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Global Machine Learning as a Service (MLaaS) Market Business Opportunities, Current Trends & Industry Analysis by Key Players like IBM Corporation, Amazon Web Services, Inc., Google, Inc., BigML, Inc., Fair Isaac Corporation, Hewlett Packard Enterprise De

05-16-2019 04:23 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Global Machine Learning as a Service (MLaaS) Market Analysis 2019

Global Machine Learning as a Service (MLaaS) Market Analysis 2019

Global Machine Learning as a Service (MLaaS) Market report has reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies. The report proves to be a thorough synopsis on the study, analysis and estimation of the market and how it is affecting the Information and Communication Technology industry. This Global Machine Learning as a Service (MLaaS) Market research report delivers comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market. Market research studies conducted in this Global Machine Learning as a Service (MLaaS) Market report are very attentive for the businesses which help them with the better decision making and develop better strategies about production, marketing, sales and promotion.

Additionally, this Global Machine Learning as a Service (MLaaS) Market report also makes available a detailed overview about product specification, technology, product type and production analysis by taking into consideration other major factors such as revenue, cost, and gross margin. All the data and information described here aids businesses in refining their strategic decision making. This market report studies the market and the Information and Communication Technology industry comprehensively by considering several aspects. This can be subjected to the moves of key players or brands which include developments, product launches, joint ventures, mergers and acquisitions that in turn change global face of the industry.

The Global Machine Learning as a Service (MLaaS) Market accounted for USD 821.1 million in 2016 growing at a CAGR of 40.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Machine Learning as a Service (MLaaS) Market, By Geography; Component (Software Tools, Services); Application (Marketing and Advertising, Fraud Detection and Risk Analytics, Predictive Maintenance, Augmented Reality, Network Analytics and Automated Traffic Management); Organization Size; Vertical – Industry Trends and Forecast to 2024

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Market Definition:

Machine learning as a service refers to a number of services cloud providers are offering. MLaaS providers offer tools including data visualization, APIs, face recognition, natural language processing, predictive analytics and deep learning. It has its wide application in education, banking and financial services, insurance, automotive and transportation, healthcare, defense, retail and e-commerce, media and entertainment, telecom, others. Adoption of cloud-based technologies and technological advancement may act as the major driver in the growth of machine learning as a service market. On the other hand, lack of skilled consultants to deploy machine learning services may hamper the market.

Top Competitors:

• Microsoft,
• IBM Corporation,
• Amazon Web Services, Inc.,
• Google, Inc.,
• BigML, Inc.,
• Fair Isaac Corporation,
• Hewlett Packard Enterprise Development LP,
• others.

Competitive Analysis:

The report for machine learning as a Service (MLaaS) market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major market drivers and restraints:

• Adoption of cloud-based technologies
• Strong need to understand customer behavior
• Technological advancement
• Government and compliance issues

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Market Segmentation: Global Machine Learning as a Service (MLaaS) Market

The global machine learning as a service (MLaaS) market is segmented on the basis of component into software tools, services. The software tools segment is further sub segmented into data storage and archiving, modeler and processing, cloud and web-based application programming interface, others. The services segment is further sub segmented into professional services, and managed services.

On the basis of application, the global machine learning as a service (MLaaS) market is segmented into marketing and advertising, fraud detection and risk analytics, predictive maintenance, augmented reality, network analytics and automated traffic management, and others.

On the basis of organization size, the global machine learning as a service (MLaaS) market is segmented into small and medium enterprises, and large enterprises.

On the basis of vertical, the global machine learning as a service (MLaaS) market is segmented into education, banking and financial services, insurance, automotive and transportation, healthcare, defense, retail and e-commerce, media and entertainment, telecom, others.

On the basis of geography, the global machine learning as a service (MLaaS) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data
Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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