About MLOps
The machine learning operating emerged in 2020, recently it is widely used in artificial intelligence and machine learning. The increase in the number of AI technology implementations in organizations is driving the demand for tools and processes to develop and deploy production-ready machine learning models. There is some major trend in this industry are ML Models Becomes Foundational to Many Sectors, Data Scientists Move Closer to DevOps, ML Models Become Scalable, and Model Assets are No Longer Hiding in the Dark.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 39.3% |
The leading market players those are contributing high market share and generating huge revenue are exploring various market growth opportunities by expanding their footprint in new geographical regions, or by acquisitions, expansions, R&D investments, new service launches and many other. The market-leading players are discovering new growth areas through expansions and acquisitions across the globe to benefit from competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global MLOps market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
H2O.ai, Inc. (United States), Iguazio (United States), Algorithmia Inc. (United States), Amazon SageMaker (United States), SAS (United States), Azure Machine Learning (United States), Hopworks (United States), Pachyderm Inc. (United States), Google Cloud (United States) and Open ML (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dataiku (United States), Alteryx (United States) and Domino Data Lab, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global MLOps market by Type (Data Management {Data Exploration & Management, Data Labelling, Data Streaming, Data Version Control, and Others}, Modeling {Data Processing & Visualization, Model Training, Model Optimization, and Others}, Continuous Development {Feature Transformation, Monitoring, Model Deployment & Serving, and Others} and Computing & Resource {Scaling, Security & Privacy, Resource Allocation, and Others}) and Region.
On the basis of geography, the market of MLOps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the MLOps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Data Scientists will boost the MLOps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Financial Services will boost the MLOps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the MLOps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The market-leading platforms are adapting business strategies to position themselves as holistic platforms
Market Growth Drivers:
Development in Artificial Intelligence Industry. According to the stats, by the year 2027, the North America Artificial Intelligence Industry Expected to reach USD 99.4 billion and Increase in Difficulty of Building Machine Learning Systems
Challenges:
Lack of Awareness
Restraints:
Lack of Skilled Labor and Complexity in Procedure
Opportunities:
Increase Adoption of Machine Leading Across Banking Sector
Market Leaders and their expansionary development strategies
In January 2024, HiddenLayer, the leading security provider for artificial intelligence (AI) models and assets, today announced a new partner program to empower enterprises with complete AI protection including rapid threat detection and security across the entire MLOps lifecycle.
In January 2024, TIER IV announces the initiation of the Co-MLOps (Cooperative Machine Learning Operations) Project. This new endeavor is aimed at scaling the development of AI (Artificial Intelligence) for autonomous driving. The deployment of the Co-MLOps Platform, developed under this project, will enable the global sharing of managed sensor data, including camera images and LiDAR (Light Detection and Ranging) point clouds, sourced from various regions.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Service Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.