Global Machine Learning as a Service Market is Expected to Grow at a CAGR of 43.7% during the Forecast period (2016-2024)
According to Goldstein Research, with growing IT and telecomm sector, deployment of IoT in systems has grown significantly in past few years. The demand for extraction of knowledge is growing along with huge data generated by sources such as social media, mobile apps and IoT systems. Moreover, rising automation of technology such as industrial robots and autonomous vehicles are also boosting the growth of market.
Global Machine Learning as a Service Market Outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe. Moreover, many industries are focusing on understanding consumer behavior and their interests to fulfill each consumer needs efficiently. This significantly enlarges the investments in machine learning as a service solutions and technology, considerably driving the growth of global machine learning as a service market.
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Market Segmentation
On the basis of our in-depth analysis, global machine learning as a service market can be segmented as follows:
By Services
o Predictive/Prescriptive Analytics
o Cyber Analytics
o IoT Analytics
o Customer and Social Analytics
By Deployment
o Public Cloud
o Private Cloud
By Applications
o Advertising & Marketing
o Predictive Maintenance
o Automated Network Management
o Risk Analytics and Fraud Detection
o Other
End Users
o IT Sector
o Telecom Industry
o Automotive Sector
o Manufacturing Sector
o Healthcare Sector
o Aerospace and Defense
o Retail and E-Commerce Industry
o Media and entertainment
o BFSI (Banking, Financial services and Insurance)
o Other (Education, Government Organizations etc.)
Based on Geography
o North America (U.S. & Canada) Machine Learning as a Service Market {Market Share (%), Market Size(USD Billion)}
o Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Machine Learning as a Service Market {Market Share (%), Market Size(USD Billion)}
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Machine Learning as a Service Market {Market Share (%), Market Size(USD Billion)}
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Machine Learning as a Service Market {Market Share (%), Market Size(USD Billion)}
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Machine Learning as a Service Market {Market Share (%), Market Size(USD Billion)}
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“Global Machine Learning as a Service Market Outlook 2024” contains detailed overview of the global machine learning as a service market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by services type, by deployment type, by applications and by end users.
Further, for the in-depth analysis, Global Machine Learning as a Service Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IBM corp., Microsoft Corp., IBM corp. Amazon Web Services, Google Inc., BigML Inc., Hewlett Packard Inc., FICO, Pure Predictive Inc., SAS Institute Inc. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global machine learning as a service market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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