Europe Machine Learning Market Size, Share & Industry Trends Analysis Report By Enterprise Size (Large Enterprises, and SMEs), By Component (Services, Software, and Hardware), By End-use, By Country and Growth Forecast, 2023 - 2030
The Europe Machine Learning Market would witness market growth of 36.1% CAGR during the forecast period (2023-2030).
Technology has opened doors for many uses. To better target audiences and foresee consumer behavior, advertising uses this technology. In AI-driven marketing, several models are utilized to automate, augment, and improve the data into actions. In banking and finance, machine learning is used to carry out activities like asset management and loan approval. The market is growing because of the usage of this technology in other fields, including document management, security, and publication.
By facilitating medical diagnosis, machine learning is revolutionizing healthcare. For instance, one algorithm developed by Google's DeepMind division can identify retinal images of eye disorders like diabetic retinopathy. This technology enables early identification, quick treatment, and decreased burden for medical professionals. Additionally, machine learning is used in creating medications, customized therapy, and forecasting disease outbreaks.
In the financial sector, automatic reply to forecasts for emails and virtual assistants have become standard. To take advantage of banking industry income prospects, machine learning market companies are developing novel face recognition systems. Before a customer asks a banker at an establishment for assistance, these tools aid in prioritizing individual data.
The development and expansion of the market in Germany are fueled by the expanding acceptance of autonomous cars and the growing usage of big data in the country's healthcare sector. Due to its benefits, the cloud is also becoming increasingly popular as the preferred deployment method. Easy access, affordability, real-time monitoring and management, automatic software upgrades, disaster recovery, data loss prevention, etc. are just a few advantages of the cloud. As a result, the region's booming automotive industry and the expanding use of big data in the healthcare business are driving up demand for machine learning and boosting the industry's development. Due to several major companies alongside little competitors, the European industry is quite competitive.
The Germany market dominated the Europe Machine Learning Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $26.5 billion by 2030. The UK market is anticipated to grow at a CAGR of 34.9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 37.1% during (2023 - 2030).
Based on Enterprise Size, the market is segmented into Large Enterprises, and SMEs. Based on Component, the market is segmented into Services, Software, and Hardware. Based on End-use, the market is segmented into Advertising & Media, BFSI, Automotive & Transportation, Manufacturing, Agriculture, Retail, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Baidu, Inc., Google LLC (Alphabet Inc.), H2O.ai, Inc., Hewlett-Packard enterprise Company (HP Development Company L.P.), Intel Corporation, IBM Corporation, Microsoft Corporation, SAS Institute, Inc., SAP SE
Scope of the Study
Market Segments covered in the Report:
By Enterprise Size
- Large Enterprises
- SMEs
- Services
- Software
- Hardware
- Advertising & Media
- BFSI
- Automotive & Transportation
- Manufacturing
- Agriculture
- Retail
- Healthcare
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Baidu, Inc.
- Google LLC (Alphabet Inc.)
- H2O.ai, Inc.
- Hewlett-Packard enterprise Company (HP Development Company L.P.)
- Intel Corporation
- IBM Corporation
- Microsoft Corporation
- SAS Institute, Inc.
- SAP SE
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Machine Learning Market, by Enterprise Size
- 1.4.2 Europe Machine Learning Market, by Component
- 1.4.3 Europe Machine Learning Market, by End-use
- 1.4.4 Europe Machine Learning Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2021
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb – 2023, Jun) Leading Players
- 4.5 Porter’s Five Forces Analysis
- Chapter 5. Europe Machine Learning Market by Enterprise Size
- 5.1 Europe Large Enterprises Market by Country
- 5.2 Europe SMEs Market by Country
- Chapter 6. Europe Machine Learning Market by Component
- 6.1 Europe Services Market by Country
- 6.2 Europe Software Market by Country
- 6.3 Europe Hardware Market by Country
- Chapter 7. Europe Machine Learning Market by End-use
- 7.1 Europe Advertising & Media Market by Country
- 7.2 Europe BFSI Market by Country
- 7.3 Europe Automotive & Transportation Market by Country
- 7.4 Europe Manufacturing Market by Country
- 7.5 Europe Agriculture Market by Country
- 7.6 Europe Retail Market by Country
- 7.7 Europe Healthcare Market by Country
- 7.8 Europe Others Market by Country
- Chapter 8. Europe Machine Learning Market by Country
- 8.1 Germany Machine Learning Market
- 8.1.1 Germany Machine Learning Market by Enterprise Size
- 8.1.2 Germany Machine Learning Market by Component
- 8.1.3 Germany Machine Learning Market by End-use
- 8.2 UK Machine Learning Market
- 8.2.1 UK Machine Learning Market by Enterprise Size
- 8.2.2 UK Machine Learning Market by Component
- 8.2.3 UK Machine Learning Market by End-use
- 8.3 France Machine Learning Market
- 8.3.1 France Machine Learning Market by Enterprise Size
- 8.3.2 France Machine Learning Market by Component
- 8.3.3 France Machine Learning Market by End-use
- 8.4 Russia Machine Learning Market
- 8.4.1 Russia Machine Learning Market by Enterprise Size
- 8.4.2 Russia Machine Learning Market by Component
- 8.4.3 Russia Machine Learning Market by End-use
- 8.5 Spain Machine Learning Market
- 8.5.1 Spain Machine Learning Market by Enterprise Size
- 8.5.2 Spain Machine Learning Market by Component
- 8.5.3 Spain Machine Learning Market by End-use
- 8.6 Italy Machine Learning Market
- 8.6.1 Italy Machine Learning Market by Enterprise Size
- 8.6.2 Italy Machine Learning Market by Component
- 8.6.3 Italy Machine Learning Market by End-use
- 8.7 Rest of Europe Machine Learning Market
- 8.7.1 Rest of Europe Machine Learning Market by Enterprise Size
- 8.7.2 Rest of Europe Machine Learning Market by Component
- 8.7.3 Rest of Europe Machine Learning Market by End-use
- Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.5 SWOT Analysis
- 9.2 Baidu, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent Strategies and Developments:
- 9.2.5.1 Partnerships, Collaborations and Agreements:
- 9.2.6 SWOT Analysis
- 9.3 Google LLC (Alphabet Inc.)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 H2O.ai, Inc.
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
- 9.4.2.1 Partnerships, Collaborations, and Agreements:
- 9.4.2.2 Product Launches and Product Expansions:
- 9.4.3 SWOT Analysis
- 9.5 Hewlett Packard Enterprise Company (HP Development Company L.P.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Intel Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 IBM Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Microsoft Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 SAS Institute, Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Partnerships, Collaborations, and Agreements:
- 9.9.3 SWOT Analysis
- 9.10. SAP SE
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.6 SWOT Analysis
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