MLOps Market Segmentation, Future Prospects and Opportunity Assessment

Jonytoal31 Aug, 2023Business

The MLOps Market size is projected to grow from USD 1.1 billion in 2022 to USD 5.9 billion by 2027, at a CAGR of 41.0% during the forecast period, according to a new report by MarketsandMarkets?. Monitorability and Scalability has fueled the demand of MLOps. Moreover, standardizing ML processes for effective teamwork is expected to drive the market growth for MLOps Market. 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.