Machine learning as a Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Machine Learning as a Service (MLaaS) Market size is expected to grow at an annual average of 43% during The Machine Learning-as-a-Service (MLaaS) market was valued at $1.6 billion in 2020 and is projected to reach $12.1 billion by 2026, registering a CAGR of 39% between 2021 and 2027. Due to the COVID-19 pandemic, many organizations have accelerated their migration to public cloud solutions. This is because cloud service elasticity can meet unexpected spikes in service demand. Migrating to the cloud has helped reinvent the way businesses do business during COVID-19. Demand for AI services has increased, and many cloud providers offer AIaaS and MLaaS. As a result, the global cloud market recorded significant growth in the healthcare sector in 2020. AI and ML technologies are being heavily used to fight COVID-19.

The following segmentation are covered in this report:

By Organization Size

• SMEs
• Large Enterprises

 By Service

• Professional Services
• Managed Services

By Application

• Marketing and Advertising
• Fraud Detections and Risk Analytics
• Predictive Maintenance
• Augmented Reality
• Network Analytics and Automate Traffic Management
• Others

 Company Profile

• Microsoft Corporation
• IBM Corporation
• Google LLC
• SAS Institute Inc.
• Fair Isaac Corporation (FICO)
• Hewlett Packard Enterprise Company
• Yottamine Analytics LLC

Scope of the report

The research study analyses the Machine Learning as a Service (MLaaS) Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Machine Learning as a Service (MLaaS) Market Report

• What was the Machine Learning as a Service (MLaaS) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of 43% Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Machine Learning as a Service (MLaaS) Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.