The global demand for Machine Learning As A Service Market is presumed to reach the valuation of nearly USD XX.X Mn by 2025 from USD XX.X in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026.
Machine learning as a service (MLaaS) is a solution that includes a range of services to enhance the performance of machines across various industries. It offers various machine learning tools including data visualization, APIs (application program interface), face recognition, natural language processing, predictive analytics, and deep learning among others. The deployment of machine learning can improve the speed and accuracy of the functions performed by the system.
The rapidly increasing amount of data across the industries along with increasing adoption of cloud-based technologies is driving the market growth. Rising need to understand customer behavior is again boosting the market growth. Increasing adoption of IoT and automation system across various sectors is further fuelling market growth. However, privacy & data security concerns associated with the online platform may hamper market growth. Whereas, emerging options in application areas of MLaaS is likely to offer opportunity over the forecast timeframe.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of machine learning as a service.
The entire machine learning as a service market has been sub-categorized into application, organization size and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Organization Size
- Marketing & Advertisement
- Predictive Maintenance
- Automated Network Management
- Fraud Detection & Risk Analytics
By End User
- Small And Medium Enterprises
- Large Enterprises
- IT & Telecom
- Aerospace & Defense
This section covers regional segmentation which accentuates on current and future demand for machine learning as a service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Machine Learning As A Service Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the machine learning as a service market include Amazon Web Services, Inc., BigML Inc., Fair Isaac Corporation, FICO, Google Inc., Hewlett Packard Enterprise, IBM Corporation, Iflowsoft Solutions Inc., Microsoft Corporation, PurePredictive, SAS Institute Inc., Sift Science, Inc., Yottamine Analytics, LLC, and others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.