Machine Learning as a Service (MLaaS) Market

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MACHINE LEARNING AS A SERVICE MARKET
ANALYSIS

• Machine Learning as a Service (MLaaS) Market,
  By Deployment (Public Cloud, Private
  Cloud/Virtual Private Cloud) By End-use
  Application (Manufacturing, Retail, Healthcare
  Life Sciences, Telecom, Banking, Financial
  services and Insurance (BFSI), Others (Energy
  Utilities, Government, Education etc.) and by
  Region (North America, Europe, Asia Pacific,
  Latin America, Middle East and Africa) - Size,
  Share, Outlook, and Opportunity Analysis, 2019 -
  2027

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• Market Overview
• The global machine learning as a service (MLaaS)
  market was valued US 2,802.8Mn in 2019 and
  expected to grow at a CAGR of 36.8 over the
  forecasted period 2019-27.
  
• Market Drivers
• Exponential growth of big data is expected to
  drive growth of the global machine learning as a
  service (MLaaS) market during the forecast period
• Rising acceptance of cloud-based technologies is
  expected to propel the global machine learning as
  a service (MLaaS) market growth over the forecast
  period

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Figure 1. Market Share
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Market Dynamics Restraints

• Low availability of skilled personnel is expected
  to hamper the global machine learning as a
  service (MLaaS) market growth during the forecast
  period
• Lack of data security is expected to hinder the
  global machine learning as a service (MLaaS)
  market growth over the forecast period

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Market Opportunities

• IoT-enabled services can provide major growth
  opportunities to market players
• Rising investments in healthcare industry can
  offer significant opportunities in the near
  future

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Figure .2 Market Opportunity
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Market Trends   
Advent of new intelligent application is expected
to be major trend Growing use of machine learning
in retail sector is another major trend Segment
information In global machine learning as a
service (MLaaS) market, by Type segment, the
Private Cloud/VPCs, sub-segment dominated the
global market in 2019, accounting for 50.2 share
in terms of value, followed by Public Cloud.
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Figure 3. Market Share
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Competitive Section

• Key players involved in the global machine
  learning as a service (MLaaS) market are H2O.ai,
  Google Inc., Predictron Labs Ltd, IBM
  Corporation, Ersatz Labs Inc., Microsoft
  Corporation, Yottamine Analytics, Amazon Web
  Services Inc., FICO, and BigML Inc.

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