Learn more about machine learning applications such as image recognition and machine translation as well the major companies and market size of this field.

1. MARKET SIZE - PART 1
MACHINE LEARNING
"A baby learns to crawl, walk and then run. We are in the crawling
stage when it comes to applying machine learning" - Dave Waters

2. 17%
01
Machine Learning Market Size
The machine learning market worldwide is
expected to increase from $ 15.50 billion in 2021 to
$ 152.24 billion in 2028.
02
03
04
Key Market Players
Attrasoft, Google, Catchroom, Hitachi, Honeywell,
LTUTech, NEC Corporation, Qualcomm, Slyce
Acquisition Inc., and Wikitude GmbH.
Applications
Image recognition technology, is being used in self-
driving vehicles, automated image organization of
visual websites, and face identification on social
networking websites.
Machine Learning in Image Recognition
The global image recognition market size was
around USD 20 billion in 2019 and is projected to
reach USD 85-86 billion by 2027 with a growth rate
of 17-18% during the forecast period.

3. Facebook has launched an AI machine learning software which can
translate 100+ languages.
05
Machine Learning in Language Translation
The machine translation market is expected to
reach USD 230-235 million by 2026 at a rate of 6.5-
7%.
06
07
Applications
Health Care
Key Market Players in Machine Translation
IBM | Microsoft | SDL PLC | Lionbridge Technologies
Inc.| Omniscien Technologies Inc.
Defense
Education
E-commerce
6.5%
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