PUBLISHER: KBV Research | PRODUCT CODE: 1649345
PUBLISHER: KBV Research | PRODUCT CODE: 1649345
The Latin America, Middle East and Africa ModelOps Market would witness market growth of 43.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA ModelOps Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,203.1 million by 2031. The Argentina market is showcasing a CAGR of 44.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 41.8% during (2024 - 2031).
The integration of this with other operational frameworks, such as DevOps and MLOps, is another significant trend shaping the market. While DevOps focuses on automating and streamlining the development and deployment of software applications, and MLOps extends these principles to machine learning workflows, this takes a broader approach by addressing the unique challenges of operationalizing AI models.
The economic benefits of ModelOps cannot be overlooked. Organizations can significantly reduce operational overhead and resource consumption by automating model lifecycle management. This translates into cost savings, faster time-to-market for AI solutions, and improved return on investment (ROI) for AI projects. Furthermore, they empowers organizations to expand their artificial intelligence operations without a corresponding rise in operational complexity, thereby rendering it a cost-effective solution for enterprises of varying sizes.
Government initiatives across LAMEA, aimed at fostering AI adoption and innovation, create a supportive ecosystem for ModelOps. Brazil, recognized as the largest economy in Latin America, is experiencing significant expansion in the retail and e-commerce sectors, thereby driving an increased demand for this. E-commerce platforms increasingly adopt AI for dynamic pricing, personalized recommendations, and inventory optimization. The adoption of Industry 4.0 technologies, including AI, is reshaping the manufacturing landscape, with AI models used for predictive maintenance, process optimization, and quality assurance. These platforms enable manufacturers to manage the lifecycle of these AI models effectively, ensuring consistent performance and scalability. The government's investments in AI research and industrial innovation through initiatives such as the National Strategy for Data & AI (NSDAI) have further boosted the adoption of AI and ModelOps in the manufacturing sector. As Saudi Arabia accelerates its industrial modernization, this is becoming essential for operationalizing AI in high-stakes environments. Thus, with its varied industries and growing digital transformation, LAMEA offers significant potential for expanding these solutions.
Based on Offering, the market is segmented into Platforms, and Services. Based on Model, the market is segmented into ML Models, Graph-Based Models, Rule & Heuristic Models, Linguistic Models, and Agent-Based Models & Others. Based on Deployment, the market is segmented into Cloud, and On-Premise. Based on Vertical, the market is segmented into BFSI, Retail & E-Commerce, Healthcare & Life Sciences, Manufacturing, IT & Telecommunications, Transportation & Logistics, and Energy, Utilities & Others. Based on Application, the market is segmented into Continuous Integration/ Continuous Deployment, Model Lifecycle Management, Batch Scoring, Governance, Risk & Compliance, Monitoring & Alerting, Parallelization & Distributed Computing, Dashboard & Reporting, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA ModelOps Market Report Segmentation
By Offering
By Model
By Deployment
By Vertical
By Application
By Country