Get 20% Off Market Intelligence Reports With Code ONLINE20 – Track Global Tariffs, Economic Shifts, and Sector Transformations
What Are the Key Factors Driving ModelOps Market Size and Growth?
The modelops market size has grown exponentially in recent years. It will grow from $5.62 billion in 2024 to $7.97 billion in 2025 at a compound annual growth rate (CAGR) of 41.8%. The growth in the historic period can be attributed to the increasing use of machine learning, the explosion of big data, the demand for real-time or near-real-time decision-making, rising automation, and rising need for model governance and compliance.
The modelops market size is expected to see exponential growth in the next few years. It will grow to $32.18 billion in 2029 at a compound annual growth rate (CAGR) of 41.7%. The growth in the forecast period can be attributed to rising cloud computing adoption, increasing focus on data security and privacy concerns, rising growth in the telecommunications industry, growth in data generation, and growth of small and medium-sized enterprise. Major trends in the forecast period include integrating internet of things (IoT) devices, self-optimizing and adaptive models, and no-code/low-code modelops platforms, Advancements In Modelops Solutions, and technological advancements.
Claim your free report sample now:
Who Are the Major Contributors to the ModelOps Market Growth?
The rising growth in the telecommunications industry is expected to propel the growth of the modelops market going forward. The telecommunications industry provides infrastructure and services for transmitting data, voice, and video through wired and wireless networks. The telecommunications industry is rising due to several reasons, including 5G deployment, cloud and edge computing, rural connectivity initiatives, and digital transformation. Modelops help the telecommunications industry by automating the deployment and management of artificial intelligence models, improving network performance, and enhancing customer experiences. For instance, in according to the Annual Report 2023 released by Deutsche Telekom, a Germany-based telecommunications company, global telecommunications service revenue increased by 3.3% year-on-year in 2023, In Europe, the average monthly mobile data consumption per user rose to 16 GB, marking a 23% annual growth. Therefore, the rising growth of the telecommunications industry is driving the growth of the modelops market.
How Is the ModelOps Market Divided by Type and Application?
The modelopsmarket covered in this report is segmented –
1) By Model Type: Machine Learning (ML) Models, Graph-Based Models, Rule And Heuristic Models, Linguistic Models, Agent-Based Models, Bring Your Own Models, Other Model Types
2) By Offering: Platforms, Deployment Mode, Services
3) By Application: Continuous Integration And Continuous Deployment, Batch Scoring, Governance, Risk And Compliance, Parallelization And Distributed Computing, Monitoring And Alerting, Dashboard And Reporting, Model Lifecycle Management, Other Application
4) By Verticals: Banking, Financial Services And Insurance, Retail And E-Commerce, Healthcare And Life Sciences, Telecommunications, Information Technology (IT) And Information Technology Enabled Services (ITeS), Energy And Utilities, Manufacturing, Transportation And Logistics, Government And Defense, Other Verticals
Subsegments:
1) Machine Learning (ML) Models: Supervised Learning Models, Unsupervised Learning Models, Reinforcement Learning Models, Deep Learning Models
2) Graph-Based Models: Knowledge Graphs, Graph Neural Networks (GNNs), Social Network Analysis Models, Recommendation System Models
3) Rule And Heuristic Models: Decision Tree Models, Expert Systems, Workflow Automation Models, Business Rule Engines
4) Linguistic Models: Natural Language Processing (NLP) Models, Sentiment Analysis Models, Text Classification Models, Speech Recognition Models
5) Agent-Based Models: Multi-Agent Simulation Models, Behavioral Models, Autonomous Systems Models, Game-Theoretic Models
6) Bring Your Own Models (BYOM): Customized Proprietary Models, Pre-Trained Models from Third-Party Sources, Open-Source Models, Vendor-Specific Adaptable Models
7) Other Model Types: Predictive Analytics Models, Probabilistic Models, Optimization Models, Hybrid Models (Combination of Two or More Types)
Which Trends Are Positively Affecting the ModelOps Market Expansion?
Major companies operating in the modelops market are focusing on developing innovation, such as self-service access to select algorithms and manage models without extensive programming knowledge. Self-service access refers to enabling users, such as data scientists and developers, to independently deploy, manage, and monitor machine learning models without relying on IT teams. For instance, in July 2022, TIBCO Software Inc., a US-based software development company, launched TIBCO ModelOps designed to enhance the deployment and management of AI models across enterprises. A new ModelOps solution accelerates AI deployment by utilizing expertise in data science, visualization, and business intelligence. It addresses key challenges such as bias mitigation, algorithm transparency, and easy integration with business applications. The platform supports all model formats, enabling seamless deployment in cloud or on-premises environments with full governance. This solution enhances scalability and control, allowing businesses to manage thousands of models efficiently.
Who Are the Emerging Players in the ModelOps Market?
Major companies operating in the modelops market are Microsoft Corporation, International Business Machines Corporation (IBM), Oracle Corporation, SAS Institute Inc., Teradata Corporation, Alteryx Inc., TIBCO Software Inc., C3.ai Inc., Veritone Inc., Minitab LLC, H2O.ai Inc., LeewayHertz Technologies LLC, Signity Solutions, DataKitchen Inc., Xenonstack Inc., ModelOp Inc., Datatron Technologies Inc., Verta Inc., Sparkling Logic Inc., Superwise.ai
Get the full modelops market report here:
How Is Regional Performance Expected to Affect ModelOps Market Growth?
North America was the largest region in the modelops market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modelops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
Comments
Post a Comment