The DevOps by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/devops-global-market-report
According to The Business Research Company’s DevOps , The devops market size has grown exponentially in recent years. It will grow from $10.56 billion in 2023 to $12.8 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increased demand for scalability, industry recognition and best practices, maturation of devops tools and ecosystem, increased demand for continuous integration and deployment.
The devops market size is expected to see exponential growth in the next few years. It will grow to $29.79 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to focus on developer experience, continuous integration and continuous delivery (ci/cd) maturity, collaboration across devops teams, multi-cloud and hybrid cloud strategies, increased emphasis on observability.. Major trends in the forecast period include no-code/low-code devops tools, shift-right testing, site reliability engineering (sre) adoption, event-driven architectures, maturation of devops toolchains.
The increasing need for bridging the gap between IT and operations teams is propelling the growth of the DevOps market. The rapid growth in teams including multiple offices, shift in business operations towards virtual offices, and off-site contractors have increased the gap between IT and operational teams, and affecting the business operations and productivity. The companies operating in software development sectors are increasingly focusing on acquiring innovative DevOps tools and services to automate certain management functions and software deployment processes. According to a Harvard Business School study, poor collaboration between teams and inefficient work reduced productivity by 2% to 3%. Therefore, an increased need to bridge gaps between IT and operations teams is expected to boost the utilization of DevOps tools and services during the forecast period.
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The devops market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Model: On-Premise, Cloud
3) By Enterprise Size: Large Enterprise, Small & Medium Enterprises
4) By Industry Vertical: Information Technology & Telecom, Banking, Financial Services, and Insurance, Retail, Government And Public Sector, Manufacturing, Healthcare, Other Industry Verticals
Technological advancements are the latest trend gaining popularity in the DevOps market. The companies in the DevOps market are incorporating innovative technologies like machine learning (ML) and Artificial intelligence (AI) to offer technologically products, which are cost-effective and operationally beneficial. For instance, in March 2022, Rocket Software, a US-based software development company, launched Rocket DevOps v10 Software, a modernization platform designed specifically to enable end-to-end continuous integration continuous delivery (CI/CD) for multi-code environments that include the IBM i platform. With Rocket DevOps, organizations can enable end-to-end DevSecOps, build structure through automation and controls, and enable non-RPG talent to engage and support the IBM i DevOps process.
The devops market report table of contents includes:
1. Executive Summary
2. DevOps Market Characteristics
3. DevOps Market Trends And Strategies
4. DevOps Market – Macro Economic Scenario
5. Global DevOps Market Size and Growth
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26. South America DevOps Market
27. Brazil DevOps Market
28. Middle East DevOps Market
29. Africa DevOps Market
30. DevOps Market Competitive Landscape And Company Profiles
Top Major Players:
- Amazon Web Services Inc
- Broadcom Inc
- Google LLC
- Hewlett Packard Enterprise Development LP
- IBM Corporation
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