Top Companies in Machine Learning as a Service Market Comprehensive Article You Want to Know

“Machine learning as a service Market to Reach 21803.03 USD Million by 2028

Top Companies in Machine Learning as a Service Market Comprehensive Article You Want to Know

Market Overview:

The market size of the Machine learning as a service market in the year 2021 is valued at 2,958.50 USD Million and is predicted to reach 21803.03 USD Million by the year 2028 at 39.50% CAGR during the forecast period. Machine learning is a computing technology that offers computers the ability to learn and modify their analytical functionalities when exposed to new data sets, without being explicitly programmed. There are several factors that trigger the growth of machine learning along with its associated advanced computing and analytics market. Some of them are rising demand for mapping customer behavior especially by the marketing and advertising sector, increasing concerns for security, and growing need for applications for support during emergencies.

Rapid advancements and innovations are happening in enabling technologies. Various solution providers are doing a lot of work in these areas. For instance, Affectiva recently launched its emotion analytics technology that has the largest data repository of over 2 million face videos, enabling its clients to achieve high accuracy with unmatchable insights. Apart from that, other players such as small players such as Cognitec System, Emotient, GestureTek, Saffron, and Palantir are also making significant advancements in the field of gesture recognition, face recognition, cognitive computing, and neuron analytics. These developments are expected to fuel the growth of Machine learning as a service market in the coming years.

Following are the top 9 leading companies in the Machine learning as a service market:

Company Name

Revenue in USD

  • Microsoft

$184 Billion

  • Amazon Web Services

$458 Billion

  • Hewlett Packard Enterprises

$27 Billion

  • Google, Inc.

$257 Billion

  • BigML Inc.

$15 Million

  • FICO

$1 Billion

  • IBM Corporation

$57 Billion

  • AT&T

$168 Billion

  • Yottamine Analytics

<$5 Million


  1. Microsoft

Microsoft Corp. was established in 1975. Headquartered in the U.S., the company engages in the provision of developing and marketing software and hardware services. The company's products include operating systems for computing devices, servers, phones, and intelligent devices. It also offers server applications for distributed computing environments, productivity applications, business solution applications, desktop and server management tools, software development tools, video games, and online advertising.

  1. Amazon Web Services

Amazon Web Services, Inc. is a subsidiary of Amazon providing on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide a variety of basic abstract technical infrastructure and distributed computing building blocks and tools. One of these services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a virtual cluster of computers, available all the time, through the Internet. AWS's virtual computers emulate most of the attributes of a real computer, including hardware central processing units (CPUs) and graphics processing units (GPUs) for processing; local/RAM memory; hard-disk/SSD storage; a choice of operating systems; networking; and pre-loaded application software such as web servers, databases, and customer relationship management (CRM).

  1. Hewlett Packard Enterprises

HP Inc. is an American multinational information technology company headquartered in Palo Alto, California, that develops personal computers (PCs), printers, and related supplies, as well as 3D printing solutions. It was formed on November 1, 2015, renamed from the personal computer and printer divisions of the original Hewlett-Packard Company, with that company's enterprise product and business services divisions becoming Hewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard's pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.

  1. Google, Inc.

Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include a search engine, online advertising technologies, cloud computing, software, and hardware. Google’s parent company Alphabet Inc. is considered one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft. The company's rapid growth since incorporation has included products, acquisitions, and partnerships beyond Google's core search engine, Google Search. The company offers services designed for work and productivity Google Docs, Google Sheets, and Google Slides, email-Gmail, scheduling and time management Google Calendar, cloud storage Google Drive, instant messaging and video chat Google Duo, Google Chat, and Google Meet, language translation Google Translate, mapping and navigation Google Maps, Waze, Google Earth, and Street View, podcast hosting Google Podcasts, video sharing YouTube, blog publishing Blogger, note-taking Google Keep and Jamboard, and photo organizing and editing Google Photos.

  1. BigML Inc.

BigML offers a highly scalable, cloud-based Machine Learning service that is easy to use, seamless to integrate, and instantly actionable. Now everyone can implement data-driven decision-making in their applications. BigML works with small and big data. In the near future, all applications will be predictive. To stay relevant in a faster, more complex, connected, and uncertain world, predictive applications will have to take advantage of Machine Learning and other Artificial Intelligence techniques in one way or another. BigML's platform, private deployments, and rich toolset will continue to help their customers create, rapidly experiment, fully automate and manage Machine Learning workflows that power best-in-class intelligent applications.

  1. FICO

FICO is a data analytics company based in San Jose, California, focused on credit scoring services. It was founded in 1956. Its FICO score, a measure of consumer credit risk has become a fixture of consumer lending in the United States. The company believes in the power of data-driven intelligence to transform the way organizations make and apply decisions. The company provides the ideal decisions foundation companies need to successfully achieve digital transformation. The company has helped companies around the globe achieve their transformation goals.

  1. IBM Corporation

IBM Corporation was established in 1911. Headquartered in the U.S., the company produces and sells computer hardware, middleware & software, and provides hosting & consulting services in areas ranging from mainframe computers to nanotechnology. IBM is also a major research organization and inventions by IBM include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM).

  1. AT&T

AT&T has been changing the way people live, work and play for more than 140 years. It started with Alexander Graham Bell’s telephone. Since then, their legacy of innovation has included the invention of the transistor the building block of today’s digital world as well as the solar cell, the communications satellite, and machine learning. Throughout its history, AT&T has reinvented itself time and time again including adding WarnerMedia to reshape the world of technology, media, and telecommunications. For nearly 100 years, WarnerMedia and its family of companies have redefined how audiences around the world consume media and entertainment. It launched the first premium network in HBO and introduced the world’s first 24-hour all-news network in CNN.

  1. Yottamine Analytics

YottamineAI offers a turn-key machine learning platform for global institutional investment management firms. Their patent-approved solution provides clients with predictive intelligence that enables them to make optimal trading decisions and strategically manage their portfolio of investments while generating significant ROI improvement. YottamineAI's scientific team has more than 30 years of combined experience in researching and developing novel machine learning algorithms and applying them to real-world problems.

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