Skip to main content
  1. Market Insights
  2. Technology
  3. Artificial Intelligence

Machine Learning - Turkey

Turkey
  • The market size in the Machine Learning market is projected to reach US$752.00m in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 36.08%, resulting in a market volume of US$4.77bn by 2030.
  • In global comparison, the largest market size will be United States (US$21.14bn in 2024).

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.

For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Supervised learning applications that require training data, such as image classification
  • Unsupervised learning applications that do not need training data, such as clustering and anomaly detection
  • Reinforcement learning applications that involve learning through trial and error, such as game playing, robotics, and autonomous driving.

Out-Of-Scope

  • Traditional programming tools, such as rule-based systems and algorithmic programming
  • Statistical analysis tools, such as regression analysis and hypothesis testing
  • Non-technical applications, such as financial analysis and business management.
Artificial Intelligence: in-depth market analysis - Cover

Market Insights report

Artificial Intelligence: in-depth market analysis

Study Details

    Value

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Market Size

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Turkey AI market is seeing an impressive growth rate, fueled by the increasing use of machine learning and digital technologies, as well as a growing health consciousness among consumers. The convenience of online health services is also a major factor driving this extraordinary growth.

    Customer preferences:
    As more industries adopt machine learning technology, there is a growing demand for AI-powered solutions in Turkey. This is driven by the country's young and tech-savvy population, along with the government's initiatives to promote digital transformation. In addition, there is a notable shift towards AI-powered personalization and recommendation systems in various sectors, such as e-commerce and marketing, to cater to the changing consumer preferences and behaviors. This trend is also influenced by the increasing reliance on digital channels and the rise of online shopping in Turkey.

    Trends in the market:
    In Turkey, the Machine Learning Market within the Artificial Intelligence Market is experiencing a surge in demand for predictive analytics solutions. This is driven by the increasing adoption of advanced technologies in various industries, such as banking, healthcare, and retail. As a result, there is a growing trend of integrating Machine Learning capabilities into business processes to improve decision-making and efficiency. This has significant implications for industry stakeholders, as it can lead to cost savings, improved customer experience, and competitive advantage. Additionally, the trajectory of this trend is expected to continue, with the market projected to grow at a CAGR of 31.5% from 2021 to 2026. This presents opportunities for businesses to invest in Machine Learning solutions and stay ahead in the rapidly evolving AI landscape.

    Local special circumstances:
    In Turkey, the Machine Learning Market within the Artificial Intelligence Market is influenced by the country's strong tech infrastructure and skilled workforce, with a growing number of startups and companies focusing on AI development. Additionally, the government's investments in AI research and development and its support for innovative technologies have further propelled the market's growth. Turkey's unique geographical location also allows for close collaboration with both European and Middle Eastern markets, providing a diverse pool of opportunities for the Machine Learning Market.

    Underlying macroeconomic factors:
    The Machine Learning Market within the Artificial Intelligence Market in Turkey is influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in research and development. Turkey's strong investment in artificial intelligence and its growing tech industry have created a favorable market environment for machine learning technologies. Moreover, the country's young and tech-savvy population, coupled with its strategic location as a gateway between Europe and Asia, makes it an attractive market for AI-driven solutions. However, economic instability and political uncertainties may hinder market growth in the short term.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Methodology

    Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

    Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

    Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

    Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

    Technology

    Access more Market Insights on Technology topics with our featured report

    Artificial Intelligence: in-depth market analysis - BackgroundArtificial Intelligence: in-depth market analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Artificial intelligence (AI) worldwide - statistics & facts

    Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.
    More data on the topic

    Explore more high-quality data on related topic

    Artificial intelligence (AI) in the U.S. - statistics & facts

    Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.