Machine Learning Market Insights 2018-2024
AI and big data, coupled with cloud computing, have played a big role in the growth of the machine learning market. The latter enables systems to learn from data, find patterns within the data, and make decisions. It is largely adopted across industries such as healthcare, finance, retail, and manufacturing, among others, enhancing effectiveness, customer satisfaction levels, and innovation. The rise of IoT devices has made more data available, thereby increasing market growth. Today, firms are using machine learning mostly for predictive analytics, natural language processing, and autonomous systems. This has motivated major IT firms to allocate significant amounts of money to R&D aimed at improving algorithms and platforms for easier accessibility and scalability.