARCH METHODOLOGY
      • Table EVALUATION CRITERIA
      • VENDOR INCLUSION CRITERIA
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL MACHINE LEARNING MARKET SIZE AND GROWTH RATE, 2015-2022 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE MACHINE LEARNING MARKET
    • MACHINE LEARNING MARKET: TOP 3 VERTICALS
    • LIFECYCLE ANALYSIS, BY REGION, 2017-2022
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • MACHINE LEARNING: USE CASES
    • MACHINE LEARNING PROCESS
    • REGULATORY IMPLICATIONS
      • INTRODUCTION
      • SARBANES-OXLEY ACT OF 2002
      • GENERAL DATA PROTECTION REGULATION
      • BASEL
  • MACHINE LEARNING MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN BANKING, FINANCIAL
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN HEALTHCARE AND LIFE SCIENCES
        • Table HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN RETAIL
        • Table RETAIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN TELECOMMUNICATION
        • Table TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN GOVERNMENT AND DEFENSE
        • Table GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN MANUFACTURING
        • Table MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • MACHINE LEARNING APPLICATION IN ENERGY AND UTILITIES
        • Table ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • OTHER APPLICATIONS
  • MACHINE LEARNING MARKET ANALYSIS, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
    • CLOUD
    • ON-PREMISES
  • MACHINE LEARNING MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
    • SMALL AND MEDIUM-SIZED ENTERPRISES
  • MACHINE LEARNING MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • PROFESSIONAL SERVICES
    • MANAGED SERVICES
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MACHINE LEARNING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • BY VERTICAL
        • Table NORTH AMERICA: MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: RETAIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table NORTH AMERICA: ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table NORTH AMERICA: MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • BY DEPLOYMENT MODE
        • Table NORTH AMERICA: MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • BY SERVICE
        • Table NORTH AMERICA: MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • EUROPE
      • BY VERTICAL
        • Table EUROPE: MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
        • Table EUROPE: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: RETAIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table EUROPE: ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table EUROPE: MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • BY DEPLOYMENT MODE
        • Table EUROPE: MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • BY SERVICE
        • Table EUROPE: MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • BY VERTICAL
        • Table ASIA PACIFIC: MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: MACHINE LEARNING MARKET SIZE IN RETAIL, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table ASIA PACIFIC: ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table ASIA PACIFIC: MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • BY DEPLOYMENT MODE
        • Table ASIA PACIFIC: MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • BY SERVICE
        • Table ASIA PACIFIC: MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • BY VERTICAL
        • Table MIDDLE EAST AND AFRICA: MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: RETAIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table MIDDLE EAST AND AFRICA: MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • BY DEPLOYMENT MODE
        • Table MIDDLE EAST AND AFRICA: MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • BY SERVICE
        • Table MIDDLE EAST AND AFRICA: MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • BY VERTICAL
        • Table LATIN AMERICA: MACHINE LEARNING MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: BANKING, FINANCIAL SERVICES, AND INSURANCE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: HEALTHCARE AND LIFE SCIENCES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: RETAIL MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: TELECOMMUNICATION MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: GOVERNMENT AND DEFENSE MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: MANUFACTURING MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
        • Table LATIN AMERICA: ENERGY AND UTILITIES MARKET SIZE, BY APPLICATION, 2015-2022 (USD MILLION)
      • BY ORGANIZATION SIZE
        • Table LATIN AMERICA: MACHINE LEARNING MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • BY DEPLOYMENT MODE
        • Table LATIN AMERICA: MACHINE LEARNING MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • BY SERVICE
        • Table LATIN AMERICA: MACHINE LEARNING MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MARKET RANKING FOR THE MACHINE LEARNING MARKET, 2017
      • Table MARKET RANKING FOR THE MACHINE LEARNING MARKET, 2017
  • COMPANY PROFILES
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MICROSOFT CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SAP SE
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SAS INSTITUTE INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • AMAZON WEB SERVICES, INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BIGML, INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GOOGLE INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • FAIR ISAAC CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BAIDU, INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • INTEL CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • H2O.AI
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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