The Machine Learning-as-a-Service (MLaaS) market was valued at $1.6 billion in 2020 and is projected to reach $12.1 billion by 2026, registering a CAGR of 39% between 2021 and 2027. Due to the COVID-19 pandemic, many organizations have accelerated their migration to public cloud solutions. This is because cloud service elasticity can meet unexpected spikes in service demand. Migrating to the cloud has helped reinvent the way businesses do business during COVID-19. Demand for AI services has increased, and many cloud providers offer AIaaS and MLaaS. As a result, the global cloud market recorded significant growth in the healthcare sector in 2020. AI and ML technologies are being heavily used to fight COVID-19.
A full report of Machine learning as a Service Market available at: https://www.orionmarketreports.com/machine-learning-as-a-service-market/50038/
Company Profile
• Microsoft Corporation
• IBM Corporation
• Google LLC
• SAS Institute Inc.
• Fair Isaac Corporation (FICO)
• Hewlett Packard Enterprise Company
• Yottamine Analytics LLC
Machine learning as a Service Market- Segmentation
By Organization Size
• SMEs
• Large Enterprises
By Service
• Professional Services
• Managed Services
By Application
• Marketing and Advertising
• Fraud Detections and Risk Analytics
• Predictive Maintenance
• Augmented Reality
• Network Analytics and Automate Traffic Management
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
