Global ModelOps Market is market is valued at USD 5.4 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 40.28% over the forecast period 2024-2032. ModelOps (Model Operations) refers to the end-to-end process of deploying, monitoring, managing, and scaling machine learning (ML) and artificial intelligence (AI) models in production environments. It encompasses a wide range of activities, including model versioning, governance, compliance, and performance monitoring. ModelOps aims to bridge the gap between data science and IT operations by ensuring that models are deployed efficiently and perform reliably in real-world applications. By automating and streamlining the operationalization of models, ModelOps helps organizations quickly derive value from their AI and ML investments, maintain model accuracy over time, and comply with regulatory requirements. This discipline is crucial for enterprises looking to scale their AI initiatives and integrate models seamlessly into their business processes.
The Global ModelOps Market is driven by integration of ModelOps with DevOps and DataOps frameworks represents a significant driver for the market. This synergy enhances operational efficiency, streamlines workflows, and bridges the gap between model development and deployment. Furthermore, the demand for ModelOps is bolstered by the surge in data volumes requiring advanced analytics solutions capable of processing and interpreting vast datasets swiftly and accurately. However, challenges possess model interpretability and explainability pose restraints. Organizations often grapple with understanding and validating complex models, which can hinder broader adoption.
The key regions considered for the Global ModelOps Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America stands out as a dominant region in the ModelOps market. This leadership is underpinned by robust technological infrastructure, including cloud computing and analytics platforms, and a concentration of global enterprises. The region's regulatory environment, skilled workforce, and academic contributions further reinforce its market position. Organizations in North America leverage ModelOps to enhance model deployment, ensure compliance, and foster innovation. Furthermore, the market in Asia Pacific is anticipated to develop at the fastest rate over the forecast period 2024-2032.
Major market players included in this report are:
IBM
Google
Oracle
SAS Institute
AWS
Teradata
Palantir
Veritone
Altair
c3.ai
The detailed segments and sub-segment of the market are explained below:
By Offering:
Platforms
Deployment Mode
Services
By Model Type:
ML Models
Graph-Based Models
Rule & Heuristic Models
Linguistic Models
Agent-Based Models
Bring Your Own Models
Other Model Types
By Application:
Continuous Integration/Continuous Deployment
Batch Scoring
Governance, Risk and Compliance
Parallelization & Distributed Computing
Monitoring & Alerting
Dashboard & Reporting
Model Lifecycle Management
Others
By Verticals:
BFSI
Retail & eCommerce
Healthcare & Life sciences
Telecommunications
IT/ITeS
Energy & Utilities
Manufacturing
Transportation & Logistics
Government & Defense
Other Verticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market