Market Research Report
Europe Machine Learning Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||678055|
|Published||Content info||103 Pages
Delivery time: 2-3 business days
|Europe Machine Learning Market Forecast 2019-2027|
|Published: August 12, 2019||Content info: 103 Pages||
In Europe, the machine learning market is expected to proliferate at 32.35% CAGR over the forecast period of 2019-2027. The Europe machine learning market is predicted to generate a revenue of $XX million by 2027. The market will witness mounting growth in upcoming years owing to the widening applications of machine learning technology in several industry verticals such as Banking & Insurance, healthcare, telecommunication, and manufacturing, among others.
The Europe machine learning market is studied over countries such as France, Spain, Germany, the United Kingdom, and Rest of Europe region that includes remaining European countries. The applications of machine learning in various sectors is surging its demand in the region. Machine learning algorithms are used in cybersecurity. Also, the governments in European countries are taking initiatives to promote the deployment of machine learning and artificial intelligence across several industries. In addition, the rising big data analytics and establishment of artificial intelligence-based start-ups together with increasing investments in the European region is augmenting the growth of machine learning market.
Microsoft Corporation, Intel Corporation, Google Inc., Hewlett Packard Enterprise (HPE), and IBM Corporation are few of the established players operating in the machine learning market. The prominent companies focus on strategies like new product development, acquisition, collaborations, and partnership to maintain a stronghold in the market.