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ModelOps Market Trends: Expected 38.3% CAGR to Boost Industry to USD 70.07 Billion by 2032

08-22-2024 11:36 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

ModelOps Market

ModelOps Market

According to Polaris Market Research predictions, the ModelOps market size was valued at USD 3.79 billion in 2023. The market is anticipated to grow to USD 70.07 billion by 2032, exhibiting a CAGR of 38.3% during the forecast period.

The market growth is primarily fuelled by an escalation in data generation as it generates a requirement for thorough data management policies. The data capacities are augmenting aggressively covering industries due to growing progression in several digital platforms such as e-commerce, social media, and others.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/modelops-market/request-for-sample

However, handling extensive and diverse data sources needs progressive functional frameworks to guarantee precise training, testimony, and ongoing upgrading of models. ModelOps encounters these needs by providing instruments and platforms for mechanized model arrangement, performance observing, and lifecycle handling.

ModelOps is the premiere cloud Indigenous, endeavor wide potential for handling all the production models. It circumscribes all models from foundation to retrial, not just ML. ModelOps secures testimony of and liability for all models in production. It involves handling all IT, probability, adherence, and business needs throughout a model's life process and guaranteeing its health and functional productivity once it is produced. A real-time listing of all production models guarantees one has the observability into the complete portfolio of production models so that one can render illuminated commitments about what should be located and where.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง

The market is splintered with the existence of innumerable global and regional market players. Key companies in the ModelOps market are mentioned below:
โ€ข Altair Engineering Inc.
โ€ข C3.ai, Inc.
โ€ข Cloud Software Group, Inc.
โ€ข Databricks
โ€ข DataKitchen, Inc.
โ€ข Datatron
โ€ข Domino Data Lab, Inc.
โ€ข Giggso
โ€ข IBM
โ€ข LeewayHertz
โ€ข Minitab, LLC
โ€ข ModelOp
โ€ข Palantir Technologies Inc.
โ€ข SAS Institute Inc.
โ€ข Sparkling Logic
โ€ข Teradata
โ€ข Veritone, Inc.
โ€ข Verta

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ: https://www.polarismarketresearch.com/buy/3975/2

๐Œ๐จ๐๐ž๐ฅ๐Ž๐ฉ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข The monitoring and alerting segment in the ModelOps market is expected to experience substantial growth over the forecast period due to the escalating utilization of artificial intelligence and machine learning models in diverse industries, creating a demand for solutions that ensure the optimal performance of these models.
โ€ข The BFSI sector dominated the ModelOps industry because BFSI institutions widely utilize decision-making models in banking, credit, and investment functions.
โ€ข In the global market, the North American ModelOps market has the highest revenue share due to the presence of numerous established and emerging ModelOps companies such as Verta, SAS Institute Inc., ModelOp, Teradata, and IBM in the North American region.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข North America dominated the ModelOps market. The region's growth is primarily fuelled by the attentiveness of tech mammoths and startup habitats encouraged an aggressive ambiance that pushed ongoing investments and speedy progression in ModelOps solutions. Therefore, the region's matured framework that encourages technological progressions presented the superiority of the region.
โ€ข Owing to the growth in critical industries such as BFSI, IT, manufacturing, retail, e-commerce, and telecommunications, the Asia Pacific region is projected to grow at a rapid pace.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/modelops-market

Polaris Market Research has segmented the ModelOps market report based on offering, model type, application, and verticals

๐Œ๐จ๐๐ž๐ฅ๐Ž๐ฉ๐ฌ, ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐  ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Platforms
โ€ข Services

๐Œ๐จ๐๐ž๐ฅ๐Ž๐ฉ๐ฌ, ๐Œ๐จ๐๐ž๐ฅ ๐“๐ฒ๐ฉ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Agent-Based Models
โ€ข Bring Your Own Models
โ€ข Graph-Based Models
โ€ข Linguistic Models
โ€ข ML Models
โ€ข Rule & Heuristic Models
โ€ข Others

๐Œ๐จ๐๐ž๐ฅ๐Ž๐ฉ๐ฌ, ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Batch Scoring
โ€ข Continuous Integration/Continuous Deployment
โ€ข Dashboard & Reporting
โ€ข Governance, Risk and Compliance
โ€ข Model Lifecycle Management
โ€ข Monitoring & Alerting
โ€ข Parallelization & Distributed Computing
โ€ข Others

๐Œ๐จ๐๐ž๐ฅ๐Ž๐ฉ๐ฌ, ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ๐ฌ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข BFSI
โ€ข Energy & Utilities
โ€ข Government & Defense
โ€ข Healthcare & Life sciences
โ€ข IT/ITeS
โ€ข Manufacturing
โ€ข Retail & eCommerce
โ€ข Telecommunications
โ€ข Transportation & Logistics
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Digital Mining Market: https://www.polarismarketresearch.com/industry-analysis/digital-mining-market

Self-Sovereign Identity (SSI) Market: https://www.polarismarketresearch.com/industry-analysis/self-sovereign-identity-ssi-market

Hospital Electronic Health Records Market: https://www.polarismarketresearch.com/industry-analysis/hospital-electronic-health-records-market

Identity Threat Detection and Response (ITDR) Market: https://www.polarismarketresearch.com/industry-analysis/identity-threat-detection-and-response-market

Small Cell 5G Network Market: https://www.polarismarketresearch.com/industry-analysis/small-cell-5g-network-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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๐“๐ก๐ž ๐›๐ฅ๐จ๐œ๐ค๐œ๐ก๐š๐ข๐ง ๐ข๐ง ๐ก๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ–๐Ÿ‘๐Ÿ.๐Ÿ“๐Ÿ’ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’. ๐ˆ๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ ๐”๐’๐ƒ ๐Ÿ,๐Ÿ•๐Ÿ–,๐Ÿ—๐Ÿ๐ŸŽ.๐Ÿ‘๐Ÿ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’, ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ๐ข๐ง๐  ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ•๐Ÿ.๐Ÿ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ’. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง: Blockchain in healthcare involves utilizing blockchain technology to store, manage, and share medical data safely. It offers a decentralized and secure system for managing patient records, safeguarding data privacy, and enhancing transparency.โ€ฆ

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