Machine Learning as a Service Market Size

Machine Learning as a Service Market registered a profitable valuation of USD 43.8 billion in 2024 and is projected to reach USD 3024 billion by 2037, expanding at a CAGR of 38.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of machine learning as a service is estimated at USD 60.70 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.

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 Size