Mark Twain's blog : Machine Learning-as-a-Service (MLaaS) Market – Global Opportunities and Forecast, 2020-2027
Machine Learning-as-a-Service (MLaaS) Market
The Machine Learning-as-a-Service (MLaaS) Market is
projected to expand at 43.2% over the forecast period due to the increasing
adoption of IoT and cloud-based services. Also, the growing demand for consumer
behavior analysis will drive the Machine
Learning-as-a-Service (MLaaS) market growth.
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Report on Machine Learning-as-a-Service (MLaaS) Market
Machine Learning-as-a-Service (MLaaS) Market Dynamics
Machine learning with its effective data management helps to
gain insights about behaviour, buying pattern, and interest of consumers. The
growing deployment of cloud-based technology among organization, the evolving
need to understand consumer behaviour, and the ongoing innovations in the
technology are some of the major factors contributing to the Machine
Learning-as-a-Service (MLaaS) Market share. Various leading
players in the market are providing machine learning solutions and different
options to run algorithms on a cloud-based platform.
MLaaS is increasingly adopted by organizations across
industries to improve customer experience, which is one of the major factors
contributing to the market growth. Industries have adopted IoT and automation
systems, which has fuelled the demand for MLaaS as the IoT, smart and connected
technologies to analyse and retrieve profitable insights from a large data set.
The dearth of trained professionals with adequate knowledge about ML services
and the government & compliance issues may restrain the Machine
Learning-as-a-Service (MLaaS) market size.
Component
Segment Analysis
The service segment will lead the market during the forecast
period. The service segment can further be divided into two major segments,
professional services, and managed service. Amongst which, the professional
service sub-segment is projected to hold the largest share because of the
increasing application of machine learning solutions and the difficulty of the
operation.
Market
Segmentation
Machine
Learning-as-a-Service (MLaaS) Market by Component
·
Software Tools
o
Data Storage and Archiving
o
Modeler and Processing
o
Cloud and Web-Based Application Programming Interface
o
Others
·
Services
o
Professional Services
o
Managed Services
Machine
Learning-as-a-Service (MLaaS) Market by Application
·
Marketing and Advertising
·
Fraud Detection and Risk Analytics
·
Predictive Maintenance
·
Augmented Reality
·
Network Analytics and Automated Traffic
Management
·
Others
Machine
Learning-as-a-Service (MLaaS) Market by Organization Size
·
Small and Medium Enterprises
·
Large Enterprises
Machine
Learning-as-a-Service (MLaaS) Market by Vertical
·
Education
·
Banking and Financial Services
·
Insurance
·
Automotive and Transportation
·
Healthcare
·
Defense
·
Retail and E-Commerce
·
Media and Entertainment
·
Telecom
·
Others
Smart
Glass Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
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