ICT & Media

Machine Learning as a Service (MLaaS) Market by Component, Organization Size, Application, Service and Region — Global Forecast to 2021

Machine Learning as a Service

“The need to enhance the decision-making capability of machines is driving the Machine Learning as a service (MLaaS) market”

The MLaaS market size is estimated to grow from USD 613.4 million in 2016 to USD 3,755.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of 43.7% from 2016 to 2021. The adoption of cloud-based technologies, strong need to understand customer behavior, and advancements in technologies are increasing the adoption of MLaaS across end users. MLaaS with the help of pattern recognition, advanced analytical methodologies, and APIs is able to make better decisions. With the use of machine learning algorithm, decision-making abilities improve over time without being explicitly programmed. However, the lack of skilled consultants to deploy machine learning services and government and compliance issues are limiting the growth of MLaaS solutions in the market.
“Healthcare industry among all the verticals is expected to gain the maximum traction during the forecast period”

The application of MLaaS in the healthcare industry is used to understand customer behavior and derive in-depth insight into clinical performance. It is also efficient in forecasting future outcomes of patients by the use of advance analytics technology.

The MLaaS ecosystem comprises the following major vendors:
1. Microsoft (Washington, U.S.)
2. IBM (New York, U.S.)
3. Google, Inc. (California, U.S.)
4. AWS, Inc. (Washington, U.S.)
5. BigML, Inc. (Orlando, U.S.)
6. FICO (California, U.S.)
7. HPE (California, U.S.)

Research Coverage:

The report provides an analysis of MLaaS and associated services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as application, service, deployment type, user type, industry verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

Download FREE REPORT Sample @ https://www.24marketreports.com/request-sample/machine-learning-as-a-service-mlaas-market-by-component-software-tools-services-organization-size-application-marketing-risk-analytics-26-fraud-detection-predictive-maintenance-network-analytics-service-and-region—global-forecast-to-2021

Table of Contents

1 INTRODUCTION 14

1.1 OBJECTIVES OF THE STUDY 14

1.2 MARKET DEFINITION 14

1.3 MARKET SCOPE 15

1.4 CURRENCY 16

1.5 LIMITATIONS 16

1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18

2.1 RESEARCH DATA 18

2.2 MARKET SIZE ESTIMATION 22

2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24

2.4 RESEARCH ASSUMPTIONS 25

MORE DETAILS @ https://www.24marketreports.com/ict-and-media/machine-learning-as-a-service-mlaas-market-by-component-software-tools-services-organization-size-application-marketing-risk-analytics-26-fraud-detection-predictive-maintenance-network-analytics-service-and-region—global-forecast-to-2021

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