Global Machine Learning as a Service Market Insights, Trends, Opportunities, Market Revenue Share and Size, Global Forecast from 2020 to 2029
“Global Machine Learning as a Service Market Insights, Trends, Opportunities, Market Revenue Share and Size, Global Forecast from 2020 to 2029” is a research report on the target market, and is in process of completion at MarketResearch.biz. The report contains information and data, and inputs that have been verified and validated by experts in the target industry. The report presents a thorough study of annual revenues, historical data, and information, key developments, and strategies by major players that offer applications in the market. Intense focus is applied on company profiles and information offered is vital, and this is obtained thorough primary and secondary research efforts. The section offers detailed insights of the top 10 companies, and this includes solutions and services details, financial overview, segment overview, strategies, key developments such as mergers & acquisitions, joint ventures, product launches, business expansions, strategic agreements, and SWOT analysis. The global Machine Learning as a Service market is segmented on basis of technology, function, tool, deployment type, enterprise size, end-use industry, and region. The report was further segmented country-wise, with each major country presented along with its respective region. Both, top-down and bottom-up approaches were applied.
Machine Learning as a Service (MLaaS): Product Overview
Machine Learning, a sub-field of Artificial Intelligence (AI), is an advanced technology that provides computers ability to analyze and modify analytical functionalities of new data, without input of explicit instructions. MLaaS consists of a wide range of techniques, solutions and services, that are interrelated to AI, and offers machine learning solutions and tools via cloud computing.
Global Machine Learning as a Service Market: Dynamics
Increasing adoption of analytics and advanced computing is a major factor expected to result in higher adoption of MLaaS. In addition, increasing demand and need for mapping behavioral patterns of customers, particularly by marketing department is another major factor expected to drive market growth.
Increased scope of MLaaS applications, rapidly increasing adoption of AI and cognitive computing, and rising awareness regarding advantages of MLaaS across industries in developing economies are factors projected to create revenue opportunities for players operating in the global market. Machine Learning (ML) algorithms are being used for preventing cyberterrorism and payment frauds. Also, AI platform adoption is projected to incline, especially in healthcare sector, for preventing individuals from medical conditions, and to provide accurate and apt treatments. These are additional major factors projected to drive market growth to a significant extent.
Regional Market Analysis: Global Machine Learning as a Service Market
The North America (NA) market is estimated to record highest revenue share in the Machine Learning as a Service market. Also, the NA market is projected to register fast inclining growth over the 10-year period. This is projected to be majorly driven by increasing need for MLaaS integration with Big Data, rising demand for Industrial Internet of Things (IIoT) and various other data-oriented advanced technologies. Increasing industrialization, including enterprises of all sizes in North America is also expected to drive NA market growth. Asia Pacific MLaaS market is expected to register significantly higher growth rate in the next 10 years, due to heavy investments by companies in research and development of predictive software and analytics in countries in the region, growing adoption of ML tools, and rapidly growing e-commerce sector. Europe market is estimated to account for substantially higher revenue share in the market owing to high adoption of advanced technologies and rapid industrialization.
Global Machine Learning as a Service Market Segmentation:
- Marketing and Advertising
- Predictive Analytics
- Augmented and Virtual Reality
- Natural Language Processing
- Computer Vision
- Security and Surveillance
- Fraud Detection and Risk Analytics
- Other Applications
By Enterprise Size:
- Large Enterprises
- Small & Medium Enterprises
By End-use Industry:
- Aerospace & Defense
- IT & Telecom
- Energy & Utilities
- Public sector
- Banking, financial services and insurance (BFSI)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- Tata Consultancy Services
- Amazon Web Services
- Hewlett Packard
- Big ML Inc.
- Fair, Issac and Company (FICO)
- Yottamine Analytics
- Predictron Labs Ltd.
- SAS Institute Inc.
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