Machine Learning as a Service Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global machine learning as a service market is expected to witness a significant growth rate with the CAGR of 35% during the forecast period. Machine Learning is an application of computer science that offers computers an ability to learn and predict without being explicitly programmed. Technological advancement, the evolution of the Internet, innovation and rising demand for machine learning are some of the factors that contribute to the growth of the global machine learning as a service market. Machine learning has been highly useful to analyze, extract and interpret large chunks of data and has also simplified the tasks of data scientists. Additionally, the market has considerable demand for high-value predictions that can make decision making better and smart actions in real-time without human intervention.

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The retail industry is rapidly booming in digital space. Players such as Amazon and eBay started this revolution that resulted in huge challenges for the traditional retail business model, and hence, machine learning as a service massive potential for retailers and consumer goods industry. The players in the retail and consumer goods industry are adopting machine learning for driving improvements in customer service and operational efficiency.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global MLaaS Market Report Segment

By Application

  • Advertising and Marketing

  • Natural Language Processing

  • Automated Network Management

  • User Behavior Analytics

  • Others (Risk Detection and Analysis, Predictive Maintenance)


By Deployment

  • Software Tools

  • Cloud and Web-Based Application Programming Interface


By Vertical

  • Education

  • Banking and Financial Services

  • Defense

  • Others (Government, Healthcare and life sciences, Information Technology, Media and entertainment)


By services

  • Professional Services

  • Managed Services


Global MLaaS Market Report Segment by Region

North America

  • United States

  • copyright


Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East & Africa


The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global Machine learning as a service market. Based on the availability of data, information related to products and services, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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