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
Maximize Market Research offers a concise portrayal of the MLOps Market, presenting the most recent glimpses of market dynamics. This aids in comprehending its characteristics through a summarized perspective of the MLOps market, accentuating key aspects. This overview serves as a valuable tool for clients seeking to grasp the prevailing landscape within the MLOps industry.
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MLOps Market Report Scope and Research Methodology
The report presents a thorough examination of the size, growth, supply, demand, share, innovations, and recent advancements in the global MLOps market. Key stakeholders can utilize the provided statistics, tables, and figures, presented in easily understandable language, to facilitate strategic planning that contributes to the success of their organizations.
Furthermore, the report encompasses a detailed overview of market participants in the MLOps industry. This includes comprehensive profiles of companies, along with insights into their revenues, product specifications, production capacities/sales, pricing, and gross margin sales. Additionally, the report offers an extensive analysis of the competitive landscape within the MLOps market.
The assessment of the global and regional MLOps market size by value was conducted using a bottom-up approach. Both primary and secondary research methodologies were employed, and the resulting data from these approaches were combined to ensure the accuracy and reliability of the MLOps market report. The values presented in the report were gathered from industry experts and company representatives in the MLOps field. To ensure their credibility, these values were cross-validated through an analysis of historical data pertaining to the relevant product types and applications, thereby establishing an appropriate and comprehensive MLOps market size.
To characterize and evaluate the competitive landscape of the MLOps market, the report employs SWOT analysis and Porter’s Five Forces Analysis. These tools aid in defining and analyzing market competition, with a particular emphasis on global key players.
MLOps Market Regional Insights
The report helps clients to understand the MLOps market structure by providing detailed information of key players in each key country. It is a clear representation of local energy, economic, political and geographic variables that is essential for any meaningful assessment of possible policy options in response to the development of the MLOps market in each region. North America, Asia Pacific, Europe, South America and the Middle East and Africa are all the regions included in the report.
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.
Application: Based on ML Ops’ specialized applications, like fraud detection, predictive maintenance, recommendation engines, and others, the market for ML Ops is also divided into different submarkets. Fraud detection has been done via MLOps, where ML models are taught to spot fraudulent activities in real time. This sample application makes use of MLOps techniques to help identify phony insurance and credit card transactions. The development and application of necessary machine learning models, such as those that forecast patient outcomes or identify potential health issues before they become serious, is made simpler by MLOps in the lucrative and crucial field of predictive healthcare.
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 are:
- What are the MLOps Market segments?
- Which MLOps market segment is expected to grow rapidly during the forecast period?
- Who are the top players in the MLOps industry?
- What is the expected MLOps Market size by 2029?
- What was the MLOps Market size in 2022?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest MLOps market share in 2022?
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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