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The model serving platforms market is forecasted to grow by USD 10.04 billion during 2024-2029, accelerating at a CAGR of 40.9% during the forecast period. The report on the model serving platforms market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation and increasing complexity of AI models, particularly generative AI, escalating demand for real-time, low-latency AI applications, and maturation of mlops and intensified focus on governance, risk, and compliance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The model serving platforms market is segmented as below:
By Type
- Machine learning models
- Deep learning models
- Large language models
By Deployment
- Cloud
- On premises
By End-user
- BFSI
- IT and telecom
- Healthcare
- Manufacturing
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the exponential growth of generative AI and large language models as one of the prime reasons driving the model serving platforms market growth during the next few years. Also, maturation of mlops and imperative for robust governance and democratization of AI and pursuit of cost-effective scalability will lead to sizable demand in the market.
The report on the model serving platforms market covers the following areas:
- Model Serving Platforms Market sizing
- Model Serving Platforms Market forecast
- Model Serving Platforms Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading model serving platforms market vendors that include Alibaba Cloud, Amazon Web Services Inc., Baidu Inc., Databricks Inc., Dataiku Inc., DataRobot Inc., Domino Data Lab Inc., Evidently AI, Google LLC, H2O.ai Inc., Iguazio Ltd., International Business Machines Corp., Microsoft Corp., MindsDB., NVIDIA Corp., Oracle Corp., SAS Institute Inc., Seldon Technologies, TIBCO Software Inc., and Valohai. Also, the model serving platforms market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global model serving platforms market: Alibaba Cloud, Amazon Web Services Inc., Baidu Inc., Databricks Inc., Dataiku Inc., DataRobot Inc., Domino Data Lab Inc., Evidently AI, Google LLC, H2O.ai Inc., Iguazio Ltd., International Business Machines Corp., Microsoft Corp., MindsDB., NVIDIA Corp., Oracle Corp., SAS Institute Inc., Seldon Technologies, TIBCO Software Inc., and Valohai.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is exponential growth of generative ai and large language models."
According to the report, one of the major drivers for this market is the proliferation and increasing complexity of ai models, particularly generative ai.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alibaba Cloud
- Amazon Web Services Inc.
- Baidu Inc.
- Databricks Inc.
- Dataiku Inc.
- DataRobot Inc.
- Domino Data Lab Inc.
- Evidently AI
- Google LLC
- H2O.ai Inc.
- Iguazio Ltd.
- International Business Machines Corp.
- Microsoft Corp.
- MindsDB.
- NVIDIA Corp.
- Oracle Corp.
- SAS Institute Inc.
- Seldon Technologies
- TIBCO Software Inc.
- Valohai
