Machine Learning as a Service (Mlaas) Market - Size, Outlook, Trends and Forecasts (2018

Machine Learning as a Service (Mlaas) Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Global machine learning as a service market was marked at a USD of 0.4 billion in 2017 and expected to reach 4.01 billion in 2024 at a CAGR of 43.25%. Machine learning is a part of computer science that gives computers the ability to learn and understand things without being predefined programmed. It falls under the Artificial Intelligence used in various applications to analyse data often and to make real-time decisions with any human interface.

Global Machine Learning as A Service Market Share:

North America has the most significant share in this market followed by Europe. Adoption of the IOT technologies by industries considerable amount of data need to the accommodated. Companies are focusing on understanding the customer behaviour and trying to solve them efficiently. This is the crucial factor in investments in MLaaS solutions.

Global Machine Learning as A Service Market Size:

Due to the rapid growth in innovations in automation technologies, increase in adoption of cloud-based systems leads to market growth. Predictive analytics is used for the all online activities such as Amazon, Flipkart etc. Big data analytics

Machine Learning as a Service (Mlaas) Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

drive the machine learning market.

Global Machine Learning as A Service Market Growth:

Asia-Pacific is the fastest growing market in this forecasting period. Growth in Cloud-based technologies and investments from the global companies gives good opportunities in middle east and Latin America regions.

Global Machine Learning as A Service Market Industry Analysis:

Global machine learning as a service is segmented into by application, by vertical and organisation size. By using is again subdivided into risk analytics and fraud management, predictive maintenance, advertising & marketing and automated network management. By vertical it is divided into retail, BFSI, Healthcare, automotive, IT, Media and Entertainment, Aerospace and Defense and government. By organisation, it is divided into small, big and medium enterprises.

Global Machine Learning as A Service Market Outlook:

In the upcoming years, other end-use industries namely BFSI, retail, manufacturing, telecom is expected to show demand for the MLaaS. To increase the decision-making capability of machines used in verticals. Public cloud segment is expected to grow large in the market. Artificial intelligence is supposed to have a substantial impact on health care.

Global Machine Learning as A Service Market trends:

Recently, Walmart labs have announced the acquisition of Inkriu, a company on machine learning. Tensor Flow is the new machine learning technology being a part of open source released by Google.

Global Machine Learning as A Service Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Finding DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to find the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
MLaaS falls under the artificial intelligence and widespread during this forecasting period. Find the latest developments, market shares, and strategies that are employed by the major market players, such as
Microsoft
Amazon web services
International Machine Business corporation
BIGML
Google, Inc.

care. Global Machine Learning

You can also purchase parts of this report. Do you want to check out a section wise price list

Machine Learning as a Service (Mlaas) Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.