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Machine Learning Market: An In-depth Analysis from 2018-2027, Highlighting Key Players, Types, Applications, Regional Trends, Opportunities, Challenges, and Risk Factors in the Competitive Landscape | Douglas Insights

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Douglas, Isle Of Man, Feb. 03, 2023 (GLOBE NEWSWIRE) — The machine learning market‘s prospects, trends, driving forces, expectations, and restraints are now included in Douglas Insights, one of the first comparison engines in the world. Organisations, industry experts, market analysts, and researchers can use the comprehensive study offered by Douglas Insights to access a thorough analysis of data, market intelligence, and research reports. The study is highly beneficial for both data analysts and market researchers because it provides a selection of both public and private assessments on the criteria of publisher rating, table of contents, date of publication, and price. 

Machine learning is a form of analysis of data that incorporates statistical research methods to provide desired predictive outputs Without the need for human input. In order to achieve the intended outcome, it employs a series of algorithms to understand the connection between datasets. 

Decreasing both time and workload is the responsibility of machine learning. By automation, the algorithm completes the challenging task. Standard solutions are unable to process and assess the data as ML can. Data is the most important element in each and every model for machine learning. These elements are fueling market expansion. 

Browse to access an In-depth research report on Global Machine Learning Market with detailed charts and figures:        https://douglasinsights.com/machine-learning-market           

Robots are now better capable of contributing to applications like automated driving and drones because of developments in machine learning. The market has grown as a result of the expanding need for innovative automated devices in a variety of sectors.

Due to advancements in network connectivity systems, the demand for sensing devices, connected machinery, and equipment in the industry is anticipated to increase dramatically.

Due to the expanding implementation of technology improvements across a variety of industries, including healthcare, manufacturing, retail, and automotive, the worldwide machine learning market is anticipated to grow throughout the projected time frame. The market is forecasted to be driven by the growing prevalence of ML and AI technologies.  Deep learning is the branch of artificial intelligence that is predicted to dominate the marketplace in the years to come, given its growing capacity for learning and implementing innovation. 

The COVID-19 outbreak had a favourable influence on the market as a result of the rising need for data analysis techniques across a variety of industries, including automotive, retail, and healthcare. Due to expanding activities in the medical business, it is also anticipated that there will be an increase in demand for such technologies in the healthcare industry. The software for data analysis was extensively utilised to track data and keep tabs on the COVID-19 virus’s prevalence in various nations. Due to these elements, the market has grown throughout the pandemic. 

Due to the rising need for automated information analysis solutions, the market for machine learning is predicted to expand significantly throughout the projected time frame. Additionally, the healthcare industry has a strong demand for these solutions, which is expected to fuel the market and boost growth. Furthermore, it is anticipated that the rate at which the market generates revenue will expand as a result of technological advancement and rising investments in new technologies in emerging economies. These elements are most likely to guarantee the machine learning (ML) market during the anticipated time frame. However, technical constraints and a low level of precision can impede market expansion. 

Browse to access an In-depth research report on Global Machine Learning Market with detailed charts and figures: https://douglasinsights.com/machine-learning-market      

By integrating machine learning within business operations, most companies face significant challenges due to a lack of competent personnel with analytical skills. The need for individuals who can analyse statistics is even higher. 

The selection of algorithms in machine learning remains a manual procedure. We need to execute and verify each one of the algorithms on the dataset. Only then can one decide which algorithm to utilise. 

The biggest problem appears when testing and training actual data. The size of the information may make it challenging to eliminate errors. Robotic process automation procedures that leverage artificial intelligence are susceptible to fraud and unintentional usage, which could stunt business expansion. 

During the projected period, North America will dominate the worldwide machine learning (ML) share of the market. The market is anticipated to grow as a result of the continent’s significant R&D industry. 

In the future years, Europe is anticipated to have rapid expansion due to the growing skilled labour force. Growth will be fuelled by rising demand for AI in the applications and commodities industries.

Set a budget for a custom project and see offers from publishers all over the world: https://douglasinsights.com/projects

Countries Covered in the report are as below:

  • North America – United States, Canada, and Mexico
  • Europe – United Kingdom, Germany, France, Italy, Russia, Spain & Rest of Europe
  • Asia-Pacific – China, India, Japan, South Korea, Australia & Rest of APAC
  • Latin America – Brazil, Argentina, Peru, Chile & Rest of Latin America
  • Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa

Segmentation Covered into Global Machine Learning Market-

Market Breakdown by Type of Machine Learning

  • Introduction
  • Supervised Learning
  • Unsupervised Learning
  • Semi-supervised Learning
  • Reinforcement Learning

Market Breakdown by Solution

  • Introduction
  • Software
  • Software Platform Components
  • Services
  • Integration and Deployment
  • Training and Consulting
  • Support and Maintenance

Market Breakdown by Organization Size

  • Introduction
  • Large Enterprises
  • Benefits for Large Enterprises
  • Small and Medium Enterprises (SMEs)
  • Market Breakdown by Deployment Mode
  • Introduction
  • On-premises
  • Cloud

Market Breakdown by End Use

  • Introduction
  • Banking, Financial Services and Insurance (BFSI)
  • Machine-Learning Applications
  • Healthcare and Life Sciences
  • Machine-Learning Applications
  • Retail
  • Machine-Learning Applications
  • IT and Telecommunication
  • Machine-Learning Applications
  • Government and Defense
  • Machine-Learning Applications
  • Manufacturing
  • Machine-Learning Applications
  • Energy and Utilities
  • Machine-Learning Applications
  • Others

Key questions answered in this report

  • COVID 19 impact analysis on global Machine Learning industry.
  • What are the current market trends and dynamics in the Machine Learning market and valuable opportunities for emerging players?
  • What is driving Machine Learning market?
  • What are the key challenges to market growth?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which product type segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Machine Learning market?
  • Key growth pockets on the basis of regions, types, applications, and end-users
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Unique data points of this report

  • Statistics on Machine Learning and spending worldwide
  • Recent trends across different regions in terms of adoption of Machine Learning across industries
  • Notable developments going on in the industry
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)

Access complete report-        https://douglasinsights.com/machine-learning-market     

Inquire (for customization, for specific regions, etc.): https://douglasinsights.com/static/contact-us

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About Douglas Insights-

Douglas Insights UK limited is the first company to provide comparison of market research reports by Table of content, price, ratings and number of pages. We understand the value of time. Productivity and efficiency are possible when you take prompt and assured decisions. With our advanced algorithm, filters, and comparison engine, you can compare your preferred reports simultaneously, based on publisher rating, published date, price, and list of tables. Our data portal enables you to find and review the reports from several publishers. You can evaluate numerous reports on the same screen and select the sample for your best match.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Zetrix and Beitou Launch Digital ID & Driver’s Licence Services on Blockchain

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Service is the first global W3C-compliant Verifiable Credential implementation and will be initially used by China domestic users travelling abroad
KUALA LUMPUR, Malaysia, Dec. 10, 2023 /PRNewswire/ — Zetrix, a layer 1 public blockchain platform, today announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification. This innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organisations, and governments interact in the digital realm.

The launch marks the commercialisation of the collaboration announced on 18th September 2023 between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group listed as one of China’s Top 500 enterprises.
The launch was held on 9th December 2023 at Ritz-Carlton Hotel Kuala Lumpur and officiated by Malaysia’s Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier wishing to verify the relevant identity or driving licence data according to their needs.
Beitou IT’s integration to China’s nationwide police and transport department databases ensures seamless authentication and digitisation of the documents into VCs.
Furthermore, in view of the immutability of blockchain, verifiers will have the assurance of knowing that the VCs and all data contained in the document are true and genuine.
It is foreseen that besides IDs and driving licences, other important credential documents held by individuals or businesses would also be digitised as VCs in the near future. 
Enhancing Security and Combating Breach of Data
The use of digital credentials, with the initial pilot of driving licences based on blockchain technology will significantly enhance security and combat counterfeiting of electronic licences. By leveraging on the Self Sovereign Identity (“SSI”) framework, Zetrix’s Digital Credentials platform enables the real time verification of documents digitised as Verifiable Credentials, providing a robust defence against fraud and forgery.
“In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks,” explained TS Wong, founder of Zetrix.
Lai Shuiping, Chairman of the Board of Guangxi Beitou IT Innovation Investment Group Co.,Ltd, Lai Shuiping, said: “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
“In future, Beitou IT will further strengthen cooperation with Malaysian enterprises in the field of transportation digitalisation, and promote continuous improvement of intelligent transportation in ASEAN countries,” Lai added.
Multi-Chain e-Wallet for International Travelers
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that is able to store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
The digital credentials service exemplifies the World Wide Web Consortium (W3C) standards of Verifiable Credentials and Decentralised Identifiers as Self-Sovereign Identity. This will be a key catalyst to enable a greater interoperability across blockchains and decentralised applications.
About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Guangxi Beitou IT Innovation Technology Investment Group Co Ltd 
Guangxi Beitou IT Innovation Investment Group Co. (Beitou IT) stands as a wholly owned subsidiary of Beibu Gulf Investment Group (Beitou Group), boasting total assets exceeding 300 billion RMB. Established in October 2020 with a registered capital of 1 billion RMB, Beitou IT has emerged as the foremost digital company in Southwest China. Beitou IT strategically concentrates on four primary business domains: ITAI project implementation and operation, IT product R&D, integration and sales, and the development of New Infrastructure. Over the past three years, Beitou IT has successfully undertaken numerous government and enterprise-level projects encompassing digital government, digital transportation, digital port, smart court, and enterprise digitalization.
With a workforce exceeding 400 employees, Beitou IT houses a team of hardware and software engineers, where over 50% hold master’s degrees from esteemed universities. The team includes 2 State Council-subsidized experts, numerous district industrial authorized experts, and a Fin-Tech expert from the ‘Hong Kong, Macao, and Taiwan Talent Project.’ This robust talent pool positions Beitou IT as one of the rare state-owned digital companies capable of independent R&D.
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Sustainability Empowerment, Brand Upgrade VIVOTEK among Taiwan’s Best Global Brands

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TAIPEI, Dec. 10, 2023 /PRNewswire/ — VIVOTEK (3454TW), the global leading IP surveillance solution provider, has been selected to the Best Taiwan Global Brands, and consistently earned market recognition. The three development engines of operational excellence, comprehensive brand management, and active promotion of sustainable actions, have elevated the brand above competition to display outstanding brand value.

Best Taiwan Global Brands is organized by the Industrial Development Bureau, MOEA, and valuation is carried out by Interbrand, a global authority on brand valuation; this year, ESG was also included as key standards of valuation. In 2022, VIVOTEK set a record high in revenue with annual consolidated revenue reaching USD $332 million, achieving a growth rate of 82% compared to the same period in 2021. In addition to displaying operational strengths, VIVOTEK also advocated several sustainable actions, while also encouraging its employees to practice environmental protection both at work and in daily life, further earning the approval of the organizer.
“Being selected to Taiwan’s Best Global Brands is a recognition of the company’s strengths,” pointed out Allen Hsieh, VIVOTEK Spokesperson and Director of Global Marketing Division. “Brand power is not just manifested through the technical aspect of products, but also through the CSR aspect. By embedding ESG into our brand’s DNA, we not only adopt sustainable thinking, but also create a differentiated brand image. In the future, VIVOTEK will continue to empower our brand through ESG, while also constantly promoting smart and green innovations of security and protection technology, steering the brand towards greater value of sustainable development.”
Evolution of the brand is the firm starting point of VIVOTEK’s brand management. Through redefining identity and slogan, “We Get The Picture,” VIVOTEK breaks the limitations of the industry to redefine its brand value, establishing its unique status within the security and protection industry. By grasping the opportunity of technical innovation, VIVOTEK combines its hardware advantage and software capability to expand its deployment of security and protection solutions, becoming a leading solution provider, while also actively exploring the market of AI security and protection, such as: successfully launching innovative VORTEX smart cloud surveillance service that focuses on customer needs and accumulating many successful cases around the world. Recently, VIVOTEK was ranked number 12 among a&s Security 50, reaching the highest spot ever, and this is the very manifestation of the brand’s continued improvement of brand competitiveness.
VIVOTEK is a leading surveillance brand that strives for sustainability and began deploying ESG strategy many years ago. Key measures include voluntary publication of sustainability report for six consecutive years, participation in the RE100 global corporate renewable energy initiative, and promotion of renewable energy applications. More recently, VIVOTEK has incorporated the principle of sustainability into its product box design, reutilizing packaging of its products to create eco-friendly smartphone holders. This marks the first time the brand’s innovative sustainability principle has been extended through its products. VIVOTEK also plans to launch a product carbon footprint project in 2024 to facilitate formulation of comprehensive carbon reduction strategy, further strengthening brand development and upgrading sustainable operations.
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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

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BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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