DUBLIN--(BUSINESS WIRE)--The "Global Machine Learning-as-a-Service (MLaaS) Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Global Machine Learning-as-a-Service (MLaaS) Market: About this market
The machine learning-as-a-service (MLaaS) market analysis considers sales from segments including BFSI, retail, telecommunications, healthcare, manufacturing, and other end-users. Our analysis also considers the sales of MLaaS in APAC, Europe, North America, South America, and MEA.
In 2018, the BFSI segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing investments of BFSI companies in MLaaS to reduce costs and improve risk management will play a significant role in the BFSI segment to maintain its market position.
Also, the global MLaaS market report looks at factors such as increased adoption of cloud-based offerings, increasing the use of ML in customer experience management, and ML in predictive analytics. However, the shortage of skilled personnel, data privacy issues and regulations, and data integration issues may hamper the growth of the MLaaS industry over the forecast period.
Global Machine Learning-as-a-Service (MLaaS) Market: Overview
Increasing use of machine language in customer experience management
Several enterprises are focusing on customer experience management to maintain a complete and robust relationship with their customers by using customer data. Therefore, machine language (ML) needs to be integrated into enterprise applications to control and make optimal use of this data. This will open new opportunities for revenue growth of enterprises and lead to the expansion of the global MLaaS market at a CAGR of over 38% during the forecast period.
Increasing technology investments in the retail industry
Retail companies are shifting their focus to customer buying patterns with the growing number of e-commerce websites and the digital revolution in the retail sector. This drives the need to manage and track the inventory movement of items, which can be done using MLaaS. The use of MLaaS by retail companies for inventory optimization and behavioral tracking is expected to have a positive impact on the overall market growth.
With the presence of a few major players, the global MLaaS market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading MLaaS manufacturers, that include Google LLC, Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., and SAS Institute Inc.
Also, the MLaaS market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- BFSI - Market size and forecast 2018-2023
- Retail - Market size and forecast 2018-2023
- Telecommunications - Market size and forecast 2018-2023
- Healthcare - Market size and forecast 2018-2023
- Manufacturing - Market size and forecast 2018-2023
- Other end-users - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Application of ML to IoT data
- Increasing technology investments in retail industry
- Growing number of acquisitions and partnerships
PART 11: VENDOR LANDSCAPE
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Google LLC
- Hewlett Packard Enterprise Development LP
- IBM Corp.
- Microsoft Corp.
SAS Institute Inc.
For more information about this report visit https://www.researchandmarkets.com/r/f8vuvf