Machine Learning As A Service Market Size Growing At 37.9% Cagr Set To Reach Usd 173.5 Billion By 2032

The Global Machine Learning as a Service Market Size accounted for USD 7.1 Billion in 2022 and is projected to achieve a market size of USD 173.5 Billion by 2032 growing at a CAGR of 37.9% from 2023 to 2032. The increasing adoption of cloud-based technologies and the need for managing the enormous amount of data generated has led to the rise in demand for MLaaS solutions. MLaaS is being used in various industries such as healthcare, retail, BFSI, manufacturing, and others. The Natural Language Processing (NLP) segment is expected to grow rapidly during the forecast period.