Google Announces Machine-Learning Platform for Developers - Research and Markets

Mar 24, 2016, 09:36 ET from Research and Markets

DUBLIN, March 24, 2016 /PRNewswire/ --

Google has announced plans to open up its machine-learning software to developers. The American multinational tech company is hoping this will attract more companies to its cloud-computing services, which already includes image identification, voice recognition and AI technology.

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The market for cloud-computing services is a competitive one, with Microsoft, Amazon and IBM offering similar products. But Google is already a leader in AI, using the technology to support its web-based services and apps. A report on the market has estimated that artificial intelligence will be worth $5.05 billion by 2020. Machine learning technology held the largest market share of the global artificial intelligence market in 2015. This is because, the machine learning technology is a key element of artificial intelligence and is used in conjunction with other technologies such as natural language processing and image processing across a wide range of application areas.

Google will charge companies between 60 cents and $5 for every 1,000 uses of its Cloud Vision system, according to reports. This lets users automatically detect faces, landmarks, logos and other features in images. Google says the more companies use the services, the cheaper it will be for them and there is also a free tier for 1,000 or fewer uses during a month.

Facial recognition is being used in the government, BFSI, and defense sectors for preventing unauthorized access to high-security areas as well as other private and public buildings. The market is expected to grow at a rate of 23.74% until 2020.

The company says its speech-recognition service is also free for a preview phase, but a charge will also be put in place for this. Privacy concerns are driving growth in the speech recognition market, particularly in consumer applications such as mobile device authentication . It is expected that speech recognition software will be worth $5.1 billion by 2024.

For further information on this topic, and a full list of all related documentation, please visit the Artificial Intelligence section at http://www.researchandmarkets.com/rm/NKJO.    

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Source: http://www.bloomberg.com/news/articles/2016-03-23/google-taps-machine-learning-to-lure-companies-to-its-cloud

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