New York, USA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Self-Supervised Learning Market Analysis:
According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Self-Supervised Learning Market By Technology, By End Use and By Region – Market Forecast Till 2032”. The global self-supervised learning market will touch USD 108.6 billion at a 33.80% CAGR by 2032, as per the recent Market Research Future report.
Self-Supervised Learning Drivers:
Growing Application of ML in Healthcare Sector to Bolster Market Growth
Numerous healthcare-related scenarios are already aided by ML technology. In the healthcare sector, this technology is utilized for a variety of tasks including resource allocation, forecasting outcomes, providing rapid risk assessments, and analyzing millions of distinct data points. Identification and Diagnosis of Disease One of the most important uses of this technology within healthcare is finding and diagnosing diseases & problems that might oftentimes be difficult to diagnose.
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Key Players:
Eminent industry players profiled in the global self-supervised learning market report include:
- IBM
- Alphabet Inc. (Google LLC)
- Microsoft
- Amazon Web Services Inc.
- SAS Institute Inc.
- Dataiku
- The MathWorks, Inc.
- Meta
- Databricks
- DataRobot, Inc.
- Apple Inc.
- Tesla
- Baidu, Inc.
Self-Supervised Learning Opportunities:
Increasing Use of Cloud Computing Technology to offer Robust Opportunities
The industry is growing as a consequence of the increased use of social media platforms and cloud computing technology. Cloud computing, which provides enterprise storage solutions, is currently used in the majority of enterprises. The use of cloud storage allows for online data analysis, which has the advantage of allowing for real-time analysis of cloud-generated data. Due to cloud computing, data analysis is feasible at any time & from any location.
Scope of the Report – Self-Supervised Learning Market:
Report Metrics | Details |
Market Size by 2032 | USD 108.6 Billion |
CAGR during 2023-2032 | 33.80% |
Base Year | 2022 |
Forecast | 2023-2032 |
Key Market Opportunities | Rapid changes in business model technology |
Key Market Dynamics | The increasing applications of technologies such as voice recognition & face detection and the increasing need to streamline workflow across industries |
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Restraints and Challenges:
Lack of Skilled Experts to act as Market Restraint
The lack of skilled experts for machine learning may act as market restraints over the forecast period.
Market Analysis:
The global self-supervised learning market is bifurcated based on technology and end use.
By technology, NLP will lead the market over the forecast period. The expansion of NLP applications like text prediction & chatbots across sectors is responsible for the growth of this market. Additionally, regional and international market participants provide NLP-based solutions.
By end use, BFSI will domineer the market over the forecast period. The increasing use of AI & ML technologies within the industry is responsible for the market expansion in this niche.
COVID-19 Analysis:
The COVID-19 epidemic possessed a positive effect on the development of the self-supervised learning market all over the world thanks to an increase in smartphone users, a rise in the adoption of connected products, and a booming e-commerce sector. The COVID-19 virus's growth was slowed down by a thriving digital & artificial intelligence sector. Additionally, post-pandemic has assisted in lowering operating expenses for a firm's numerous business processes. Additionally, this will aid numerous firms in recouping damages sustained as a result of the COVID-19 epidemic. During the COVID-19 era, the pandemic outbreak aided physicians and other healthcare professionals in providing their services efficiently through the usage of self-supervised learning tools.
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Regional Analysis:
North America to Head Self-Supervised Learning Market
In 2022, this market was headed by the North American Self-supervised Learning Market (45.80%). The existence of major market players like Microsoft, Google, & Meta within the United States, as well as the availability of experts and a strong technological infrastructure, are predicted to fuel the expansion of the industry in the area. Additionally, the North American self-supervised learning market in the United States had the biggest market share, while the market in Canada had the quickest rate of expansion.
The self-supervised learning market study is expected to be dominated by North America throughout the projection period due to the region's significant industrial base, various government programs in order to support innovation, and high buying power. The U.S. is where growth is mostly centered. Print management solutions are commonly used by big data software users to save costs, enhance industry performance, and increase worker productivity. However, the Asia-Pacific region is anticipated to increase significantly throughout the projected period due to developing economies like China and India as well as cloud-native nations like Japan.
APAC to Have Admirable Growth in Self-Supervised Learning Market
From 2023 to 2032, the Asia Pacific market is anticipated to experience considerable expansion. The market in the area is growing as a consequence of growing public investments in AI products and the popularity of the self-supervised learning applications. Additionally, the Indian market had the Asia-Pacific region's fastest growing market and China's Self-supervised Learning market had the greatest market share. A wide range of sectors in the Asia Pacific are actively investigating and deploying AI technology, including manufacturing, healthcare, e-commerce, and finance.
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These sectors can benefit from using their unlabeled data to enhance their AI model & have a competitive edge by using self-supervised learning approaches. As a result of the region's abundance of heterogeneous and unlabeled data, self-supervised learning algorithms can flourish there. There are many different languages, dialects, and writing systems in Asia Pacific. Self-supervised learning can aid in the creation of linguistic models and systems for natural language processing that are capable of handling this linguistic variety.
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