Machine learning (ML) is the application of artificial intelligence (AI) for developing systems’ capability to learn automatically and improve their overall performance through experience, without being programmed explicitly. In India, ML is identified as an emerging technology and is adopted largely by retail, transportation, and financial services industries, among others. At present, there is a rise in the demand for professionals skilled in ML across industries.
The AI market in India was valued at INR 472.73 Bn in 2020. It is anticipated to reach INR 2113.60 Bn by 2027, expanding at a CAGR of ~24.17% during the 2021 – 2027 period. The global machine learning market was valued at INR 839.55 Bn in 2020. It is expected to reach INR 7632.45 Bn by 2027, expanding at a CAGR of ~37.16% during the 2021 – 2027 period. AI adoption has become significant in various corporations, with employees from non-technological backgrounds incorporating AI processes into their functional roles.
Impact of COVID-19:
COVID-19 has impacted businesses, economies, as well as management strategies employed by corporations. Businesses are having difficulty meeting customer expectations regarding process optimization and increased security concerns due to the rise in connectivity issues.
The demand for cloud-based collaboration tools, content management solutions, and online streaming platforms has picked up. All organizations use analytics to improve decision-making and automate processes for increased productivity and cost-effectiveness. To meet the demands of clients, new entrants use machine learning for activities ranging from designing games, translating language, predicting future market trends, composing music, as well as diagnosing diseases.
Key deterrents to the growth of the market:
Customers often show concerns about sharing information since their sensitive data may get leaked resulting in difficulty in implementation of cloud-based ML applications for most entrepreneurs. The infrastructure of the IT industry in third-world countries is not developed enough to enhance cloud-based business activities. When system requirements are omitted or not fully met due to human error intervention in the development, testing, or verification processes, system defects in data flow occur.
Table of contents
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
3.2. Applications of machine learning across industries
Chapter 4: Market overview
4.1. Global machine learning market (FY 2020 - FY 2027e)
4.1.1. Artificial intelligence market in India (FY 2020 - FY 2027e)
Chapter 5: Market segmentation
5.1. Market segmentation - Machine learning
5.1.1. Salary-wise segmentation
5.1.2. City-wise segmentation based on open jobs available
Chapter 6: COVID-19 impact analysis
6.1. COVID-19 impact analysis
Chapter 7: Government initiatives
7.1. Government initiatives
Chapter 8: Market influencers
8.1. Market drivers
8.2. Market challenges
Chapter 9: Market trends
9.1. Market trends
Chapter 10: Competitive landscape
10.1. Capgemini Technology Services India Limited
- Company information
- Business description
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
Note: Financial information covered only for public companies.
10.2. Latent View Analytics Limited
10.3. Tata Consultancy Services Limited
10.5. QBurst Technologies Pvt. Ltd.
10.6. SPEC INDIA
10.7. Amazon Web Services, Inc.
10.8. Google India Private Limited
10.9. IBM India Private Limited
10.10. Microsoft Corporation India Private Limited
Chapter 11: Appendix
11.1. Research methodology
11.2. About Netscribes
• Capgemini Technology Services India Limited
• Latent View Analytics Limited
• Tata Consultancy Services Limited
• QBurst Technologies Pvt. Ltd.
• SPEC INDIA
• Amazon Web Services, Inc.
• Google India Private Limited
• IBM India Private Limited
• Microsoft Corporation India Private Limited
Our market research methodology is designed to provide the clients with comprehensive and accurate information
industries and markets. It includes data collection, primary interviews, macro-economic factor analysis,
The data is gathered from a wide range of sources, including industry reports, government statistics, and
This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary
interviews are conducted
with industry experts and key stakeholders to gather their insights and perspectives on the market. This
information is then
combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis
is also carried
out to understand the impact of external factors on the market. Finally, country-level data analysis is
understand the market dynamics in specific regions and countries.
Reportlinker's market research methodology is designed to provide clients with a clear understanding of the
market, its trends,
and its future potential.
+ See all
India Test and Measurement Equipment Market, By Product Type, By Service Type, By Type By End User, By Instrumentation Type, By Region, Competition Forecast & Opportunities, 2018-2028
Artificial Intelligence in Healthcare Market Research Report by Technology, Offering, Application, End User, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030
Trade Management Market Research Report by Component, Organization Size, Deployment Mode, Functionality, Vertical, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030