Machine Learning as a Service Market Outlook:
Machine Learning as a Service Market size was over USD 58.5 billion in 2025 and is projected to reach USD 1.41 trillion by 2035, growing at around 37.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of machine learning as a service is evaluated at USD 78.24 billion.
The primary growth driver of the machine learning as a service market is the increasing adoption of artificial intelligence (AI) and data-driven decision-making across industries. A 2024 report on AI statistics and Trends states that 77% of organizations are either employing or exploring the usage of AI in their operations, and 83% say AI is a major priority in their business strategy.
Organizations generate massive amounts of structured and unstructured data. MLaaS helps analyze this data efficiently, unlocking actionable insights. The proliferation of cloud platforms enables scalable and on-demand ML solutions, further driving the adoption of MLaaS. In 2027, more than 70% of businesses will employ industrial cloud platforms to expedite business objectives, up from less than 15% in 2023. Additionally, the rising number of IoT-connected devices generates substantial real-time data, which MLaaS platforms can process and analyze for predictive and prescriptive analytics.
