According to AMA, the Machine Learning as a Service market will register a CAGR of above 42.0% by 2026. The study covers a detailed analysis segmented by key business segments i.e. , 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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Machine Learning as a Service market throughout the predicted period.
What is Machine Learning as a Service?
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 competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Machine Learning as a Service market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- Google [United States]
- IBM Corporation [United States]
- Microsoft Corporation [United States]
- Amazon Web Services [United States]
- BigML [United States]
- FICO [United States]
- Yottamine Analytics [United States]
- Ersatz Labs [United States]
- Predictron Labs [United Kingdom]
- H2O.ai [United States]
- AT&T [United States]
- Sift Science [United States]
Market Overview:
Market Trend
Growing Adoption of Machine Learning Services in Healthcare and Research Oriented Marketing Campaigns and Customer-centric Communication
Restraints
- Lack of Technical Expertise to Deploy Machine Learning Services
- Stringent Regulation and Compliance Issues
Opportunities
Increasing Data Volume and Growing IoT Application and Consistent Retraining of Algorithms
Key highlights of the Global Machine Learning as a Service market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Machine Learning as a Service market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Machine Learning as a Service market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Machine Learning as a Service Players
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Machine Learning as a Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Machine Learning as a Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Machine Learning Service Providers, Potential Technology Investors, Government Agencies and Research Institute.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.