The Machine Learning Model Operationalization Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Machine Learning Model Operationalization Management Global Market Report 2024, The machine learning model operationalization management market size is expected to see exponential growth in the next few years. It will grow to $7.85 billion in 2028 at a compound annual growth rate (CAGR) of 42.1%. The growth in the forecast period can be attributed to demand for automation, focus on model governance and compliance, integration with DevOps practices, focus on cost optimization, and increased investment in AI infrastructure. Major trends in the forecast period include automated model deployment, technological advancements and AutoML advancements.
The increasing demand for decision-making is expected to propel the growth of the machine learning model operationalization management market going forward. Decision-making refers to the ability to make informed decisions quickly by utilizing up-to-the-minute data and analytics. Machine learning model operationalization management (MLOps) helps in real-time decision-making by enabling the efficient deployment, monitoring, and management of machine learning models in production environments. For instance, in September 2022, according to a report by CIO, a US-based magazine related to technology and IT, around 88% of IT decision-makers agreed that data collection and analysis have the potential, and 84% of organizations have already deployed or have data-driven projects on their roadmaps. Therefore, demand for decision-making is driving the growth of the machine learning model operationalization management market.
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The machine learning model operationalization management market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment Mode: Cloud, On-premise
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By End User: Banking, Financial Services And Insurance (BFSI), Manufacturing, Information Technology (IT) And Telecom, Healthcare, Media And Entertainment
Major companies operating in the machine learning model operationalization management market are developing innovative products, such as AutoML tools, to make machine learning more accessible, efficient, and scalable for organizations. AutoML (Automated Machine Learning) tools refer to software platforms or frameworks that automate the process of building and deploying machine learning models. For instance, in May 2021, Google Cloud, a US-based provider of cloud computing services, launched Vertex AI, a managed machine learning (ML) platform that allows companies to accelerate the deployment and maintenance of artificial intelligence (AI) models. Vertex AI’s AutoML eliminates the need for extensive machine learning expertise, and it automates many of the processes involved in building and fine-tuning machine learning models. It provides tools for data preparation, model training, and deployment.
The machine learning model operationalization management market report table of contents includes:
1. Executive Summary
2. Machine Learning Model Operationalization Management Market Characteristics
3. Machine Learning Model Operationalization Management Market Trends And Strategies
4. Machine Learning Model Operationalization Management Market – Macro Economic Scenario
5. Global Machine Learning Model Operationalization Management Market Size and Growth
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26. South America Machine Learning Model Operationalization Management Market
27. Brazil Machine Learning Model Operationalization Management Market
28. Middle East Machine Learning Model Operationalization Management Market
29. Africa Machine Learning Model Operationalization Management Market
30. Machine Learning Model Operationalization Management Market Competitive Landscape And Company Profiles
Top Major Players:
- Amazon.com Inc
- Google LLC
- Microsoft Corporation
- Dataiku
- Azure Machine
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