Market Scenario: 

Machine learning as a service refers to a range of services which offer machine learning tools as a part of cloud computing services, these tools include data visualization, APIs, face recognition, natural language processing, predictive analytics and deep learning. The main advantage of machine learning as a service is that customer can get started quickly with machine learning without downloading and installing any software at their end. Machine learning as a service delivers developers services which include data modeling APIs, machine learning algorithms, data transformations and predictive analytics.

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The increased volume of data and diverse data to be handled qualitatively, are major factors driving the growth of Machine Learning as a Service (MLaaS) market. The innovations in automation technologies and increasing adoption of cloud-based systems is boosting the growth of machine learning as a service market. Apart from it availability of data storage at a cheaper rate and adoption of Internet of Things (IoT) is also driving the Machine Learning as a Service (MLaaS) market. The study indicates that lack the historical data is one of the major restraining factor in the growth of machine learning as a service (MLaaS) market.

Machine learning as a Service (MLaaS) market is segmented on the basis component, application, organization size, deployment and end-user. It has been observed that adoption of cloud technologies has become worldwide, this has resulted in increase of demand for cloud-based machine learning as a service (MLaaS).

The global Machine Learning As A Service (Mlaas) Market is expected to grow at USD ~4630 Million by 2022, at ~40% of CAGR between 2016 and 2022.

Key Players

The prominent players in the machine learning as a service (MLaaS) Market are- Google (U.S.), BigML (U.S.), Microsoft (U.S.), IBM (U.S.), Amazon Web Services (U.S.), AT&T (U.S.), Fuzzy.ai (Canada), Yottamine Analytics (U.S.), Ersatz Labs, Inc. (U.S.), and Sift Science, Inc. (U.S.) among others

Market Research Analysis:

Regional analysis for Machine learning as a service (MLaaS) market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Machine learning as a service (MLaaS) market. The study indicates that North America region has high technological developments and high adoption of internet of things (IoT) this has resulted in the growth of Machine learning as a service (MLaaS) market in North America region. The study reveals that Asia-Pacific region is expected to show a significant growth in Machine learning as a service (MLaaS) market by the forecast period. Asia-Pacific countries like China, India and Korea are investing in internet of things.

Machine learning as a service (MLaaS) Market Segmentation

The Machine learning as a service (MLaaS) market has been segmented on the basis of component, application, organization size, deployment and end-user. Looking through the End-user segment it’s been observed that healthcare segment would dominate the Machine learning as a service (MLaaS) market. It has been observed that there is a need for handling the structured and unstructured data generated by the electronic health record (EHR). The study reveals that considering the deployment segment, the cloud based Machine learning as a service (MLaaS) shows a significant growth due to the increasing adoption of cloud technologies and is expected to show a sudden hike by the forecast period.

Intended Audience:

Machine learning as a service (MLaaS) vendors
Resellers and distributors
Technology investors
System Integrators
Government Organizations
Research/Consultancy firms
Network solution providers
Independent software vendors
Managed Security Service Providers (MSSPs)
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TABLE OF CONTENTS

LIST OF FIGURES

Figure 1 Research Network Solution

Figure 2 Machine Learning As A Service (Mlaas) Market: By Component (%)

Figure 3 Machine Learning As A Service (Mlaas) Market: By Application (%)

Figure 4 Machine Learning As A Service (Mlaas) Market: By Deployment Type (%)

Figure 5 Machine Learning As A Service (Mlaas) Market: By Organization Size (%)

Figure 6 Machine Learning As A Service (Mlaas) Market: By End-User (%)

Figure 7 Machine Learning As A Service (Mlaas) Market: By Region

Figure 8 North America Machine Learning As A Service (Mlaas) Market, By Component (%)

Figure 9 North America Machine Learning As A Service (Mlaas) Market, By Application (%)

Figure 10 North America Machine Learning As A Service (Mlaas) Market, By Deployment Type (%)

Figure 11 North America Machine Learning As A Service (Mlaas) Market, By Organization Size (%)

Figure 12 North America Machine Learning As A Service (Mlaas) Market, By End-User (%)

Figure 13 Europe Machine Learning As A Service (Mlaas) Market, By Component (%)

Figure 14 Europe Machine Learning As A Service (Mlaas) Market, By Application (%)

Figure 15 Europe Machine Learning As A Service (Mlaas) Market, By Deployment Type (%)

Figure 16 Europe Machine Learning As A Service (Mlaas) Market, By Organization Size (%)

Figure 17 Europe Machine Learning As A Service (Mlaas) Market, By End-User (%)

Figure 18 Asia-Pacific Machine Learning As A Service (Mlaas) Market, By Component (%)

Figure 19 Asia-Pacific Machine Learning As A Service (Mlaas) Market, By Application (%)

Figure 20 Asia-Pacific Machine Learning As A Service (Mlaas) Market, By Deployment Type (%)

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