MACHINE LEARNING AS A SERVICE MARKET - GROWTH, TRENDS, AND FORECAST 2020 - 2027 | Google, IBM Corporation, Microsoft Corporation

This detailed market study covers Machine Learning As A Service market growth potentials which can assist the stake holders to understand key trends and prospects in Machine Learning As A Service market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global Machine Learning As A Service market.

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Machine learning is designed to incorporate the functionalities of artificial intelligence (AI) and cognitive computing involving a series of algorithms and is used to understand the relationship between datasets to obtain a desired output. Machine learning as a service (MLaaS) incorporates range of services that offer machine learning tools through cloud computing services.

The current business scenario has witnessed surge in adoption of machine learning as a service in the developed and the developing regions, owing to the technological innovations in product offerings, increased need to improve performance and operational efficiency, rise in demand for analytical systems, and increase in application areas among end users. Furthermore, factors such as growth associated with IoT, cognitive computing, neural networks, deep learning technologies, and artificial intelligence (AI) are expected to provide numerous growth opportunities. However, lack of trained professionals is expected to restrict the growth of the machine learning as a service market during the forecast period.

The market is highly fragmented with the presence of many large and small market players. The key players in the market " Google, IBM Corporation, Microsoft Corporation, Amazon Web Services, BigML, FICO ,Yottamine Analytics, Ersatz Labs, Predictron Labs, H2O.ai, AT&T, Sift Science " have been profiled in the study to provide a competitive view about the market. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

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The market has been studied for North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Machine Learning As A Service market is expected to grow with a rapid pace in the Asia Pacific region due to its emerging economies like China, India, Japan being the major contributors in the region.

The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for Machine Learning As A Service market. Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the Machine Learning As A Service market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

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Market Segmentation:

Market segment by Type :
o Cloud and Web-based Application Programming Interface (APIs)
o Other

Market segment by Application :
o Manufacturing
o Retail
o Healthcare & Life Sciences
o Telecom
o BFSI
o Other (Energy & Utilities, Education, Government)

Reasons to Buy This Report:
o Market size estimation of the global Machine Learning As A Service market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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