MLOps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of MLOps Market
The global MLOps market size was valued at USD 720.0 million in 2022 and is projected to grow from USD 1064.4 million in 2023 to USD 13321.8 million by 2030, exhibiting a CAGR of 43.5% during the forecast period of 2023-2030.
During the pandemic, remote work and prolonged actionable desires opened the explosive marketplace for green system learning operations. They affected MLOps market growth in healthcare, e-trade, and finance segments.
The driving elements of MLOps market are the enhancing trend of AI and machine-gaining knowledge, rising necessity of subjectwise efficient representation of ML version, and the commercial demand for techniques that control automation in information processing and analytics.
Automation and orchestration are critical developments in the MLOps market, streamlining the system's studying lifecycle. By automating tasks, including information education, model education, deployment, and control, MLOps platforms lessen guide attempts and enhance performance, expanding the MLOps market share globally. This automation enables statisticians, statistician engineers, in addition to scientists to progress to other better value activities and assist in expediting AI and ML models. Additionally, automation enables limited errors and ensures consistency at some point in the ML procedure, improving the usual fine and reliability.
Comprehensive Analysis of MLOps Market
This means that the MLOps market is segmented based on the following aspects: deployment, corporation kind, and stop-consumer. Deployment-wise, the hybrid segment is expected to lead the market due to its cloud and on-premise structure functionalities, which provide security, cost control, and flexibility. The cloud section also occupies a relatively large percentage since it is not tightly tied to the company and is willing to navigate between different clouds. Based on enterprise type, SMEs are anticipated to improve rapidly, tapping into convenient open-source MLOps solutions. On the other hand, big enterprises are dominant since they require dealing with serious facts. Concerning stop-customers, leaders in the healthcare marketplace rise when applying MLOps to optimize clinical work. IT & telecom stay the maximum sensible marketplace proportion because of advanced operational efficiency and community management with the help of gadgets gaining knowledge of effects.
The North America region led the MLOps market by benefitting a size of USD 260.7 million in 2022 due to giant technological improvements in gadget mastering throughout numerous sectors like banking, retail, automotive, healthcare, and others.
The leading players in the MLOps market play a crucial role in shaping its growth trajectory and setting industry standards. Key companies, including DataRobot, Inc. (U.S.), Domino Data Lab, Inc. (U.S.), Amazon Web Services, Inc. (U.S.), Microsoft (U.S.), IBM Corp (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Allegro AI (ClearML) (Israel), Mlflow (U.S.), Google (U.S.), and Cloudera, Inc. (U.S.), contribute to a highly competitive landscape, driving innovation and market advancement through their cutting-edge solutions and strategic investments.
In November 2023, DataRobot introduced a new partnership with Cisco and launched an MLOps answer for the Cisco Full-Stack Observability (FSO) platform, which evolved in collaboration with Evolutio. This answer gives corporation-degree observability for generative AI and predictive AI, assisting in optimizing and scaling deployments while enhancing commercial enterprise costs for clients.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 43.5% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Deployment
Cloud
On-premise
Hybrid
By Enterprise Type
SMEs
Large Enterprises
By End-user
IT & Telecom
Healthcare
BFSI
Manufacturing
Retail
Others (Advertising, Transportation)
By Region
North America (By Deployment, Enterprise Type, End-user, and Country)
U.S. (By End-user)
Canada (By End-user)
Mexico (By End-user)
Europe (By Deployment, Enterprise Type, End-user, and Country)
U.K. (By End-user)
Germany (By End-user)
France (By End-user)
Italy (By End-user)
Spain (By End-user)
Russia (By End-user)
Benelux (By End-user)
Nordics (By End-user)
Rest of Europe
Asia Pacific (By Deployment, Enterprise Type, End-user, and Country)
China (By End-user)
Japan (By End-user)
India (By End-user)
South Korea (By End-user)
ASEAN (By End-user)
Oceania (By End-user)
Rest of the Asia Pacific
Middle East & Africa (By Deployment, Enterprise Type, End-user, and Country)
Turkey (By End-user)
Israel (By End-user)
GCC (By End-user)
North Africa (By End-user)
South Africa (By End-user)
Rest of the Middle East & Africa
South America (By Deployment, Enterprise Type, End-user, and Country)
Brazil (By End-user)
Argentina (By End-user)
Rest of South America
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