“Machine Learning as a Service Market:
Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand
Analysis & Opportunity Evaluation”
The global machine learning as
a service market is segmented into end use application such as manufacturing,
retail, healthcare & life sciences, BFSI, travel & hospitality and
other (energy, feedstock & utilities). Among these segments, healthcare
& life sciences segment is expected to occupy the top position in the
market. The rise of the healthcare & hospitality segment is backed by rising
utilization of analytical technologies in hospitals. Moreover, government initiatives
to boost the healthcare sector in several developed and developing nations is
expected to impel the growth of the healthcare & hospitality segment.
Global machine learning as a
service market is expected to register a 40.2% CAGR over the forecast period.
Moreover, the global machine learning as a service market was valued at USD 1.1
Billion in 2016. The market is expected to expand on the back of rising uptake from
several end use industries.
Public cloud segment by
deployment type is estimated to grow at a significant CAGR during the forecast
period. Moreover, the public cloud segment is expected to account for the
largest share of revenue across the globe. Factors such as ease of establishment
and financial benefit to the enterprises are expected to propel the growth of
this segment.
Rising Uptake of Analytical Technologies from Several
Industry Verticals
Spiked adoption of advanced analytical techniques is
driving the growth of machine
learning as a service market.
Further, machine learning helps the online stores to collect and
analyses the information about consumer behavior. Moreover, machine learning
as a service market is being heavily adopted by several industry verticals to
generate high revenue. These factors are expected to bolster the market of machine
learning as a service.
Increasing Demand for IoT Connected Devices & Services
Rapid pace in digitalization
coupled with high demand for innovative digital technologies by various
enterprises is driving the growth of global machine learning as a service
market. Furthermore, market of digitalization is expected to grow at
unprecedented growth during the forecast period which is further anticipated to
increase the demand for machine learning as a service.
Although, increasing concern
regarding data security among population is likely to inhibit the growth of the
machine learning as a service market in the near future. Additionally, lack of
skilled professionals is believed to slow down the growth of global machine
learning as a service market.
The
report titled “Global Machine Learning as a Service
Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024)
Demand Analysis & Opportunity Evaluation”
delivers
detailed overview of the global machine learning as a service market in terms
of market segmentation by deployment type, by end use application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global machine
learning as a service market which includes company profiling of Google Inc., IBM Corporation, Microsoft Corporation, Tata
Consultancy Services, Amazon Web Services, Hewlett Packard, Big MI Inc., Fair
Issac and Company (FICO), Yottamine Analytics, Predictron Labs Ltd. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global machine
learning as a service market that will help industry consultants, equipment
manufacturers, 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.
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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