The global machine learning as a service market will grow at a CAGR more than 41.5% from 2019 to 2025 to exceed $13.5 billion by 2025. With advancements in data science and artificial intelligence technologies, the performance of machine learning has augmented at a rapid pace. Companies are now identifying the potential of this technology, and thus, the adoption rate of the same is expected to increase over the estimated period. Companies are offering machine learning solutions on a subscription-based model, making it easier for the consumers to take advantage of this technology. The growth of this market is driven by factors such as increasing adoption of cloud-based services, IoT, and automation; growing demand for predictive maintenance solutions; and the growing need for consumer behaviour analysis. However, security concerns and a lack of skilled personnel to use these solutions hinders the growth of market to some extent.
https://www.meticulousresearch.com/product/machine-learning-as-a-service-market-5004/
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