MLOps Market Size Skyrockets as Machine Learning Operations Revolutionize Data-Driven Decision-Making Processes
MLOps market is propelled by the need for automated, scalable, and efficient machine learning workflows, increased AI adoption, and data-driven decision-making.
PORTLAND, OREGON, UNITED STATES, October 26, 2023 /EINPresswire.com/ — The MLOps market was valued at $983.64 million in 2021, and is estimated to reach $23.1 billion by 2031, growing at a CAGR of 37.5% from 2022 to 2031.
AI and ML practices are no longer the luxury of research institutes or technology giants, they are becoming an integral part of any modern business application. According to analysts, most organizations fail to successfully deliver AI-based applications and are stuck in the process of turning data-science models, which were tested on sample or historical data, into interactive applications which work with real-world and large-scale data.
Request Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/47769
A new engineering practice called MLOps has emerged to address the challenges. As the name indicates, it combines AI/ML practices with DevOps practices, and its goal is to create continuous development and delivery (CI/CD) of data and ML intensive applications. For instance, the year 2023 will also experience an expansion of AI and MLOps across various organizations, decreased time to market for AI projects, and for organizations using online feature stores to enable real-time use cases to be implemented.
Furthermore, key market players are exploring new technologies and applications to meet the increase in customer demands. Product launches, collaborations, and acquisitions are expected to enable them to expand their product portfolios and penetrate different regions. Emerging economies provide lucrative opportunities to market players for expansion.
If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/47769
On the basis of industry vertical, the IT and telecom sector dominated the MLOps market size in 2021 and is expected to continue this trend during the forecast period. The IT and Telecom industry are implementing MLOps, to make the best decisions for continuing to be successful in the marketplace. These factors will notably contribute towards the growth for MLOps in this industry.
However, healthcare sector highest growth market share in the upcoming year. The adoption of MLOps helps healthcare companies to address the issues such as securities, regulations, financial factors, and standards which are in the path of the digital transformation process. Thus, provide the lucrative growth opportunities for the market in the upcoming years.
Buy Now & Get Exclusive Discount on this Report (325 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/mlops-market/purchase-options
Region-wise, North America dominated the market share in 2021 for the MLOps market. Adoption of MLOps growing steadily to meet increasing demands from today’s businesses to enhance their business process and improve the customer experience will provide lucrative opportunities for the market in this region. In addition, North America is expected to exhibit high growth potential, as biopharmaceutical companies in this region are increasingly adopting MLOps for various applications such as research, drug discovery, and clinical trials, which is significantly fueling the growth of MLOps industry. However, Asia-Pacific is expected to exhibit highest growth during the forecast period. This is attributed to increase in penetration of advanced technology such as AI/ML big data and others, are particularly fueling regional market growth. In addition, surge in digitalization toward business operation, is projected to provide lucrative opportunities for the MLOps market forecast.
The key players that operate in the MLOps market analysis are Akira AI, Alteryx, Amazon Web Services, Inc., Cloudera, Inc., Databricks, Inc., DataRobot, Inc., GAVS Technologies, Google LLC, IBM Corporation and Microsoft Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the MLOps industry.
Inquire Here Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/47769
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
