Global Machine Learning as a Service (MLaaS) Market 2018 to Boom $7620.18 Million by 2023 at a CAGR of 41.2%– Orbis Research

OrbisResearch.com has published niche market research report on “Machine Learning as a Service (MLaaS)-Global Market Outlook (2017-2023)”. The study ensures a 360° view, bringing out the complete key insights of the industry.

Dallas, United States - April 11, 2018 /MarketersMedia/ —

According to Stratistics MRC, the Global Machine Learning as a Service (MLaaS) market is expected to grow from $ 679.32 million in 2016 to reach $ 7620.18 million by 2023 with a CAGR of 41.2%. Rising investments in the healthcare business, emerging multiple options in application areas, enhanced connectivity and enlargement in data from IoT platforms are the current trends in machine learning as a service market. Strong need to recognize consumer behaviour, acceptance of cloud-based technologies, and advancements in technologies are some of the major factors enhancing the market growth. However, the lack of trained consultants to organize machine learning services and government & compliance issues are restraining the growth of MLaaS solutions market.

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On the basis of organization, small and medium businesses segment is projected to adopt machine learning service. With the help of predictive analytics machine learning, algorithms not only give real-time data but also predict the future. Machine learning solutions are used by small and medium businesses for fine-tuning their supply chain by forecasting the demand of a product and by suggesting the timing and quantity of supplies essential for satisfying the customers’ expectations.

North America is expected to capture significant growth during forecast period. High adoption rate of new technologies and huge demand for technologies like machine learning and big data are expected to drive the machine learning market in this region.

Some of the key players in the Machine Learning as a Service (MLaaS) market are identified as Microsoft, AT&T, FICO, Ersatz Labs, Inc., International Business Machine Corporation, Fuzzy.Ai, Amazon Web Services, Hewlett-Packard Enterprise Development Lp., Google, Inc., Yottamine Analytics, LLC, Sift Science, Inc., BigML, Inc. and iCarbonX.

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Applications Covered:
Network Analytics and Automated Traffic Management
Augmented Reality
Predictive Maintenance
Fraud Detection and Risk Analytics
Marketing and Advertising
Other Applications

End Users Covered:
Education
Automotive and Transportation
Telecom
Banking and Financial Services
Retail and E-Commerce
Media and Entertainment
Insurance
Healthcare
Defense
Other End Users

Components Covered:
Services
Software Tools

Organization Sizes Covered:
Small and Medium Enterprises
Large Enterprises

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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Major points from Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Machine Learning as a Service (MLaaS) Market, By Application
6 Global Machine Learning as a Service (MLaaS) Market, By End User
7 Global Machine Learning as a Service (MLaaS) Market, By Component
8 Global Machine Learning as a Service (MLaaS) Market, By Organization Size
9 Global Machine Learning as a Service (MLaaS) Market, By Geography
10 Key Developments
11 Company Profiling

Few points from List of Figures:
Table 1 Global Machine Learning as a Service (MLaaS) Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Machine Learning as a Service (MLaaS) Market Outlook, By Application (2014-2023) ($MN)
Table 3 Global Machine Learning as a Service (MLaaS) Market Outlook, By Network Analytics and Automated Traffic Management (2014-2023) ($MN)
Table 4 Global Machine Learning as a Service (MLaaS) Market Outlook, By Augmented Reality (2014-2023) ($MN)
Table 5 Global Machine Learning as a Service (MLaaS) Market Outlook, By Predictive Maintenance (2014-2023) ($MN)
Table 6 Global Machine Learning as a Service (MLaaS) Market Outlook, By Fraud Detection and Risk Analytics (2014-2023) ($MN)
Table 7 Global Machine Learning as a Service (MLaaS) Market Outlook, By Marketing and Advertising (2014-2023) ($MN)
Table 8 Global Machine Learning as a Service (MLaaS) Market Outlook, By Other Applications (2014-2023) ($MN)
Table 9 Global Machine Learning as a Service (MLaaS) Market Outlook, By End User (2014-2023) ($MN)
Table 10 Global Machine Learning as a Service (MLaaS) Market Outlook, By Education (2014-2023) ($MN)
Table 11 Global Machine Learning as a Service (MLaaS) Market Outlook, By Automotive and Transportation (2014-2023) ($MN)
Table 12 Global Machine Learning as a Service (MLaaS) Market Outlook, By Telecom (2014-2023) ($MN)
Table 13 Global Machine Learning as a Service (MLaaS) Market Outlook, By Banking and Financial Services (2014-2023) ($MN)

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Release ID: 329133