According to the
report analysis, ‘Latin America Machine Learning Market
(2018-2023)’ states that there are several key players
which are recently performing their functions more actively for attaining the
huge market share by adopting the effective market strategies and policies
after analyzing and studying the strategies of competitors and government
includes Microsoft, Google Inc., IBM Watson, Amazon, Intel and several others. Additionally,
the value of the machine learning market in Latin America is expected to reach
USD 0.93 Billion by 2023, expanding at a compound annual growth rate (CAGR) of
24.8% during 2018-2023. Furthermore, the region of Latin America is the fast
developing in the sector of machine learning. As the market of machine learning
in Latin America can be ordered into four principal segments which includes
service, size of the organization, application and components. While, with the
effective working of the key players the market of this, is spread across the
Latin America which involves Brazil, Argentina, Mexico and the rest of the
Latin America.
Machine learning is a
type of learning in which the knowledge of algorithms and statistical models
that computer systems utilize progressively to develop their performance on a
precise task. Whereas, the machine learning algorithms are utilized in the
applications of email clarifying, recognition of network trespassers, and
computer vision, where it is feasible to improve an algorithm of specific
directions for functioning the task. In the present time, the market of machine
learning in Latin America has gained utmost importance owing to the augmented
existence of data and the need to process the data to obtain meaningful
insights. The key players of this market in Latin America are playing an
important role by doing effective developments in the technology of machine
learning for delivering better consumer experience and increased the demand for
computer systems which further proved profitable for the introducers of
computer systems and attaining the huge market share. Not only has this, with
the effective applications of machine learning the market of this in Latin
America will grow more significantly in the reviewed period.
On the basis of applications, the market in Latin America is
sub-segmented into banking, financial services and insurance (BFSI),
automotive, government, healthcare and several others. Additionally, based on
the components the market can be segmented into software tools, cloud and
web-based application programming interfaces (APIs) and others. Not only this,
a notable trend of using machine learning in the health service field is
perceived. The doctors utilize the machine learning technologies effectively to
portion the likelihood of patients suffering from zika, dengue fever or
chikungunya in order to preclude future outbreaks.
In Latin America, approximately 75% to 81% of the population retains low
or medium skills. The less skilled and less educated people will find it more
problematic to pick up the skills compulsory for the machine learning industry.
This, therefore, turns as an interruption to the further enlargement in the
machine learning market. Whereas, Latin America's develop towards digital
economy has led to the corporations altering into 'intelligent enterprises'
progress business processes and install 'intelligent machines' to take up
routine work. Therefore, in the near future, it is
expected that the market of machine learning in Latin America will rise more
significantly over the recent few years.
To know more, click on the link below:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/latin-america-machine/172740-105.html
Related Reports :
https://www.kenresearch.com/technology-and-telecom/it-and-ites/north-america-machine/172738-105.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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