From the selected regions, the ranking by market size in the 'Machine Learning' segment of the artificial intelligence market is led by Asia with 18.65 billion U.S. dollars and is followed by North America (15.48 billion U.S. dollars). In contrast, the ranking is trailed by Africa with 0.96 billion U.S. dollars, recording a difference of 17.69 billion U.S. dollars to Asia.
Data provided by Statista Market Insights are estimates.
Definition: Machine learning is a branch of artificial intelligence that involves the use of algorithms and statistical models to enable computer systems to learn from data and improve their performance on a task. It has a wide range of applications, including image and speech recognition, natural language processing, and predictive analytics. The Machine Learning market includes software platforms, tools, and services that enable organizations to develop and deploy machine learning applications.
Additional Information:
The Machine Learning market comprises two key performance indicators: market sizes, and market sizes by industry. Market sizes are generated by the funding amount of Artificial Intelligence (AI) companies. Key players of the market include companies such as Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure.
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Statista. (June 13, 2024). Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2023, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. "Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2023, by region (in billion U.S. dollars)." Chart. June 13, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. (2024). Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2023, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista. "Size of The Machine Learning (Ml) Segment of The Artificial Intelligence (Ai) Market in 2023, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Jun 2024, https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
Statista, Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2023, by region (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region (last visited November 05, 2024)
Size of the machine learning (ML) segment of the artificial intelligence (AI) market in 2023, by region (in billion U.S. dollars) [Graph], Statista, June 13, 2024. [Online]. Available: https://www.statista.com/forecasts/1473233/ml-market-size-worldwide-by-region
