(2019 – 2024) Machine Learning as a Service (MLaaS) Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST

Press Release

Machine Learning as a Service (MLaaS)

Machine Learning as a Service (MLaaS) Market is expected to grow at a CAGR of over 43% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Machine Learning as a Service (MLaaS) market and main aspect about report- why should you buy this research report? so don’t miss it.

Machine Learning as a Service (MLaaS) Market Overview:

Machine Learning as a Service (MLaaS) Market is expected to witness at a CAGR of over 43% during the forecast period 2019 – 2024. With advancements in data science and artificial intelligence, the performance of machine learning has accelerated at a rapid pace. Companies are now identifying the potential of this technology, and therefore, the adoption rate of the same is expected to increase over the forecast period.

– Artificial intelligence has emerged as an enabler for such solutions, and ML consequently plays a critical role.
– MLaaS model is expected to dominate the market, with users having an option to choose from a wide variety of solutions that are focused on different business needs.
– The increasing rate of adoption for IoT and automation systems in industries is expected to drive the growth of adoption rate for MLaaS. Industrial automation already has over a billion connected devices deployed. Owing to IoT, smart and connected technologies have increased the pace of creating vast amounts of data, which can be analyzed to gain profitable insights.

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List of Top Key-players/Leading Manufacturers of Machine Learning as a Service (MLaaS) Market:

  • Microsoft Corporation
  • IBM Corporation
  • Google LLC
  • SAS Institute Inc.
  • Fair Isaac Corporation (FICO)
  • Hewlett Packard Enterprise Company
  • Yottamine Analytics LLC
  • Amazon Web Services Inc.
  • BigML Inc.
  • Iflowsoft Solutions Inc.
  • PurePredictive Inc.
  • Sift Science Inc.
  • H2O.ai Inc.

    Scope of the Machine Learning as a Service (MLaaS) Market Report:

    Machine learning (ML), a subfield of artificial intelligence (AI) in its simplest description spans a broad set of algorithms that are used to extract useful models from raw data and grew out of traditional statistics and analysis. Since it revolves around algorithms, model complexity, and computational complexity, as the market for machine learning as a service (MLaaS) is on demand as it requires the use of skilled professionals to develop these solutions.

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    Key Trends of Machine Learning as a Service (MLaaS) Market:

    Retail Sector is expected to hold the Major Market Share

    – The retail industry is booming in the digital space. The revolution is started by some of the prominent companies such as Amazon and eBay that have led to huge challenges for the traditional retail business model, but also have massive potential for retailers and consumers alike.456- Retail and consumer goods companies are seeing the applicability of machine learning (ML) to drive improvements in customer service and operational efficiency. For instance, the Azure cloud is helping retail and consumer brands to improve the shopping experience by ensuring that shelves are stocked and the products are always available when, where and how the consumer wants to shop.

    North America is Expected to Hold Largest Market Share

    – North America is driven by the swift market penetration and presence of large companies, working on the technology which has influenced the growth of the market in the region.456- North America commands the machine learning services over other key regions on account of rapid integration of machine learning as a service with big data, Internet of Things (IoT), and other advanced technologies. The region having headquarters of some of the to topnotch companies for machine learning as a service adds to its benefit. 456- Companies based in North America for instance, news organizations such as the Associated Press, are increasingly publishing new articles and stories written by software, instead of journalists. At the same time, Google is training its AI software, DeepMind, to detect two common types of eye diseases. Microsoft has been using AI for about a decade to improve its online search engine.456 456121

    Reasons to Purchase Machine Learning as a Service (MLaaS) Market Report:

    • The report analyses how the stringent emission control norms will drive the global Machine Learning as a Service (MLaaS) market.
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market.
    • Study on the regions that are expected to witness fastest growth during the forecast period.
    • Identify the latest developments, market shares and strategies employed by the major Machine Learning as a Service (MLaaS) market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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    Overview of TOC, what it contains? – 

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study


    3.1 Market Overview

    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5.1 Product Type
    5.2 Distribution Channel

    6.1 Market Share Analysis
    6.2 Most Active Companies
    6.3 Most Adopted Strategy
    6.4 Company Profiles


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