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Pune, India -- (SBWire) -- 02/04/2019 --Machine Learning as a Service (MlaaS) Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. Machine Learning as a Service (MlaaS) market report provides current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the Machine Learning as a Service (MlaaS) industry.

The Machine Learning as a Service (MlaaS) market is anticipated to increase at a significant CAGR of 43.46% during the years 2018-2023.

With advancements in the data science and artificial intelligence technologies, the performance of machine learning has accelerated at a rapid pace. Companies are now identifying the potential of this technology, and therefore, the adoption rate of the same is expected to increase over the forecast period. Companies are offering machine learning solutions on a subscription-based model, making it easier for the consumers to take the advantage of this technology.

MLaaS model is expected to dominate the market, with users having an option to choose from a wide variety of solutions that are focused on different business needs. Also, factors, such as the increasing adoption of cloud-based services, IoT, and automation, and the growing need for consumer behavior analysis are expected to drive the machine learning as a service market.

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Key Developments in the Machine Learning as a Service (MlaaS) Market:

=>January 2018 - Microsoft and Nordcloud partnered to boost the penetration of Artificial Intelligence in Europe.The companies have increased their focus toward AI and cloud computing, rolling out new services and partnerships as a part of their aim to democratize artificial intelligence. Nordcloud announced that the two companies would join hands to boost the spread of AI and machine learning services to Nordcloud customers, across Europe. This partnership is expected to pave the way for further such partnership between MLaaS providers and cloud-service providers in the near future.

=>November 2017 - Amazon Web Services brought machine learning to the enterprise and start-up masses and released a fully managed end-to-end MLaaS called Sagemaker and a video camera, which runs deep learning models dubbed DeepLens. Through this, the company aimed at eliminating hurdles while building machine learning models.

Key Manufacturers of Machine Learning as a Service (MlaaS) Market: Microsoft Corporation, IBM Corporation, Amazon Web Services, Inc., Google Inc., Hewlett Packard Inc., Fair Isaac Corporation, PurePredictive Inc, Sift Science Inc, And many more…

Machine Learning as a Service (MlaaS) market report provides key statistics on the market status of the Machine Learning as a Service (MlaaS) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Machine Learning as a Service (MlaaS) industry.

Geographical Regions: US, Canada, Mexico, Rest of North America, Brazil, Argentina, Rest of South America, China, Japan, India, Rest of Asia-Pacific, UK, Germany, France, Rest of Europe, UAE, South Africa, Saudi Arabia.

Machine Learning as a Service (MlaaS) market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, demand and present scenarios in Machine Learning as a Service (MlaaS) market.

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Machine Learning as a Service (MlaaS) Market Dynamics

Drivers

- Increasing Adoption of IoT and Automation

- Growing Need for Consumer Behavior Analysis

- Increasing Adoption of Cloud-based Services

Restraints

- Security Concerns

- Need for Skilled Personnel

Global Machine Learning as a Service (MlaaS) market report delivers detailed study on the major drivers and restraints for the key players & their impact.

Key Questions Answered in Machine Learning as a Service (MlaaS) Market Report:

-What will the market size be in 2023 and what will the growth rate be?

-What are the key market trends?

-What is driving this market?

-What are the challenges to Machine Learning as a Service (MlaaS) market growth?

-Who are the key Manufacturers in Machine Learning as a Service (MlaaS) market space?

-What are the market opportunities and threats faced by the key Manufacturers?

-What are the strengths and weaknesses of the key Manufacturers?

Global Machine Learning as a Service (MlaaS) market report explains in-depth information about market development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Machine Learning as a Service (MlaaS) market before evaluating its possibility.

No. of pages: 109

Price of Report: $ 4250 (Single User License)

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