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Expanding Influence Of AI Technologies Fueling Growth In The MLOps Market: Critical Driver Shaping the Global Machine Learning Model Operationalization Management (MLOPS) Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Machine Learning Model Operationalization Management (MLOPS) Industry Market Size Be by 2025?
The market size for machine learning model operationalization management (mlops) has seen a significant increase lately. The forecast suggests a growth from $2.65 billion in 2024 to $3.81 billion in 2025, with a compound annual growth rate (CAGR) of 43.9%. Factors such as an upsurge in the dissemination of machine learning models, the escalating complexity of ml models, burgeoning data volumes, a heightened demand for automation, and the advent of cloud computing have contributed to the growth in the historical period.
What's the Long-Term Growth Forecast for the Machine Learning Model Operationalization Management (MLOPS) Market Size Through 2029?
The market size of machine learning model operationalization management (mlops) is predicted to witness rapid expansion in the forthcoming years. It's expected to reach $16.54 billion by the year 2029, with a compound annual growth rate (CAGR) of 44.4%. The growth during the forecast period is principally due to developments in model explainability, ai governance integration, enhanced adoption of model versioning, focus on cutting costs, and a surge in industry-specific solutions. Key trends during this forecast period encompass technological progress, product innovations, initiatives around cloud security, and the development of web applications.
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What Are the Key Growth Drivers Fueling the Machine Learning Model Operationalization Management (MLOPS) Market Expansion?
The surge in the utilization of artificial intelligence (AI) technology is predicted to spur the expansion of the machine learning model operationalization management (MLOPS) market in the future. AI involves creating computer systems or software that can carry out tasks that usually necessitate human intelligence. Machine learning operationalization management leverages AI technology to guarantee the effective deployment, management, and monitoring of machine learning models in production scenarios while augmenting the entire lifecycle of machine learning (ML) models. For example, as of May 2022, according to a study by the International Business Machines Corporation (IBM), a technology corporation from the US, the global acceptance rate of AI witnessed a considerable increase to 35%, escalating four points from the previous year. Additionally, in 2022, it's anticipated that 13% more firms would have adopted AI compared to 2021. Survey showed that 35% of organizations already implemented AI in their company, 42% are mulling over AI adoption, and 66% of the companies are either presently deploying or planning to implement AI to achieve their sustainability objectives. Consequently, the rising acceptance of AI technology is fueling the expansion of the machine learning model operationalization management (MLOPS) market.
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What Are the Key Trends Driving Machine Learning Model Operationalization Management (MLOPS) Market Growth?
The rise in the use of AI technology is projected to drive the expansion of the machine learning model operationalization management (MLOPS) market. AI technology refers to the creation of computer systems or software capable of performing tasks often needing human intelligence. MLOPS leverages AI technology to ensure machine learning models are efficiently deployed, managed, and tracked in production environments and improve the end-to-end lifecycle of machine learning models. For instance, a report by International Business Machines Corporation (IBM), an American technology corporation, in May 2022 confirmed a notable surge in AI adoption worldwide at 35%, a growth of four points from the preceding year. Further, in 2022, an estimated 13% more companies used AI than in 2021. 35% of organizations confirmed integrating AI, 42% are considering AI usage, and 66% of companies are either currently using or planning to use AI to achieve their sustainability goals. Hence, the escalating use of AI technology is fueling the expansion of the machine learning model operationalization management (MLOPS) market.
How Is the Machine Learning Model Operationalization Management (MLOPS) Market Segmented?
The machine learning model operationalization management (mlops)market covered in this report is segmented -
1) By Component: Platform, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By Vertical: Banking, Financial Services, And Insurance, Retail And Ecommerce, Government And Defense, Health And Life Sciences, Manufacturing, Telecom, IT And ITeS, Energy And Utilities, Transportation And Logistics, Other Verticals
Subsegments:
1) By Platform: Model Development Platforms, Model Deployment Platforms, Monitoring And Management Tools, Data Management Solutions, Collaboration Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Maintenance Services, Custom Development Services
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Which Companies Are Leading the Charge in Machine Learning Model Operationalization Management (MLOPS) Market Innovation?
Major companies operating in the machine learning model operationalization management (mlops) market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., IBM Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, SAS Institute Inc., Informatica Corporation, Cloudera Inc., Databricks Inc., TIBCO Software Inc., Alteryx Inc., DataRobot Inc., Dataiku Inc., Domino Data Lab Inc., Neptune Labs, H2O.ai, RapidMiner, Tecton Inc., Data Science Dojo, ModelOp Inc., Aible, Inc., Algorithmia, Inc., KNIME AG
Which Regions Are Leading the Global Machine Learning Model Operationalization Management (MLOPS) Market in Revenue?
North America was the largest region in the machine learning model operationalization management (MLOPS) market in 2024. The regions covered in the machine learning model operationalization management (mlops) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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