Global AI And Machine Learning Operationalization Software Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
Market Growth and Forecast
- The AI and machine learning operationalization software market has grown from $3.77 billion in 2023 to $5.36 billion in 2024, with a CAGR of 42.4%.
- Projected to reach $22.33 billion by 2028, growing at a CAGR of 42.9%, driven by urbanization and the rise of AutoML.
Drivers of Market Expansion
Increased Internet Penetration
- Global internet penetration reached 66% in 2022, facilitating AI and ML model deployment and management.
- Simplifies data access, collaboration, and scalability across various devices and regions.
Major Companies and Innovations
Key Players in AI Operationalization
- Amazon Web Services, Google LLC, Microsoft, Intel, IBM, Oracle, SAP, among others.
- Focus on technological advancements and industry-specific solutions for operational efficiency.
Technological Advancements
- Introduction of serverless AI and ML engines like Teradata AI Unlimited on AWS.
- Supports scalable AI experimentation and deployment without server management complexities.
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Industry Developments and Acquisitions
Bain & Company’s Acquisition of Max Kelsen
- Acquisition enhances AI and ML operationalization capabilities, focusing on high-impact use cases.
- Strengthens market position in delivering advanced operationalization solutions.
Market Segmentation
Segmentation of AI Operationalization
- By Product Type: Cloud-based, Web-based
- By Functionality: Model Training, Deployment, Monitoring, Workflow Automation
- By Application: Large Enterprises, SMEs
- By Industry: Manufacturing, Finance, Healthcare, Retail, IT, Telecom, Others
Regional Insights
Regional Dynamics
- North America: Dominated the market in 2023, driven by technological advancements and early adoption.
- Asia-Pacific: Expected to lead growth in the forecast period, fueled by increasing digital transformation initiatives.
Conclusion
The AI and machine learning operationalization software market is poised for significant growth, driven by technological advancements, increasing internet penetration, and the adoption of AutoML. As companies focus on enhancing operational efficiency and scalability, innovations in serverless AI engines and strategic acquisitions will continue to shape the market landscape. This dynamic sector promises to revolutionize industries across the globe, catering to diverse needs from large enterprises to SMEs in various sectors.
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The AI And Machine Learning Operationalization Software Global Market Report 2024 provides an overview of the AI and machine learning operationalization software market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The AI and machine learning operationalization software market forecast analyzes AI and machine learning operationalization software market size, AI and machine learning operationalization software market share, leading competitor and their market positions.
The Table Of Content For The AI And Machine Learning Operationalization Software Market Include:
1. AI And Machine Learning Operationalization Software Market Executive Summary
2. AI And Machine Learning Operationalization Software Market Segments
3. AI And Machine Learning Operationalization Software Market Size And AI And Machine Learning Operationalization Software Market Growth Rate
4. Key AI And Machine Learning Operationalization Software Market Trends
5. Major AI And Machine Learning Operationalization Software Market Drivers
……
25. Key Mergers And Acquisitions In The AI And Machine Learning Operationalization Software Market
26. Top AI And Machine Learning Operationalization Software Companies
27. AI And Machine Learning Operationalization Software Market Opportunities And Strategies
28. AI And Machine Learning Operationalization Software Market, Conclusions And Recommendations
29. Appendix
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