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FELTON, Calif., April 6, 2021 /PRNewswire/ The global Machine Learning Market is anticipated to value USD 96.7 billion until 2025. It is also expected to register a CAGR of 43.8% over the forecasted years, 2019 to 2025.
What are Key Factors Driving the
Machine Learning Market?
An exponential increase in the generation of data coupled with the need for its analysis for forecasting and predicting future outcomes are projected to propel the demand for ML technology. The segment of large enterprises dominated the global market on account of increasing usage of data science and AI technologies for driving business processes. The SME segment is projected to grow at a substantial growth rate owing to cost-effective and easy deployment offered by ML platforms.
Machine Learning Market Size To Reach $96 7 Billion By 2025, Based on Rising Usage of Data Science & AI Technologies For Driving Business Processes
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Data Protection and Recovery Solutions Market 2021 Global Analysis,Research,Review,Applications And Forecast To 2026
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FELTON, Calif., Feb. 16, 2021 /PRNewswire/ The global indoor location-based services (LBS) market size is anticipated to reach USD 18.74 billion in the year 2025. It is anticipated to register 43.3% CAGR during the forecasted period, 2019 to 2025. This can be attributed to the increasing demand for such services among majority of industrial players for carrying out several marketing and promotional activities across the globe.
In 2018, the Location-based Advertising services held the largest share across the global market due to the rising usage of such services prevalent among the manufacturers for the promotion of products. The proximity beacons segment is projected to witness highest CAGR of 48% from 2019 to 2025 owing to their usage for promotion which is location-based and for advertising at the hyper-local level.