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43% CAGR - MLaaS (Machine Learning as a Service) Market Growth Potentially Worth $3755 Million by 2021 Led by Healthcare Industry

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PUNE, India, Nov. 3, 2016 /PRNewswire-iReach/ -- The need to enhance the decision-making capability of machines is driving the Machine Learning as a service (MLaaS) market. 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, the lack of skilled consultants to deploy machine learning services and government and compliance issues are limiting the growth of MLaaS solutions in the market. Healthcare industry among all the verticals is expected to gain the maximum traction during the forecast period.


Global Machine Learning as a Service (MlaaS) Market boosting the growth Worldwide: Market dynamics and trends, efficiencies Forecast 2024 - Market Research Posts

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Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.


Machine Learning as a Service to Reach $3.7B by 2021

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The Machine Learning as a Service (MLaaS) market size is estimated to grow from $613.4 million USD in 2016 to $3.7 billion USD by 2021, according to the company Research and Markets. 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. The professional services segment is the largest contributor, whereas the managed services segment is expected to grow at the highest CAGR. Professional services include consulting and integration, support and maintenance, and network security services and analytics, which are increasing the growth and awareness of MLaaS as the biggest use case of NFV technology.


New Report of Global Machine Learning as a Service (MlaaS) Market Overview, Manufacturing Cost Structure Analysis, Growth Opportunities – Crypto Daily

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Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.


Battle for Machine Learning Dominance Intensifies. Is it Worth the Cost? -- MarTechSeries

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The world's largest tech companies are making massive Artifical Intelligence and Machine learning investments. They are electrifying all solutions and applications with machine learning technology. In 2016, Eric Schmidt, Chairman of Google's parent company Alphabet, predicted: "machine learning would be the basis for every major IPO within five years". Closer to this prediction, machine learning has become the basis of most of the acquisitions in the tech industry. The Transparency Market Research (TMR) report observes that the global machine learning as a service(MLaaS) industry is highly competitive in nature.