Market Highlights

DevOps is a combination of cultural philosophies, practices, and tools that increases an organization's ability to deliver applications and services at high velocity. It aims to unify software development and operations teams, by automating and integrating the processes between them. Through collaboration and communication, DevOps seeks to break down silos between traditionally separate functional teams, creating a culture of shared responsibility and cross-functional teamwork. The ultimate goal of DevOps is to improve the speed, quality, and efficiency of software delivery, while promoting collaboration and innovation across the software development lifecycle. Azure DevOps Services, formerly known as Visual Studio Team Services, is a popular tool used to implement DevOps practices.

DevOps Market Size was valued at USD 9.4 Billion in 2022. The DevOps market industry is projected to grow from USD 12.5 Billion in 2023 to USD 56.2 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23.95% during the forecast period (2023 - 2030).

The rising adoption of the product among all types of organization sizes – small, medium, and large are expected to catalyze revenue creation for the market players in the years to come. The digitization drive introduced by the governments is expected to support the expansion of the DevOps market over the next few years.

The product enables quality assurance and streamlining activities. In addition, the product helps in shortening the lifecycle of the development process. These factors are likely to emerge as driving factors of the DevOps market over the assessment period. However, on the other side, the lack of skilled people remains an impediment to market growth.

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Segmentation:

The solution-based segments of the global DevOps market are delivery and operations management, monitoring and performance management, analytics, lifecycle management, and testing and development.

On the basis of deployment, the DevOps market has been segmented into on-premise and cloud. The cloud segment has been sub-segmented into private cloud, public cloud, and hybrid cloud.

Based on organization size, the global DevOps market has been segmented into SMEs and large enterprises.

On the basis of industry vertical, the DevOps market has been segmented into BFSI, information and telecommunication technology enabled services, retail, manufacturing, government and public sector, media and entertainment, healthcare, education, transportation and logistics, energy and utilities, and travel and hospitality.

Regional Analysis:

Region-specific analysis of the DevOps market includes mainly North America, Europe, Asia Pacific, Rest-of-the-World (RoW).

North America is leading the market as its infrastructural advantage is providing substantial backup to the DevOps market growth. Furthermore, the region has this tendency to adopt the latest technologies owing to which various sectors are quick in responding to this development. At the same time, escalating use of cloud technology can be seen as a significant regional market driver.

Europe’s market is also expected to gain substantially from its percolation in the service industry. The region has similar features like North America which makes it easier for the market to gain significant momentum in the coming years.

The APAC market is expected to grow with the fastest CAGR during the forecast period. Booming industries across the region and emerging economies such as China, India, and South Korea are expected to substantiate the regional market stand.

Competitive Dashboard:

IBM Corporation, Microsoft Corporation, Amazon Web Services Inc., VersionOne Inc., Cisco Systems Inc., Google Inc., HP Enterprise Development LP, Puppet Labs Inc., Micro Focus, Clarizen Inc., GitLab, Electric Cloud, TO THE NEW, CFEngine, Rackspace, TO THE NEW, CFEngine, Clarive, Perforce, HashiCorp, OpenMake Software, CollabNet, XebiaLabs, Atlassian, Docker Inc., RapidValue, Cigniti, Chef Inc., Red Hat Inc., EMC Corporation, CA Technologies, and Oracle Corporation.

These players are anticipated to invest in the expansion of their technical capabilities, which is likely to encourage competitiveness in the global market place over the next couple of years. In addition, the focus on the expansion of global footprints is also prognosticated to boost the robust competition in the DevOps market in the years to come. Other approaches to be used by these players for gaining edge over others are mergers & acquisitions, collaborations, partnerships, etc.

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