ModelOps Market Booms, Projected to Reach USD 103.8 Billion by 2033
The ModelOps market is booming, projected to reach USD 103.8 billion by 2033, growing at a staggering CAGR of 39.2%. This rapid expansion is fuelled by the integration of cloud computing, DevOps practices, and compliance tools, enabling scalable and secure model management.
Starting from a base of USD 3.8 billion in 2023, the market is expected to grow exponentially. This growth is driven by the surge in AI and ML model deployment across various industries. ModelOps, which facilitates the management of models from development to production, is a key enabler for global AI-driven productivity. It improves decision-making, boosts automation in sectors like manufacturing and banking, and enhances predictive capabilities in healthcare.
However, the rising demand for compute-intensive environments has led to supply chain constraints in AI chips and cloud resources. To navigate this, businesses are implementing strategic measures such as integrating ModelOps with MLOps and DataOps, adopting cloud-native and hybrid deployment models, and investing in workforce upskilling. Companies like Tecnotree, known for AI and cloud-native platforms, are influencing related technological advancements through their innovations in AI and digital operations.
With a projected market size of USD 103.8 billion by 2033, the ModelOps market presents a significant opportunity. Its growth, driven by AI and ML adoption, is expected to add over USD 15 trillion to the global economy by 2030. As the market expands, businesses are adapting their strategies to succeed in this competitive landscape.
