Machine Learning As A Service Market By Deployment Model (Cloud-based, On-premise), By Application (Marketing & Advertising, Predictive Maintenance, Augmented Reality, Fraud Detection And Risk Analytics, Network Analytics And Automated Traffic Management, Others), By End-user (Retail, Telecom, Healthcare, Manufacturing, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Growing Adoption of Cloud-based Technologies to boost the demand for Machine Learning as a Service Market
The machine learning as a service market worldwide is estimated to grow with a CAGR of 35.4% throughout the forecast period from 2019 to 2027, starting from US$ 1,117.9 Mn in 2018. Growing cloud-based technologies need to understand consumer behavior and rising technological advancements are the major factors driving the market growth. Massive technological disruptions along with digitization is another factor driving the market growth. Wide industrial applications of MLaaS is one of major reasons for the market growth. Growth of Big Data industry and Internet of Things (IoT) will also boost the demand for the market. Therefore, we assume that the machine learning as a service market will show tremendous growth throughout the forecast period.
Network Analytics and Automated Traffic Management Segment to be the Fastest Growing Segment
The machine learning as a service market by application is segmented into marketing & advertising, predictive maintenance, augmented reality, fraud detection & risk analytics, and network analytics & automated traffic management. The network analytics & automated traffic management segment will be the fastest growing segment during the forecast period. As machine learning is an essential tool for automated traffic management & network analytics due to which the segment will grow. Growth of IT infrastructure and introduction of Big Data analytics in the segment is another factor for the segment growth. Therefore, we expect that segment will show huge growth in years to come.
Asia Pacific to be the Fastest Growing
In 2018, North America dominated the machine learning as a service market. North America contributed to around 1/2 of the global market revenue share in the same year. The market growth here is attributed to rapid adoption of concepts such as Big Data Analytics, IoT and others along with presence of major market players. On the other hand, we assume that Asia Pacific region will be the fastest growing region during the forecast period. Rising technological advancements and rapid adoption of cloud-based services in the region are the major factors for the fastest growth of Asia Pacific. Rising government investments in the emerging economies is another factor for the fastest growth of the region.
Some of the prominent players operating in the machine learning as a service market Google Inc., Microsoft Corporation, IBM Corporation, Amazon Web Services, FICO, Yottamine Analytics, Ersatz Labs Inc., Predictron Labs Ltd, H2O.ai, and Sift-Science among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The machine learning as a service market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global machine learning as a service market based on deployment model, application end-user and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Deployment Model (2017–2027; US$ Mn) |
|
Application (2017–2027; US$ Mn) |
|
|
End-user (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
Key questions answered in this report
- What was the market size of machine learning as a service in 2018 and forecast up to 2027?
- Which is the largest regional market for machine learning as a service?
- What are the major trends followed in overall machine learning as a service across different regions?
- Who are the key machine learning as a service companies leading the market?
- What are the key strategies adopted by the leading machine learning as a service companies in market?
Unique data points of this report
- Recent trends across different regions in terms of adoption of machine learning as a service across various applications
- Notable developments going on in machine learning as a service market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Machine Learning as a Service (MLaaS) Market
2.2. Global MLaaS Market, by Deployment Model, 2018 (US$ Mn)
2.3. Global MLaaS Market, by Application, 2018 (US$ Mn)
2.4. Global MLaaS Market, by End-user, 2018 (US$ Mn)
2.5. Global MLaaS Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global MLaaS Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Machine Learning as a Service (MLaaS) Market, by Deployment Model , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Cloud-based
4.3. On-premise
5. Global Machine Learning as a Service (MLaaS) Market, by Application, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Marketing & Advertising
5.3. Predictive Maintenance
5.4. Augmented Reality
5.5. Fraud Detection and Risk Analytics
5.6. Network Analytics and Automated Traffic Management
5.7. Others (Data Classification, Sales Lifecycle Management, etc.)
6. Global Machine Learning as a Service (MLaaS) Market, by End-user, 2017-2027 (US$ Mn)
6.1. Overview
6.2. BFSI
6.3. Retail
6.4. Telecom
6.5. Healthcare
6.6. Manufacturing
6.7. Others (Aerospace & Defense, Government, etc.)
7. North America Machine Learning as a Service (MLaaS) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America MLaaS Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America MLaaS Market Value, By Deployment Model, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America MLaaS Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America MLaaS Market Value, By End-user, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America MLaaS Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Machine Learning as a Service (MLaaS) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe MLaaS Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe MLaaS Market Value, By Deployment Model, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe MLaaS Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe MLaaS Market Value, By End-user, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe MLaaS Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Machine Learning as a Service (MLaaS) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific MLaaS Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific MLaaS Market Value, By Deployment Model, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific MLaaS Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific MLaaS Market Value, By End-user, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific MLaaS Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Machine Learning as a Service (MLaaS) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World MLaaS Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World MLaaS Market Value, By Deployment Model, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World MLaaS Market Value, By Application, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World MLaaS Market Value, By End-user, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World MLaaS Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Google Inc.
11.2. Microsoft Corporation
11.3. IBM Corporation
11.4. Amazon Web Services
11.5. FICO
11.6. Yottamine Analytics
11.7. Ersatz Labs Inc.
11.8. Predictron Labs Ltd
11.9. H2O.ai
11.10. Sift-Science
* Here we are using MLaaS as a short form of Machine Learning as a Service
TABLE 1 Market Snapshot: Global Machine Learning as a Service (MLaaS) Market
TABLE 2 Global MLaaS Market, by Deployment Model, 2017–2027 (US$ Mn)
TABLE 3 Global MLaaS Market, by Application, 2017–2027 (US$ Mn)
TABLE 4 Global MLaaS Market, by End User, 2017–2027 (US$ Mn)
TABLE 5 Global MLaaS Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America MLaaS Market, by Deployment Model, 2017–2027 (US$ Mn)
TABLE 7 North America MLaaS Market, by Application, 2017–2027 (US$ Mn)
TABLE 8 North America MLaaS Market, by End User, 2017–2027 (US$ Mn)
TABLE 9 North America MLaaS Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe MLaaS Market, by Deployment Model, 2017–2027 (US$ Mn)
TABLE 11 Europe MLaaS Market, by Application, 2017–2027 (US$ Mn)
TABLE 12 Europe MLaaS Market, by End User, 2017–2027 (US$ Mn)
TABLE 13 Europe MLaaS Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific MLaaS Market, by Deployment Model, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific MLaaS Market, by Application, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific MLaaS Market, by End User, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific MLaaS Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 RoW MLaaS Market, by Deployment Model, 2017–2027 (US$ Mn)
TABLE 19 RoW MLaaS Market, by Application, 2017–2027 (US$ Mn)
TABLE 20 RoW MLaaS Market, by End User, 2017–2027 (US$ Mn)
TABLE 21 RoW MLaaS Market, by Country/Region, 2017–2027 (US$ Mn)
FIG. 1 Global Machine Learning as a Service (MLaaS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MLaaS Market Segmentation
FIG. 4 Global MLaaS Market, by Deployment Model, 2018 (US$ Mn)
FIG. 5 Global MLaaS Market, by Application, 2018 (US$ Mn)
FIG. 6 Global MLaaS Market, by End User, 2018 (US$ Mn)
FIG. 7 Global MLaaS Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key MLaaS Market Manufacturers, 2018
FIG. 10 Global MLaaS Market, by Cloud-based, Value, 2017–2027 (US$ Mn)
FIG. 11 Global MLaaS Market, by On-premise, Value, 2017–2027 (US$ Mn)
FIG. 12 Global MLaaS Market, by Marketing & Advertising, 2017–2027 (US$ Mn)
FIG. 13 Global MLaaS Market, by Predictive Maintenance, Value, 2017–2027 (US$ Mn)
FIG. 14 Global MLaaS Market, by Augmented Reality, Value, 2017–2027 (US$ Mn)
FIG. 15 Global MLaaS Market, by Fraud Detection and Risk Analytics, Value, 2017–2027 (US$ Mn)
FIG. 16 Global MLaaS Market, by Network Analytics and Automated Traffic Management, Value, 2017–2027 (US$ Mn)
FIG. 17 Global MLaaS Market, by Others (Data Classification, Sales Lifecycle Management, etc.), Value, 2017–2027 (US$ Mn)
FIG. 18 Global MLaaS Market, by BFSI 2017–2027 (US$ Mn)
FIG. 19 Global MLaaS Market, by Retail, Value, 2017–2027 (US$ Mn)
FIG. 20 Global MLaaS Market, by Telecom, 2017–2027 (US$ Mn)
FIG. 21 Global MLaaS Market, by Healthcare, Value, 2017–2027 (US$ Mn)
FIG. 22 Global MLaaS Market, by Manufacturing, 2017–2027 (US$ Mn)
FIG. 23 Global MLaaS Market, by Others (Aerospace & Defense, Government, etc.)Value, 2017–2027 (US$ Mn)
FIG. 24 U.S. MLaaS Market, 2017–2027 (US$ Mn)
FIG. 25 Canada MLaaS Market, 2017–2027 (US$ Mn)
FIG. 26 U.K. MLaaS Market, 2017–2027 (US$ Mn)
FIG. 27 Germany MLaaS Market, 2017–2027 (US$ Mn)
FIG. 28 France MLaaS Market, 2017–2027 (US$ Mn)
FIG. 29 Italy MLaaS Market, 2017–2027 (US$ Mn)
FIG. 30 Rest of Europe MLaaS Market, 2017–2027 (US$ Mn)
FIG. 31 Japan MLaaS Market, 2017–2027 (US$ Mn)
FIG. 32 China MLaaS Market, 2017–2027 (US$ Mn)
FIG. 33 India MLaaS Market, 2017–2027 (US$ Mn)
FIG. 34 Rest of Asia Pacific MLaaS Market, 2017–2027 (US$ Mn)
FIG. 35 Middle East & Africa MLaaS Market, 2017–2027 (US$ Mn)
FIG. 36 Latin America MLaaS Market, 2017–2027 (US$ Mn)
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