About Reinforcement Learning
Reinforcement learning is a part of machine learning which helps the software agents to take actions in environments to maximize the notion of cumulative reward. It is one of the basic paradigms of machine learning. The other two include supervised learning and unsupervised learning. The Reinforcement learning is different from supervised learning as it focuses on finding a balance between exploration and exploitation. It is studied in various disciplines such as game theory, control theory, operations research, information theory and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Reinforcement Learning market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bonsai (United States), Deepmind Technologies (United Kingdom), Maluuba Inc. (Canada), Mathworks (United States), PerimeterX (United States), Dorabot (China), Osaro (United States), Prowler.io (United Kingdom), Digital Ink (United Kingdom) and Qstream (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Imandra (United Kingdom), Borealis AI (Canada) and Wayve (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Reinforcement Learning market by Type (Positive and Negative), Application (Industrial Automation, Business strategy planning, Machine learning, Aircraft control and Others) and Region.
On the basis of geography, the market of Reinforcement Learning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Learning model, the sub-segment i.e. Markov decision process will boost the Reinforcement Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Value based will boost the Reinforcement Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Machine Learning in For Decision Making
Market Growth Drivers:
Increasing Usage of Machine Learning in Industries Such as Healthcare, Education, Manufacturing, and Many More and Growing Demand for Complex Machine Working
Challenges:
Parameters May Affect the Speed of Learning and Too Much Reinforcement May Lead to Overload of States which Diminishes the Result
Restraints:
Lack of Generalization and Slower Interaction with Real Time Systems
Opportunities:
Increasing Awareness about the Machine Learning
Key Target Audience
Reinforcement Learning Solution providers, Government associations, Research organizations, Enterprise software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.