Machine learning tools are algorithmic applications of artificial intelligence that give systems the ability to learn and improve without ample human input; similar concepts are data mining and predictive modeling. They allow software to become more accurate in predicting outcomes without being explicitly programmed. The idea is that a model or algorithm is used to get data from the world, and that data is fed back into the model so that it improves over time. It’s called machine learning because the model “learns” as it is fed more and more data.
This report contains market size and forecasts of Machine Learning Tools in Global, including the following market information:
Global Machine Learning Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Machine Learning Tools market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-Premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Machine Learning Tools include Microsoft, IBM, Google, RStudio, Amazon, Oracle, Meta Platforms, Kira and Databricks, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Machine Learning Tools companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Machine Learning Tools Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Machine Learning Tools Market Segment Percentages, by Type, 2021 (%)
On-Premise
Cloud-Based
Global Machine Learning Tools Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Machine Learning Tools Market Segment Percentages, by Application, 2021 (%)
Manufacturing
Retail
Agriculture
Healthcare
Global Machine Learning Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Machine Learning Tools Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Machine Learning Tools revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Machine Learning Tools revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Microsoft
IBM
Google
RStudio
Amazon
Oracle
Meta Platforms
Kira
Databricks
DataRobot
OpenText
Scikit-learn
Catalyst
XGBoost
LightGBM