Machine learning as a service market grow at a CAGR of 43.7% to reach USD 3755.0 million by 2021

Machine Learning as a Service (MLaaS) Market by Component (Software Tools, Services), Organization Size, Application (Marketing, Risk Analytics & Fraud Detection, Predictive Maintenance, Network Analytics), Service and Region – Global Forecast to 2021 – Advertising – – Agency – The MLaaS market size is estimated to grow from USD 613.4 million in 2016 to USD 3,755.0 million by 2021, at a Compound Annual Growth Rate (CAGR) of 43.7% from 2016 to 2021.The adoption of cloud-based technologies, strong need to understand customer behavior, and advancements in technologies are increasing the adoption of MLaaS across end users. MLaaS with the help of pattern recognition, advanced analytical methodologies, and APIs is able to make better decisions. With the use of machine learning algorithm, decision-making abilities improve over time without being explicitly programmed. However,…


Link to Full Article: Machine learning as a service market grow at a CAGR of 43.7% to reach USD 3755.0 million by 2021

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!