Machine Learning market is expected to grow to US$ 39.98 billion by 2025 from US$ 1.29 billion

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The sales of Machine Learnings are largely influenced by numerous economic and environmental factors and the global economy plays a key role in the development of machine learning market.




In today’s competitive environment, machine learning technology has become an important part in many applications of the BFSI ecosystem, from approving loans, to managing assets, to assessing risks.

BFSI Institutions face a dynamic & challenging environment with superior competition from specialized Fin-Tech enterprises, increasing regulatory supplies and pressure on interest margins in a low interest rate market.
All of this at a time when consumer behavior is transforming and traditional banking practices and models are no longer adequate to achieve the increasing consumer demands. Machine learning enables them to pioneer in the dynamic business landscape and attain profitable and sustained growth.

The machine learning solution providers are highly benefited with their proficiency in problem solving of a specific classis of business, and leveraging complex analytical algorithms coupled with huge amount of historical data. Furthermost, the cloud enables these service providers to scale the applications in most cost-effective way.

North America hold the largest share of the total market. While APAC is expected to exhibit highest growth.
Asia Pacific in coming years is projected to be the most promising market for machine learning, as the region comprises of some dramatically growing countries, which are highly supported by the government investments initiated towards the development of artificial intelligence technology, and also, subsequently promoting the adoption of cloud-based services.
Rest of the regions like Europe, South America and Middle East & Africa are expected to grow moderately throughout the forecast period.

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