The global  Artificial Intelligence (AI) advanced Machine Learning (ML) market  size is expected to reach USD 471.39 Billion at a steady CAGR of 35.2% in 2028, according to latest analysis by Emergen Research.

Artificial Intelligence (AI) and advanced Machine Learning (ML) technologies are witnessing increasing demand and deployment across various fields, such as in leading-edge medical diagnostics, advanced quantum computer systems, consumer electronics, and smart personal assistants. Machine Learning is a type of AI, which enables computers to learn without being initially programmed. Rising focus on development of computer programs that can teach themselves and change and evolve when exposed to new data, is a factor driving demand for these technologies.

Key players in the market include NVIDIA Corporation, Prisma Labs, Inc., IBM, Google, Intel Corporation, Clarifai, Inc., Microsoft Corporation, Siemens, Netguru, and Micron Technology.

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Artificial Intelligence and ML are major drivers of hyperautomation. Hyperautomation is a mega trend in IT, according to which anything within an organization that can be automated should be automated. The COVID-19 pandemic has fueled adoption of AI and advanced ML technologies, in which is known as “intelligent process automation” and “digital process automation”. Hyperautomation can be successful only if automated business processes can adapt to changing circumstances and respond to unforeseen events. This is where AI and advanced ML come into play, through the use of which, the system can improve over time and respond to changing business processes and requirements. Rapid trend of hyperautomation is a key factor expected to propel growth of the market going ahead.

Emergen Research has segmented the global Artificial Intelligence advanced Machine Learning market on the basis of functions, organization size, vertical, and region:

• Functions Outlook (Revenue, USD Billion; 2018–2028)
  • Operations
  • Manufacturing
  • Customer Support
  • Sales Marketing
  • Research Development
  • Others

• Organization Size Outlook (Revenue, USD Billion; 2018–2028)
  • Small Medium Enterprises
  • Large Enterprises