Machine Learning as a Service Market to reach USD 16.13 billion by 2025
Aarkstore Enterprise announced latest Market Research Report Titled "Machine Learning as a Service Market"
Machine Learning as a Service Market to reach USD 16.13 billion by 2025.Machine Learning as a Service Market valued approximately USD 0.87 billion in 2017 is anticipated to grow with a healthy growth rate of more than 43.9% over the forecast period 2018-2025.
Machine learning as a service is a significant range of solutions and services that are offered by cloud service providers. The tools offered by service providers include APIs, data visualization, natural language processing, face recognition, deep learning, and predictive analytics. The main benefit associated with these services is that the customers are able to quickly start with machine learning with no need to install or download any software on their servers.
Enhancements in technology, growth in data volume and rise in IT spending in some of the developing regions are the major factors which are driving the growth in the global market. Additionally, growth in acceptance of cloud-based technologies and increasing need to know customer behavior are further boosting the demand for Machine learning as a service
Major Market players:
• IBM Corporation
• Microsoft Corporation
• Amazon Web Services
• BigML
• FICO
• Yottamine Analytics
• Ersatz Labs
• Predictron Labs
• H2O.ai
• AT&T
• Sift Science
Detailed segments and sub-segment of the market:
By Type:
Software Tools
Cloud and Web-based Application Programming Interface
Other
By Application:
Manufacturing
Retail
Healthcare & Life Sciences
Telecom
BFSI
Others (Energy & Utilities, Education, Government)
By Regions
North America
Europe
Asia Pacific
Latin America
Target Audience of the Machine Learning as a Service Market:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Category: Technology Market Research
Aarkstore Enterprise
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