Are you curious about the market size of MLOps? Well, you’ve come to the right place! In this article, we’ll dive into the world of MLOps and explore its market size. But before we do that, let’s first understand what MLOps is.
Understanding MLOps
MLOps, also known as Machine Learning Operations, is the practice of managing and deploying machine learning models in a systematic and efficient way. It involves the collaboration of various teams like data scientists, DevOps, and IT teams to ensure that the machine learning models are deployed and maintained in a production environment.
MLOps helps in automating the entire machine learning workflow, from data preparation to model deployment, monitoring, and management. It enables organizations to scale their machine learning operations by providing a standardized and repeatable process.
MLOps Market Size
Now that we understand what MLOps is, let’s explore its market size. According to a report by MarketsandMarkets, the MLOps market size is expected to grow from USD 1.7 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.4%.
The report highlights that the increasing adoption of AI and machine learning technologies, the need for faster deployment of machine learning models, and the growing demand for automated model selection are the major factors driving the growth of the MLOps market.
Anecdotes and Random Facts About MLOps
Did you know that Airbnb uses MLOps to manage its machine learning models? The company has built an MLOps platform called Zipline, which enables data scientists to quickly and easily deploy their models into production.
Another interesting fact is that MLOps is not just limited to the tech industry. In fact, the healthcare and finance sectors are also adopting MLOps to improve their operations and decision-making processes.
Conclusion
In conclusion, the MLOps market size is expected to grow significantly in the coming years, driven by the increasing adoption of AI and machine learning technologies. MLOps enables organizations to scale their machine learning operations and improve their decision-making processes. So, if you’re interested in the world of machine learning, MLOps is definitely a field to watch out for!