MARKET INTRODUCTION
Machine learning as a service (MLaaS) includes wide-ranging services and solutions as well as techniques correlated to artificial intelligence (AI). These execute statistical analysis of input data to comprehend its current or future connection and performance. Machine learning leverage an enormous amount of input data for delivering enhanced analytical output while optimizing workflow for diverse industry verticals. Machine learning as a service incorporates a range of services offering machine learning tools via cloud computing services.
MARKET DYNAMICS
The rising growth of IT expenditure in developing nations, as well as advancements in technology for workflow optimization, is expected to propel the growth of Machine learning as a service market. Furthermore, the increase in adoption of cloud-based solutions, development related to AI as well as cognitive computing, along with increasing adoption of prediction solutions fuel the machine learning as a service market. However, the lack of skilled professionals is anticipated to hamper the machine learning as a service market during the forecast period. Moreover, rising application areas for machine learning as a service is projected to create opportunities for the growth of machine learning as a service market.
MARKET SCOPE
The "Global Machine Learning as a Service Market Analysis to 2028" is a specialized and in-depth study of the machine learning as a service industry with a special focus on the global market trend analysis. The report aims to provide an overview of machine learning as a service market with detailed market segmentation by service type, offerings, end-user industry and geography. The global machine learning as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading machine learning as a service market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Machine Learning as a Service market is segmented on the basis of service type, offerings, and end-user industry. Based on the service type, the market is bifurcated into professional and managed service. Further, the offerings segment of machine learning as a service market is classified into hardware and software. Based on end-user industry, the machine learning as a service market is segmented into IT and telecom, manufacturing, energy and power, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global machine learning as a service market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The machine learning as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the machine learning as a service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the machine learning as a service market in these regions.
MARKET PLAYERS
The reports cover key developments in the machine learning as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from machine learning as a service market are anticipated to lucrative growth opportunities in the future with the rising demand for machine learning as a service in the global market. Below mentioned is the list of few companies engaged in the machine learning as a service market.
The report also includes the profiles of key machine learning as a service companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services
- BigML, Inc.
- Fair Isaac Corporation
- Google Inc.
- Hewlett Packard Enterprise
- IBM Corporation
- Iflowsoft Solutions Inc.
- Microsoft Corporation
- SAS Institute Inc.
- Yottamine Analytics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.