Machine Learning as a Service Market is expected to grow at a CAGR of 17.8% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.
Machine learning as a service market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario.
The major players dealing in machine learning as a service market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in December 2019 introduced five new artificial intelligence (AI) services to revive the day to day enterprise task. Newly launched services are based on the AI that enables developers to create better end user experience.
Google (A subsidiary Alphabet,Inc.) is the dominating player in machine learning as a service market. The other key players existing in the market includes Microsoft, SAP SE, IBM Corporation, and Amazon Web Services, Inc.
Google (A Subsdiary Alphabet,Inc.)
Google (A Subsidiary Alphabet,Inc.) is headquartered in California, U.S. which was incorporated in 1998 The company performs its solutions segments such as Google, Other Bets. The company engaged in providing internet based product and services including Android, Chrome, Gmail, Google Drive, Google Maps, Search, and YouTube among others.
The company has wide global presence in North America, Latin America, Europe, Asia-Pacific, Africa and Middle East .In addition to it, the company also generates its revenue from the various subsidiary companies such as YouTube (U.S.), DoubleClick (U.S.), Google Nest (California), Ad Mob (California), Google Japan (Japan), Google China (China) among others.
Microsoft is headquartered Washington, U.S. and it was founded in 1975. The company offers innovative automotive solutions for more personal computing, productivity and business processes, intelligent cloud. The company is engaged in manufacturing, developing and providing licenses and support software, services, devices and solutions. Microsoft provides wide range of products and such as AI + Machine learning, analytics, block chain, internet of things, management, media and others and Solutions includes SAZ Azure, modern data warehouse, big data analytics among others.
The company has presence in North America, Europe, Asia-Pacific, Middle East and Africa, Latin America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Yammer (U.S.), LinkedIn (U.S.), Microsoft Store (U.S.), Skype Communications S.a r.l. (U.S.), GitHub Inc. (U.S.), among others.
SAP SE Limited is headquartered in Walldorf, Germany and it was founded in 1972. The company is engaged in providing enterprise application software, database, analytics, intelligent technologies, and experience management. The company operates in different product categories such as ERP and digital core, CRM and customer experience, digital supply chain, network and spends management, HR and people engagement, database and data management, analytics, application development and integration.
The company has presence in Asia-Pacific, Europe, Middle East & Africa, South America, and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as SAP SuccessFactors (U.S.), Qualtrics (U.S.), SAP Concur (U.S), SAP Ariba (U.S.), SAP Japan Co., Ltd. (Japan) among others
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Spain Machine Learning as a Service Market – Industry Trends and Forecast to 2027