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Machine Learning as a Service (MLaaS) market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Machine Learning as a Service (MLaaS) market by region.

Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% during the forecast period 2017-2023.

Machine Learning as a Service in Manufacturing Market Global Drivers Restraints Opportunities Trends and Forecasts up to 2023

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Market OverviewMachine learning has become a disruptive trend in the technology industry with computers learning to accomplish tasks without being explicitly programmed. The manufacturing industry is relatively new to the concept of machine learning. Machine learning is well aligned to deal with the complexities of the manufacturing industry. Manufacturers can improve their product quality ensure supply chain efficiency reduce time to market fulfil reliability standards and thus enhance their customer base through the application of machine learning.

Machine learning algorithms offer predictive insights at every stage of the production which can ensure efficiency and accuracy. Problems that earlier took months to be addressed are now being resolved quickly. The predictive failure of equipment is the biggest use case of machine learning in manufacturing. The predictions can be utilized to create predictive maintenance to be done by the service technicians. Certain algorithms can even predict the type of failure that may occur so that correct replacement parts and tools can be brought by the technician for the job.

Market AnalysisAccording to Reportocean Research 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.

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Segmentation by ComponentsThe market has been analyzed and segmented by the following components Software Tools Cloud and Web-based Application Programming Interface (APIs) and Others.

Segmentation by End-usersThe market has been analyzed and segmented by the following end-users namely process industries and discrete industries. The application of machine learning is much higher in discrete than in process industries.?

Segmentation by Deployment ModeThe market has been analyzed and segmented by the following deployment mode namely public and private.

Regional AnalysisThe 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. Chinas 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.

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Vendor AnalysisSome 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.

BenefitsThe study covers and analyzes the Global MLaaS Market in the manufacturing context. Bringing out the complete key insights of the industry the report aims to provide an opportunity for players to understand the latest trends current market scenario government initiatives and technologies related to the market. In addition it helps the venture capitalists in understanding the companies better and take informed decisions.> The report covers drivers restraints and opportunities (DRO) affecting the market growth during the forecast period (2017-2023).> It also contains an analysis of vendor profiles which include financial health business units key business priorities SWOT strategy and views.> The report covers competitive landscape which includes M&A joint ventures and collaborations and competitor comparison analysis.> In the vendor profile section for the companies that are privately held financial information and revenue of segments will be limited.

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Region/Country Cover in the Report

Regions -Americas Europe APAC and MEA

Key Players Covered in the Report

Microsoft Amazon Web Services Google Inc. and IBM Corporation

This report covers aspects of the regional analysis market.The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.This report analyzes current and future market trends by region, providing information on product usage and consumption.Reports on the market include the growth rate of every region, based on their countries over the forecast period.

What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.The report provides an overview of major vendors in the market, including key players.Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.This report includes a comparison of market competitors and a discussion of the standpoints of the major players.Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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What are the key findings of the report?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.The report offers the current state of the market and future prospects for various geographical regions.This report provides both qualitative and quantitative information about the competitive landscape of the market.Combined with Porters Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% 2021: Global Industry Insights by Global Players, Regional Segmentation,...