AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Machine Learning as a Service market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Machine Learning as a Service market to grow at a CAGR of 42.0% to aggregate USD7.83 Billion by 2026.

The End Users, such as Education, is boosting the Machine Learning as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Organization Sizes, such as Small and Medium Enterprises, is boosting the Machine Learning as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Machine Learning as a Service market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growing Adoption of Cloud Computing Technology and Need to Study Growing Value of Data Effectively”.
 

Machine learning as a service performs statistical analysis of data to understand its current and future relationship in order to better decision making. It makes use of huge amount of data to deliver improved analytical output. The main purpose of these services is to let customer start machine learning without need of installing software.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Machine Learning as a Service market , by Application (Network Analytics and Automated Traffic Management, Augmented Reality, Predictive Maintenance, Fraud Detection and Risk Analytics, Marketing and Advertising and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market