Global Machine Learning as a Service (MLaaS) Market is projected to grow up to USD 2,802.8 million by 2027 growing at a CAGR of 44% during the forecasting period 2021-2027.

Machine learning as-a-service refers to several types of services which provide machine learning capabilities as a part of cloud-computing services. Machine learning as-a-service helps its customers to obtain advantage from machine learning without extra cost, risk and time for making an in-house internal machine learning team. MLaaS provides several advantages such as model evaluation, data pre-processing, model training and predications. Several service providers offer predictive analytics, API, deep learning, natural language processing, data visualization, etc. The key advantage which MLaaS provides to businesses is that it allows them to get started rapidly with machine learning without going through a tedious software installation process. Companies can stimulate their product abilities and offerings, enhance frequent business operation efficiency, make better interaction with consumers and use AI prediction capabilities.


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The Machine Learning as a Service (MLaaS) Market report has been categorized as below
By Component
● Software
● Services
By Organization Size
● Large Enterprises
● Small & Medium Enterprises
By Application
● Marketing & Advertising
● Fraud Detection & Risk Management
● Predictive analytics
● Augmented & Virtual reality
● Natural Language processing
● Computer vision
● Security & surveillance
● Others
By End User
● Aerospace & Defense
● IT & Telecom
● Energy & Utilities
● Public sector
● Manufacturing
● BFSI
● Healthcare
● Retail & Ecommerce
● Others
By Region
● North America
● Europe
● Asia Pacific
● Rest of World
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