MLOps Market Reach to USD 23.1 Billion by 2031 | Top Players such as - Alteryx, Databricks, and DataRobot
Surge in digital and internet penetration around the world serves as a potential opportunity for the expansion of the global MLOps market. Based on component, the platform segment held the highest share in 2021. Based on region, North America held the largest share in 2021, contributing to more than one-third of the global MLOps market share.
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The research provides detailed segmentation of the global MLOps market based on component, deployment mode, organization size, industrial vertical, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on enterprises size, the large enterprise segment accounted for the highest share in 2021, holding nearly two-third of the global MLOps market, and is expected to continue its leadership status during the forecast period. However, the small and medium-sized enterprises segment is estimated to grow at the highest CAGR of 39.5% during the forecast period.
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Based on region, North America held the largest share in 2021, contributing to more than one-third of the global MLOps market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 40.3% during the forecast period.
Leading market players of the global MLOps market analyzed in the research include Akira AI, Amazon Web Services, Inc., Cloudera, Inc., DataRobot, Inc., Google LLC, IBM Corporation, Databricks, Inc., GAVS Technologies, Microsoft Corporation, Alteryx.
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● The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global Mlops market. This is attributed to the surge in need of AI/ML-based projects among enterprises for improving their customers' needs and to upsurge their revenue opportunity.
● The demand for MLOps is likely to increase even more in the post-pandemic.
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