IBM Corporation said in 2021 that it will partner with Palantir Technologies Inc. to provide a collaborative solution that enables businesses to build AI applications. The alliance aims to help companies accelerate their digital transformation journey and drive growth through machine learning.
The acquisition of Affirmed Networks, a company specializing in mobile virtualization, by Microsoft Corporation, was announced in 2020. The objective of the acquisition is to enhance Microsoft's machine-learning capabilities and expand the range of products.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5169
Published Date: Aug 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand in the automotive industry and growing technological advancement are some of the major factors anticipated to drive the growth of the machine learning market.
The market is anticipated to attain a CAGR of ~37% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Microsoft Corporation, Amazon Web Services, Inc., Oracle Corporation, Google LLC, SAP SE, SAS Institute Inc., Hewlett Packard Enterprise Development LP, and others.
The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.