Market Research Report
Asia Pacific Machine Learning Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||678054|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Asia Pacific Machine Learning Market Forecast 2019-2027|
|Published: August 12, 2019||Content info: 110 Pages||
The Asia-Pacific machine learning market is predicted to contribute $XX million by 2027 while registering the CAGR of 32.92% in the global market by the end of the forecast period of 2019-2027. The widening consumer base of machine learning technology accompanied by government policies promoting artificial intelligence in the region is showcasing tremendous opportunities for market growth.
Countries like India, China, Japan, and Australia are expected to showcase considerable growth over the forecast period. The Indian machine learning is primarily driven by the entry of start-ups with advanced machine learning platform and services coupled with government initiatives to promote the technology. Data scientists, programmers, or machine learning codes are made available by managed machine learning service providers for installation, integration, and maintenance of machine learning solutions. Significant applications of managed services are found in automation, predictive analysis, ERP, etc. Though the technological advancements and its adoption are fuelling the market growth, the complexities involved in managing sensitive data of companies along with the technical limitations are hindering market development.
Fair Isaac Corporation (FICO), Google Inc., Fractal Analytics, IBM Corporation, Dell Inc., and Hewlett Packard Enterprise (HPE), among others, are examples of few firms providing machine learning services in the market. Though the market has the presence of large organizations, less regulatory norms, capital investment, and lucrativeness of the market is attracting new players. Also, the rising adoption of machine learning across industries is leading to the emergence of start-ups in the region.