MLOps Market to Hit USD 22.1 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

(I-SoftwareNews.Com, June 17, 2023 ) As per Maximize Market research, the total global market for “MLOps Market” was USD 1.06 Bn in 2022 and is expected to grow at a CAGR of 38.7 percent over the forecast period to reach USD 22.1 Bn by 2029.

MLOps Market Report Scope and Research Methodology

The MLOps Market report presents a detailed analysis using primary and secondary data to maintain the authenticity of the report. The report showed the future prospect and current market dynamics, scope, opportunities, restraints, and drivers of the MLOps Market. The statistical data is deliberated by using a bottom-up approach.

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MLOps Market Dynamics

Growing adoption of the latest technologies such as machine learning and artificial intelligence in several end-use industries is expected to propel the market growth. The market growth is supported by the rising need for regular monitoring and optimization and the demand for machine learning for these operations.

MLOps Market Regional Insights

North America is expected to grow significantly throughout the forecast period since multiple small, medium, and large enterprises and start-ups are investing in MLOps Market. The growing AI-based solutions are propelling the growth of the region’s MLOps Market.

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MLOps Market Segmentation:

By Deployment Mode:

On-Premises deployment

Installation of MLOps software

Infrastructure on the customer’s premises

Cloud-Based Deployment

Use of Cloud InfrastructureServices to host and manage the MLOps platform

By Organization Size:

Small & Medium Sized enterprises (SMEs)

Large Enterprises

By Industry Vertical:

BFSI

Healthcare

Retail

Telecommunication

Others

By Component:

Model Deployment

Model Training

Model Management

Data Management

Monitoring and Governance

By Applications:

Fraud Detection

Predictive Maintenance

Recommendation Engines

Others

MLOps Market Key Players include:

Microsoft

Amazon

Google

IBM

Dataiku

Lguazio

Databricks

DataRobot, Inc.

Cloudera

Modzy

Algorithmia

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MLOps Market to Hit USD 22.1 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation