The Machine Learning As a Service Market size is expected to grow at an annual average of 43% during 2021-2027. The Machine Learning-as-a-Service (MLaaS) market was valued at $1.6 billion in 2020 and is projected to reach $12.1 billion by 2026, registering a CAGR of 39% between 2021 and 2027. Due to the COVID-19 pandemic, many organizations have accelerated their migration to public cloud solutions. This is because cloud service elasticity can meet unexpected spikes in service demand. Migrating to the cloud has helped reinvent the way businesses do business during COVID-19. Demand for AI services has increased, and many cloud providers offer AIaaS and MLaaS.
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The following segmentation are covered in this report:
By Organization Size
- SMEs
- Large Enterprises
By Service
- Professional Services
- Managed Services
By Application
- Marketing and Advertising
- Fraud Detections and Risk Analytics
- Predictive Maintenance
- Augmented Reality
- Network Analytics and Automate Traffic Management
- Others
Company Profile
- Microsoft Corporation
- IBM Corporation
- Google LLC
- SAS Institute Inc.
- Fair Isaac Corporation (FICO)
- Hewlett Packard Enterprise Company
- Yottamine Analytics LLC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Machine Learning As a Service Market
- The market share of the global Machine Learning As a Service Market supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Machine Learning As a Service Market
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Machine Learning As a Service Market
Scope of the report
The research study analyses the Machine Learning As a Service Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent developments
- Market overview and growth analysis
- Import and export overview
- Volume analysis
- Current market trends and future outlook
- Market opportunistic and attractive investment segment
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Geographic coverage
- North america market size and/or volume
- Latin america market size and/or volume
- Europe market size and/or volume
- Asia-pacific market size and/or volume
- Rest of the world market size and/or volume
Key Questions Answered by Machine Learning As a Service Market Report
- What was the Machine Learning As a Service Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Machine Learning As a Service Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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