0

Global Machine Learning-as-a-Service (MLaaS) Market 2019-2023

  • Published: Aug 2019
  • Pages: 136
  • SKU: IRTNTR31634
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The global machine learning as a service (MLaaS) market size will grow by USD 8 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (banking, financial services and insurance (BFSI), retail, telecommunications, healthcare, manufacturing, and other end-users) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the MLaaS market’s competitive landscape and offers information on many vendors, including Google LLC, Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., and SAS Institute Inc.

Some of the key findings from the machine learning as a service market analysis report are summarized below

Machine-Learning-as-a-Service-Market

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Get a FREE sample now!

Global Machine Learning as a Service Industry Overview

Enterprises across industries are focusing on improving the customer experience as a business strategy to improve their competitive edge. The current digitalization of enterprises has improved their operational efficiency. However, they are seeking upgraded technologies for effective data management, such as customer data, to analyze them in the future to optimize business strategies. MLaaS is one such technology that is being adopted across end-user industries to gain better data insights about customer buying patterns and interests. The ability of ML in reducing or removing tasks is another significant factor prompting end-users to adopt the technology. The use of ML is increasing among enterprises for customer experience management, which will drive MLaaS market growth at a CAGR of over 38% during 2019-2023.

The digitalization of the retail sector has increased the usage of technologies such as MLaaS. Significant rise in online shopping has prompted e-commerce vendors in adopting MLaaS for inventory optimization, fraud detection, demand forecasting by price optimization, marketing, and product placement with behavioral tracking, and customer servicing. The growing awareness about the benefits of automating processes using MLaaS has been increasing its adoption, which, in turn, has augmented the sales of market vendors. The retail industry will continue to make investments in technologies to improve sales and efficiency, and this will be one of the key machine learning as a service market trends that will drive market growth in the coming years.

Top Machine Learning as a Service Companies Covered in this Market Research Report

The global machine learning as a service market is concentrated. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this machine learning as a service market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading machine learning as a service companies, including:

  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • IBM Corp.
  • Microsoft Corp.
  • SAS Institute Inc.

Machine Learning as a Service Market Segmentation Based on Product

  • BFSI
  • Retail
  • Telecommunications
  • Healthcare
  • Manufacturing
  • Other end-users

The BFSI sector held the largest market share in 2018 and will account for the highest machine learning as a service market share over the forecast period. The rising need for BFSI companies to automate customer service operations and improve risk management is expected to boost the growth of the market segment in the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of machine learning as a service market size.

Machine Learning as a Service Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the machine learning as a service market throughout the forecast period. Factors such as the high adoption of cloud solutions and ML and a significant amount of data generation from data-driven industries such as the BFSI sector are contributing to the machine learning as a service market growth in the region.

Key Highlights of the Global Machine Learning as a Service Market Forecast Report for the Period 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of machine learning as a service market during the next five years
  • Precise estimation of the global machine learning as a service market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of machine learning as a service industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of machine learning as a service companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • BFSI - Market size and forecast 2018-2023
  • Retail - Market size and forecast 2018-2023
  • Telecommunications - Market size and forecast 2018-2023
  • Healthcare - Market size and forecast 2018-2023
  • Manufacturing - Market size and forecast 2018-2023
  • Other end-users - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Application of ML to IoT data
  • Increasing technology investments in retail industry
  • Growing number of acquisitions and partnerships

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • IBM Corp.
  • Microsoft Corp.
  • SAS Institute Inc.

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>