ModelOps Market Size was valued at US$ 5.68 Billion in 2023 and is projected to grow from USD 7.86 billion in 2024 to USD 79.00 billion by 2031, exhibiting a CAGR of 39.06% during the forecast period.
Uncover Critical Market Trends @ https://www.kingsresearch.com/modelops-market-1660
Key Highlights:
ModelOps (Model Operations) is a growing market focused on the governance, deployment, monitoring, and lifecycle management of Artificial Intelligence (AI) and Machine Learning (ML) models in production.
It enables enterprises to scale AI initiatives efficiently by ensuring compliance, reliability, and performance. The market spans industries like finance, healthcare, and retail, integrating AI into business workflows seamlessly.
Key Companies in ModelOps Market:
Market Opportunities:
The evolving landscape presents numerous opportunities:
Cloud-Based ModelOps Solutions: The shift towards cloud computing offers opportunities for the development and deployment of scalable ModelOps solutions that can be accessed globally.
AI-Driven Automation: The integration of AI and ML into ModelOps platforms enables the automation of model monitoring, retraining, and deployment processes, enhancing efficiency and reducing human intervention.
Industry-Specific ModelOps Solutions: Developing tailored ModelOps solutions for specific industries, such as healthcare, finance, and manufacturing, can address unique challenges and compliance requirements, driving market growth.
By Region:
North America: Leading the market due to early adoption of AI technologies and stringent regulatory requirements.
Europe: Experiencing growth driven by data protection regulations and increasing AI investments.
Asia Pacific: Projected to register the highest CAGR, fueled by rapid digital transformation and AI initiatives in countries like China, India, and Japan.
Conclusion:
The ModelOps market is poised for substantial growth as organizations seek to operationalize AI and ML models at scale. By providing frameworks for model deployment, monitoring, and governance, ModelOps ensures that AI systems deliver consistent performance, comply with regulatory standards, and contribute to business objectives. As the market evolves, opportunities abound for innovation, collaboration, and the development of tailored solutions to meet the diverse needs of industries worldwide.
Related Reports and Latest Industry Development News:
AirKamuy raises ¥100M in pre-seed defense tech funding
Mitsubishi Electric Acquires Irish’s Ascension Lifts Limited
SORACOM Flux Adds Math Function for IoT Data Analysis
About us
At the core of our mission, we strive to drive revenue impact for our clients through exceptional research strategies. With a focus on exclusivity, innovation, and real-time insights, we provide accurate, reliable, and actionable market research data. This empowers our clients to seize opportunities, navigate risks, optimize their strategies effectively, and build the businesses of tomorrow.
Uncover Critical Market Trends @ https://www.kingsresearch.com/modelops-market-1660
Key Highlights:
- The ModelOps industry size was valued at USD 5.68 billion in 2023.
- The market is projected to grow at a CAGR of 39.06% from 2024 to 2031.
- North America held a market share of 33.24% in 2023, with a valuation of USD 1.89 billion.
- The platform segment garnered USD 3.29 billion in revenue in 2023.
- The machine learning segment is expected to reach USD 21.17 billion by 2031.
- The continuous integration/continuous deployment segment is expected to reach USD 19.40 billion by 2031.
- The BFSI segment is expected to reach USD 17.70 billion by 2031.
- The market in Asia Pacific is anticipated to grow at a CAGR of 40.17% during the forecast period.
ModelOps (Model Operations) is a growing market focused on the governance, deployment, monitoring, and lifecycle management of Artificial Intelligence (AI) and Machine Learning (ML) models in production.
It enables enterprises to scale AI initiatives efficiently by ensuring compliance, reliability, and performance. The market spans industries like finance, healthcare, and retail, integrating AI into business workflows seamlessly.
Key Companies in ModelOps Market:
- IBM
- SAS Institute Inc.
- Databricks
- C3.ai, Inc.
- Domino Data Lab, Inc.
- ModelOp
- DataKitchen, Inc.
- Teradata
- Datatron
- iFusion
- Azilen Technologies
- Giggso
- Domo, Inc.
- The MathWorks, Inc.
- Cloud Software Group, Inc.
Market Opportunities:
The evolving landscape presents numerous opportunities:
Cloud-Based ModelOps Solutions: The shift towards cloud computing offers opportunities for the development and deployment of scalable ModelOps solutions that can be accessed globally.
AI-Driven Automation: The integration of AI and ML into ModelOps platforms enables the automation of model monitoring, retraining, and deployment processes, enhancing efficiency and reducing human intervention.
Industry-Specific ModelOps Solutions: Developing tailored ModelOps solutions for specific industries, such as healthcare, finance, and manufacturing, can address unique challenges and compliance requirements, driving market growth.
By Region:
North America: Leading the market due to early adoption of AI technologies and stringent regulatory requirements.
Europe: Experiencing growth driven by data protection regulations and increasing AI investments.
Asia Pacific: Projected to register the highest CAGR, fueled by rapid digital transformation and AI initiatives in countries like China, India, and Japan.
Conclusion:
The ModelOps market is poised for substantial growth as organizations seek to operationalize AI and ML models at scale. By providing frameworks for model deployment, monitoring, and governance, ModelOps ensures that AI systems deliver consistent performance, comply with regulatory standards, and contribute to business objectives. As the market evolves, opportunities abound for innovation, collaboration, and the development of tailored solutions to meet the diverse needs of industries worldwide.
Related Reports and Latest Industry Development News:
AirKamuy raises ¥100M in pre-seed defense tech funding
Mitsubishi Electric Acquires Irish’s Ascension Lifts Limited
SORACOM Flux Adds Math Function for IoT Data Analysis
About us
At the core of our mission, we strive to drive revenue impact for our clients through exceptional research strategies. With a focus on exclusivity, innovation, and real-time insights, we provide accurate, reliable, and actionable market research data. This empowers our clients to seize opportunities, navigate risks, optimize their strategies effectively, and build the businesses of tomorrow.
Attachments
-
ops.png