The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years.

Key Drivers of the Machine Learning-as-a-Service (MLaaS) Market:

The primary factors contributing to the growth of the global machine learning-as-a-service market are the rising adoption of cloud-based technology among organizations and the increasing need to understand the behavioral of the customer. Additionally, MLaaS are being largely adopted by enterprise across the industries to improve customer experience, which is also propelling the growth of the market. The ML helps to gain insights about customer buying patterns, behavior, and interest as it offers effective data management.

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Moreover, advancement in technologies such as Artificial Intelligence (AI), Machine Learning (ML), and learning and analytics technologies, along with growing in affordability of data storage, further fuelled the growth of the machine learning-as-a-service market size. Internet of Things (IoT), cognitive computing, deep learning, and other technologies are creating various growth opportunities in the machine learning-as-a-service market. With the rising adoption of IoT and automation systems across the industries, there has been a rise in the demand for MLaaS as the IoT, smart and connected technologies are generating a massive amount of data, which can be analyzed and used to retrieve profitable insights. In addition to this, major organizations provide machine learning services and offer numerous options to run ML algorithms using a cloud-based platform. On the other hand, the lack of skilled professionals to deploy ML services and government & compliance issues will hinder the growth of the global machine learning-as-a-service market.

Top list of key players in the Machine Learning-as-a-Service (MLaaS) Market:

• Microsoft Corporation


• International Business Machine Corporation


• Google LLC


• Amazon Web Services


• BigML, Inc.


• FICO


• Hewlett Packard Enterprise Development LP


• SAS Institute Inc.


• Yottamine Analytics, LLC


• DataRobot, Inc.


• Algolytics

Segmentation of the Machine Learning-as-a-Service (MLaaS) Market:

The report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market.

Breakup by component:

• Software Tools
  
  
  
  • Data Storage and Archiving
  
  
  • Modeler and Processing
  
  
  • Cloud and Web-Based Application Programming Interface
  
  
  • Others
  
  
  
  


• Services
  
  
  
  • Professional Services
  
  
  • Managed Services
  
  
  
  

Breakup by Application:

• Marketing and Advertising


• Fraud Detection and Risk Analytics


• Predictive Maintenance


• Augmented Reality


• Network Analytics and Automated Traffic Management


• Others

Breakup by Organization Size:

• Small and Medium Enterprises


• Large Enterprises

Breakup by Vertical:

• Education


• Banking and Financial Services


• Insurance


• Automotive and Transportation


• Healthcare


• Defense


• Retail and E-Commerce


• Media and Entertainment


• Telecom


• Others

Breakup by Region:

• North America
  
  
  
  • United States of America
  
  
  • Canada
  
  
  
  


• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of APAC
  
  
  
  


• Europe
  
  
  
  • United Kingdom
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• RoW
  
  
  
  • Brazil
  
  
  • South Africa
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  • Rest of the world (remaining countries of the LAMEA region)
  
  
  
  

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