Machine Learning as a Service (MLaaS) Market to Register Significant Gains up To 2021

Posted on 2020-03-24 by MarketsandMarkets in Technology, Telecommunications // 0 Comments

The major forces driving this market are the adoption of cloud-based technologies and strong need to understand customer behavior. The high demand for private clouds among enterprises is also promoting cloud-based applications that help boost the adoption of MLaaS solutions in the networking market.

According to report “Machine Learning as a Service (MLaaS) Market by Component (Software Tools, Services), Organization Size, Application (Marketing, Risk Analytics & Fraud Detection, Predictive Maintenance, Network Analytics), Service and Region – Global Forecast to 2021″, 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 CAGR of 43.7% from 2016 to 2021.

Browse 72 market data tables and 51 figures spread through 137 pages and in-depth TOC on “Machine Learning as a Service (MLaaS) Market”

The major vendors in the MLaaS market include:

Microsoft
Amazon Web Services (AWS)
Hewlett Packard Enterprises (HPE)
Google, Inc.
BigML Inc.
FICO
IBM Corporation

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183667795

SMBs prefer MLaaS as the data provided by the machine learning application is dynamic. With the help of predictive analytics machine learning, algorithms not only give real-time data but also predict the future. SMBs can use machine learning solutions for fine-tuning their supply chain by predicting a product demand and providing suggestions on the timing and quantity of supplies required in order to meet customers’ expectations.

A majority of the companies do not have the expertise to successfully manage infrastructure and hence, they outsource these services to third-party partners to maintain a level of security and safety. Professional services include designing, planning, upgrading, and consulting services. The growth of the professional services segment is mainly governed by the complexity of operations and increasing deployment of machine learning solutions. Professional services are categorized into three types, namely, deployment & integration, support & maintenance, and consulting services.

North America has been the most forward towards adopting Machine Learning Services. Furthermore, this region has been extremely responsive towards adopting the latest technological advancements such as integration technologies with cloud, Big Data within Machine Learning Services. North America is foremost in deploying machine learning services into many applications and domains.

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=183667795

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick