What is the global market size of MLOps Market?

MLOps Market size was valued at USD 1.10 billion in 2022 and is poised to grow from USD 1.55 billion in 2023 to USD 24.23 billion by 2031, growing at a CAGR of 41% during the forecast period (2024-2031).

Who are the key vendors in the Global MLOps Market?

The global MLOps market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of MLOpss. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'IBM (US)', 'Microsoft (US)', 'Google (US)', 'AWS (US)', 'HE (US)', 'GAVS Technologies (US)', 'DataRobot (US)', 'Cloudera (US)', 'Altery (US)', 'Domino Data Lab (US)', 'Valohai (US)', 'H20.ai (US)', 'MLflow (Netherlands)', 'Neptune. ai (Europe)', 'Comet (US)', 'SparkCognition (US)', 'Hopsworks (Europe)', 'Datatron (US)', 'Weights & Biases (US)', 'Katonic.ai (Australia)'.

What is the key driver of Global MLOps Market?

Manual data reprocessing and collecting are ineffective and might produce unsatisfactory results. MLOps helps for automating the whole ML model workflow. This includes data gathering, model construction, testing, retraining, and development. MLOps help companies save time and reduce error rates. Collaboration is seen between IT and business personnel, as well as data scientists and engineers, for the company-wide adoption of ML models. Businesses can standardize ML operations and establish a standardized language for all participants due to MLOps principles. This reduces compatibility problems and quickens the construction and deployment of modelling processes.

What is the key market trend for Global MLOps Market?

Few key market trends in the global MLOps market are MLOps platforms incorporating more automation features, such as auto-model selection and auto-tuning. This is helping businesses to reduce the time and cost of model development. Many MLOps platforms are cloud-based, as they offer scalability and flexibility to businesses. Cloud providers are also offering more machine learning services, such as automatic model deployment and monitoring. Collaboration between data scientists and IT operations teams is key to effective MLOps. Platforms are incorporating collaboration features to facilitate this. As machine learning models become more complex, it is becoming increasingly important to understand how they make decisions. Explainable AI is a trend in MLOps that aims to provide insight into why machine learning models make certain decisions. As more sensitive data is being used in machine learning models, ensuring security is crucial. MLOps platforms are incorporating security features to protect sensitive data and prevent cyber attacks.

Which region accounted for the largest share in Global MLOps Market?

North America followed by Asia Pacific is one of the leading markers for MLOps in terms of market share. Countries, such as the US and Canada, are adopting ML technology in multiple application areas, propelling the growth of MLOps in this region. In the North American MLOps market, the US is considered one of the major contributors. The presence of prominent technology providers, such as IBM (US), Google (US), Microsoft (US), HPE (US), and AWS (US), is complementing the growth of the market in this region. The presence of such established MLOps companies and the emergence of new start-ups will strengthen the outlook of this region and enable it to witness a significant increase in investments and early adoption of Artificial Intelligence technology.

MLOps Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to mlops market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

MLOps Market News

In November 2023, DataRobot launched a new partnership with Cisco and therefore announced the MLOps solution co-developed with partner Evolutio for the Cisco FSO or Full-Stack Observability platform. This new software, introduced, helps in optimizing and in scaling installations, thereby economically benefiting customers and providing business-grade observability for both predictive AI and generative Al.
In April 2023, MLflow released MLflow 2.3 - the updated version of this open-source ML platform for LLMOps and more; with creative features, enhancing its ability to implement large language models (LLM), as well as to integrate other machine learning processes with LLMs.
In March 2023, Striveworks and Microsoft collaborated to make the Chariot MLOps platform available to the market at large. Through the integration, businesses can use the Strivework, Chariot platform to perform their entire model lifecycle on Azure's scalable infrastructure.

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MLOps Market size was valued at USD 1.55 Billion in 2023 and is poised to grow from USD 2.19 Billion in 2024 to USD 34.16 Billion by 2032, growing at a CAGR of 41% during the forecast period (2025-2032).

Key players in the highly competitive MLOps market are Microsoft, Google, IBM, Amazon Web Services (AWS), and DataRobot. They are full-fledged platforms to develop, deploy, and manage machine learning models. More specialized solutions started coming for startups and specialty companies in areas such as automation, model monitoring, and healthcare. Strategic alliances, acquisitions, and continuous innovation shape the competitive landscape of such a highly dynamic industry. 'IBM (US)', 'Microsoft (US)', 'Google (US)', 'AWS (US)', 'HE (US)', 'GAVS Technologies (US)', 'DataRobot (US)', 'Cloudera (US)', 'Altery (US)', 'Domino Data Lab (US)', 'Valohai (US)', 'H20.ai (US)', 'MLflow (Netherlands)', 'Neptune. ai (Europe)', 'Comet (US)', 'SparkCognition (US)', 'Hopsworks (Europe)', 'Datatron (US)', 'Weights & Biases (US)', 'Katonic.ai (Australia)'

Integrating MLOps in Healthcare: AI/ML is gradually turning out to be the backbench support for this industry, be it image analysis in healthcare, customization of treatment, or predictive modeling. MLOps solutions are increasingly utilized to speed up the construction and deployment of models while remaining scalable and meeting healthcare industry standards. The increasing need for cutting-edge healthcare technology and better patient outcomes is driving the use of MLOps platforms, which enable better decision-making and effective healthcare delivery.

Since North America had many developed economies and research institutes and some top Al firms, the region held the dominant position in 2024. North America contributed over 41% of revenue in the global market in the year 2024. Its growth prospect will be larger as its investment to develop cutting-edge technology is witnessed for making a customer-friendly better corporate process. It has also significantly invested in Al-related technology in the last couple of years and developed great R&D skills with Al. They also came up with legislation to make further progress in the industry. For instance, an open-source startup called Allegro AI in December 2022 stated that it was a historic growth year for the company, breaking new highs in user base, revenues, and partnerships.

MLOps Market Updates

MLOps Market News

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FAQs

What is the global market size of MLOps Market?

Who are the key vendors in the MLOps Market?

What is the key driver of MLOps Market?

What is the key market trend for MLOps Market?

Which region accounted for the largest share in MLOps Market?

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