COVID-19 Impacts: Machine Learning Market will Accelerate at a CAGR of about 39% through 2020-2024

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the machine learning market and it is poised to grow by $ 11.16 bn during 2020-2024, progressing at a CAGR of about 39% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Inc., SAP SE, and SAS Institute Inc. are some of the major market participants.