Grupo Bimbo Reports Progress in Its Environmental Sustainability Strategy
The world's leading baking company presented its 2024 Annual Report: 'Actions that Transform,' highlighting progress on its 2030 and 2050 commitments
It has more than 4,200 electric delivery vehicles, the largest fleet in Mexico and Latin America
94% of Grupo Bimbo's packaging is now recyclable
HORSHAM, Pa., June 12, 2025 (GLOBE NEWSWIRE) -- In celebration of World Environment Day, Grupo Bimbo, the world's leading baking company, presented its 2024 Annual Report: 'Actions that Transform,' which outlines business progress and advances toward its 2030 and 2050 Sustainability Strategy goals.
As part of its sustainability strategy, Grupo Bimbo has established a comprehensive plan to protect and preserve natural systems through its priority. This plan is structured around three key pillars: Net Zero Carbon Emissions, Zero Waste, and Regenerative Agriculture.
Through its Net Zero Carbon Emissions pillar, the company is implementing a range of strategies to achieve its goal of becoming a net zero carbon emissions company by 2050. One of these initiatives is sustainable mobility. Today, Grupo Bimbo operates more than 7,757 vehicles powered by alternative fuels. Of these, over 4,200 are electric, solidifying its leadership as the company with the largest electric delivery fleet in Latin America and Mexico.
Under its Zero Waste pillar, Grupo Bimbo reported that 94% of its packaging is now recyclable and reaffirmed its goal that by 2025, 100% of its packaging will be recyclable, biodegradable, or compostable. Additionally, in terms of waste management, we have 80 bakeries and production facilities that send zero waste to landfill.
Aligned with its Regenerative Agriculture pillar, the company has implemented these practices across nearly 300,000 hectares, with the goal of sourcing all key ingredients from land cultivated using regenerative methods by 2050.
Alejandra Vázquez, VP Global Sustainability at Grupo Bimbo, stated: '2024 was a year of great progress and significant efforts to continue generating a positive impact on the planet, in the lives of our associates, and in the communities where we live and work. We are very proud of these achievements within our Sustainability Strategy, as we continue to take firm steps toward our purpose of Nourishing a Better World.'
Recently, the bakery also shared progress on its other two priorities in its latest sustainability report. Under the priority, that is focused on offering better nutritional profiles, plant-based diets, and purpose-driven sustainable brands, Grupo Bimbo reported that 99% of its daily consumption products are free from artificial colors and flavors.
Under the priority, aimed at strengthening communities and caring for our people, Grupo Bimbo highlighted the implementation of 267 community projects in 28 countries through its 'Good Neighbor' program, benefiting more than 530,000 people.
To learn more about the company's progress in sustainability, visit Annual Report 2024.
Contact: bbu@buchananpr.com
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Decentralized Identity Systems Market to Reach USD 11.5 Billion by 2034, Growing at a 20.5% CAGR
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Market Drivers and Growth Catalysts The core driver of this market is the increased awareness of privacy rights and the widespread adoption of data protection regulations across regions. Laws such as GDPR in Europe and CCPA in the U.S. are compelling organizations to prioritize secure identity frameworks that grant users greater control over their personal data. Decentralized identity systems (DIDs), which enable individuals to own, manage, and share their identities without reliance on centralized authorities, align perfectly with these legislative trends. Technological innovation is another major catalyst. Blockchain technology, smart contracts, and public key infrastructure (PKI) are being integrated into identity solutions, enhancing their security, immutability, and transparency. The rise of self-sovereign identity (SSI) models, where individuals possess complete control over their credentials, is also gaining traction across sectors including finance, healthcare, and government services. Challenges and Restraints Despite the market's robust growth potential, several challenges may hinder its pace. One of the main obstacles is the lack of regulatory harmonization across global jurisdictions. While some countries embrace decentralized systems, others are either slow to regulate or promote centralized digital ID programs, creating compliance complexities for multinational businesses. Additionally, user adoption remains a hurdle. Many users lack awareness or understanding of decentralized identity frameworks. Concerns around usability, technical complexity, and the fear of losing control over digital wallets that store identity credentials contribute to skepticism. Moreover, infrastructure challenges—particularly in developing regions—pose barriers to seamless integration. Economic factors such as limited IT budgets, especially during economic downturns, could also restrain investment in advanced identity systems. Meanwhile, supply chain issues and dependence on third-party vendors for implementation may delay deployment and drive up costs. Key Market Segments By Technology Blockchain-Based Systems: These systems dominate the current market due to their robust security, traceability, and decentralized nature. Adoption is strong in industries like financial services and healthcare, where trust and data integrity are paramount. Self-Sovereign Identity (SSI) Solutions: SSI is emerging as a transformative force, empowering users to control their data. As privacy regulations tighten, SSI adoption is expected to outpace traditional identity solutions. Federated Identity Management: Though still in use across legacy systems, federated models are gradually losing market share due to their reliance on centralized intermediaries. Centralized Identity Verification Tools: These tools remain prevalent but are likely to decline as decentralized alternatives gain favor for their enhanced security features. By End User Government Agencies: Governments are at the forefront of adopting decentralized identity systems for citizen ID verification, e-governance, and secure voting. Healthcare Sector: The need for secure, interoperable patient records and regulatory compliance is accelerating adoption in this sector. Financial Services: As fraud prevention and KYC (Know Your Customer) requirements grow, financial institutions are actively transitioning to decentralized identity frameworks. 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This integration is crucial as organizations increasingly struggle with identity theft and data breaches. By aligning themselves with innovative blockchain solutions, Microsoft positions itself as a key player in the evolving identity landscape. This move not only strengthens its competitive stance against rivals like IBM and Okta but also signals to the market a formidable shift towards decentralized identity management solutions, potentially reshaping industry standards for security and privacy. 2. IBM Month/Year: October 2023 Type of Development: Product Launch Detailed Analysis: IBM launched its new decentralized identity management platform, which leverages advanced cryptography and blockchain technology to enhance user privacy. This platform aims to empower individuals to own and control their identity data. The significance of this launch lies in the increasing consumer demand for privacy-centric solutions in identity management. IBM's entry into this space may compel other traditional identity solution providers to innovate or risk obsolescence. Additionally, this product aligns with global regulatory trends emphasizing data protection, positioning IBM favorably as businesses look for compliant solutions. This could lead to a competitive shift where the emphasis on user privacy becomes the primary differentiator among identity solution providers. 3. Civic Technologies Month/Year: September 2023 Type of Development: Merger Detailed Analysis: Civic Technologies announced a merger with a leading blockchain-based KYC (Know Your Customer) provider to enhance its suite of decentralized identity solutions. The merger aims to streamline identity verification processes while ensuring compliance with regulatory standards. This strategic move has broad implications for the decentralized identity market, as it positions Civic to offer a more comprehensive solution that bridges user privacy with regulatory needs. 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Evernym Month/Year: July 2023 Type of Development: Technological Advancement Detailed Analysis: Evernym unveiled an advanced version of its decentralized identity solution featuring integration capabilities with multiple blockchain networks. This technological advancement allows organizations to choose their preferred blockchain while still benefiting from Evernym's robust identity functionalities. The significance of this development lies in its flexibility, catering to diverse organizational needs and preferences. It challenges competitors to innovate quickly or face obsolescence as organizations seek more customizable solutions. Additionally, this move aligns with the broader industry trend towards interoperability among decentralized systems, emphasizing the importance of cross-platform capabilities in attracting enterprise clients. 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Cellulose Market is expected to reach USD 18.4 billion by 2034, growing at a 5.1% CAGR
Cellulose Market Overview 2025-2034 Luton, Bedfordshire, United Kingdom, June 13, 2025 (GLOBE NEWSWIRE) -- The global cellulose market is poised for steady and significant growth over the next decade, with a valuation expected to rise from approximately USD 11.2 billion in 2024 to around USD 18.4 billion by 2034. This growth trajectory reflects a Compound Annual Growth Rate (CAGR) of 5.1% from 2025 to 2034. At the heart of this expansion lies a growing global focus on environmentally sustainable products, which is catalyzing cellulose adoption across various sectors, including packaging, textiles, pharmaceuticals, and food & beverages. Download PDF Brochure: The market is currently experiencing robust demand, particularly driven by the increasing use of cellulose derivatives and its application in bioplastics, an area gaining traction amidst rising ecological concerns. Moreover, the shift toward eco-conscious consumer behavior and tightening environmental regulations is reinforcing the role of cellulose-based materials in global manufacturing and product development. Key Market Trends and Drivers One of the major trends bolstering market growth is the advancement in cellulose-based technologies, particularly in the development of derivatives that are more compatible with industrial applications. For instance, biodegradable cellulose additives and fibers are gaining favor as industries seek sustainable and natural alternatives to synthetic polymers and chemicals. The textile industry has emerged as a critical growth avenue, propelled by the surging popularity of eco-friendly fabrics such as viscose and lyocell, both derived from cellulose. Additionally, the use of cellulose in food processing as a stabilizer, thickener, and emulsifier continues to expand, driven by the clean-label movement and regulatory endorsements of natural ingredients. Another driver is the rising application of cellulose in pharmaceuticals, where it serves as a binder and disintegrant in tablet formulations. As healthcare access expands globally and chronic disease prevalence rises, pharmaceutical companies are investing heavily in new drug delivery systems that rely on high-quality excipients like microcrystalline cellulose. Market Challenges and Restraints Despite its promising growth outlook, the cellulose market faces several critical challenges. Key among these is the volatility in raw material prices, particularly for wood pulp and cotton linters. As these are natural sources, fluctuations in availability due to environmental factors, trade policies, or harvesting conditions can impact pricing and supply stability. Moreover, competition from synthetic alternatives remains a barrier. While cellulose offers sustainability, synthetic materials still dominate in terms of cost-efficiency and availability, especially in markets where environmental regulations are less stringent. Additionally, many end-user industries are still transitioning toward sustainable alternatives, making adoption rates uneven across regions and sectors. Regulatory pressures, although beneficial in the long term, also pose short-term challenges. Companies are required to invest in green technologies and certifications, which can inflate operational costs, especially for small- and mid-sized enterprises. Detailed Segment Analysis By Type Chemical Cellulose accounts for the largest segment, comprising approximately 30% of the market. It is widely used in food and pharmaceuticals due to its stabilizing and emulsifying properties. Its versatility across multiple sectors underpins its dominance. Microcrystalline Cellulose (MCC) holds about 25% share and is crucial in the pharmaceutical industry for its exceptional binding capabilities. The increasing demand for effective drug delivery systems continues to fuel growth in this segment. Filter Paper Grade Cellulose, while more niche with a 10% share, plays an essential role in laboratory and industrial filtration. Rising R&D activities and the need for high-quality filtration systems support its relevance. Aromatic Cellulose is an emerging segment with about 5% market share, showing potential in personal care and specialty textiles. As consumer awareness around sustainable ingredients grows, this segment is expected to expand steadily. By Source Wood Pulp dominates the market with about 55% share, owing to its wide availability and established processing technologies. It's the primary source for paper and packaging-grade cellulose. Cotton Linters, valued for their purity, constitute around 20% of the market. The shift towards organic textiles is enhancing this segment's growth trajectory. Bamboo, making up about 10%, is gaining popularity as a renewable and fast-growing cellulose source. Its use is expanding in sustainable textiles and construction materials. Other Plant Sources, including hemp and agricultural residues, contribute around 5% but are expected to grow as industries diversify sourcing strategies. By Application The Food & Beverage sector leads with a 35% share, utilizing cellulose as a food additive for texture, stability, and calorie control. Pharmaceuticals follow with 30%, driven by cellulose's role in drug formulation and delivery systems. The Cosmetics & Personal Care sector accounts for 15%, with increasing demand for natural emulsifiers and thickeners. Textiles, comprising 10%, are embracing cellulose fibers for sustainable fashion solutions. Paper & Packaging maintains relevance with 10% share, particularly as single-use plastics face global regulatory restrictions. Building & Construction, while smaller at 5%, is seeing rising adoption of cellulose in insulation and bio-composites. Browse full Report - Market Segmentation By Type - Chemical Cellulose - Microcrystalline Cellulose - Filter Paper Grade Cellulose - Aromatic Cellulose By Source - Wood Pulp - Cotton Linters - Bamboo - Other Plant Sources By Application - Food & Beverage - Pharmaceutical - Cosmetics & Personal Care - Textiles - Paper & Packaging - Building & Construction - Others By End-User Industry - Food Industry - Pharmaceutical Industry - Cosmetics Industry - Textile Industry - Pulp & Paper Industry - Building & Constructions By Region - North America - Latin America - Europe - Asia-Pacific - Middle East & Africa Regional Market Insights Asia-Pacific Asia-Pacific is the largest and fastest-growing region, projected to account for 40% of the global market by 2024. Countries such as China, India, and Japan are witnessing exponential growth in the packaging, textile, and food processing industries. The region benefits from a favorable demographic profile, growing urbanization, and increasing government support for sustainable industrial practices. North America With a projected market share of 25%, North America shows stable growth driven by strong infrastructure, high environmental awareness, and robust pharmaceutical and food sectors. Companies are heavily investing in R&D to innovate new cellulose applications, supported by stringent bio-based regulatory policies. Europe Europe holds a 20% share and is known for its strict environmental regulations and advanced technology in cellulose processing. High consumer demand for sustainable packaging and textiles keeps the region at the forefront of innovation. Latin America Latin America, with 10% share, shows promise despite facing infrastructure and economic challenges. Brazil and Argentina are investing in agriculture-based cellulose sources, while local industries explore new uses in food and construction. Middle East & Africa This region, with a current 5% share, is in a developmental phase but is projected to grow at a CAGR of 7%. Rapid industrialization, urbanization, and increasing interest in sustainable packaging and construction materials offer long-term growth opportunities. Key Competitive Landscape The cellulose market is highly competitive, with several global players focusing on innovation, expansion, and strategic partnerships. Notable companies include: Month & Year: April 2023 Type of Development: Acquisition Detailed Analysis: In April 2023, Celanese Corporation announced its acquisition of the Lufkin, Texas-based company, which specializes in cellulose derivatives. This strategic move is significant as it enhances Celanese's position in the specialty materials sector by integrating advanced cellulose technologies into its product portfolio. The acquisition signifies an increased focus on sustainable materials, responding to growing consumer demands for environmentally friendly products. As a result of this acquisition, Celanese is positioned to expand its market share in various sectors including food, pharmaceuticals, and personal care, with cellulose derivatives playing a critical role in these applications. The competitive landscape may shift as Celanese leverages these technologies to develop innovative solutions, potentially attracting new customers and partners. Moreover, this reflects an industry trend where companies are increasingly acquiring smaller firms with niche capabilities to bolster their sustainability initiatives. Grasim Industries Limited Month & Year: June 2023 Type of Development: Strategic Partnership Detailed Analysis: In June 2023, Grasim Industries Limited entered a strategic partnership with a global biotech firm to advance cellulose production technologies. This collaboration focuses on developing advanced, bio-based cellulose products that promise greater efficiency and sustainability compared to traditional cellulose production methods. The partnership signifies Grasim's commitment to innovation in the cellulose market, particularly in light of increasing environmental regulations and consumer preferences for greener alternatives. By combining their resources and expertise, the companies aim to create products that not only reduce carbon footprints but also lower production costs. This move is likely to position Grasim favorably against its competitors, fostering a new wave of competitive dynamics in the Indian cellulose market and influencing broader industry trends as companies seek similar collaborations to enhance sustainability. Solvay S.A. Month & Year: July 2023 Type of Development: Product Launch Detailed Analysis: In July 2023, Solvay S.A. launched a new line of biodegradable cellulose-based additives designed for the food industry. These additives are meant to improve food preservation while minimizing ecological impact. The significance of this product launch lies in the rising consumer concerns over sustainability in food packaging and preservation. Solvay's innovation reflects a broader trend in the industry towards adopting biopolymer solutions, which are perceived as more environmentally friendly than traditional synthetic options. This move not only enhances Solvay's product offerings but also strengthens its competitive edge in the cellulose market, as food manufacturers increasingly seek sustainable solutions to comply with stringent regulations and meet consumer demand for responsibly sourced products. The success of these additives could lead to a fundamental shift in how food preservation is approached, potentially influencing manufacturing processes across the sector. Sappi Limited Month & Year: August 2023 Type of Development: Expansion Detailed Analysis: Sappi Limited announced its plans for a significant expansion of its cellulose fiber production capacity in August 2023. This initiative is aimed at meeting the growing global demand for sustainable materials in various industries, including textiles, construction, and packaging. The expansion underlines Sappi's strategic response to the trend of moving away from fossil-based materials towards renewable cellulose solutions, particularly in markets that prioritize sustainability. By increasing its production capacity, Sappi enhances its ability to serve multiple sectors with innovative cellulose products, thus positioning itself as a leader in the bioeconomy. Furthermore, this expansion could potentially alter competitive dynamics in the cellulose industry, prompting rival companies to increase their investments in similar technologies or expand their own production capabilities to avoid losing market share. BASF SE Month & Year: September 2023 Type of Development: Technological Advancement Detailed Analysis: In September 2023, BASF SE unveiled a breakthrough in cellulose processing technologies, which significantly boosts the efficiency and sustainability of cellulose production. This technological advancement involves a novel method that reduces energy consumption and minimizes waste during cellulose extraction and processing. The importance of this innovation cannot be overstated; with global environmental policies tightening, companies need to optimize their production processes to stay competitive. BASF's new technology not only enhances its operational efficiencies but also positions the company as a leader in sustainable chemical production. As competitors scramble to adapt, BASF's development could catalyze further investment in eco-friendly technologies across the cellulose market, setting new standards for production practices. This development emphasizes the increasing intertwining of sustainability and technology in shaping future industry trends. Key Competitors Celanese Corporation Eastman Chemical Company Rayonier Advanced Materials Daicel Corporation Solvay S.A. Mitsubishi Chemical Corporation Sappi Limited BASF SE AkzoNobel N.V. Huntsman Corporation APP (Asia Pulp & Paper) DuPont de Nemours, Inc. UPM-Kymmene Corporation Nippon Paper Industries Co., Ltd. Grasim Industries Limited This report is also available in the following languages : Japanese (セルロース市場), Korean (셀룰로오스 시장), Chinese (纤维素市场), French (Marché de la cellulose), German (Zellulosemarkt), and Italian (Mercato della cellulosa), etc. Request Sample Pages: More Research Finding – Nano Cellulose Market The global nano cellulose market is poised for significant growth, with a current estimated market value of approximately $500 million in 2024. Projections indicate that the market could attain a value of around $1.5 billion by 2034, driven by the increasing demand for sustainable materials across various industries, including packaging and automotive. Evaporative Cooling Pad for Livestock Barn Market The global market for evaporative cooling pads for livestock barns is poised to reach an estimated value of $450 million in 2024. With the rising demand for efficient livestock cooling solutions driven by extreme weather conditions and the increasing emphasis on animal welfare, this market is projected to grow significantly, reaching approximately $700 million by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of around 5.5% over the forecast period from 2025 to 2034. Flame Retardant Regenerated Cellulose Fibre Market The global market for flame retardant regenerated cellulose fiber is poised for growth, with an estimated market value of approximately $3.2 billion in 2024. This sector is projected to reach around $5.8 billion by 2034, reflecting a compound annual growth rate (CAGR) of about 6.5% during the period from 2025 to 2034. Powdered Cellulose Market The global powdered cellulose market is valued at approximately $1.2 billion in 2024, with projections estimating it will reach around $1.9 billion by 2034. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 4.8% during the forecast period from 2025 to 2034. Microfibrillated Cellulose MFC Market The global microfibrillated cellulose (MFC) market is valued at approximately $600 million in 2024, with projections indicating a significant growth trajectory that could elevate its valuation to around $1.2 billion by 2034. This growth reflects a robust compound annual growth rate (CAGR) of about 7.2% during the forecast period from 2025 to 2034. Spherical Cellulose Bead Future Trends and Insights The global market for spherical cellulose beads is valued at approximately $1.2 billion in 2024. Projections indicate a substantial growth trajectory, with an estimated market value of $2.3 billion by 2034. This results in a Compound Annual Growth Rate (CAGR) of about 6.9% during the forecast period of 2025-2034. Cellulose Diacetate Market The global cellulose diacetate market is valued at approximately $1.2 billion in 2024, driven predominantly by its applications in textiles, filters, and packaging materials. Anticipated growth during the forecast period of 2025-2034 is projected to reach $1.9 billion, with a Compound Annual Growth Rate (CAGR) of 5.6%. Nitrocellulose Lacquer Market The global nitrocellulose lacquer market is valued at approximately $1.2 billion in 2024, with projections suggesting a robust growth trajectory, forecasting a market value of around $2.3 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of approximately 7% during the forecast period from 2025 to 2034. Industrial Nitrocellulose Market The global industrial nitrocellulose market is valued at approximately $2.5 billion in 2024 and is projected to reach around $4.0 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2025 to 2034. Speciality Cellulose Market The global specialty cellulose market is valued at approximately $5.7 billion, driven by rising demand from industries such as food, pharmaceuticals, and personal care. The market is expected to grow significantly, reaching an estimated value of $8.9 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of around 4.5% from 2025 to 2034. Cosmetic Grade Cellulose Powder Market The global cosmetic grade cellulose powder market is valued at approximately $2.1 billion in 2024, with expectations to expand to about $3.5 billion by 2034. This growth reflects a compound annual growth rate (CAGR) of around 5.2% during the forecast period from 2025 to 2034. Pharma Grade Cellulose Powder Market The global market for pharma grade cellulose powder is valued at approximately $1.2 billion in 2024, driven by a surge in demand for excipients in pharmaceutical formulations. As the industry increasingly prioritizes the development of novel drug delivery systems—including controlled release and targeted therapies—pharma grade cellulose plays a pivotal role due to its versatile properties, such as biocompatibility and stability. Food Grade Cellulose Powder Market The global food-grade cellulose powder market is valued at approximately $1.1 billion in 2024, with projections indicating growth to around $1.8 billion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of approximately 5.1% during the forecast period from 2025 to 2034. Nitrocellulose Filtration Membrane Market The global nitrocellulose filtration membrane market is projected to reach a value of approximately $2.2 billion in 2024, driven by an increasing demand in pharmaceutical, biotechnology, and water treatment applications. The market is expected to witness significant growth in the forecast period from 2025 to 2034, with a projected CAGR of 7.5%. Sodium Carboxy-Methylcellulose CMC Market The global Sodium Carboxy-Methylcellulose (CMC) market is valued at approximately $1.6 billion, driven by its extensive applications across the food, pharmaceutical, and personal care industries. The market is projected to grow significantly, reaching an estimated $2.8 billion by 2034, supported by increasing demand for natural and clean-label products. North America Microcrystalline Cellulose Market The North America Microcrystalline Cellulose (MCC) market is valued at approximately $450 million in 2024, with projections indicating growth to around $680 million by 2034. This growth reflects a Compound Annual Growth Rate (CAGR) of about 4.3% during the forecast period from 2025 to 2034. Cellulose Enzyme Market The global Cellulose Enzyme market is valued at approximately $2.4 billion in 2024, with projections indicating substantial growth, reaching $4.15 billion by 2034. This suggests a robust Compound Annual Growth Rate (CAGR) of around 6.1% during the forecast period from 2025 to 2034. Cellulose Sponge Market The Cellulose Sponge market is valued at approximately USD 1.2 billion in 2024, with an expected rise to USD 1.8 billion by 2034. This growth translates to a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period from 2025 to 2034. Cellulose Esters Market The Cellulose Esters Market is projected to reach a value of approximately USD 4.2 billion in 2024, driven by robust demand across various applications such as pharmaceuticals, cosmetics, and food packaging. The market is expected to grow significantly over the forecast period from 2025 to 2034, with a projected market value of around USD 6.5 billion by 2034. This translates to a Compound Annual Growth Rate (CAGR) of approximately 4.5%. 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Machine Learning Operations (MLOps) Market is expected to reach USD 20 billion by 2034, growing at a CAGR of 16.5%
Machine Learning Operations (MLOps) Market Outlook 2025–2034 Luton, Bedfordshire, United Kingdom, June 13, 2025 (GLOBE NEWSWIRE) -- Market Overview and Growth Forecast The global Machine Learning Operations (MLOps) market is witnessing significant growth, driven by the accelerating adoption of artificial intelligence (AI) and machine learning (ML) technologies across multiple industries. Valued at approximately $4.5 billion in 2024, the market is projected to reach around $20 billion by 2034, expanding at a Compound Annual Growth Rate (CAGR) of 16.5%. This upward trajectory reflects the increasing demand for solutions that streamline the deployment, monitoring, and management of machine learning models. Download PDF Brochure: MLOps plays a pivotal role in bridging the gap between data science and IT operations by enabling seamless collaboration, version control, and model lifecycle automation. The integration of MLOps into business operations facilitates faster time-to-market, improved decision-making, and enhanced model governance, thereby making it an essential component of modern AI infrastructure. Deployment Type Analysis: Cloud-Based vs. On-Premises MLOps solutions are typically deployed via cloud-based or on-premises models. Cloud-based deployments currently dominate the market, accounting for over 70% of the total share, owing to their cost-effectiveness, scalability, and ease of integration with existing cloud ecosystems. Enterprises favor these solutions for their ability to handle large-scale ML deployments, offer collaborative environments, and minimize infrastructure costs. On the other hand, on-premises solutions retain a niche but crucial role in sectors such as finance and healthcare, where stringent data security, regulatory compliance, and legacy system integration are paramount. Although on-premises solutions represent a smaller share—approximately 30%—they are indispensable for organizations with critical data governance requirements. Component Breakdown: Solutions and Services The MLOps market is segmented into solutions and services. Solutions—which include tools for automation, model tracking, version control, and monitoring—constitute the majority of the market, accounting for over 65%. As enterprises look to operationalize ML workflows and ensure compliance with internal and external regulations, the demand for robust solutions continues to grow. Meanwhile, services such as consulting, support, and training represent the remaining 35%. These services are essential for organizations at the initial stages of MLOps adoption or undergoing digital transformation. Service providers help businesses align their ML strategy with operational goals, ensuring successful integration and scaling of MLOps platforms. Application Areas Driving Market Adoption MLOps is being increasingly applied across a diverse range of use cases, with predictive maintenance emerging as a leading segment. Used primarily in manufacturing and industrial sectors, predictive maintenance leverages ML models to anticipate equipment failures, thereby reducing downtime and optimizing maintenance schedules. This segment is expected to command around 30% of the market share. Fraud detection, particularly in the financial sector, is another vital application of MLOps, capturing approximately 25% of the market. Real-time data processing and anomaly detection models have become indispensable in combating evolving fraud tactics. Customer experience management is also gaining traction, with about 20% of the share. Businesses are employing ML-driven personalization and customer analytics to improve engagement and satisfaction. Other applications such as marketing analytics and supply chain optimization collectively account for the remaining 25%, showcasing the broad utility of MLOps across business functions. Industry Vertical Insights From a vertical standpoint, IT and telecommunications lead the adoption of MLOps, representing roughly 25% of total market revenue. These sectors rely on rapid innovation cycles and scalable infrastructure to deploy AI models effectively. Healthcare follows closely, accounting for around 20%, driven by the need for predictive diagnostics, patient data management, and improved operational efficiency. The retail sector, with a 15% share, leverages MLOps for demand forecasting, inventory management, and personalization. Other notable contributors include manufacturing and financial services, each holding 10–15%, while the government and media sectors are gradually expanding their usage of MLOps for intelligent automation and data governance. Adoption by Organization Size Large enterprises dominate the MLOps landscape, accounting for nearly 60% of market revenues. These organizations have the capital and resources necessary to invest in end-to-end ML infrastructures and tailor solutions for complex use cases. Small and medium-sized enterprises (SMEs), however, are a fast-growing segment, holding the remaining 40%. The increasing availability of affordable, scalable, and cloud-native MLOps platforms is helping SMEs embrace AI technologies without the need for massive upfront investments. As awareness and education around AI-driven growth increase, SME adoption is expected to rise substantially in the coming decade. Technology and Distribution Trends MLOps solutions are underpinned by technologies like artificial intelligence, big data analytics, and DevOps practices. The convergence of AI with DevOps has led to the creation of automated pipelines, reducing the friction between development and operations. The synergy among these technologies is crucial to enabling continuous integration and delivery of machine learning applications. In terms of distribution, direct sales remain dominant, particularly for enterprise clients that require customized solutions and service-level agreements. However, online sales channels are gaining traction, especially among SMEs and startups seeking rapid, on-demand access to tools and services. Browse full Report - Market Segmentation By Deployment Type - Cloud-based - On-premises By Component - Solutions - Services By Application - Predictive Maintenance - Fraud Detection - Customer Experience Management - Others (e.g., Marketing Analytics, Supply Chain Optimization) By Industry Vertical - IT and Telecommunications - Healthcare - Retail - Manufacturing - Financial Services - Government - Media and Entertainment By Organization Size - Small and Medium Enterprises (SMEs) - Large Enterprises By Region - North America - Europe - Asia Pacific - Latin America - Middle East and Africa Buy Now: Regional Landscape North America holds the largest market share, contributing approximately 42% of global revenue. The presence of major cloud and AI providers such as Google, Microsoft, AWS, and IBM—alongside a mature regulatory environment and high digital maturity—supports widespread adoption. Europe follows with a 30% share and a projected 22% CAGR. Strict data privacy laws, particularly the General Data Protection Regulation (GDPR), are prompting organizations to adopt robust data management and compliance frameworks. The rise of tech innovation hubs in cities like Berlin, Amsterdam, and London further accelerates MLOps demand. Asia-Pacific is projected to be the fastest-growing region, with a 25% CAGR and a 22% share by 2034. Increasing investment in AI from countries like China, India, and South Korea—combined with growing digital infrastructure—makes this region a hotspot for MLOps expansion. However, challenges such as fragmented regulatory landscapes and a shortage of skilled professionals remain. Emerging regions such as Latin America and the Middle East & Africa also present significant opportunities. Though these areas face infrastructure and economic hurdles, governments and businesses are investing in digital transformation, opening new avenues for MLOps adoption. Key Market Players and Strategic Developments Leading companies in the MLOps space include Google Cloud, Microsoft Azure, AWS, IBM, Databricks, and Algorithmia, among others. These players are actively shaping the market through innovations, partnerships, acquisitions, and product updates. Recent Market Developments 1. Google Cloud - Month/Year: October 2023 - Type of Development: Product Launch - Detailed Analysis: Google Cloud launched Vertex AI Workbench, a comprehensive development environment that significantly enhances user productivity in MLOps. This development is significant as it enables data scientists and engineers to collaborate seamlessly on machine learning projects, allowing for the integration of notebooks, models, and datasets in a single interface. By streamlining workflow and reducing time-to-market for machine learning models, Google Cloud positions itself as a central player in the growing demand for efficient MLOps solutions. This platform can potentially shift the competitive landscape by encouraging traditional data and AI companies to adopt similar integrated solutions, leading to increased market rivalry and innovation. 2. Databricks - Month/Year: September 2023 - Type of Development: Partnership - Detailed Analysis: Databricks announced a strategic partnership with Microsoft to further integrate its Unified Analytics Platform with Azure. This move aims to leverage Azure's cloud capabilities to enhance MLOps workflows for enterprises. The partnership not only bolsters Databricks' market presence but also strengthens Microsoft's Azure offerings in the data analytics and machine learning domain. This collaboration could draw significant enterprise attention towards Databricks, shifting the competitive balance as organizations favor out-of-the-box solutions that integrate well with existing cloud infrastructures, thus prompting other cloud providers to enhance partnerships or develop similar integrations. 3. IBM - Month/Year: August 2023 - Type of Development: Acquisition - Detailed Analysis: IBM's acquisition of the AI operations company, Instana, marks a pivotal shift in its MLOps strategy. This acquisition is intended to enhance IBM's capabilities in monitoring and observing machine learning model performance. Through integrating Instana's observability technology, IBM will empower businesses to have real-time insights into their AI applications, facilitating quicker adjustments and improvements. The significance lies in how this will attract enterprise clients looking for robust monitoring solutions in their AI initiatives, potentially pushing competitors to focus more on similar observational capabilities, thereby refining customer expectations in the MLOps market. 4. - Month/Year: July 2023 - Type of Development: Product Update - Detailed Analysis: launched its updated version of H2O Driverless AI, which includes enhanced automated machine learning (AutoML) features designed to accelerate the MLOps process. This update aims to simplify the deployment and management of machine learning models, particularly for non-experts. This development stands out as it broadens access to MLOps by reducing skill barriers, which could lead to an increase in institutions adopting AI technologies. The impact on the market may include a more diversified customer base, prompting other MLOps platforms to enhance user accessibility, which could catalyze overall market growth. 5. Algorithmia - Month/Year: June 2023 - Type of Development: Technological Advancement - Detailed Analysis: Algorithmia introduced new features focusing on enhancing the security and governance of machine learning models in production. These enhancements are crucial as they address growing concerns around AI ethics, compliance, and data security. By providing robust governance tools, Algorithmia positions itself as a leader in responsible AI deployment, making it attractive for enterprises that prioritize ethical standards. This advancement could shift market expectations regarding AI governance, compelling competitors to improve their security offerings and adopt similar frameworks, which would elevate industry standards across the MLOps ecosystem. Market Drivers, Challenges, and Opportunities Growth drivers include the rising complexity of ML models, the need for scalable deployment, and the increasing push for AI-driven decision-making. Regulatory compliance and ethical AI are also influencing businesses to invest in MLOps platforms that provide traceability, fairness, and transparency. Challenges include data privacy issues, limited skilled workforce, pricing pressure due to market competition, and technological integration barriers. However, opportunities abound in areas such as healthcare analytics, personalized services, automation, and cloud-native innovations. Subscription-based models and low-code/no-code platforms are expected to democratize MLOps, further fueling growth. This report is also available in the following languages : Japanese (機械学習運用(MLOps)市場), Korean (머신 러닝 운영(MLOps) 시장), Chinese (机器学习运营(MLOps)市场), French (Marché des opérations d'apprentissage automatique (MLOps)), German (Markt für Machine Learning Operations (MLOps)), and Italian (Mercato delle operazioni di apprendimento automatico (MLOps)), etc. Request Sample Pages: More Research Finding – Cloud OSS BSS Market The global cloud OSS BSS market is expected to grow at 20.4 % CAGR from 2020 to 2029. It is expected to reach above USD 105.27 billion by 2029 from USD 19.8 billion in 2020. Desktop-As-A-Service Market The global Desktop-as-a-Service (DaaS) market is valued at approximately $4.5 billion in 2024 and is projected to reach around $12 billion by 2034. This growth reflects a robust Compound Annual Growth Rate (CAGR) of 10.4% from 2025 to 2034. 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Expected to witness robust growth, the market is forecasted to expand to around $2.8 billion by 2034, demonstrating a Compound Annual Growth Rate (CAGR) of about 8.7% during the period from 2025 to 2034. Software Development Tools Market The global software development tools market is valued at approximately $30 billion, driven by increased demand for automation, cloud computing, and agile methodologies. Looking forward, the market is projected to reach around $50 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of about 5.2% over the forecast period from 2025 to 2034. Customer Feedback Software Market The global customer feedback software market is poised to reach an estimated value of $2.5 billion in 2024, driven by increasing demand for actionable insights and enhanced customer engagement. The market is expected to exhibit significant growth, with a projected value of approximately $5.1 billion by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period from 2025 to 2034. Data Management Platforms Market The global data management platforms (DMP) market is valued at approximately $5.4 billion, driven by the increasing demand for data-driven decision-making and advanced analytics across industries. The market is poised for robust growth, projected to reach around $12.4 billion by 2034, reflecting a compound annual growth rate (CAGR) of 8.7% during the forecast period from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in to access your portfolio