Mlops Market Size was valued at USD 1.6 Billion in 2022. The Mlops market industry is projected to grow from USD 2.2368 Billion in 2023 to USD 32.6350 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 39.80% during the forecast period (2023 - 2032). Growth in Mlops technology adoption among businesses to improve operations and productivity, as well as a rise in investments in the healthcare industry are the key market drivers fueling the market growth.
Figure 1: Mlops Market Size, 2023-2032 (USD Billion)
Organization Size: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Mlops is being driven by AI and machine learning are becoming progressively more popular. The increasing utilization of artificial intelligence (AI) and machine learning (ML) in various industries is propelling the Mlops market's swift expansion. Growing awareness of the revolutionary potential of machine learning (ML) and artificial intelligence (AI) to improve business operations, productivity, and decision-making is one of the main factors driving this upsurge. Companies are using Mlops to solve scalability and collaboration issues by automating and streamlining the entire machine learning lifecycle, from model creation to deployment and monitoring. The requirement for operational efficiency, a quicker time-to-market for machine learning models, and the optimization of model performance in dynamic business environments all contribute to the growing demand for Mlops solutions. The Mlops market is anticipated to grow steadily as long as companies continue to place a high value on data-driven insights.
The growing need for cloud-based Mlops solutions is propelling the Mlops market's notable expansion. Businesses are realizing more and more benefits from using cloud infrastructure to improve and expedite their machine-learning processes. The effectiveness of Mlops workflows is enhanced by the scalability, flexibility, and affordability of cloud platforms, which enable companies to expand their machine-learning projects with ease. Furthermore, the cloud speeds up model deployment and allows remote teams to collaborate more easily. Cloud-based Mlops solutions are becoming more and more popular due to the increasing complexity of machine learning models and the demand for quicker development cycles. As companies incorporate agility and innovation into their AI strategies, the market for Mlops is expected to grow further.
The market is positively impacted by the increasing adoption of digital and internet technologies. For instance, At the beginning of Q42023, 5.30 billion people worldwide—or 65.7% of the world's population—were Internet users. The number of people using the internet is also increasing; according to the most recent data, there were 189 million more people online worldwide in the year that ended in October 2023. Thus, driving the Mlops market revenue.
The Mlops market segmentation, based on Components includes Service, Platform. The Platform segment dominated the market, accounting for 74% of market revenue (1.184 Billion). As more companies realize how important it is to use Mlops practices to improve the reliability, scalability, and efficiency of their ML projects, the adoption of Mlops platforms is growing.
The Mlops market segmentation, based on Deployment Mode includes On-Premises, Cloud. The On-Premises segment dominated the market, accounting for 56% of market revenue. As more businesses look to internalize their ML workloads, the use of on-premise Mlops platforms has increased. Numerous factors, such as the need for more control and privacy over data and the need to make the most of existing infrastructure investments, have contributed to this trend.
The Mlops market segmentation, based on Organization Size includes Large enterprises, SMEs. The SME segment dominated the market, accounting for above one-third of market revenue. Mlops platforms give SMEs access to cutting-edge technologies, automation, scalability, affordability, and a competitive edge. These features help SMEs make better decisions, improve customer experiences, and gather insights.
The Mlops market segmentation, based on Verticalss includes BFSI, Retail and e-Commerce, Government and Defense, Healthcare and Life science, Manufacturing, and Others. The BFSI segment dominated the market, accounting for 25% of market revenue. To automate the decision-making process and lower the default risk, machine learning models can be used to evaluate a loan applicant's credit risk. To guarantee accuracy and fairness, Mlops procedures can guarantee that these models are trained on the most recent data and that they are routinely tested and validated.
Figure 2: Mlops Market, by Verticals, 2022 & 2032 (USD Billion)
Organization Size: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Mlops market area will dominate this market. It is projected that the growing investment in cutting-edge technologies like AI and Mlops to enhance customer satisfaction and business operations will offer profitable growth prospects for the Mlops market in North America.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: MLOPS MARKET SHARE BY REGION 2022 (USD Billion)
Organization Size: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Mlops market accounts for the second-largest market share because there is a growing understanding of how important Mlops are to improving and expediting machine learning workflows. The need for Mlops solutions has increased as businesses in a variety of sectors implement AI and machine learning in increasing quantities. Further, the German Mlops market held the largest market share, and the UK Mlops market was the fastest-growing market in the European region
The Asia-Pacific Mlops Market is expected to grow at the fastest CAGR from 2023 to 2032. This can be ascribed to the growing adoption of cloud-based services and the increasing penetration of digitalization, which are driving the market's expansion in this area. For instance, the Mlops Tool Map and Rural Revitalization were introduced by the China Academy of Information and Communications Technology in April 2023. This program promotes the shift in model production from dispersed small workshops to an organized, large-scale factory assembly line model, assisting organizations in enhancing the effectiveness and caliber of AI implementation.
Moreover, China’s Mlops market held the largest market share, and the Indian Mlops market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Mlops market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Mlops industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Mlops industry to benefit clients and increase the market sector. In recent years, the Mlops industry has offered some of the most significant advantages to Consumers. Major players in the Mlops market, including IBM Corp., Google LLC, Microsoft, Hewlett Packard Enterprise Development LP, Amazon Web Services Inc., and others, are attempting to increase market demand by investing in product development to increase their product line and service to diverse consumer needs.
The multinational technology and consulting firm IBM is leading the charge to transform Mlops (Machine Learning Operations). IBM has a rich history that dates back more than a century, and it has grown to become a major player in the tech sector. IBM's Mlops solutions, which are focused on cloud computing, AI, and data analytics, simplify the setup and administration of machine learning models. By utilizing their knowledge of hybrid cloud environments, IBM helps companies effectively scale and optimize their AI initiatives. The Mlops framework of the company facilitates collaboration among data scientists, developers, and operations teams by encompassing end-to-end lifecycle management. With the help of state-of-the-art technology and all-encompassing support, IBM keeps pushing the boundaries of innovation and empowering businesses to fully utilize machine learning in the ever-changing enterprise environment. January 2022, IBM and Francisco partnered, and through this partnership, Francisco purchased healthcare data and analytics assets from IBM that are now a part of Watson Health.
A cutting-edge startup, DataRobot is changing the way businesses approach data science and machine learning operations (Mlops) with its automated machine learning (AutoML) solutions. To democratize AI, DataRobot gives companies the tools they need to create, implement, and scale machine learning models effectively. Their platform facilitates collaboration between data scientists, analysts, and IT specialists by streamlining the entire machine learning lifecycle, from data preparation to model deployment. DataRobot optimizes model performance and accelerates time-to-value by integrating Mlops principles to ensure the smooth orchestration and automation of machine learning workflows. Being a pioneer in the Mlops and AI industries, DataRobot helps companies use AI to enhance competitiveness and make well-informed decisions. In July 2021, to provide agile AI solutions for a reputable customer base made up of the most exacting enterprise organizations in the financial services, media, telecommunications, retail, and manufacturing sectors, DataRobot teamed up with Moviri.
March 2023: To offer native production machine learning (ML) that is simplified, Databricks introduced Databricks Model Serving for its Databricks Lakehouse Platform. Building and maintaining complex infrastructure for intelligent applications is made simpler with Model Serving.
November 2022: IBM unveiled a new software called IBM Business Analytics Enterprise, which is intended to assist businesses in dismantling data and analytics silos so they can swiftly make decisions based on data and manage unforeseen disruptions.
Service
Platform
On-Premises
Cloud
Large Enterprise
SME’s
BFSI
Retail and e-Commerce
Government and Defense
Healthcare and Life science
Manufacturing
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.6 Billion |
| Market Size 2023 | USD 2.23683 Billion |
| Market Size 2032 | USD 32.63505 Billion |
| Compound Annual Growth Rate (CAGR) | 39.80% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Deployment Mode, Organization Size, Verticals, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | IBM Corp., Google LLC, Microsoft, Hewlett Packard Enterprise Development LP, Amazon Web Services Inc., DataRobot, Inc., Neptune Labs Inc., ALTERYX, Inc., Dataiku, GAVS Technologies N.A., Inc. |
| Key Market Opportunities | Rise in digital adoption and internet penetration |
| Key Market Dynamics | Increased as businesses in a variety of sectors implement AI and machine learning in increasing quantities. |
Frequently Asked Questions (FAQ) :
The Mlops market size was valued at USD 1.6 Billion in 2022.
The market is projected to grow at a CAGR of 39.80% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are IBM Corp., Google LLC, Microsoft, Hewlett Packard Enterprise Development LP, Amazon Web Services Inc., DataRobot, Inc., Neptune Labs Inc., ALTERYX, Inc., and Dataiku.
The Premises Category dominated the market in 2022.
The BFSI had the largest share in the market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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