How big is the Machine Learning As A Service Market?

The Machine Learning As A Service Market size is expected to reach USD 33.75 billion in 2024 and grow at a CAGR of 35.58% to reach USD 154.59 billion by 2029. Read More

What is the current Machine Learning As A Service Market size?

In 2024, the Machine Learning As A Service Market size is expected to reach USD 33.75 billion. Read More

Who are the key players in Machine Learning As A Service Market?

Microsoft Corporation, IBM Corporation, SAS Institute Inc., Fair Isaac Corporation (FICO) and Google LLC (Alphabet Inc.) are the major companies operating in the Machine Learning As A Service Market. Read More

Which is the fastest growing region in Machine Learning As A Service Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Machine Learning As A Service Market?

In 2024, the North America accounts for the largest market share in Machine Learning As A Service Market. Read More

What years does this Machine Learning As A Service Market cover, and what was the market size in 2023?

In 2023, the Machine Learning As A Service Market size was estimated at USD 21.74 billion. The report covers the Machine Learning As A Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Machine Learning As A Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Machine Learning As A Service (MLaaS) Market Share

Statistics for the 2023 & 2024 Machine Learning As A Service (MLaaS) market share, created by Mordor Intelligence™ Industry Reports. Machine Learning As A Service (MLaaS) share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Machine Learning As A Service (MLaaS) Industry

The MLaaS market is highly fragmented, with the presence of major players like Microsoft Corporation, IBM Corporation, Google LLC (Alphabet Inc.), SAS Institute Inc., and Fair Isaac Corporation (FICO). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

May 2024 - Wipro, a prominent technology services and consulting firm, partnered with Microsoft to launch a trio of cognitive assistants tailored for the financial sector. It includes Wipro GenAI Investor Intelligence, Wipro GenAI Investor Onboarding, and Wipro GenAI Loan Origination. The cognitive assistants leveraging Azure OpenAI are designed to merge with current digital and mobile platforms seamlessly. This integration offers a unified and user-friendly information hub for financial professionals and their clientele.
March 2024 - Hewlett Packard Enterprise unveiled an expansion of its AIOps network management capabilities. This enhancement involves the integration of multiple Generative AI (GenAI) Large Language Models (LLMs) into HPE Aruba Networking Central. This cloud-native network management solution is part of HPE's offerings on the HPE GreenLake Cloud Platform. These enhancements primarily aim to elevate user experience and operational efficiency, with a specific emphasis on search response times, accuracy, and data privacy.