Machine Learning As A Service (MLaaS) Market Share

Market Share of Machine Learning As A Service (MLaaS) Industry

The machine Learning as a Service Market is highly fragmented, with the presence of major players like Microsoft Corporation, IBM Corporation, Google LLC, SAS Institute Inc., and Fair Isaac Corporation (FICO). Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.   

• May 2023 - IBM Watsonx, a new AI and data platform released that would enable enterprises to scale and accelerate the impact of the advanced AI with trusted data. Enterprises turning to AI need access to a full technology stack that would enable them to train, tune, and deploy AI models, including foundation models and machine learning capabilities, across their companies with trusted data, speed, and governance.
• May 2023 - NVIDIA announced that it is integrating its NVIDIA AI Enterpris NVIDIA AI Enterprise software into Microsoft's Azure Machine Learning to assist enterprises in accelerating their AI initiatives. The integration would create a secure, enterprise-ready platform that enables Azure customers globally to quickly build, deploy, and manage customized applications using the more than 100 NVIDIA AI frameworks and tools that come fully supported in NVIDIA AI Enterprise, the software layer of NVIDIA's AI platform.

Machine Learning as a Services(MLAAS) Market Leaders

1. Microsoft Corporation

2. IBM Corporation

3. Google LLC

4. SAS Institute Inc.

5. Fair Isaac Corporation (FICO)

*Disclaimer: Major Players sorted in no particular order