Market Executive Summary

The global MLaaS Platform market was valued at US$ 2364.5 million in 2023 and is anticipated to reach US$ 8504.2 million by 2030, witnessing a CAGR of 19.5% during the forecast period 2024-2030.

Machine Learning as a Service (MLaaS) is machine learning technology that is conscripted from another business. This is similar to SaaS (Software as a Service) or PaaS (Platform as a Service), meaning you use the services of a company, rather than wholly create your own.

Using MLaaS means the computation is handled outside of your company – you pay for the machine learning services you need, and data storage may be handled on your personal servers or in the cloud (usually offered with MLaaS providers).

MLaaS software can be used to automatically analyze online product reviews and respond to customers, streamline processes by automating tasks like ticket routing, and even power self-driving cars.

The major global companies of  MLaaS Platform include MonkeyLearn, BigML, TensorFlow, IBM Watson, Apache Mahout, Azure and Google Cloud ML, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for MLaaS Platform, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding MLaaS Platform.

Report Scope

The MLaaS Platform market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global MLaaS Platform market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. 

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the MLaaS Platform companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Global MLaaS Platform Companies Covered

MonkeyLearn, BigML, TensorFlow, IBM Watson, Apache Mahout, Azure, Google Cloud ML

Global MLaaS Platform Market, Segment by Type

Natural Language Processing (NLP)

Image and Video Analysis

Computer Vision

Global MLaaS Platform Market, Segment by Application

Retail

Aviation

Finance

IT

Medical Health Care

Government

Others

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of MLaaS Platform companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.