Machine Learning As A Service Market - Growth, Future Prospects and Competitive Analysis, 2022

The machine learning as a service market worldwide is estimated to grow with a CAGR of 35.5% throughout the forecast period from 2022 to 2030, starting from US$ 2,308.4 Mn in 2021. 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 2021, 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 study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Machine Learning As A Service market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the Machine Learning As A Service market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

Research Period: 2020-2030
Base Year: 2021
Forecast Period: 2022-2030
Historical Year: 2020
Unit: USD Million

Segmentation

Deployment Model

Cloud-based
On-premise

Application

Marketing & Advertising
Predictive Maintenance
Augmented Reality
Fraud Detection and Risk Analytics
Network Analytics and Automated Traffic Management
Others (Data Classification, Sales Lifecycle Management, etc.)

End-User

BFSI
Retail
Telecom
Healthcare
Manufacturing
Others (Aerospace & Defense, Government, etc.)

Region Segment (2020-2030; US$ Million)

North America
- U.S.
- Canada
- Rest of North America

UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific

Latin America
- Brazil
- Mexico
- Rest of Latin America

Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

Pre COVID-19 situation
Post COVID-19 situation

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Machine Learning As A Service market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Machine Learning As A Service market?

Which is the largest regional market for Machine Learning As A Service market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Machine Learning As A Service market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Machine Learning As A Service market worldwide?

Product Code: 139115-06-22

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
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. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Machine Learning As A Service Market
2.2. Global Machine Learning As A Service Market, By Deployment Model, 2021 (US$ Million)
2.3. Global Machine Learning As A Service Market, By Application, 2021 (US$ Million)
2.4. Global Machine Learning As A Service Market, By End-User, 2021 (US$ Million)
2.5. Global Machine Learning As A Service Market, By Geography, 2021 (US$ Million)
2.6. Impact of Covid 19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Machine Learning As A Service Market Vendors
- 2.8.2. Strategies Adopted by Machine Learning As A Service Market Vendors
- 2.8.3. Key Industry Strategies

3. Machine Learning As A Service Market: Business Outlook & Market Dynamics

3.1. Introduction
3.2. Global Machine Learning As A Service Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape

4. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)

4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
- 4.3.1. Cloud-based
- 4.3.2. On-premise

5. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
- 5.3.1. Marketing & Advertising
- 5.3.2. Predictive Maintenance
- 5.3.3. Augmented Reality
- 5.3.4. Fraud Detection and Risk Analytics
- 5.3.5. Network Analytics and Automated Traffic Management
- 5.3.6. Others (Data Classification, Sales Lifecycle Management, etc.)

6. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
- 6.3.1. BFSI
- 6.3.2. Retail
- 6.3.3. Telecom
- 6.3.4. Healthcare
- 6.3.5. Manufacturing
- 6.3.6. Others (Aerospace & Defense, Government, etc.)

7. North America Machine Learning As A Service Market, 2020-2030, USD (Million)

7.1. Market Overview
7.2. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)
7.3. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)
7.4. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)
7.5.Machine Learning As A Service Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
  - 7.5.1.1. U.S.
  - 7.5.1.2. Canada
  - 7.5.1.3. Rest of North America

8. UK and European Union Machine Learning As A Service Market, 2020-2030, USD (Million)

8.1. Market Overview
8.2. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)
8.3. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)
8.4. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)
8.5.Machine Learning As A Service Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
  - 8.5.1.1. UK
  - 8.5.1.2. Germany
  - 8.5.1.3. Spain
  - 8.5.1.4. Italy
  - 8.5.1.5. France
  - 8.5.1.6. Rest of Europe

9. Asia Pacific Machine Learning As A Service Market, 2020-2030, USD (Million)

9.1. Market Overview
9.2. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)
9.3. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)
9.4. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)
9.5.Machine Learning As A Service Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
  - 9.5.1.1. China
  - 9.5.1.2. Japan
  - 9.5.1.3. India
  - 9.5.1.4. Australia
  - 9.5.1.5. South Korea
  - 9.5.1.6. Rest of Asia Pacific

10. Latin America Machine Learning As A Service Market, 2020-2030, USD (Million)

10.1. Market Overview
10.2. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)
10.3. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)
10.4. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)
10.5.Machine Learning As A Service Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
  - 10.5.1.1. Brazil
  - 10.5.1.2. Mexico
  - 10.5.1.3. Rest of Latin America

11. Middle East and Africa Machine Learning As A Service Market, 2020-2030, USD (Million)

11.1. Market Overview
11.2. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)
11.3. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)
11.4. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)
11.5.Machine Learning As A Service Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
  - 11.5.1.1. GCC
  - 11.5.1.2. Africa
  - 11.5.1.3. Rest of Middle East and Africa

12. Company Profile

12.1. Google Inc.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
12.2. Microsoft Corporation
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
12.3. IBM Corporation
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
12.4. Amazon Web Services
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
12.5. FICO
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
12.6. Yottamine Analytics
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
12.7. Ersatz Labs Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
12.8. Predictron Labs Ltd
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
12.9. H2O.ai
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
12.10. Sift-Science
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives

Product Code: 139115-06-22

List of Tables

TABLE 1 Global Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 2 Global Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 3 Global Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)
TABLE 4 North America Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 5 North America Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 6 North America Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)
TABLE 7 UK and European Union Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 8 UK and European Union Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 9 UK and European Union Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)
TABLE 10 Asia Pacific Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 11 Asia Pacific Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 12 Asia Pacific Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)
TABLE 13 Latin America Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 14 Latin America Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 15 Latin America Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)
TABLE 16 Middle East and Africa Machine Learning As A Service Market By Deployment Model, 2020-2030, USD (Million)
TABLE 17 Middle East and Africa Machine Learning As A Service Market By Application, 2020-2030, USD (Million)
TABLE 18 Middle East and Africa Machine Learning As A Service Market By End-User, 2020-2030, USD (Million)

List of Figures

FIG. 1 Global Machine Learning As A Service Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Machine Learning As A Service Market: Quality Assurance
FIG. 5 Global Machine Learning As A Service Market, By Deployment Model, 2021
FIG. 6 Global Machine Learning As A Service Market, By Application, 2021
FIG. 7 Global Machine Learning As A Service Market, By End-User, 2021
FIG. 8 Global Machine Learning As A Service Market, By Geography, 2021
FIG. 9 Global Machine Learning As A Service Market, By Deployment Model, 2021 Vs 2030, %
FIG. 10 Global Machine Learning As A Service Market, By Application, 2021 Vs 2030, %
FIG. 11 Global Machine Learning As A Service Market, By End-User, 2021 Vs 2030, %
FIG. 12 U.S. Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 13 Canada Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 14 Rest of North America Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 15 UK Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 16 Germany Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 17 Spain Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 18 Italy Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 19 France Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 20 Rest of Europe Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 21 China Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 22 Japan Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 23 India Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 24 Australia Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 25 South Korea Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 26 Rest of Asia Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 27 Brazil Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 28 Mexico Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 29 Rest of Latin America Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 30 GCC Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 31 Africa Machine Learning As A Service Market (US$ Million), 2020 - 2030
FIG. 32 Rest of Middle East and Africa Machine Learning As A Service Market (US$ Million), 2020 - 2030

Machine Learning As A Service Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

Description

Table of Contents

List of Tables

Growing Adoption of Cloud-based Technologies to boost the demand for Machine Learning as a Service Market

Network Analytics and Automated Traffic Management Segment to be the Fastest Growing Segment

Asia Pacific to be the Fastest Growing

Historical & Forecast Period:

Research Methodology

ATTRIBUTE DETAILS

Segmentation

Deployment Model

Application

End-User

Region Segment (2020-2030; US$ Million)

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

Key questions answered in this report:

Table of Contents

1. Preface

2. Executive Summary

3. Machine Learning As A Service Market: Business Outlook & Market Dynamics

4. Machine Learning As A Service Market: By Deployment Model, 2020-2030, USD (Million)

5. Machine Learning As A Service Market: By Application, 2020-2030, USD (Million)

6. Machine Learning As A Service Market: By End-User, 2020-2030, USD (Million)

7. North America Machine Learning As A Service Market, 2020-2030, USD (Million)

8. UK and European Union Machine Learning As A Service Market, 2020-2030, USD (Million)

9. Asia Pacific Machine Learning As A Service Market, 2020-2030, USD (Million)

10. Latin America Machine Learning As A Service Market, 2020-2030, USD (Million)

11. Middle East and Africa Machine Learning As A Service Market, 2020-2030, USD (Million)

12. Company Profile

List of Tables

List of Figures