According to Stratistics MRC, the Global Machine Learning as a Service (MLaaS) market is expected to grow from $ 480.94 million in 2015 to reach $5,394.87 million by 2022 with a CAGR of 41.2%. Rising investments in the healthcare business, emerging multiple options in application areas, enhanced connectivity and enlargement in data from IoT platforms are the current trends in machine learning as a service market. Strong need to recognize consumer behaviour, acceptance of cloud-based technologies, and advancements in technologies are some of the major factors enhancing the market growth. However, the lack of trained consultants to organize machine learning services and government & compliance issues are restraining the growth of MLaaS solutions market.