Machine Learning As A Service (Mlaas) Market To Reach USD 12.7 Billion By 2027 | CAGR 41.9% — Forencis Research

  • According to the new market research report “Machine Learning As A Service (MLAAS) Market by Component (Solution, Service), by Enterprise Size (Small And Medium-Sized Enterprises (SMEs) and Large Enterprises), by Application (Fraud and Risk Management, Sales and Marketing, Augmented Reality, Automated Traffic Management and Others), by End-User (BFSI, Retail, Government and Defense, Healthcare, Manufacturing, Telecommunications, Automotive & Transportation and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) — Global Forecast (2020 to 2027)”, the global Machine Learning As A Service (MLAAS) market is estimated to reach USD 12.7 Billion by 2027 at a CAGR of around 41.9% during the review period.
  • Machine Learning as a Service (MLaaS) helps to offers services for the predictive analytics, deep learning, data visualization, predictive analytics, natural language processing, data visualization as well as for the advanced machine learning algorithms.
  • Moreover, it benefits for both pattern recognition as well as probabilistic reasoning which will lead to enhance the growth of the Machine Learning as a Service (MLaaS) market in the forecast period.
  • With the increasing rate of adoption for the Internet of Thing (IoT) is witness to boost the growth of the machine learning as a services market in the projected period. Whereas, it helps to provide a benefit with data analytics, as well as for inference.
  • The Microsoft offers Azure IoT Edge services in the Azure framework for the deployment of skilled machine learning models to the IoT as well as to the edge computing devices.
  • One of the major key concern of the machine learning as a service market is the shortage of skilled professional which may hamper the market growth.
  • Increasing demand of cloud-based technologies as well as automatic learning to enhance its services and productivity which will lead to boost the growth of the market in the projected period.
  • Europe:
  • Asia-Pacific:
  • Amazon Web Services, Inc.:
  • Microsoft:

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