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Machine Learning as a Service (MLaaS) Market Research Report 2022-2027 | Trends, Growth, Share, Size and Forecast

According to the latest report by IMARC Group, titled, “Machine Learning as a Service (MLaaS) Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“, the global machine learning as a service (MLaaS) market reached a value of US$ 3.90 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.67 Billion by 2027, exhibiting at a CAGR of 36.80% during 2022-2027.

Machine learning comprises a broad set of algorithms that are used to draw valuable models from raw data. Machine learning as a service (MLaaS) helps identify the benefits of cost-effective data storage and assists in setting up effective data governance. These solutions are widely used across various sectors, such as information technology (IT), telecom, automotive, healthcare, aerospace and defense.

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Market Trends

The global market is majorly driven by the rising digital transformations across multiple industries. Moreover, MLaaS are widely employed in cybersecurity and online fraud detection systems across numerous organizations. Coupled with the increasing adoption of cloud-based services across the globe, this is providing an impetus to the market growth. Furthermore, the rising demand for consumer behavior analysis and continual advancements in network connectivity technology have positively influenced the market growth. Other factors, including significant growth in the IT sector, the growing need for operational excellence and the widespread adoption of cloud-based solutions in the banking, financial services and insurance (BFSI) sector, have also created a positive outlook for the market.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • com Inc.
  • Bigml Inc.
  • Fair Isaac Corporation
  • Google LLC (Alphabet Inc.)
  • ai Inc.
  • Hewlett Packard Enterprise Development LP
  • Iflowsoft LLC
  • International Business Machines Corporation
  • Microsoft Corporation
  • MonkeyLearn
  • Sas Institute Inc.
  • Yottamine Analytics Inc.

The report has segmented the market based on component, organization size, application and end user.

Breakup by Component:

  • Software
  • Services

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Application:

  • Marketing and Advertising
  • Fraud Detection and Risk Management
  • Predictive Analytics
  • Augmented and Virtual Reality
  • Natural Language Processing
  • Computer Vision
  • Security and Surveillance
  • Others

Breakup by End User:

  • IT and Telecom
  • Automotive
  • Healthcare
  • Aerospace and Defense
  • Retail
  • Government
  • BFSI
  • Other

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Table of Content:

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Machine Learning as a Service (MLaaS) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Organization Size
    7.1    Small and Medium-sized Enterprises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large Enterprises
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Marketing and Advertising
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Fraud Detection and Risk Management
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Predictive Analytics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Augmented and Virtual Reality
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Natural Language Processing
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Computer Vision
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Security and Surveillance
        8.7.1 Market Trends
        8.7.2 Market Forecast
    8.8    Others
        8.8.1 Market Trends
        8.8.2 Market Forecast
9    Market Breakup by End User
    9.1    IT and Telecom
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Automotive
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Healthcare
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Aerospace and Defense
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Retail
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Government
        9.6.1 Market Trends
        9.6.2 Market Forecast
   9.7    BFSI
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Other
        9.8.1 Market Trends
        9.8.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
  Market Trends
  Market Forecast
        10.1.2 Canada
  Market Trends
  Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
  Market Trends
  Market Forecast
        10.2.2 Japan
  Market Trends
  Market Forecast
        10.2.3 India
  Market Trends
  Market Forecast
        10.2.4 South Korea
  Market Trends
  Market Forecast
        10.2.5 Australia
  Market Trends
  Market Forecast
        10.2.6 Indonesia
  Market Trends
  Market Forecast
        10.2.7 Others
  Market Trends
  Market Forecast
    10.3    Europe
        10.3.1 Germany
  Market Trends
  Market Forecast
        10.3.2 France
  Market Trends
  Market Forecast
        10.3.3 United Kingdom
  Market Trends
  Market Forecast
        10.3.4 Italy
  Market Trends
  Market Forecast
        10.3.5 Spain
  Market Trends
  Market Forecast
        10.3.6 Russia
  Market Trends
  Market Forecast
        10.3.7 Others
  Market Trends
  Market Forecast
    10.4    Latin America
        10.4.1 Brazil
  Market Trends
  Market Forecast
        10.4.2 Mexico
  Market Trends
  Market Forecast
        10.4.3 Others
  Market Trends
  Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1 Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.2    Bigml Inc.
  Company Overview
  Product Portfolio
        15.3.3    Fair Isaac Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.4    Google LLC (Alphabet Inc.)
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.5 Inc.
  Company Overview
  Product Portfolio
        15.3.6    Hewlett Packard Enterprise Development LP
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.7    Iflowsoft LLC
  Company Overview
  Product Portfolio
        15.3.8    International Business Machines Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.9    Microsoft Corporation
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.10    MonkeyLearn
  Company Overview
  Product Portfolio
        15.3.11    Sas Institute Inc.
  Company Overview
  Product Portfolio
  SWOT Analysis
        15.3.12    Yottamine Analytics Inc.
  Company Overview
  Product Portfolio

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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