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Europe Machine Learning Market Research Report Includes Size, Share, Trends, Growth Factors, Key Manufacturers and Regional Forecast 2025 – Daily Research Sheets

In a recent published report, Kenneth Research has updated the Market report for Europe Machine Learning Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Europe Machine Learning Market Products.

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The value of the machine learning market in Europe is expected to reach USD 3.96 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 33.5% during 2018-2023.
Machine learning the ability of computers to learn through experiences to improve their performance. Separate algorithms and human intervention are not required to train the computer. It merely learns from its past experiences and examples. In recent times, this market has gained utmost importance due to the increased availability of data and the need to process the data to obtain meaningful insights.
Europe stands in the second position after North America in the machine learning market.

The market can be classified into four primary segments based on components, service, organization size and application.
Based on region, the market is segmented into the European Union five (EU5), rest of Europe.
Based on components the market can be segmented into software tools, cloud and web-based application programming interfaces (APIs) and others.
Based on service, the sub-segments are composed of professional services and managed services.
Based on organization size, the sub-segments include small and medium enterprises (SMEs) and large enterprises.
Based on application, the market is divided into the sub-segments, banking, financial services and insurance (BFSI), automotive, healthcare, government and others.
The trend of supporting, educating, enforcing and steering the economy towards a machine learning-friendly environment is seen to be followed throughout Europe.
European countries are successfully bridging the gap between additional renewable energy and excess power into the grid by making ultra-accurate forecasts of the demand and supply in real time by making use of the machine learning technologies, thereby saving energy and cost.

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Key growth factors

The world-class research facilities, the emerging start-up culture, the innovation and commercialisation of machine intelligence technologies is giving thrust to the machine intelligence market in Europe.
Amongst all regions, Europe has the largest share of intraregional data flow. This, together with the machine learning technologies, is boosting the market in Europe.
The excessive usage of the machine learning technology across economy in all facets of businesses is proving to be a big thrust to the machine learning market. Profound usage has been found in sectors such as agriculture, healthcare and media for optimisation of prices and carrying out predictive maintenance in manufacturing.

Threats and key players

Investors in Europe are more concerned about the ROI from investing in the machine learning market. The adoption of machine learning by the start-ups is a farce in Europe since research suggests that only 5% of the start-ups investing in machine learning end up with a revenue of more than $50 Mn in revenue. Also, opportunities for external investments are bleak.
The machine learning market is in a stage of infancy; there is a lacuna between the skills required and that which is inherent in the workers. It requires a considerable amount of time to pick up the skills. Also, the Europeans are concerned about the penetration of machine learning into their lives, and how it is going to impact employment in the country. Concerns environing these factors are hindering the further developments in the machine learning market.
Given that machine intelligence depends on the easy availability of data, the practice of data minimisation and data privacy standards act as a barrier to the further development of the machine learning market in Europe.
The key players are Microsoft, Google Inc., IBM Watson, Amazon, Intel, Facebook and Apple.

What is covered in the report?

1. Overview of the machine learning in Europe.
2. Market drivers and challenges in the machine learning in Europe.
3. Market trends in the machine learning in Europe.
4. Historical, current and forecasted market size data for the machine learning market in Europe.
5. Historical, current and forecasted market size data for the components segment (software tools, cloud and web-based APIs and others).
6. Historical, current and forecasted market size data for the service segment (professional services and managed services).
7. Historical, current and forecasted market size data for the organisation size segment (SMEs and large enterprises).
8. Historical, current and forecasted market size data for the application segment (BFSI, automotive, healthcare, government and others).
9. Historical, current and forecasted regional (the European Union five (EU5), rest of Europe) market size data for machine learning market.
10. Analysis of machine learning market in Europe by value chain.
11. Analysis of the competitive landscape and profiles of major competitors operating in the market.

Why buy?

1. Understand the demand for machine learning to determine the viability of the market.
2. Determine the developed and emerging markets for machine learning.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments.
5. Evaluate the value chain to determine the workflow.
6. Recognize the key competitors of this market and respond accordingly.
7. Knowledge of the initiatives and growth strategies taken by the major companies and decide on the direction of further growth.

Customizations available

With the given market data, Kenneth Research offers customizations according to specific needs. Write to us at [email protected]

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Europe Machine Learning Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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