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Machine Learning as a Service (MLaaS) Market by Component (Software Tools, Services), Organization Size, Application (Marketing, Risk Analytics & Fraud Detection, Predictive Maintenance, Network Analytics), Service and Region - Global Forecast to 2021

Machine Learning as a Service (MLaaS) Market by Component (Software Tools, Services), Organization Size, Application (Marketing, Risk Analytics & Fraud Detection, Predictive Maintenance, Network Analytics), Service and Region - Global Forecast to 2021

“The need to enhance the decision-making capability of machines is driving the Machine Learning as a service (MLaaS) market”
The MLaaS market size is estimated to grow from USD 613.4 million in 2016 to USD 3,755.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of 43.7% from 2016 to 2021. The adoption of cloud-based technologies, strong need to understand customer behavior, and advancements in technologies are increasing the adoption of MLaaS across end users. MLaaS with the help of pattern recognition, advanced analytical methodologies, and APIs is able to make better decisions. With the use of machine learning algorithm, decision-making abilities improve over time without being explicitly programmed. However, the lack of skilled consultants to deploy machine learning services and government and compliance issues are limiting the growth of MLaaS solutions in the market.

“Healthcare industry among all the verticals is expected to gain the maximum traction during the forecast period”
The application of MLaaS in the healthcare industry is used to understand customer behavior and derive in-depth insight into clinical performance. It is also efficient in forecasting future outcomes of patients by the use of advance analytics technology.

Organizations are using machine learning based applications to handle the needs of medical professionals. Due to the real-time data delivery feature of machine learning, medical experts get a clear idea about the patient’s current situation. Machine learning also assists in better diagnosis of the patients.

“North America is projected to grow at the highest rate during the forecast period”
North America is expected to hold the largest market share during the forecast period. One of the prime reasons for this is the increasing number of Small and Medium Enterprises (SMEs) in the MLaaS market providing customized services and solutions. As artificial intelligence is gaining momentum in North America, small players are providing machine learning solutions across multiple verticals as well as applications. Due to this, many major organizations in the market are also acquiring the smaller companies. The region has dominance in the market as the countries in the regions have well-established economies, which allow them to invest in new technologies. The market in North America is expected to witness exponential growth and is projected to be the fastest growing region for the MLaaS market. The growth of MLaaS in the region is fueled by the increased need for enterprise mobility and cloud-based solutions. In addition, the rapid expansion of enterprises in the region is another factor driving the growth of the MLaaS market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profiles of primary participants is as follows:
By Company: Tier 1: 56%, Tier 2: 20%, and Tier 3: 24%
By Designation: C level: 72% and Director level: 28%
By Region: North America: 58%, Europe: 22%, and APAC: 20%

The MLaaS ecosystem comprises the following major vendors:
1. Microsoft (Washington, U.S.)
2. IBM (New York, U.S.)
3. Google, Inc. (California, U.S.)
4. AWS, Inc. (Washington, U.S.)
5. BigML, Inc. (Orlando, U.S.)
6. FICO (California, U.S.)
7. HPE (California, U.S.)

Research Coverage:
The report provides an analysis of MLaaS and associated services across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as application, service, deployment type, user type, industry verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.

REASONS TO BUY THE REPORT:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall MLaaS market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE MACHINE LEARNING AS A SERVICE MARKET
    • MACHINE LEARNING AS A SERVICE MARKET: ENTERPRISE APPLICATIONS
    • GLOBAL MACHINE LEARNING AS A SERVICE MARKET, BY REGION AND INDUSTRY VERTICAL
    • MACHINE LEARNING AS A SERVICE MARKET POTENTIAL
    • LIFECYCLE ANALYSIS, BY REGION, 2016
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • BY COMPONENT
      • BY ORGANIZATION SIZE
      • BY ENTERPRISE APPLICATION
      • BY INDUSTRY VERTICAL
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • MACHINE LEARNING AS A SERVICE: EVOLUTION
    • MACHINE LEARNING AS A SERVICE: VALUE CHAIN ANALYSIS
    • STANDARDS AND REGULATIONS
      • INTRODUCTION
      • CLOUD COMPUTING ASSOCIATION (CCA)
      • STORAGE NETWORKING INDUSTRY ASSOCIATION (SNIA)
      • INTERNATIONAL ORGANIZATION FOR STANDARDIZATION
      • INTERNATIONAL TELECOMMUNICATION UNION
  • MACHINE LEARNING AS A SERVICE MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SOFTWARE TOOL, 2014-2021 (USD MILLION)
    • SOFTWARE TOOLS
      • DATA STORAGE AND ARCHIVING
        • Table DATA STORAGE AND ARCHIVING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table DATA STORAGE AND ARCHIVING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • MODELER AND PROCESSING
        • Table MODELER AND PROCESSING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table MODELER AND PROCESSING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • CLOUD AND WEB-BASED APPLICATION PROGRAMMING INTERFACE
        • Table CLOUD AND WEB-BASED APPLICATION PROGRAMMING INTERFACES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table CLOUD AND WEB-BASED APPLICATION PROGRAMMING INTERFACES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • OTHERS
        • Table OTHERS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table OTHERS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • SERVICES
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table PROFESSIONAL SERVICES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
      • MANAGED SERVICES
        • Table MANAGED SERVICES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table MANAGED SERVICES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • MACHINE LEARNING AS A SERVICE MARKET ANALYSIS, BY APPLICATION
    • INTRODUCTION
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ENTERPRISE APPLICATION, 2014-2021 (USD MILLION)
    • MARKETING AND ADVERTISING
      • Table MARKETING AND ADVERTISING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table MARKETING AND ADVERTISING: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • FRAUD DETECTION AND RISK ANALYTICS
      • Table FRAUD DETECTION AND RISK ANALYTICS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table FRAUD DETECTION AND RISK ANALYTICS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • PREDICTIVE MAINTENANCE
      • Table PREDICTIVE MAINTENANCE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table PREDICTIVE MAINTENANCE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AUGMENTED REALITY
      • Table AUGMENTED REALITY: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table AUGMENTED REALITY: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • NETWORK ANALYTICS AND AUTOMATED TRAFFIC MANAGEMENT
      • Table NETWORK ANALYTICS AND AUTOMATED TRAFFIC MANAGEMENT: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table NETWORK ANALYTICS AND AUTOMATED TRAFFIC MANAGEMENT: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • Table OTHERS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • MACHINE LEARNING AS A SERVICE MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
    • SMALL AND MEDIUM ENTERPRISES
      • Table SMALL AND MEDIUM ENTERPRISES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • MACHINE LEARNING AS A SERVICE MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
    • EDUCATION
      • Table EDUCATION: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • BANKING AND FINANCIAL SERVICES
      • Table BANKING AND FINANCIAL SERVICES: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • INSURANCE
      • Table INSURANCE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • AUTOMOTIVE AND TRANSPORTATION
      • Table AUTOMOTIVE AND TRANSPORTATION: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • DEFENSE
      • Table DEFENSE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • RETAIL AND E-COMMERCE
      • Table RETAIL AND E-COMMERCE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • Table MEDIA AND ENTERTAINMENT: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • TELECOM
      • Table TELECOM: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • OTHERS
      • Table OTHERS: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table MACHINE LEARNING AS A SERVICE MARKET SIZE, BY REGION, 2014-2021 (USD MILLION)
    • GEOGRAPHICAL SEGMENT
      • NORTH AMERICA
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SOFTWARE TOOL, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ENTERPRISE APPLICATION, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • EUROPE
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SOFTWARE TOOL, 2014-2021 (USD MILLION)
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ENTERPRISE APPLICATION, 2014-2021 (USD MILLION)
        • Table EUROPE: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • ASIA-PACIFIC
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SOFTWARE TOOL, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ENTERPRISE APPLICATION, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
      • REST OF THE WORLD (ROW)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY COMPONENT, 2014-2021 (USD MILLION)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SOFTWARE TOOL, 2014-2021 (USD MILLION)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY SERVICE, 2014-2021 (USD MILLION)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD MILLION)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY ENTERPRISE APPLICATION, 2014-2021 (USD MILLION)
        • Table REST OF THE WORLD: MACHINE LEARNING AS A SERVICE MARKET SIZE, BY VERTICAL, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES AND ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND ENHANCEMENTS, 2014-2016
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2014-2016
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2014-2016
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2014-2016
  • COMPANY PROFILES
    • INTRODUCTION
    • MICROSOFT
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTERNATIONAL BUSINESS MACHINE CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AMAZON WEB SERVICES
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GOOGLE, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BIGML, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FICO
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HEWLETT-PACKARD ENTERPRISE DEVELOPMENT LP.
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • KEY INNOVATORS
    • AT&T
    • FUZZY.AI
    • YOTTAMINE ANALYTICS, LLC
    • ERSATZ LABS, INC.
    • SIFT SCIENCE, INC.
  • APPENDIX
    • INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • RELATED REPORTS

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