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Machine Learning-as-a-Service (MLaaS) Market – Forecast, 2020-2027

The primary factors contributing to the growth of the global machine learning-as-a-service market are the rising adoption of cloud-based technology among organizations and the increasing need to understand the behavioral of the customer. Additionally, MLaaS are being largely adopted by enterprise across the industries to improve customer experience, which is also propelling the growth of the market.<br><br>Visit: https://www.gmiresearch.com/report/machine-learning-as-a-service-mlaas-market/

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Machine Learning-as-a-Service (MLaaS) Market – Forecast, 2020-2027

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  1. Report Title Machine Learning-as-a-Service (MLaaS) Market – Global Opportunities and Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

  2. The market mainly elaborates the definitions, classifications, market overview, and the industry chain analysis. The report also covers market size, share, trends, and growth analysis on the basis of different parameters. It profoundly displays the current market investigation situation and the upcoming situation in the coming years. Key Drivers of the Machine Learning-as-a-Service (MLaaS) Market: The primary factors contributing to the growth of the global machine learning-as-a- service market are the rising adoption of cloud-based technology among organizations and the increasing need to understand the behavioral of the customer. Additionally, MLaaS are being largely adopted by enterprise across the industries to improve customer experience, which is also propelling the growth of the market. The ML helps to gain insights about customer buying patterns, behavior, and interest as it offers effective data management. Moreover, advancement in technologies such as Artificial Intelligence (AI), Machine Learning (ML), and learning and analytics technologies, along with growing in affordability of data storage, further fuelled the growth of the machine learning-as-a- service market size. Internet of Things (IoT), cognitive computing, deep learning, and other technologies are creating various growth opportunities in the machine learning- as-a-service market. With the rising adoption of IoT and automation systems across the industries, there has been a rise in the demand for MLaaS as the IoT, smart and connected technologies are generating a massive amount of data, which can be analyzed and used to retrieve profitable insights. In addition to this, major organizations provide machine learning services and offer numerous options to run ML algorithms using a cloud-based platform. On the other hand, the lack of skilled professionals to deploy ML services and government & compliance issues will hinder the growth of the global machine learning-as-a-service market. Top list of key players in the Machine Learning-as-a-Service (MLaaS) Market: •Microsoft Corporation •International Business Machine Corporation •Google LLC •Amazon Web Services 2

  3. •BigML, Inc. •FICO •Hewlett Packard Enterprise Development LP •SAS Institute Inc. •Yottamine Analytics, LLC •DataRobot, Inc. •Algolytics Segmentation of the Machine Learning-as-a-Service (MLaaS) Market: The report covers all the regions and countries of the world, which shows a regional development status, including the market size, volume, and value, as well as price data. Besides, the report also covers various segment data of the market. Breakup by component: •Software Tools o Data Storage and Archiving o Modeler and Processing o Cloud and Web-Based Application Programming Interface o Others •Services o Professional Services o Managed Services Breakup by Application: •Marketing and Advertising •Fraud Detection and Risk Analytics •Predictive Maintenance •Augmented Reality •Network Analytics and Automated Traffic Management •Others Breakup by Organization Size: •Small and Medium Enterprises 3

  4. •Large Enterprises Breakup by Vertical: •Education •Banking and Financial Services •Insurance •Automotive and Transportation •Healthcare •Defense •Retail and E-Commerce •Media and Entertainment •Telecom •Others Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE 4

  5. oRest of the world (remaining countries of the LAMEA region) About GMI Research: GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 5

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