Machine Learning as a Service Market - Top Companies and Manufacturers

Companies Dominating the Machine Learning as a Service Market

The machine learning as a service (MLaaS) market is driven by a mix of global cloud service providers, AI-focused companies, and specialized startups. These players offer tools, platforms, and services to make machine learning accessible, scalable, and cost-effective for organizations of all sizes.

Here are some key players in the machine learning as a service market:

Google Inc.
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SAS Institute Inc.
Fico
Hewlett Packard Enterprise
Yottamine Analytics
Amazon Web Services Inc.
Bigml, Inc.
Microsoft Corporation
Predictron Labs Ltd
IBM Corporation

Browse Key Market Insights with Data Illustration:

Machine Learning as a Service Market Size | Forecast Report 2037

In the News

In July 2023, Amazon Web Services, Inc. (AWS), an Amazon.com company, announced AWS HealthScribe at AWS Summit New York, a new HIPAA-compliant service that enables healthcare software providers to create clinical applications that use speech recognition and generative AI to save clinicians time by generating clinical documentation. With AWS HealthScribe, healthcare software vendors may utilize a single API to automatically build strong transcripts, extract critical facts (e.g., medical words and drugs), and construct summaries from doctor-patient interactions, which can then be loaded into an EHR system.
In May 2023, the U.S. National Science Foundation (NSF), in partnership with higher education institutions, other federal agencies, and other stakeholders, announced an investment of USD 140 million to build seven new National Artificial Intelligence Research Institutes (AI).

Frequently Asked Questions (FAQ)

The global machine learning as a service market registered a valuation of USD 43.8 billion in 2024 and is poised to expand at a CAGR of 38.5% during the forecast period, i.e., 2025-2037.

The global machine learning as a service sector registered a profitable valuation of USD 43.8 billion in 2024 and is poised to register USD 3024 billion in 2037 expanding at a CAGR of 38.5% during the forecast period, i.e., 2025-2037.

The major players in the market are Amazon Web Services Inc., Bigml, Inc., Microsoft Corporation, Predictron Labs Ltd, IBM Corporation, and others.

By component, the solution segment is poised to register the largest revenue share of 66.6% by 2037. By addressing scalability, cost, and usability challenges, the solution segment is a cornerstone for accelerating MLaaS adoption across industries, driving innovation and business transformation.

North America is poised to register the largest revenue share of 42.2% by the end of 2037. The region’s strong technological infrastructure, high adoption rates of advanced technologies, and robust cloud computing market make it a leader in this space.

Machine Learning as a Service Market - Top Companies and Manufacturers

Companies Dominating the Machine Learning as a Service Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the machine learning as a service market?

What is the outlook for the machine learning as a service market?

Who are the major players dominating the machine learning as a service market?

Which component segment will capture the significant market share for the machine learning as a service sector by 2037?

Which region will provide more business opportunities for the growth of the machine learning as a service market in the future?