MLOps Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global MLOps Market size accounted for USD 1.1 billion in 2022, growing at a CAGR of 41.5% from 2023 to 2033.The MLOps (Machine Learning Operations) market involves the practices, tools, and strategies that streamline and automate the deployment, monitoring, and management of machine learning models at scale. It integrates development, deployment, and maintenance processes, aiming to improve the efficiency, reliability, and scalability of AI models in production. This market caters to industries leveraging AI and machine learning, offering solutions for version control, model governance, automation, and collaboration among data scientists, engineers, and operations teams to optimize the machine learning lifecycle.
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The MLOps market is primarily driven by the increasing adoption of AI and machine learning across industries, necessitating efficient management and deployment of models at scale. This growth is fueled by the demand for streamlined processes, automation tools, and governance solutions to ensure reliability, scalability, and reproducibility of machine learning workflows in real-world applications.
Key Players
Some of the major MLOps Market players holding high market shares include Akira AI, Microsoft Corporation, Amazon Web Services, Inc. and Cloudera, Inc.These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Databricks, Inc., IBM Corporation, DataRobot, Inc., Alteryx, GAVS Technologies, Google LLC
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Segmental Analysis
Based on Components, the MLOps market is segmented into platform and service.
Based on deployment mode, the MLOps market is segmented into on-premise and cloud. Throughout the course of the projected period, it is anticipated that the on-premise category would maintain its dominant market share, which it obtained in 2022. This is explained by the many benefits of the on-premise deployment, including the high degree of data protection and safety.
Based on organization size, the MLOps market is segmented into large enterprises and small & medium-sized enterprises.
Based on industry vertical, the MLOps market is segmented into BFSI, manufacturing, IT & telecom, retail & e-commerce, energy & utility, healthcare, media and entertainment and others.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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