Press release
Machine Learning As A Service In Manufacturing Market Overview on Key Innovations 2023
Market Overview
Machine learning has become a disruptive trend in the technology industry with computers learning to accomplish tasks without being explicitly programmed. The manufacturing industry is relatively new to the concept of machine learning. Machine learning is well aligned to deal with the complexities of the manufacturing industry. Manufacturers can improve their product quality, ensure supply chain efficiency, reduce time to market, fulfil reliability standards, and thus, enhance their customer base through the application of machine learning. Machine learning algorithms offer predictive insights at every stage of the production, which can ensure efficiency and accuracy. Problems that earlier took months to be addressed are now being resolved quickly. The predictive failure of equipment is the biggest use case of machine learning in manufacturing. The predictions can be utilized to create predictive maintenance to be done by the service technicians. Certain algorithms can even predict the type of failure that may occur so that correct replacement parts and tools can be brought by the technician for the job.
Report For Report Sample with Table of Contents@https://www.trendsmarketresearch.com/report/sample/9906
Market Analysis
According to Infoholic Research, Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% during the forecast period 2017–2023. The market is propelled by certain growth drivers such as the increased application of advanced analytics in manufacturing, high volume of structured and unstructured data, the integration of machine learning with big data and other technologies, the rising importance of predictive and preventive maintenance, and so on. The market growth is curbed to a certain extent by restraining factors such as implementation challenges, the dearth of skilled data scientists, and data inaccessibility and security concerns to name a few.
Segmentation by Components
The market has been analyzed and segmented by the following components – Software Tools, Cloud and Web-based Application Programming Interface (APIs), and Others.
Segmentation by End-users
The market has been analyzed and segmented by the following end-users, namely process industries and discrete industries. The application of machine learning is much higher in discrete than in process industries.
Segmentation by Deployment Mode
The market has been analyzed and segmented by the following deployment mode, namely public and private.
Regional Analysis
The market has been analyzed by the following regions as Americas, Europe, APAC, and MEA. The Americas holds the largest market share followed by Europe and APAC. The Americas is experiencing a high adoption rate of machine learning in manufacturing processes. The demand for enterprise mobility and cloud-based solutions is high in the Americas. The manufacturing sector is a major contributor to the GDP of the European countries and is witnessing AI driven transformation. China’s dominant manufacturing industry is extensively applying machine learning techniques. China, India, Japan, and South Korea are investing significantly on AI and machine learning. MEA is also following a high growth trajectory.
Request For Report Discount@ https://www.trendsmarketresearch.com/report/discount/9906
Vendor Analysis
Some of the key players in the market are Microsoft, Amazon Web Services, Google, Inc., and IBM Corporation. The report also includes watchlist companies such as BigML Inc., Sight Machine, Eigen Innovations Inc., Seldon Technologies Ltd., and Citrine Informatics Inc.
Benefits
The study covers and analyzes the Global MLaaS Market in the manufacturing context. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
Request For Report Analysis @ https://www.trendsmarketresearch.com/report/analysis/IR/global-machine-learning-as-a-service-in-manufacturing-market
Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom
Email: sales@trendsmarketresearch.com
Website: https://www.trendsmarketresearch.com
About Us:
Trends Market Research is one of the leading digital services provider and a result-oriented
company based in U.K... We are a team of enthusiastic-driven individuals with top notch skills in SEO,
Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed.
We provide research solution.Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation,
Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices,
Food & Beverage and Industrial Automation as well as all type of other leading industries verticals.
We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement.
Machine learning has become a disruptive trend in the technology industry with computers learning to accomplish tasks without being explicitly programmed. The manufacturing industry is relatively new to the concept of machine learning. Machine learning is well aligned to deal with the complexities of the manufacturing industry. Manufacturers can improve their product quality, ensure supply chain efficiency, reduce time to market, fulfil reliability standards, and thus, enhance their customer base through the application of machine learning. Machine learning algorithms offer predictive insights at every stage of the production, which can ensure efficiency and accuracy. Problems that earlier took months to be addressed are now being resolved quickly. The predictive failure of equipment is the biggest use case of machine learning in manufacturing. The predictions can be utilized to create predictive maintenance to be done by the service technicians. Certain algorithms can even predict the type of failure that may occur so that correct replacement parts and tools can be brought by the technician for the job.
Report For Report Sample with Table of Contents@https://www.trendsmarketresearch.com/report/sample/9906
Market Analysis
According to Infoholic Research, Machine Learning as a Service (MLaaS) Market will witness a CAGR of 49% during the forecast period 2017–2023. The market is propelled by certain growth drivers such as the increased application of advanced analytics in manufacturing, high volume of structured and unstructured data, the integration of machine learning with big data and other technologies, the rising importance of predictive and preventive maintenance, and so on. The market growth is curbed to a certain extent by restraining factors such as implementation challenges, the dearth of skilled data scientists, and data inaccessibility and security concerns to name a few.
Segmentation by Components
The market has been analyzed and segmented by the following components – Software Tools, Cloud and Web-based Application Programming Interface (APIs), and Others.
Segmentation by End-users
The market has been analyzed and segmented by the following end-users, namely process industries and discrete industries. The application of machine learning is much higher in discrete than in process industries.
Segmentation by Deployment Mode
The market has been analyzed and segmented by the following deployment mode, namely public and private.
Regional Analysis
The market has been analyzed by the following regions as Americas, Europe, APAC, and MEA. The Americas holds the largest market share followed by Europe and APAC. The Americas is experiencing a high adoption rate of machine learning in manufacturing processes. The demand for enterprise mobility and cloud-based solutions is high in the Americas. The manufacturing sector is a major contributor to the GDP of the European countries and is witnessing AI driven transformation. China’s dominant manufacturing industry is extensively applying machine learning techniques. China, India, Japan, and South Korea are investing significantly on AI and machine learning. MEA is also following a high growth trajectory.
Request For Report Discount@ https://www.trendsmarketresearch.com/report/discount/9906
Vendor Analysis
Some of the key players in the market are Microsoft, Amazon Web Services, Google, Inc., and IBM Corporation. The report also includes watchlist companies such as BigML Inc., Sight Machine, Eigen Innovations Inc., Seldon Technologies Ltd., and Citrine Informatics Inc.
Benefits
The study covers and analyzes the Global MLaaS Market in the manufacturing context. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
Request For Report Analysis @ https://www.trendsmarketresearch.com/report/analysis/IR/global-machine-learning-as-a-service-in-manufacturing-market
Contact Us:
One Vincent Square
Westminster, London SW1P 2PN
United Kingdom
Email: sales@trendsmarketresearch.com
Website: https://www.trendsmarketresearch.com
About Us:
Trends Market Research is one of the leading digital services provider and a result-oriented
company based in U.K... We are a team of enthusiastic-driven individuals with top notch skills in SEO,
Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed.
We provide research solution.Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation,
Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices,
Food & Beverage and Industrial Automation as well as all type of other leading industries verticals.
We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
