Industrial, Manufacturing & Heavy Industry Market News

Machine learning as a service in manufacturing market illuminated by new report

Industrial Market Research

Machine learning has become a disruptive trend in the technology industry with computers learning to accomplish tasks without being explicitly programmed. Machine learning is well aligned to deal with the complexities of the manufacturing industry.

Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% during the forecast period 2017–2023.    The market is propelled by certain growth drivers such as the increased application of advanced analytics in manufacturing, high volume of structured and unstructured data, the integration of machine learning with big data and other technologies, the rising importance of predictive and preventive maintenance, and so on.  

The market growth is curbed to a certain extent by restraining factors such as implementation challenges, the dearth of skilled data scientists, and data inaccessibility and security concerns to name a few.…" height="360" /> Make an Inquiry about this news   Segmentation by Components The market has been analyzed and segmented by the following components - Software Tools, Cloud and Web-based Application Programming Interface (APIs), and Others.