Overview and Scope
Machine learning model operationalization management (MLOps) refers to the process of preparing and deploying machine learning models in a production environment. It involves the integration of machine learning models into business applications, analytical platforms, and other systems to ensure that they work efficiently.
Sizing and Forecast
The machine learning model operationalization management (mlops) market size has grown exponentially in recent years. It will grow from $1.83 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 44.9%. The growth in the historic period can be attributed to proliferation of machine learning models, rising complexity of ml models, growing data volumes, increasing demand for automation, rise of cloud computing..
The machine learning model operationalization management (mlops) market size is expected to see exponential growth in the next few years. It will grow to $11.56 billion in 2028 at a compound annual growth rate (CAGR) of 44.6%. The growth in the forecast period can be attributed to advancements in model explainability, integration with ai governance, greater adoption of model versioning, focus on cost optimization, increased industry-specific solutions.. Major trends in the forecast period include advancements in technology, product innovations, cloud security initiatives, web applications development.
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Segmentation & Regional Insights
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
North America was the largest region in the machine learning model operationalization management (MLOPS) market in 2023. 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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Major Driver Impacting Market Growth
The increasing adoption of AI technology is expected to propel the growth of the machine learning model operationalization management (MLOPS) market going forward. Artificial intelligence (AI) refers to the development of computer systems or software that can perform tasks that typically require human intelligence. Machine learning operationalization management uses AI technology to ensure that machine learning models are deployed, managed and monitored effectively in production environments and enhance the end-to-end lifecycle of machine learning (ML) models. For instance, in May 2022, according to a report published by International Business Machines Corporation (IBM), a US-based technology corporation, the adoption rate of AI globally increased significantly and was at 35%, up four points from the previous year. Further, in 2022, 13% more firms are projected to have used AI than in 2021. 35% of organizations reported adopting AI in their company, 42% are considering AI for adoption, and two-thirds of the companies (66%) are either presently executing or intending to utilize AI to meet their sustainability goals. Therefore, the increasing adoption of AI technology is driving the growth of the machine learning model operationalization management (MLOPS) market.
Key Industry Players
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
The machine learning model operationalization management (mlops) market report table of contents includes:
1. Executive Summary
2. Machine Learning Model Operationalization Management (MLOPS) Market Characteristics
3. Machine Learning Model Operationalization Management (MLOPS) Market Trends And Strategies
4. Machine Learning Model Operationalization Management (MLOPS) Market – Macro Economic Scenario
5. Global Machine Learning Model Operationalization Management (MLOPS) Market Size and Growth
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32. Global Machine Learning Model Operationalization Management (MLOPS) Market Competitive Benchmarking
33. Global Machine Learning Model Operationalization Management (MLOPS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Machine Learning Model Operationalization Management (MLOPS) Market
35. Machine Learning Model Operationalization Management (MLOPS) Market Future Outlook and Potential Analysis
36. Appendix
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