PUBLISHER: The Business Research Company | PRODUCT CODE: 1693205
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693205
Machine learning as a service (MLaaS) is a cloud-based system that offers users access to tools and resources for developing, deploying, and managing machine learning (ML) models. It enables individuals and organizations to leverage ML capabilities without needing extensive expertise in algorithms, programming, or infrastructure.
The key components of MLaaS are software tools and services. Software tools are cloud-based platforms that provide ML tools and services to support the daily work of data scientists and data engineers. MLaaS is used by organizations of all sizes, including small and medium enterprises (SMEs) and large enterprises. It is employed in various applications such as marketing and advertisement, predictive maintenance, automated network management, fraud detection, risk management, sentiment analysis, and more. MLaaS finds application in industries such as banking, financial services and insurance (BFSI), information technology and telecom, automotive, healthcare, aerospace & defense, retail, government, and others.
The machine learning as a service (MLaaS) market research report is one of a series of new reports from The Business Research Company that provides machine learning as a service (MLaaS) market statistics, including machine learning as a service (MLaaS) industry global market size, regional shares, competitors with machine learning as a service (MLaaS) market share, detailed machine learning as a service (MLaaS) market segments, market trends, and opportunities, and any further data you may need to thrive in the machine learning as a service (MLaaS) industry. This machine learning as a service (MLaaS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The machine learning as a service (MLaaS) market size has grown exponentially in recent years. It will grow from $57.88 billion in 2024 to $79.23 billion in 2025 at a compound annual growth rate (CAGR) of 36.9%. The growth in the historic period can be attributed to big data growth, increased adoption of machine learning, advancements in deep learning, rise of data science and AI, and increased awareness of predictive analytics.
The machine learning as a service (MLaaS) market size is expected to see exponential growth in the next few years. It will grow to $278.65 billion in 2029 at a compound annual growth rate (CAGR) of 36.9%. The growth in the forecast period can be attributed to increasing industry-specific solutions, rise of explainable ai, expansion of autonomous systems, hybrid cloud deployments, and enhanced security and privacy features. Major trends in the forecast period include vertical-specific machine learning platforms, AI-enhanced automation, democratization of machine learning, collaborative machine learning, and continuous learning systems.
The increasing integration of cloud technologies is expected to drive the growth of the machine learning as a service (MLaaS) market in the future. Cloud technology integration involves connecting various cloud-based systems into a cohesive whole or linking cloud-based systems with on-premises systems. Cloud technologies leverage MLaaS to provide users with accessible, scalable, and cost-effective machine learning capabilities. This enables users to utilize pre-trained models and tools for various applications without requiring extensive expertise in machine learning or infrastructure management. For example, in December 2023, Eurostat reported that 42.5% of EU enterprises purchased cloud computing services, primarily for email, file storage, and office software, marking a 4.2 percentage point increase from 2021. Additionally, data from Augusta Free Press in December 2022 indicated that global digital transformation spending reached approximately $1.85 trillion, a 16% increase from the previous year. Consequently, the increasing integration of cloud technologies is propelling the growth of the MLaaS market.
Major companies in the machine learning as a service (MLaaS) market are innovating by offering services such as Kubeflow as a service to democratize AI development. Kubeflow-as-a-Service (KFaaS) is a managed environment that enables users to utilize Kubeflow's capabilities for machine learning (ML) projects without managing the underlying infrastructure. For example, in February 2023, Civo, a UK-based web hosting company, introduced Kubeflow as a service. With a fully managed development environmentsuch as Civo KFaaS, users can access the service provider's compute capabilities without dealing with infrastructure management. KFaaS streamlines ML project workflows by integrating with popular ML tools and platforms such as TensorFlow, PyTorch, RStudio, Visual Studio Code, and Jupyter notebooks.
In March 2024, Cisco Systems, Inc., a U.S.-based technology company, acquired Splunk Inc. for around $28 billion. This acquisition strengthens Cisco's data analytics and cybersecurity capabilities, enhancing its ability to provide real-time network visibility and threat detection. By integrating Splunk's expertise, Cisco aims to advance its cybersecurity solutions, solidify its market position, and offer customers powerful tools for data management and analysis. Splunk Inc., also based in the U.S., specializes in software that utilizes machine learning for data analytics.
Major companies operating in the machine learning as a service (MLaaS) market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Meta Platforms Inc., Intel Corporation, International Business Machines Corporation, Oracle Corporation, Mitsubishi Electric Corporation, SAP SE, Hewlett Packard Enterprise Company, NVIDIA Corporation, Tata Consultancy Services Limited, Infosys Limited, Wipro Ltd., Fair Isaac Corporation, Databricks Inc., TIBCO Software Inc., Cyient Ltd., Dataiku Ltd., H2O.ai Inc., Iflowsoft Solutions Inc., BigML Inc., AscentCore, MonkeyLearn Inc., Sift Science Inc., Yottamine Analytics LLC
North America was the largest region in the machine learning as a service (MLaaS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine learning as a service (mlaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the machine learning as a service (mlaas) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The machine learning as a service (MLaaS) market includes revenues earned by entities by providing services such as predictive analytics, natural language processing, image and video recognition, speech recognition, recommendation systems, and anomaly detection services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The machine learning as a service (MLaaS) market consists of sales of central processing units (CPUs), graphic processing units (GPUs), and field-programmable gate arrays (FPGAs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Machine Learning As A Service (MLaaS) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on machine learning as a service (mlaas) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for machine learning as a service (mlaas) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The machine learning as a service (mlaas) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.