Increased use of cloud computing and PaaS to drive DevOps Market Growth through 2028.
Microservices architectures are
expanding to drive the market of the Global DevOps Market
during the forecast period of 2024-2028.
According to TechSci Research
report, DevOps Market- Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018–2028, the Global DevOps market is expected to
register a robust growth during the forecast period, 2024-2028. Global
DevOps market is expanding owing to increase in demand for continuous and rapid
application delivery is growing across a variety of industry verticals,
including government, healthcare, manufacturing, banking, and insurance. A
dynamic IT environment and the applications that run in it are anticipated to
emerge as the key factors accelerating the growth of the DevOps market. The
market for DevOps is expected to continue to expand as a result of the growing
demand for increased productivity, streamlined workflows, high-quality software
delivery, and cost-effective operations. Yet, increased reliance on antiquated
procedures serves as a market growth inhibitor. The DevOps market benefits
greatly from the growth of automated software development and zero-touch
technology is anticipated to accelerate the expansion of the global DevOps
market during the forecast period.
Moreover, IoT devices require
ongoing development with speedy delivery and enhanced security. These functions
are important benefits of the DevOps platform and assist increase the growth of
IoT smart device software development as well as the overall IoT experience.
The DevOps industry is anticipated to see a potential opportunity for market
expansion in the next year due to the increase in expenditure on ICT development
by numerous governments in region like North America, Europe, and Asia Pacific.
at a much faster rate during the forecast period, 2024-2028.
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DevOps Market "
The Global DevOps market is
segmented into offering, deployment, organization size, industry. Based on
offering, the market is further bifurcated into software and services. Based on
deployment, the market is further segmented into public cloud, private cloud,
and hybrid cloud. Based on organization size, the market is segment into large
enterprises, and small and medium enterprises. Bases on industry, the market is
further segmented into BFSI, Retail, Government, Manufacturing, IT &
Telecommunication, Healthcare, and Others.
Based on deployment, the public
cloud held the largest share in the market in 2022. Some of the factors
affecting the acceptance of public cloud deployment for DevOps among SMEs and
major corporations include improved remote access, inexpensive implementation
costs, and easy access to the services. The effectiveness of the entire
development and operational process is enhanced by real-time resource
allocation to experts such as developers, testers, and operational staff.
Moreover, it is expected that the integration of diverse services, such as
hybrid cloud usage within DevOps, will accelerate market growth. For instance,
Amazon Web Services AWS has partnered with a number of businesses to offer
cloud-based DevOps services.
Based on organization size,
small and medium enterprises is expected to be the fastest growing segment
during the forecast period. By integrating the development and operations
departments inside an organization and fostering effective communication
between them, DevOps helps SMEs boost their efficiency. By making resources
available to the developer, tester, and operational staff as needed, DevOps
helps small firms expand in a secure and flexible manner. DevOps adoption among
SMEs is predicted to be fueled by rising demand for quicker software delivery
and declining IT costs. Several SMEs from developing nations, such as those in
Asia-Pacific, Latin America, and the Middle East, are following the DevOps
trend.
The segment for manufacturing
applications is anticipated to register the fastest CAGR during the forecast
period. The manufacturing segment's development to operations industry is
expanding more quickly as a result of manufacturing enterprises focused on
smart factories and government programs that assist industrialization. To
increase the performance and dependability of their software, DevOps tools are
being used by the manufacturers of manufacturing software.
For instance, Manufacturing
Execution Systems (MES) provider Critical Manufacturing debuted Version 9 of
its MES solution in May 2022. This version uses a DevOps center to reliably
deploy manufacturing software across multiple plants, facilitating the smooth
transition of end-use companies toward the smart factory.
Key market players in the DevOps
market:
- Google
LLC
- Microsoft
Corporation
- Oracle
Corporation
- International
Business Machines Corporation
- Amazon
Web Services Inc.
- Micro
Focus International plc
- Cisco
Systems Inc.
- Hewlett
Packard Enterprise Company
- Red
Hat Inc.
- Cigniti
Technologies Limited
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“The North American region
currently dominates the Global DevOps market and is expected to maintain its
position during the forecast period. The dominance of the sector is primarily
due to economically developed countries with advanced technology, such as the
United States and Canada, as well as the fact that the United States is the
world's leading hub for new technology innovation, which has led many companies
to adopt DevOps technologies. This area is also predicted to dominate the
DevOps market throughout the projection period owing to the region's extensive
use of cloud technologies and the presence of top industry players such as IBM,
Microsoft, and Amazon,” said, Mr. Karan Chechi, Research Director with TechSci
Research, a research- based global management consulting firm.
“DevOps Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast. 2018-2028 Segmented By Offering
(Software, Services), By Deployment (Public Cloud, Private Cloud, and Hybrid
Cloud), By Organization Size (Large Enterprises, Small and Medium Enterprises),
By Industry (BFSI, Retail, Government, Manufacturing, IT &
Telecommunication, Healthcare, and Others), By Region, Competition has evaluated the future growth
potential of DevOps Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in DevOps Market.
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