openPR Logo
Press release

MLOps Market Booms By 2032: Report Indicates Accelerated Adoption Across Industries

05-27-2024 11:30 AM CET | IT, New Media & Software

Press release from: Allied Market Research

MLOps Market

MLOps Market

A recent report titled "MLOps Market," published by Allied Market Research, reveals significant growth projections for the MLOps sector. The market, valued at $1.4 billion in 2022, is anticipated to soar to $37.4 billion by 2032, boasting a remarkable compound annual growth rate (CAGR) of 39.3% from 2023 to 2032.

The surge in digital and internet penetration around the world is positively impacting the growth of the market. In addition, increase in adoption of MLOps technology across enterprises to enhance operation & productivity strengthens the growth of the market for future. Furthermore, an increase in investments in the healthcare sector is expected to provide lucrative growth opportunities for the market during the forecast period. However, inaccessible data & data security, rigid business models, and lack of engineering skills hamper the growth of the market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/A47295

MLOps stands for Machine Learning Operations. It's a set of practices aimed at streamlining the lifecycle of machine learning models in production environments. MLOps integrates aspects of DevOps, data engineering, and machine learning to ensure the seamless development, deployment, monitoring, and management of machine learning models at scale.

It encompasses various stages of the machine learning workflow, including data collection and preprocessing, model training and evaluation, model deployment and monitoring, and continuous integration/continuous deployment (CI/CD) pipelines specific to machine learning. MLOps helps organizations operationalize their machine learning projects, enabling efficient collaboration between data scientists, data engineers, and IT operations teams to deliver reliable and scalable AI solutions.

The IT and telecom sector emerged as the dominant vertical in the MLOps market in 2022 and is projected to maintain its prominence in the forecast period. Concurrently, the healthcare sector is poised for significant growth, with MLOps adoption aiding in navigating challenges related to security, regulations, finances, and standards amidst digital transformation initiatives.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/A47295

Based on end user, the IT and telecom segment held the highest market share in 2022, accounting for more than one-fourth of the MLOps market revenue, and is estimated to maintain its leadership status throughout the forecast period. The IT and Telecom industry are implementing MLOps, to make the best decisions for continuing to be successful in the marketplace. These factors will notably contribute towards the growth for MLOps in this industry. However, the government segment is projected to attain the highest CAGR of 41.9% from 2023 to 2032. The adoption of MLOps helps healthcare companies to address the issues such as securities, regulations, financial factors, and standards which are in the path of the digital transformation process

Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing more than two-thirds of the MLOps market revenue. The surge in adoption of MLOps in large businesses open numerous opportunities for market growth. However, the small and medium-sized enterprises segment is expected to attain the largest CAGR of 41.9% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. Factors such as surge in digitalization and increase government initiatives through various digital SME campaigns throughout the world fuel the growth of the market.

Based on deployment mode, the on-premise segment held the highest market share in 2022, accounting for three-fifths of the MLOps market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is due to the numerous advantages offered by the on-premise deployment such as a high level of data security and safety. Industries prefer on-premise model owing to high data security and less data breach as compared to cloud based deployment models, which further drive the demand for on-premise deployment model within the sectors. However, the cloud segment is projected to attain the highest CAGR of 42.2% from 2023 to 2032. Rise in the adoption of cloud based MLOps due to low cost and easier maintenance drives the growth of the market.

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/mlops-market/purchase-options

Geographically, North America secured the largest market share in 2022, driven by the steady adoption of MLOps to meet evolving business demands and enhance customer experiences. Biopharmaceutical companies in this region are increasingly leveraging MLOps for research, drug discovery, and clinical trials, further propelling market growth. However, Asia-Pacific is anticipated to witness the highest growth during the forecast period, fueled by the escalating adoption of advanced technologies like AI/ML and big data, alongside increasing digitalization across business operations.

The COVID-19 pandemic exerted a positive influence on the MLOps market, spurring investments in advanced technologies such as AI, big data, DevOps, and machine learning to accommodate the rise in digitalization across various industries. Furthermore, the pandemic-induced challenges faced by the manufacturing sector, including supply chain disruptions and workforce shortages, underscored the importance of data-driven insights, thereby driving demand for MLOps solutions.

Moreover, there is significant potential for AI expansion across emerging sectors in China, including automotive, transportation, logistics, manufacturing, and healthcare, in the coming decade. Notably, industry leaders and experts convened in June 2023 for an online meetup to explore the latest trends in MLOps and Kubeflow, fostering collaboration and innovation in cloud-native technologies for MLOps.

The key players that operate in the MLOps market analysis are Akira AI, Alteryx, Amazon Web Services, Inc., Cloudera, Inc., Databricks, Inc., DataRobot, Inc., GAVS Technologies, Google LLC, IBM Corporation and Microsoft Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the MLOps industry.

Access the full summary at: https://www.alliedmarketresearch.com/mlops-market-A47295

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have special requirements, please tell us, and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release MLOps Market Booms By 2032: Report Indicates Accelerated Adoption Across Industries here

News-ID: 3513458 • Views:

More Releases from Allied Market Research

IVR System Market Size, Share, Competitive Landscape, Trend Analysis and Industr …
Interactive voice response (IVR) is an automotive telephony system that interacts with callers, collects data, and routes calls to appropriate recipient. It offers customer-self-service that helps reduce the dependence on live agents for resolving issues related to customer services. Aspect software, Inc, Avaya, Inc, and Cisco Systems, Inc, are some of the key players in the IVR system market. Request Sample Report: https://www.alliedmarketresearch.com/request-toc-and-sample/4077 Rise in demand of enhancing customer relationship management is
Molding Compounds Market is likely to hit $17.02 billion by 2031, driven by growing demand in electronics and automotive sectors
Molding Compounds Market is likely to hit $17.02 billion by 2031, driven by grow …
As per the latest research, Molding Compounds Market is expected to hit nearly $17.02 billion by 2031 and to grow at a CAGR of 5.5% from 2022 to 2031. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough
Fiber Optic Coatings Market Share: Industry Statistics, Value, Research, Growth Opportunities, Regional and Forecast: 2022-2032
Fiber Optic Coatings Market Share: Industry Statistics, Value, Research, Growth …
According to the report, global fiber optics coating industry generated $9.8 billion in 2022, and is estimated to reach $15.7 billion by 2032, witnessing a CAGR of 4.8% from 2023 to 2032. With the increase in demand for high-speed internet and data transmission, the telecommunications industry has been rapidly adopting fiber optic cables. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/2776 Fiber optic coatings are essential to protect and enhance the performance
Instant Dry Yeast Market to Reach $1,273.50 Million by 2030, Growing at a 7.6% CAGR
Instant Dry Yeast Market to Reach $1,273.50 Million by 2030, Growing at a 7.6% C …
According to a new report published by Allied Market Research, titled, "Instant Dry Yeast Market by Packaging Type, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030," The instant dry yeast market size is expected to reach $1,273.50 million by 2030, registering a CAGR of 7.6% from 2021 to 2030. 💡𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/A13175 Instant yeast is more finely ground than active dry yeast. Marketed as

All 5 Releases


More Releases for MLOps

MLOps Market Consumption Analysis by Applications, Emerging Trends with Historic …
The report on the global MLOps Market offers a qualitative and quantitative analysis of the market and its growth parameters. It also emphasizes the key drivers, restraints, challenges, and upcoming growth opportunities that will impact the market and create challenging scenarios. It also focuses on the segmentation table and mentions the name of the central fragment and its credited elements. Moreover, the report also highlights key market challenges, developments, and
MLOps Market Growth, Status, Scope, Trend and Key Players - Microsoft, Amazon, G …
The MLOps Market research market report is the outcome of persistent efforts led by knowledgeable forecasters, innovative analysts, and brilliant researchers who carry out detailed and diligent research on different markets, trends, and emerging opportunities in the consecutive direction for the business needs. Systematic investment analysis is also underlined in this report which forecasts impending opportunities for the market players. Get a FREE Sample Copy of this Report with Graphs and
MLOps Market Giants Spending is Going to Boom | Cloudera, Dataiku, Datarobot
The Latest research study released by HTF MI “MLOps Market, Global Outlook and Forecast Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered
MLOps Technology Market : An Exclusive Study On Upcoming Trends And Growth Oppor …
"Machine Learning Operations (MLOps) is a combination of processes, emerging best practices and underpinning technologies that provides a scalable, centralized and governed means to automate and scale the deployment and management of trusted ML applications in production environments. Get Up to 40% Discount on this Premium Report https://www.infinitybusinessinsights.com/ask_for_discount.php?id=676993 MLOps accounts for the unique aspects of AI/ML projects in project management, CI/CD, and quality assurance, helping you improve delivery time, reduce defects, and make
MLOps Market to be dominated by BFSI segment till 2026 – TechSci Research
According to TechSci Research report, “MLOps Market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. ML Ops stands for machine learning operations and makes the use of machine learning models by the development/operations team. The main objective of ML Ops is to manage the deployment and development of machine learning models by stating the process to make machine learning more dependable and productive.
ModelOps and MLOps Platforms Market Next Big Thing | Major Giants- IBM, iFusion, …
Latest Study on Industrial Growth of Global ModelOps and MLOps Platforms Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the ModelOps and MLOps Platforms market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of