Dublin, Nov. 01, 2017 (GLOBE NEWSWIRE) -- The "Machine Learning as a Service Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023" report has been added to Research and Markets' offering.
Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% during the forecast period 2017-2023
The market is propelled by certain growth drivers such as the increased application of advanced analytics in manufacturing, high volume of structured and unstructured data, the integration of machine learning with big data and other technologies, the rising importance of predictive and preventive maintenance, and so on. The market growth is curbed to a certain extent by restraining factors such as implementation challenges, the dearth of skilled data scientists, and data inaccessibility and security concerns to name a few. The market has been analyzed by the following regions as Americas, Europe, APAC, and MEA. The Americas holds the largest market share followed by Europe and APAC. The Americas is experiencing a high adoption rate of machine learning in manufacturing processes. The demand for enterprise mobility and cloud-based solutions is high in the Americas. The manufacturing sector is a major contributor to the GDP of the European countries and is witnessing AI driven transformation. China's dominant manufacturing industry is extensively applying machine learning techniques. China, India, Japan, and South Korea are investing significantly on AI and machine learning. MEA is also following a high growth trajectory. Some of the key players in the market are Microsoft, Amazon Web Services, Google, Inc., and IBM Corporation. The report also includes watchlist companies such as BigML Inc., Sight Machine, Eigen Innovations Inc., Seldon Technologies Ltd., and Citrine Informatics Inc.
Market Dynamics
Drivers
- Rising Importance of Predictive and Preventive Maintenance
- Increased Adoption of Advanced Analytics in Manufacturing
- Integration of Machine Learning with Big Data and Other Technologies
- High Volume of Structured and Unstructured Data
Restraints
- Implementation Challenges
- Rigid Business Models
- Dearth of Skilled Data Scientists
- Affordability of Organizations
- Data Security Concerns and Data Inaccessibility
Opportunities
- Untapped Manufacturing Data
- Digitization Wave in Manufacturing
- Increasing Complexities in Manufacturing Processes
Key Topics Covered:
1 Industry Outlook 2 Report Outline 3 Market Snapshot 4 Market Outlook 5 Market Characteristics 6 Trends, Roadmap and Projects 7 Geographic Segmentation: Market Size & Analysis 8 Global Generalist 9 Companies to Watch for
Companies Mentioned
- Amazon Web Services (Subsidiary of Amazon.com, Inc.)
- BigML, Inc.
- Citrine Informatics Inc.
- Eigen Innovations Inc.
- Google Inc. (Parent company- Alphabet Inc.)
- IBM Corporation
- Microsoft Corporation
- Seldon Technologies Ltd.
- Sight Machine
For more information about this report visit https://www.researchandmarkets.com/research/t...e_learning
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