Global Machine Learning Market Growth (Status and Outlook) 2023-2029

Machine learning (ML) is the study of algorithms and mathematical models that computer systems use to progressively improve their performance on a specific task.Machine learning (ML) is a discipline of artificial intelligence (AI) that provides machines with the ability to automatically learn from data and past experiences while identifying patterns to make predictions with minimal human intervention.Machine learning (ML) methods enable computers to operate autonomously without explicit programming. ML applications are fed with new data, and they can independently learn, grow, develop, and adapt.

LPI (LP Information)' newest research report, the “Machine Learning Industry Forecast” looks at past sales and reviews total world Machine Learning sales in 2022, providing a comprehensive analysis by region and market sector of projected Machine Learning sales for 2023 through 2029. With Machine Learning sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Machine Learning industry.

This Insight Report provides a comprehensive analysis of the global Machine Learning landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Machine Learning portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Machine Learning market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Machine Learning and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Machine Learning.

The global Machine Learning market size is projected to grow from US$ 15120 million in 2022 to US$ 148920 million in 2029; it is expected to grow at a CAGR of 38.6% from 2023 to 2029.

Global top five manufacturers of Machine Learning occupied for a share over 30 percent, key players are IBM, Dell, HPE, Oracle and Google, etc. North America is the largest market of Machine Learning, has a share nearly 40%, followed by Europe.

This report presents a comprehensive overview, market shares, and growth opportunities of Machine Learning market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Supervised Learning
    Semi-supervised Learning
    Unsupervised Learning
    Reinforcement Learning

Segmentation by application
    Marketing and Advertising
    Fraud Detection and Risk Management
    Computer Vision
    Security and Surveillance
    Predictive Analytics
    Augmented and Virtual Reality
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    IBM
    Dell
    HPE
    Oracle
    Google
    SAP
    SAS Institute
    Fair Isaac Corporation (FICO)
    Baidu
    Intel
    Amazon Web Services
    Microsoft
    Yottamine Analytics
    H2O.ai
    Databricks
    BigML
    Dataiku
    Veritone

List of Tables
    Table 1. Machine Learning Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Supervised Learning
    Table 3. Major Players of Semi-supervised Learning
    Table 4. Major Players of Unsupervised Learning
    Table 5. Major Players of Reinforcement Learning
    Table 6. Machine Learning Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 7. Global Machine Learning Market Size by Type (2018-2023) & ($ Millions)
    Table 8. Global Machine Learning Market Size Market Share by Type (2018-2023)
    Table 9. Machine Learning Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 10. Global Machine Learning Market Size by Application (2018-2023) & ($ Millions)
    Table 11. Global Machine Learning Market Size Market Share by Application (2018-2023)
    Table 12. Global Machine Learning Revenue by Players (2018-2023) & ($ Millions)
    Table 13. Global Machine Learning Revenue Market Share by Player (2018-2023)
    Table 14. Machine Learning Key Players Head office and Products Offered
    Table 15. Machine Learning Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 16. New Products and Potential Entrants
    Table 17. Mergers & Acquisitions, Expansion
    Table 18. Global Machine Learning Market Size by Regions 2018-2023 & ($ Millions)
    Table 19. Global Machine Learning Market Size Market Share by Regions (2018-2023)
    Table 20. Global Machine Learning Revenue by Country/Region (2018-2023) & ($ millions)
    Table 21. Global Machine Learning Revenue Market Share by Country/Region (2018-2023)
    Table 22. Americas Machine Learning Market Size by Country (2018-2023) & ($ Millions)
    Table 23. Americas Machine Learning Market Size Market Share by Country (2018-2023)
    Table 24. Americas Machine Learning Market Size by Type (2018-2023) & ($ Millions)
    Table 25. Americas Machine Learning Market Size Market Share by Type (2018-2023)
    Table 26. Americas Machine Learning Market Size by Application (2018-2023) & ($ Millions)
    Table 27. Americas Machine Learning Market Size Market Share by Application (2018-2023)
    Table 28. APAC Machine Learning Market Size by Region (2018-2023) & ($ Millions)
    Table 29. APAC Machine Learning Market Size Market Share by Region (2018-2023)
    Table 30. APAC Machine Learning Market Size by Type (2018-2023) & ($ Millions)
    Table 31. APAC Machine Learning Market Size Market Share by Type (2018-2023)
    Table 32. APAC Machine Learning Market Size by Application (2018-2023) & ($ Millions)
    Table 33. APAC Machine Learning Market Size Market Share by Application (2018-2023)
    Table 34. Europe Machine Learning Market Size by Country (2018-2023) & ($ Millions)
    Table 35. Europe Machine Learning Market Size Market Share by Country (2018-2023)
    Table 36. Europe Machine Learning Market Size by Type (2018-2023) & ($ Millions)
    Table 37. Europe Machine Learning Market Size Market Share by Type (2018-2023)
    Table 38. Europe Machine Learning Market Size by Application (2018-2023) & ($ Millions)
    Table 39. Europe Machine Learning Market Size Market Share by Application (2018-2023)
    Table 40. Middle East & Africa Machine Learning Market Size by Region (2018-2023) & ($ Millions)
    Table 41. Middle East & Africa Machine Learning Market Size Market Share by Region (2018-2023)
    Table 42. Middle East & Africa Machine Learning Market Size by Type (2018-2023) & ($ Millions)
    Table 43. Middle East & Africa Machine Learning Market Size Market Share by Type (2018-2023)
    Table 44. Middle East & Africa Machine Learning Market Size by Application (2018-2023) & ($ Millions)
    Table 45. Middle East & Africa Machine Learning Market Size Market Share by Application (2018-2023)
    Table 46. Key Market Drivers & Growth Opportunities of Machine Learning
    Table 47. Key Market Challenges & Risks of Machine Learning
    Table 48. Key Industry Trends of Machine Learning
    Table 49. Global Machine Learning Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 50. Global Machine Learning Market Size Market Share Forecast by Regions (2024-2029)
    Table 51. Global Machine Learning Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 52. Global Machine Learning Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 53. IBM Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 54. IBM Machine Learning Product Offered
    Table 55. IBM Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 56. IBM Main Business
    Table 57. IBM Latest Developments
    Table 58. Dell Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 59. Dell Machine Learning Product Offered
    Table 60. Dell Main Business
    Table 61. Dell Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 62. Dell Latest Developments
    Table 63. HPE Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 64. HPE Machine Learning Product Offered
    Table 65. HPE Main Business
    Table 66. HPE Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 67. HPE Latest Developments
    Table 68. Oracle Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 69. Oracle Machine Learning Product Offered
    Table 70. Oracle Main Business
    Table 71. Oracle Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 72. Oracle Latest Developments
    Table 73. Google Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 74. Google Machine Learning Product Offered
    Table 75. Google Main Business
    Table 76. Google Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 77. Google Latest Developments
    Table 78. SAP Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 79. SAP Machine Learning Product Offered
    Table 80. SAP Main Business
    Table 81. SAP Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 82. SAP Latest Developments
    Table 83. SAS Institute Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 84. SAS Institute Machine Learning Product Offered
    Table 85. SAS Institute Main Business
    Table 86. SAS Institute Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 87. SAS Institute Latest Developments
    Table 88. Fair Isaac Corporation (FICO) Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 89. Fair Isaac Corporation (FICO) Machine Learning Product Offered
    Table 90. Fair Isaac Corporation (FICO) Main Business
    Table 91. Fair Isaac Corporation (FICO) Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 92. Fair Isaac Corporation (FICO) Latest Developments
    Table 93. Baidu Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 94. Baidu Machine Learning Product Offered
    Table 95. Baidu Main Business
    Table 96. Baidu Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 97. Baidu Latest Developments
    Table 98. Intel Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 99. Intel Machine Learning Product Offered
    Table 100. Intel Main Business
    Table 101. Intel Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 102. Intel Latest Developments
    Table 103. Amazon Web Services Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 104. Amazon Web Services Machine Learning Product Offered
    Table 105. Amazon Web Services Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 106. Amazon Web Services Main Business
    Table 107. Amazon Web Services Latest Developments
    Table 108. Microsoft Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 109. Microsoft Machine Learning Product Offered
    Table 110. Microsoft Main Business
    Table 111. Microsoft Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 112. Microsoft Latest Developments
    Table 113. Yottamine Analytics Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 114. Yottamine Analytics Machine Learning Product Offered
    Table 115. Yottamine Analytics Main Business
    Table 116. Yottamine Analytics Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 117. Yottamine Analytics Latest Developments
    Table 118. H2O.ai Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 119. H2O.ai Machine Learning Product Offered
    Table 120. H2O.ai Main Business
    Table 121. H2O.ai Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 122. H2O.ai Latest Developments
    Table 123. Databricks Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 124. Databricks Machine Learning Product Offered
    Table 125. Databricks Main Business
    Table 126. Databricks Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 127. Databricks Latest Developments
    Table 128. BigML Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 129. BigML Machine Learning Product Offered
    Table 130. BigML Main Business
    Table 131. BigML Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 132. BigML Latest Developments
    Table 133. Dataiku Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 134. Dataiku Machine Learning Product Offered
    Table 135. Dataiku Main Business
    Table 136. Dataiku Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 137. Dataiku Latest Developments
    Table 138. Veritone Details, Company Type, Machine Learning Area Served and Its Competitors
    Table 139. Veritone Machine Learning Product Offered
    Table 140. Veritone Main Business
    Table 141. Veritone Machine Learning Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 142. Veritone Latest Developments
List of Figures
    Figure 1. Machine Learning Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Machine Learning Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Machine Learning Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Machine Learning Sales Market Share by Country/Region (2022)
    Figure 8. Machine Learning Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Machine Learning Market Size Market Share by Type in 2022
    Figure 10. Machine Learning in Marketing and Advertising
    Figure 11. Global Machine Learning Market: Marketing and Advertising (2018-2023) & ($ Millions)
    Figure 12. Machine Learning in Fraud Detection and Risk Management
    Figure 13. Global Machine Learning Market: Fraud Detection and Risk Management (2018-2023) & ($ Millions)
    Figure 14. Machine Learning in Computer Vision
    Figure 15. Global Machine Learning Market: Computer Vision (2018-2023) & ($ Millions)
    Figure 16. Machine Learning in Security and Surveillance
    Figure 17. Global Machine Learning Market: Security and Surveillance (2018-2023) & ($ Millions)
    Figure 18. Machine Learning in Predictive Analytics
    Figure 19. Global Machine Learning Market: Predictive Analytics (2018-2023) & ($ Millions)
    Figure 20. Machine Learning in Augmented and Virtual Reality
    Figure 21. Global Machine Learning Market: Augmented and Virtual Reality (2018-2023) & ($ Millions)
    Figure 22. Machine Learning in Others
    Figure 23. Global Machine Learning Market: Others (2018-2023) & ($ Millions)
    Figure 24. Global Machine Learning Market Size Market Share by Application in 2022
    Figure 25. Global Machine Learning Revenue Market Share by Player in 2022
    Figure 26. Global Machine Learning Market Size Market Share by Regions (2018-2023)
    Figure 27. Americas Machine Learning Market Size 2018-2023 ($ Millions)
    Figure 28. APAC Machine Learning Market Size 2018-2023 ($ Millions)
    Figure 29. Europe Machine Learning Market Size 2018-2023 ($ Millions)
    Figure 30. Middle East & Africa Machine Learning Market Size 2018-2023 ($ Millions)
    Figure 31. Americas Machine Learning Value Market Share by Country in 2022
    Figure 32. United States Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 33. Canada Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Mexico Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 35. Brazil Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 36. APAC Machine Learning Market Size Market Share by Region in 2022
    Figure 37. APAC Machine Learning Market Size Market Share by Type in 2022
    Figure 38. APAC Machine Learning Market Size Market Share by Application in 2022
    Figure 39. China Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 40. Japan Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 41. Korea Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 42. Southeast Asia Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 43. India Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 44. Australia Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 45. Europe Machine Learning Market Size Market Share by Country in 2022
    Figure 46. Europe Machine Learning Market Size Market Share by Type (2018-2023)
    Figure 47. Europe Machine Learning Market Size Market Share by Application (2018-2023)
    Figure 48. Germany Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 49. France Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 50. UK Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Italy Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 52. Russia Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 53. Middle East & Africa Machine Learning Market Size Market Share by Region (2018-2023)
    Figure 54. Middle East & Africa Machine Learning Market Size Market Share by Type (2018-2023)
    Figure 55. Middle East & Africa Machine Learning Market Size Market Share by Application (2018-2023)
    Figure 56. Egypt Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 57. South Africa Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 58. Israel Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 59. Turkey Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 60. GCC Country Machine Learning Market Size Growth 2018-2023 ($ Millions)
    Figure 61. Americas Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 62. APAC Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 63. Europe Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 64. Middle East & Africa Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 65. United States Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 66. Canada Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 67. Mexico Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 68. Brazil Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 69. China Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 70. Japan Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 71. Korea Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 72. Southeast Asia Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 73. India Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 74. Australia Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 75. Germany Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 76. France Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 77. UK Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 78. Italy Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 79. Russia Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 80. Spain Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 81. Egypt Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 82. South Africa Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 83. Israel Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 84. Turkey Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 85. GCC Countries Machine Learning Market Size 2024-2029 ($ Millions)
    Figure 86. Global Machine Learning Market Size Market Share Forecast by Type (2024-2029)
    Figure 87. Global Machine Learning Market Size Market Share Forecast by Application (2024-2029)

IBM
Dell
HPE
Oracle
Google
SAP
SAS Institute
Fair Isaac Corporation (FICO)
Baidu
Intel
Amazon Web Services
Microsoft
Yottamine Analytics
H2O.ai
Databricks
BigML
Dataiku
Veritone

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape