Stratview Research delivers key insights on the global Machine Learning Market. According to Stratview Research, the market is segmented By Component (Hardware, Software, Service), By Enterprise Size (SMEs, Large Enterprises), By End-Use (Healthcare, BFSI, Law, Retail, Advertising & Media, Automotive & Transportation, Agriculture, Manufacturing, Others and Rest of the World [Brazil, Argentina, and Others]).

Market Insights

The report suggests that the overall Machine Learning Market was estimated to grow from USD 21.5 billion in 2021 to USD 276.58 billion by 2028 at a CAGR of over 44% during the forecast period.

Market Segments' Analysis

Component Trends

The market has been classified into hardware, software, and service. Under these, the hardware segment held a significant market share in 2021 owing to rising adoption of hardware optimized for machine learning.

Regional Trends

The Asia Pacific market held the highest market share in 2021 and is projected to grow at a healthy CAGR in the coming years. 

Key Players

The following are some of the key players in the machine learning market:

  • H2o.AI (US)
  • Intel Corporation (US)
  • Microsoft Corporation (US)
  • SAS Institute Inc. (US)
  • SAP SE (Germany)


The report answers several questions related to the market. The user can get to know the answers to the following questions…

  • What is the global demand for machine learning market in terms of revenue?
  • Which are the prominent players in the market?
  • At what CAGR is the market projected to grow within the forecast period?
  • What are the driving factors fuelling the growth of the market?
  • Which region accounted for the largest share in the market?
  • How did the Covid19 impacted the market?
  • How long will it take to recover from the Covid impact?

Why Stratview Research?

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  • Appropriate market trend and forecast analysis.
  • All-inclusive report
  • Decent price-performance ratio
  • Reliable data
  • Attractive market segments and associated growth opportunities.
  • Customised report services

About Us –

Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.

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