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Research report explores the machine learning as a service (MlaaS) market to reach USD 8.315 billion, by 2023

IT Market Research

Global Machine Learning as a Service (MlaaS) Market - Segmented by Application (Advertising and Marketing, Predictive Maintenance, Automated Network Management), Organization Size (SMB, Large Enterprises) End-User, and Region - Growth, Trends and Forecasts (2018 - 2023)


The Global Machine Learning as a Service (MlaaS) Market is expected to register a CAGR of about 43.46% during 2018-2023 (the forecast period), to reach a value of USD 8.315 billion, by 2023, from USD 0.932 billion, as of 2017. The scope of this report is limited to the solutions that are offered by the major market players including service providers.

The regions, considered in the scope of this report, include North America, Europe, and ‘others’. The study highlights the various applications of machine learning, such as predictive maintenance, risk analytics, and fraud detection, among various others.