MLaaS Market share research by applications and regions for 2017-2024

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MLaaS Market share research by applications and
regions for 2017-2024 Global Market Insights Inc.
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Regional Analysis of Machine Learning as a
Service Market

• North America dominates the machine learning as a
  service market owing to high demand for
  integrating machine learning with advanced
  technologies such as Big Data and Internet of
  Things (IoT). With growing RD investment for IT
  in the U.S., the region is expected to maintain
  its dominant position in the market during the
  forecast period. APAC machine learning as a
  service market is expected to witness accelerated
  growth during the forecast period due to
  increasing awareness and sustainable growth of IT
  sector in the region.
• Machine Learning as a Service Market size is
  buoyed by increasing penetration of cloud-based
  applications, increasing popularity and
  acceptance Artificial Intelligence (AI) and
  cognitive computing solutions along with large
  volume and high diversity of data being produced
  and stored by enterprises. Machine learning is
  one of the fastest growing dimensions of computer
  science and has far-reaching applications. It
  refers to the automated detection of meaningful
  patterns in data under consideration.

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Application Analysis of Machine Learning as a
Service Market

• Providers offer different software tools under
  machine learning as a service market offering
  that include modeling and processing tools, data
  storage, and archiving tools and
  web-based/cloud-based application programming
  interfaces. In terms of services, these providers
  offer managed services as well as professional
  services based upon the extent of analysis
  required by the customers. The solution aids
  enterprises to take a more cognitive approach to
  cost-effectively produce applications that have
  cognitive capabilities. Developer can create
  applications more expeditiously using the
  capability of such services to accelerate data
  modeling processes.

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Market research reports Key analytical components
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Competitive Market Share of Machine Learning as
a Service Market

• Some of the key players operating in the machine
  learning as a service market are Microsoft,
  Amazon Web Services, IBM, Google, BigML, FICO,
  DataRobot, Yottamine Analytics, HPE, PREDICTRON
  LABS and ABM.

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