MLOps Market Size, Share, Growth Analysis, By Infrastructure(Data Infrastructure and Model Infrastructure), By Data Management(Data Pipeline Management and Data Versioning), By Region - Industry Forecast 2024-2031

Global 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).

MLOps is the technology that empowers production-level machine learning. On the contrary, latest MLOps trends and predictions are emerging to meet the evolving challenges in scaling machine learning. The emerging advanced MLOps applications can solve a variety of human error and quality issues.

Hence, many organizations such as healthcare, IT, retail, and other sectors are adopting MLOps due to its benefits. This factor creates lucrative growth opportunities in the market. Surge in digital and internet penetration around the world is positively impacting the growth of the market.

In addition, increase in adoption of MLOps technology across enterprises to enhance operation & productivity, strengthens the growth of the market for the future. Furthermore, increasing investments in the healthcare sector is expected to provide the lucrative growth opportunities for the market during the forecast period.

Moreover, MLOps help to reduce costs over the entire machine learning lifecycle, creating numerous opportunities for market growth in the upcoming years. However, inaccessible data and data security, rigid business models and lack of engineering skills, hamper the MLOps market growth.

US MLOps Market is poised to grow at a sustainable CAGR for the next forecast year.