Machine Learning as a Service Market to Grow at Colossal CAGR to 2023, Expects Infoholic Research in New Report Recently Published at MarketPublishers
24 Nov 2017 • by Natalie Aster
LONDON – In the wake of increasing adoption of advanced analytics in the manufacturing sector, escalating importance of predictive and preventive maintenance, huge amount of structured and unstructured data, and continued integration of machine learning with big data and other technologies, the world’s market for machine learning as a service (MLaaS) is predicted to follow an upward trajectory at a swift pace. It is poised to register colossal growth at an impressive CAGR of 49% from 2017 till 2023.
However, the global MLaaS market growth can be considerably restrained by such factors as shortage of high-skilled data scientists, challenges associated with the implementation, certain security troubles, and data inaccessibility, to name only a few.
Regionally, the Americas, closely followed by Europe and APAC, grab the lion’s market share owing to enhanced adoption of machine learning in manufacturing processes as well as surging demand for enterprise mobility and cloud-based solutions in the region.
In-demand publication issued by Infoholic Research, titled “Machine Learning as a Service Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023”, provides a detailed coverage and analysis of the world’s MLaaS market with a focus on the manufacturing application sector. The report offers an all-around overview of the market trends, offers in-depth insights into the market dynamics, examines the market growth limiting and encouraging factors, covers the emerging opportunities and challenges, describes the current market scenario, highlights the main government initiatives, reviews the recent and emerging technologies, sheds light on the market competitive situation, profiles the main market vendors (with relevant data on financial performance, business units, key business priorities, SWOT, strategies, etc). Moreover, this report offers a comprehensive future outlook for the market up to 2023.
Many more reports drawn up by Infoholic Research are provided at its online page at MarketPublishers.com.