Enabling AI Success: MLOps Market Overview (2022-2029)


Posted September 21, 2023 by aishwaryammr

MLOps Market size was valued at USD 1.06 Bn in 2022 and is expected to reach USD 22.1 Bn by 2029, at a CAGR of 38.7%
 
MLOps Market Overview

The MLOps Market research identifies industry-specific challenges, opportunities, and technological advancements that can help MLOps key competitors increase revenue and growth. Market research MLOps covers present and emerging trends that are influencing the development of the market for which the data was collected by using primary and secondary research methods.

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MLOps Market Report Scope and Research Methodology

The report provides a detailed analysis of the MLOps market size and share at global and regional levels. It covers the MLOps market's most recent revenue and trends. It provides MLOps market overview, definition, and structure, as well as preventative and pre-planned management. Geographically, the report is segmented into several key countries, with market size, growth rate and import and export of MLOps market. It focuses on the factors that affect the MLOps market, such as gross margin, cost, market share, capacity utilization, and supply. The report provides an analysis of the major players in the MLOps market in terms of their size, share, growth, revenue, production volume, and profitability. The research includes the growth strategies that are being used by MLOps key players, including strategic alliances and so on. The competitive landscape is a significant feature of the MLOps industry that all key stakeholders in the industry look for.

MLOps Market Regional Insights

In the regional and country sections, a detailed analysis of the factors influencing the MLOps market growth and changes in market regulation that impact current and future market trends are also discussed. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major indicators used to forecast MLOps market conditions for each country.

MLOps Market Segmentation

Deployment Mode: MLOps platforms can be set up in the cloud or on-premises. On-premises deployment entails setting up MLOps infrastructure and software on the client's property. As the software is licensed and the complete instance of the software resides on-site, on-premise software necessitates that an enterprise obtain a license or a copy of the software in order to utilize it. On the other hand, cloud-based deployment involves hosting and managing the MLOps platform using cloud infrastructure and services. A cloud-based server makes use of virtual technologies to host programs remotely for businesses. Data is routinely backed up, there are no capital expenses, and businesses only pay for the services they consume.

Industry Vertical: A wide number of industry verticals, including BFSI, healthcare, retail, telecommunications, and others, are served by the ML Ops market. diverse industry verticals have diverse ML use cases and requirements, such as banks using MLOps to expand ML models, reduce operational costs, and address pressing issues with data management like ethics, accountability, and transparency. Multi-talented teams can collaborate more effectively and complete more tasks in a standardized manner thanks to MLOps. And ML Ops platforms must be customized to satisfy these particular requirements.

The many parts of an ML Ops platform, such as model deployment, model training, model management, data management, and monitoring and governance, are used to segment the ML Ops market. ML pipelines have been automated by many businesses, yet models are still not compliant with regulatory standards. A 2021 Algorithmia-Study found that 56% of participants ranked implementing model governance as one of the most difficult aspects of successfully putting ML apps into production. Decrease in deployment time, increased scalability, and decreased error percentages are the three key MLOps components that are required.

1 MLOps Market, by Deployment Mode (2022-2029)
• On-Premises deployment
o Installation of MLOps software
o Infrastructure on the customer’s premises
• Cloud-Based Deployment
o Use of Cloud Infrastructure
o Services to host and manage the MLOps platform
2 MLOps Market, by Organization Size (2022-2029)
• Small & Medium-Sized Enterprises
• Large enterprises
3 MLOps Market, by Industry Vertical (2022-2029)
• BFSI
• Healthcare
• Retail
• Telecommunication
• Others
4 MLOps Market, by Component (2022-2029)
• Model Deployment
• Model Training
• Model Management
• Data Management
• Monitoring and Governance
5 MLOps Market, by Application (2022-2029)
• Fraud Detection
• Predictive Maintenance
• Recommendation Engines
• Others

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MLOps Market Key Players

• Microsoft
1. Amazon
2. Google
3. IBM
4. Dataiku
5. Lguazio
6. Databricks
7. DataRobot, Inc.
8. Cloudera
9. Modzy
10. Algorithmia
11. HPE
12. Valohai
13. Allegro AI
14. Comet
15. FloydHub
16. Paperpace
17. Cnvrg.io

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Key Questions answered in the MLOps Market Report are:

What is MLOps?
What is the CAGR of the MLOps market during the forecast period?
What is the expected MLOps market size by 2029?
Which segment held the largest MLOps market share in 2022?
What is the competitive scenario of the MLOps market?
What are the main factors driving the growth of the MLOps market?
Which region has the maximum MLOps market share?
Who are the major players in the MLOps market?
Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments, sub-segments and region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Categories Technology
Tags mlops market , mlops market share , mlops marketbusiness
Last Updated September 21, 2023