Product ID: SQMIG45D2080
Report ID:
SQMIG45D2080 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
122 |
Figures:
77
Machine Learning Market size was valued at USD 6.91 billion in 2019 and is poised to grow from USD 9.95 billion in 2023 to USD 183.21 billion by 2031, growing at a CAGR of 44.1% in the forecast period (2024-2031).
With the use of machine learning (ML), which is a form of artificial intelligence (AI), software programs may anticipate outcomes more accurately without having to be explicitly instructed to do so. In order to forecast new output values, machine learning algorithms use past data as input. The global machine learning market is expected to observe a boost as machine learning will become a significant trend in security analytics as businesses use more sophisticated security frameworks. Cyber specialists struggle greatly to detect and analyze prospective cyber threats and attacks since there is so much data being produced and transmitted across many networks.
As cyber risks become more pervasive and sophisticated, with supply chain attacks increasing by 42% in the first quarter of 2021 in the US, affecting up to 7,000,000 individuals, machine-learning algorithms can help enterprises and security teams anticipate, detect, and recognize cyber-attacks more swiftly. For example, the promise of 5G wireless networking and edge computing for the digital revolution will be demonstrated, according to AT&T and IBM. Together, they have developed virtual environments that let business clients really feel the potential of AT&T connection when combined with IBM hybrid cloud and AI technologies. Businesses from all sectors, including the public sector, manufacturing, and financial services, can benefit from this collaboration to innovate quickly and securely and address issues plaguing several sectors at the moment, such as supply chain disruptions, cyber threats, ransomware, and the demand for frictionless services in the 5G era. This is expected to boost the global machine learning market during the forecast period.
US Machine Learning Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONMachine Learning Market size was valued at USD 6.91 billion in 2019 and is poised to grow from USD 9.95 billion in 2023 to USD 183.21 billion by 2031, growing at a CAGR of 44.1% in the forecast period (2024-2031).
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Product ID: SQMIG45D2080