-- According to Stratistics MRC, the Global Machine Learning as a Service (MLaaS) market is expected to grow from $ 480.94 million in 2015 to reach $5,394.87 million by 2022 with a CAGR of 41.2%. Rising investments in the healthcare business, emerging multiple options in application areas, enhanced connectivity and enlargement in data from IoT platforms are the current trends in machine learning as a service market. Strong need to recognize consumer behaviour, acceptance of cloud-based technologies, and advancements in technologies are some of the major factors enhancing the market growth. However, the lack of trained consultants to organize machine learning services and government & compliance issues are restraining the growth of MLaaS solutions market.
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Professional services are expected to have the majority share in Machine Learning as a Service (MLaaS) market during the forecast period as majority of the companies do not have the proficiency to productively manage infrastructure and hence, they outsource these services to third-party partners to maintain a level of security and safety. North America is likely to embrace the leading market share during the forecast period. One of the major reasons for this is rising number of Small and Medium Enterprises (SMEs) in the MLaaS market providing customized services and solutions. Due to this, several main organizations in the market are also acquiring the smaller companies.
The key players in the Machine Learning as a Service (MLaaS) market are identified as AT&T, Amazon Web Services, BigML, Inc., Ersatz Labs, Inc., FICO, Fuzzy.Ai, Google, Inc., Hewlett-Packard Enterprise Development Lp., International Business Machine Corporation, Microsoft, Sift Science, Inc. and Yottamine Analytics, LLC.
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Organization Size Covered:
Small Enterprises
Medium Enterprises
Large Enterprises
Applications Covered:
Augmented Reality
Fraud Detection and Risk Analytics
Marketing and Advertising
Network Analytics and Automated Traffic Management
Predictive Maintenance
Other Applications
Components Covered:
Software Tools
Cloud and Web-Based Application Programming Interface
Data Storage and Archiving
Modeler and Processing
Other software tools
Services
Professional Services
Managed Services
End Users Covered:
Automotive and Transportation
Banking and Financial Services
Defence
Education
Healthcare
Insurance
Media and Entertainment
Retail and E-Commerce
Telecom
Other End Users
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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
List Of Tables:
1 Global Machine Learning as a Service (MLaaS) Market Outlook, By Region
2 Global Machine Learning as a Service (MLaaS) Market Outlook, By Organization Size
3 Global Machine Learning as a Service (MLaaS) Market Outlook, By Small Enterprises
4 Global Machine Learning as a Service (MLaaS) Market Outlook, By Medium Enterprises
5 Global Machine Learning as a Service (MLaaS) Market Outlook, By Large Enterprises
6 Global Machine Learning as a Service (MLaaS) Market Outlook, By Application
7 Global Machine Learning as a Service (MLaaS) Market Outlook, By Augmented Reality
8 Global Machine Learning as a Service (MLaaS) Market Outlook, By Fraud Detection and Risk Analytics
9 Global Machine Learning as a Service (MLaaS) Market Outlook, By Marketing and Advertising
10 Global Machine Learning as a Service (MLaaS) Market Outlook, By Network Analytics and Automated Traffic Management
11 Global Machine Learning as a Service (MLaaS) Market Outlook, By Predictive Maintenance
12 Global Machine Learning as a Service (MLaaS) Market Outlook, By Other Applications
13 Global Machine Learning as a Service (MLaaS) Market Outlook, By Component
14 Global Machine Learning as a Service (MLaaS) Market Outlook, By Software Tools
15 Global Machine Learning as a Service (MLaaS) Market Outlook, By Cloud and Web-Based Application Programming Interface
16 Global Machine Learning as a Service (MLaaS) Market Outlook, By Data Storage and Archiving
17 Global Machine Learning as a Service (MLaaS) Market Outlook, By Modeler and Processing
18 Global Machine Learning as a Service (MLaaS) Market Outlook, By Others
19 Global Machine Learning as a Service (MLaaS) Market Outlook, By Services
20 Global Machine Learning as a Service (MLaaS) Market Outlook, By Professional Services
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