Lucintel's latest market report analyzed that machine learning technology in the global artificial intelligence provides attractive opportunities in the healthcare, BFSI, law, retail, advertising & media, automotive & transportation, agriculture, and manufacturing end use industries. The machine learning technology in the global artificial intelligence market is expected to reach $22.5 billion by 2028 with a CAGR of 26.2%. In this market, large enterprises is the largest segment by organization size, whereas BFSI is largest by end use industry.
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Based on organization size, the machine learning technology in the global artificial intelligence market is segmented into SMEs and large enterprises. The large enterprises segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing adoption of technologies, such as artificial intelligence and data science, to inject predictive insights into business operations.
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The Machine Learning Technology in the Global Artificial Intelligence Market is marked by the presence of several big and small players. Some of the prominent players offering machine learning technology in the global artificial intelligence include Oracle, IBM, Amazon Web Services, Microsoft Corporation, SAP SE, Google, Baidu, Intel Corporation, Hewlett Packard Enterprise Development LP, and Dell.
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