Emerging Technologies, Historical Analysis, Global Opportunities, Competitive Landscape and Industry Segments Poised For Strong Growth In Future 2022,
In this rapidly changing environment, need for understanding customer behavior is ever increasing. This is driving the machine learning as a service market. The increasing adoption of internet of things (IoT) and big data responsible to drive the Machine learning as a service (MLaaS) market.
Observing the current trend and advancements in technologies the study indicates a sudden hike in Machine Learning as a Service (Mlaas) Market. The Machine learning as a service (MLaaS) market is driven by many factors such as adoption of cloud-based technologies, innovations in automation technologies and others. By adoption of machine learning as a service there is no need to download or install any software. The major challenge of machine learning as a service is lack of historical data, this would be one of the major restraining factor for machine learning as a service (MLaaS) market.
The Machine learning as a service (MLaaS) Market is growing rapidly over 40% of CAGR and is expected to reach at USD ~4630 Billion by the end of forecast period.