The Machine Learning as a Service (MLaaS) Market size is expected to grow at an annual average of 43% during 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. As a result, the global cloud market recorded significant growth in the healthcare sector in 2020. AI and ML technologies are being heavily used to fight COVID-19.
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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
Scope of the report
The research study analyses the Machine Learning as a Service (MLaaS) 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
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
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