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FELTON, Calif., April 6, 2021 /PRNewswire/ -- The global Machine Learning Market is anticipated to value USD 96.7 billion until 2025. It is also expected to register a CAGR of 43.8% over the forecasted years, 2019 to 2025.
What are Key Factors Driving the
Machine Learning Market?
An exponential increase in the generation of data coupled with the need for its analysis for forecasting and predicting future outcomes are projected to propel the demand for ML technology. The segment of large enterprises dominated the global market on account of increasing usage of data science and AI technologies for driving business processes. The SME segment is projected to grow at a substantial growth rate owing to cost-effective and easy deployment offered by ML platforms.