Machine Learning Market in India (2018-2023)

Publisher Name :
Date: 26-Apr-2019
No. of pages: 60

Machine learning (ML) is an emerging artificial intelligence (AI) technology which is being adopted aggressively by retail, transportation (especially airlines), and financial services companies operating in India. In 2018, this resulted in the creation of ~0.18 Mn t- ~0.2 Mn new jobs, for professionals wh- have skills and expertise in machine learning applications.

Global market insights:

The global machine learning market is expected t- reach a value of INR 543.18 Bn by the end of 2023, from INR 91.83 Bn in 2017, expanding at a compound annual growth rate (CAGR) of nearly 42.99%. This growth is attributed t- technological advancements, and its proliferation in the field of data generation.

India market insights:

In India, though the adoption of AI applications is still at a nascent stage, it is anticipated that the market will grow at a high rate in the coming years. Among the various AI technologies being implemented in India, the highest investments are in the field of machine learning applications. In India, investments in artificial intelligence (which was INR 773.64 Bn in 2017) is expected t- expand at a CAGR of 33.49% during the 2018-2023 period. The reason behind such high anticipated investments is the growing popularity of AI technologies, especially ML applications, across business functions like finance, accounting, general management, IT, operations, and administration.

Key growth drivers of the market:

- The implementation of machine learning reduces the chances of human error. Also, it makes machines smarter, thereby reducing their reliance on operators. In a way, machine learning enhances technicians' accuracy and efficiency, owing t- which many companies are switching from traditional data interpretation methods, t- machine learning. This, in turn, is providing growth opportunities for the market in India.

- Cloud-based analytics, when used in conjunction with machine learning, helps analysts identify anomalies in real time, s- that they can be rectified swiftly. The introduction of the concept of stream-based analytic platforms has opened up new avenues for the extensive use of machine learning applications in various sectors of the Indian market.

Key deterrents t- the growth of the market:

Most machine learning applications are interlinked with cloud-based analytics. In order t- update customer information on cloud-based platforms, front line employees ask customers t- provide their personal details (such as social security numbers, financial information, etc.). However, customers are often reluctant t- share such information, owing t- concerns regarding privacy. Customers' apprehensions regarding the safety of their information hinders the implementation of machine learning applications.

Companies covered:

- Artivatic Data Labs Pvt. Ltd.

- Formcept Technologies & Solutions Pvt. Ltd.

- PixelCrayons

- QBurst Technologies Pvt. Ltd.

- Active Intelligence Pte. Ltd.

- Amazon Web Services, Inc.

- Fair Isaac Corporation

- International Business Machines Corporation

- Microsoft Corporation

- Xoriant Corporation

Machine Learning Market in India (2018-2023)

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Indian machine learning market - definition and structure
3.2. Application of machine learning across industries

Chapter 4: Global machine learning market
4.1. Market overview
4.2. Market size and growth forecast - value-wise (2017-2023e)
4.3. Number of machine learning applications published by global companies (2017)
o IBM
o Microsoft
o Google
o LinkedIn
o Facebook
o Intel
o Fujitsu

Chapter 5: Artificial intelligence market in India
5.1. Market overview
5.2. Artificial intelligence market size and growth forecast - investment-wise (2017-2023e)
5.3. Artificial intelligence jobs - city-wise split (2017)
o Bengaluru
o Delhi NCR
o Mumbai
o Hyderabad
o Pune
o Chennai
o Others
5.4. Artificial intelligence applications - business function-wise
o Precision agriculture
o Healthcare
o Indian language project

Chapter 6: Machine learning market segmentation in India
6.1. Machine learning software development - sector-wise split (2018)
o IT services
o Electronics and heavy electrical
o Agriculture
o Automobiles
6.2. Machine learning software development - focus area-wise split (2018)
o Surveillance
o Robotics
o Language processing
o Recruitment
o Virtual assistant
o Process management
o Customer analytics
o Analytics
o Decision making
6.3. Machine learning market - company type-wise split (2018)
o International
o Domestic
6.4. Popularity of machine learning applications - business functions-wise split (2018)
o Finance function
o Accounting
o General management
o IT function
o Operations/production
o Administration

Chapter 7: Key growth drivers of the market

Chapter 8: Key deterrents to the growth of the market

Chapter 9: Competitive landscape
9.1. Artivatic Data Labs Pvt. Ltd.
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments
Note: Similar information areas will be covered for the remaining competitors
9.2. Formcept Technologies & Solutions Pvt. Ltd.
9.3. PixelCrayons.com
9.4. QBurst Technologies Pvt. Ltd.
9.5. Active Intelligence Pte. Ltd.
9.6. Amazon Web Services, Inc.
9.7. Fair Isaac Corporation
9.8. International Business Machines Corporation
9.9. Microsoft Corporation
9.10. Xoriant Corporation

Chapter 10: Recent developments
Appendix
1. Research methodology
2. About Research On Global
  • Global Virtual Schools Market 2020 by Company, Regions, Type and Application, Forecast to 2025
    Published: 09-Jan-2020        Price: US 3480 Onwards        Pages: 124
    Summary Market Overview The global Virtual Schools market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 12.4% in the forecast period of 2020 to 2025 and will expected to reach USD 5076.3 million by 2025, from USD 3175.7 million in 2019. The Virtual Schools market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landsc......
  • Global Education Apps Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 118
    Summary The extensive use of smartphones and tablets by students for study purposes is the primary factor driving the growth of the education apps market. However, to include educational apps as a part of the learning process, educational institutions must have a strong ICT infrastructure. For this, educational institutions need to invest heavily in installing software and enhancing server capabilities. Educational apps are extensively promoting collaborative learning and active l......
  • Global Education Hardware Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 116
    Summary Over the years, there has been a significant increase in the adoption of technology in the education sector globally. With an increase in investment by educational institutions to build IT infrastructure, there has been a noteworthy influence on the way education is imparted. As a result, the traditional classroom structure is gradually being replaced by other modes of education such as blended learning and collaborative learning. Several computing devices vendors i......
  • Global E-learning Packaged Content Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 118
    Summary E-learning refers to learning facilitated with the help of electronic media through online courses and other related materials. These materials are prepared as per the standard curriculum as well as the requirements of end-users and is called packaged content. It is either available through the payment of fees or can be accessed through subscriptions. E-learning is widely adopted by educational institutions, especially for higher education. In the Corporate, Skilled......
  • Global Deep Learning System Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 113
    Summary Deep learning is part of a broader family of machine learning methods based on learning data representations, as opposed to task-specific algorithms. Deep learning deals with learning multiple levels of representation and abstraction that helps make sense of data such as images, sound, and text. The growing need for improved human and system interaction will drive the growth prospects for the global deep learning system market during the forecast period. Since deep ......
  • Global AR in Education Market Size, Status and Forecast 2019-2025
    Published: 30-Dec-2019        Price: US 3900 Onwards        Pages: 91
    AR technology can be used to develop games that combine events in the real world and use virtual information to enhance them.In addition, they provide educators with highly interactive and visual forms of learning.Through the strategy of device + cloud, it is an intelligent platform to greatly improve students' cognition and learning ability in time and space dimensions. In 2018, the global AR in Education market size was xx million US$ and it is expected to reach xx million US$ by the en......
  • Global Digital Classroom Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 112
    Summary A digital classroom is a technology-enabled classroom, supported through by the information and communication technology, wherein educational hardware, software, and digital content are employed. The adoption of cloud computing and learning analytics in teaching are other factors that will propel the adoption of digital classrooms by educational institutions. Cloud computing service providers help users reduce IT overhead expenses through expandable and on-demand se......
  • Global Digital Education Content Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 117
    Summary E-learning has impacted the various aspects of institutions ranging from content creation and delivery to student assessments. As a result, there is a continuous innovation of delivery methods that is providing a solid platform for the digital classroom software market. This market research analysis identifies the emergence of digital learning libraries as one of the primary growth factors for this market. The focus of educational institutions to publish standard an......
  • Global Digital Learning Devices Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application
    Published: 30-Dec-2019        Price: US 3350 Onwards        Pages: 114
    Summary Devices such as tablets, laptops, smartphones, and notebooks have operating systems (OSs) that are capable of performing basic functions similar to those of a personal or desktop computer. These devices are used for digital learning and help educational institutions teach students in a digitally rich environment. The focus is on transforming traditional teaching methodologies and enhancing learning using a range of tools such as graphics, digital text, and audiovisual tool......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs