Product ID: SQMIG45D2080
Global Machine Learning Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Deployment(Cloud, On-Premise), By Enterprise Size(SMEs, Large Enterprise), By End User(Healthcare, Retail) - Industry Forecast 2024-2031
Report ID:
SQMIG45D2080 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Global Machine Learning Market Dynamics
Machine Learning Market Driver
- Machine learning technology is already helping in a number of healthcare-related situations. This technology is used in the healthcare industry to evaluate millions of different data points, forecast outcomes, provide quick risk assessments, and allocate resources precisely, among many other things. For instance, today IBM Watson Health and Healthcare IT Leaders announced the combination of IBM Digital Health Pass and Healthcare IT Leaders Healthy Returns, a full set of corporate COVID-19 services.
- Medical Imaging Diagnosis: Computer vision is a cutting-edge method that blends ML and deep learning. The Microsoft InnerEye initiative, which focuses on image diagnostic tools for image analysis, has approved this. For instance, an AI model developed by a team of researchers from IBM and Pfizer can predict with a 71 percent accuracy the eventual beginning of Alzheimer's disease in healthy individuals using tiny samples of linguistic data (obtained via clinical verbal cognition tests).
Machine Learning Market Restraint
- A wide range of advantages provided by the ML platform contributes to the market expansion. However, the platform is missing several essential elements that are anticipated to impede market expansion. The market is significantly constrained by the existence of inaccurate algorithms, which are occasionally underdeveloped. Precision is crucial for industrial companies using big data and machine learning. Up until the system has all the parameters set and the error margin is near to or equal to zero, human input is necessary. Therefore, this element can limit the global machine learning market expansion.
Global Machine Learning Market Report Snapshots
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