Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Marcel Mikaelson
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Machine Learning as a Service (MLaaS) Market Growth, Share, Size, Demand and Forecast 2023-2028

% of readers think this story is Fact. Add your two cents.


According to the latest report by IMARC Group, titled, “Machine Learning as a Service (MLaaS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global machine learning as a service (MLaaS) market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.0 Billion by 2028, exhibiting a growth rate (CAGR) of 31.2%during 2023-2028.

Machine learning as a service (MLaaS) refers to a collection of cloud-based platforms that relies on machine learning (ML) tools to deliver solutions. It assists in performing data visualization, application programming interface (APIs), processing natural language, recognizing face and speech, predictive analysis, chatbots, data preprocessing, and deep learning. It enables service providers to host the ML tools for allowing users to access them from numerous devices. It eliminates the requirement of having a specialized and expensive ML infrastructure and makes the ML technology more scalable, approachable, and cost-effective. It automates various tasks and increases the efficiency of several operations that involve manual labor. It helps companies with innovative predictive analysis for numerous use cases. MLaaS also aids businesses in enhancing their customer support services by interacting with targeted clients effectively. It streamlines various ML lifecycle processes, such as data cleaning and preparation, data transformation, and model version control. It allows developers to improve various projects by accessing prebuilt setups and algorithms. It offers data scientists the framework to start with ML without the hassle of software installation and server configuration. It finds applications in small and medium-sized enterprises (SMEs) to reduce expenses by paying only for the hardware.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/machine-learning-as-a-service-market/requestsample

Machine Learning as a Service (MLaaS) Market Trends and Drivers:

At present, the rising demand for MLaaS among businesses to automate tasks and reduce infrastructure and server maintenance costs represents one of the primary factors influencing the market positively. Besides this, the increasing cloud computing activities to delegate regular tasks, enhance flexibility and productivity, and strengthen the data security system is propelling the growth of the market. In addition, the rising implementation of advanced data protection strategies in various companies due to the growing number of malicious attacks by hackers to steal confidential information is offering a favorable market outlook. Apart from this, the escalating demand for analytical solutions among large enterprises to get a clear and practical view of business requirements, make better decisions, and increase profits is contributing to the growth of the market. Additionally, the increasing adoption of MLaaS by data engineers to access, analyze, and manage data and create scalable solutions is supporting the growth of the market. Moreover, the rising utilization of MLaaS in the healthcare industry to maintain patient records, conduct better diagnoses, and analyze medical imaging is strengthening the growth of the market. Furthermore, the increasing demand for the internet of things (IoT) in organizations to manage various devices safely and gain beneficial information from caches of data generated by devices is bolstering the growth of the market.

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.

Machine Learning as a Service (MLaaS) Market 2023-2028 Competitive Analysis and Segmentation:

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

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/machine-learning-as-a-service-market

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.

Contact us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Humic & Fulvic Liquid Trace Mineral Complex

HerbAnomic’s Humic and Fulvic Liquid Trace Mineral Complex is a revolutionary New Humic and Fulvic Acid Complex designed to support your body at the cellular level. Our product has been thoroughly tested by an ISO/IEC Certified Lab for toxins and Heavy metals as well as for trace mineral content. We KNOW we have NO lead, arsenic, mercury, aluminum etc. in our Formula. This Humic & Fulvic Liquid Trace Mineral complex has high trace levels of naturally occurring Humic and Fulvic Acids as well as high trace levels of Zinc, Iron, Magnesium, Molybdenum, Potassium and more. There is a wide range of up to 70 trace minerals which occur naturally in our Complex at varying levels. We Choose to list the 8 substances which occur in higher trace levels on our supplement panel. We don’t claim a high number of minerals as other Humic and Fulvic Supplements do and leave you to guess which elements you’ll be getting. Order Your Humic Fulvic for Your Family by Clicking on this Link , or the Banner Below.



Our Formula is an exceptional value compared to other Humic Fulvic Minerals because...


It’s OXYGENATED

It Always Tests at 9.5+ pH

Preservative and Chemical Free

Allergen Free

Comes From a Pure, Unpolluted, Organic Source

Is an Excellent Source for Trace Minerals

Is From Whole, Prehisoric Plant Based Origin Material With Ionic Minerals and Constituents

Highly Conductive/Full of Extra Electrons

Is a Full Spectrum Complex


Our Humic and Fulvic Liquid Trace Mineral Complex has Minerals, Amino Acids, Poly Electrolytes, Phytochemicals, Polyphenols, Bioflavonoids and Trace Vitamins included with the Humic and Fulvic Acid. Our Source material is high in these constituents, where other manufacturers use inferior materials.


Try Our Humic and Fulvic Liquid Trace Mineral Complex today. Order Yours Today by Following This Link.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.