PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1634618
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1634618
Chaos Engineering Tools Market Introduction and Overview
According to SPER Market Research, 'Global Chaos Engineering Tools Market Size- By Component, By Deployment Mode, By Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that The global market for chaos engineering tools is projected to reach a value of USD 4.48 billion by 2033, growing at a compound annual growth rate (CAGR) of 9.08%.
Businesses can use chaos engineering tools to intentionally evaluate and improve the resilience of their systems by simulating breakdowns and interruptions in controlled scenarios. Teams can use these tools to create chaotic scenarios such as server outages, network delays, or resource shortages to see how a system responds and ensure that it can recover gracefully in difficult situations. The well-known chaos engineering tools are Chaos Monkey, which is part of the Netflix Simian Army and randomly terminates instances to test fault tolerance.
Impact of COVID-19: The COVID-19 pandemic, which spurred the adoption of cloud computing and distributed systems as businesses adopted digital-first policies and remote work, had a huge impact on the global market for chaotic engineering tools. There was a growing need for tools that could replicate failures and increase system robustness as companies faced the growing need to guarantee the longevity of their IT infrastructure. Because cloud platforms and microservices design are becoming more and more popular, chaos engineering tools are essential for assisting businesses in identifying system vulnerabilities.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Component, By Deployment Mode, By Vertical
Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Cavisson Systems Inc., Gremlin, Inc., Harness Inc., Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Nagarro SE, OpenText Corporation, PagerDuty, Inc., Tricentis, and Virtusa Corporation (EQT AB).
Chaos Engineering Tools Market Segmentation:
By Component: Based on the Component, Global Chaos Engineering Tools Market is segmented as; Tools, Service.
By Deployment Mode: Based on the Deployment Mode, Global Chaos Engineering Tools Market is segmented as; Public Cloud, Private Cloud.
By Vertical: Based on the Vertical, Global Chaos Engineering Tools Market is segmented as; IT & ITeS, BFSI, Media & Entertainment, Healthcare, Telecommunications, Retail & Ecommerce, Manufacturing, Others.
By Region: This research also include data for North America, Europe, Asia-Pacific Middle East & Africa and South America.