Asia Pacific to Drive Global Machine Learning as a Service Market to Reach US$ 19,866.4 Mn by 2025: Transparency Market Research

As per a new market research report published by Transparency Market Research titled “Machine Learning as a Service Market [(By Deployment Type– Public Cloud and Private Cloud; By End Use Application – Manufacturing, Retail, Healthcare & Life Sciences, Telecom, BFSI and Others (Energy & Utilities, Education, Government etc.)] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025,” the global machine learning as a service market stood at US$ 1,071.6 Mn in 2016. The study projects the global machine learning as a service market to expand at a CAGR of 38.4% during the period from 2017 to 2025 to reach US$ 19,866.4 Mn by 2025.

Browse the full report at http://www.transparencymarketresearch.com/machine-learning-as-a-service-market.html

The global machine learning as a service market, by geography, has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. In the global machine learning as a service market, North America dominates the market in terms of revenue owing to the growing need for rapid integration of machine learning as a service with big data, Internet of Things (IoT), and other advanced technologies. Within North America, the U.S. and Canada are anticipated to drive the growth of machine learning as a service market. The region is also a center for major service providers offering machine learning as a service including Google Inc., IBM Inc., Microsoft Corporation, Amazon Web Services Inc. and many others.

In the global machine learning as a service market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared with other regions. Within Asia Pacific, healthcare and life sciences end use application segment is projected to contribute the larger share of revenue due to the high rate of adoption of advanced analytics technology in this segment compared to other segment. Furthermore, Asia Pacific countries, in particularly Australia, China and India are prominently driving the growth in the region owing to the rapid technology developments in these regions.

Machine learning as a service market in the Europe region is anticipated to witness relatively slower market growth during the forecast period from 2017 to 2025 owing to the implementation of general data protection regulation from 2018. However, across Europe countries including Germany, France and the U.K are anticipated to drive the growth of machine learning as a service market.

As compared to North America and Europe, machine learning as a service market in the South America region is anticipated to witness relatively higher market growth. Countries including Brazil and Argentina among other countries are projected to witness high growth. Brazil, in South America dominated the machine learning as a service market in 2016, with majority share of revenue and is expected to continue its dominance over the forecast period from 2017 to 2025. However, Argentina, is forecast to emerge as highest growth contributor among all other countries in South America.

Machine learning as a service market in Middle East and Africa occupies a relatively smaller pie of the global machine learning as a service market. However, Middle East and South Africa is expected to register significantly healthy growth, with rate relatively closer to that of the South America region. Within Middle East and Africa counties including UAE, South Africa and Saudi are driving the growth. The growing demand for machine learning services is owing to growing cloud platform adoption in Saudi Arabia.

Key players profiled in the global machine learning as a service market include IBM Corporation, Google Inc., Amazon Web Services, Microsoft Corporation, BigMl Inc., FICO, Yottamine Analytics, Ersatz Labs Inc, Predictron Labs Ltd and H2O.ai. Other players include ForecastThis Inc., Hewlett Packard Enterprise, Datoin, Fuzzy.ai, Sift Science, Inc. among others.

The global machine learning as a service market is segmented as below:

Global Machine Learning as a Service Market, By Deployment Type

  • Public Cloud

  • Private Cloud/Virtual Private Cloud (VPC)

  • Global Machine Learning as a Service Market, By End Use Application

  • Manufacturing

  • Retail

  • Healthcare & Life Sciences

  • Telecom

  • BFSI

  • Others (Energy & Utilities, Education, Government, etc.)

Global Machine Learning as a Service Market, By Geography

  • North America

  • The U.S.

  • Canada

  • Rest of North America

  • Europe

  • Germany

  • France

  • The U.K

  • Rest of Europe

  • Asia Pacific (APAC)

  • India

  • Japan

  • China

  • Australia

  • Rest of APAC

  • Middle East and Africa (MEA)

  • UAE

  • Saudi Arabia

  • South Africa

  • Rest of MEA

  • South America

  • Brazil

  • Argentina

  • Rest of South America

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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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