PUBLISHER: The Business Research Company | PRODUCT CODE: 1392608
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392608
“DevOps Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on devops market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for devops? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The devops market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The DevOps refers to the tools used for the integration of software developers (dev) and operations (ops). These tools operate on a software engineering technique that combines the activities of software development and software operations teams by encouraging cooperation and shared accountability. It also enables software developers (devs) and operations (Ops) teams to strive for faster delivery through automation, collaboration, rapid feedback, and iterative improvement.
The main components of DevOps include solutions and services. The DevOps solutions refer to tools and software that bridge the gap between software development, quality assurance, and IT operations, which helps to rapidly build software products and services while greatly boosting operational performance. They are deployed on-premise or through the cloud in small and medium enterprises and large enterprises. These solutions or services are utilized by industry verticals such as information technology (IT) & telecom, banking, financial services and insurance (BFSI), retail, government and public sector, manufacturing, healthcare, and others.
The DevOps market research report is one of a series of new reports from The Business Research Company that provides DevOps market statistics, including DevOps industry global market size, regional shares, competitors with a DevOps market share, detailed DevOps market segments, market trends and opportunities, and any further data you may need to thrive in the DevOps industry. This DevOps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
Cloud adoption and scalability are expected to propel the growth of the DevOps market. Cloud adoption and scalability refer to the process of leveraging cloud computing services to host, manage, and scale applications, data, and resources. Cloud platforms provide the infrastructure and services needed to support agile development practices. DevOps relies heavily on CI/CD pipelines for rapid and automated code deployment, and cloud environments offer the necessary resources and flexibility to implement these practices effectively. For instance, in August 2023, according to Kinsta Inc., a US-based cloud platform made to assist businesses and development teams in managing and launching their online projects more quickly and effectively, 89% of the country's largest businesses utilize at least one cloud-based service, and the country's cloud market is expected to grow to be worth over £35 billion by 2023. Therefore, cloud adoption and scalability are driving the growth of the DevOps market.
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.
Major companies operating in the DevOps market are innovating solutions to increase their profitability in the market. Innovating solutions in DevOps refer to cutting-edge methodologies and technologies that streamline and enhance the software development and IT operations process, fostering collaboration, automation, and efficiency throughout the software development lifecycle. For instance, in April 2022, UBiqube, an Ireland-based technology company that specializes in network and security orchestration solutions, launched a novel DevOps approach to streamline hybrid cloud implementation and administration. It is used to improve and streamline the software development and deployment process by promoting collaboration, automation, and continuous integration and delivery. The goal of a DevOps solution is to shorten the software development lifecycle, enhance software quality, and increase the frequency and reliability of software releases.
In July 2021, International Business Machines Corporation, a US-based provider of computer hardware, software, infrastructure, and hosting services, acquired BoxBoat for an undisclosed amount. The acquisition is expected to support IBM's container strategy and implementation services portfolio and expand its business operations across the globe. BoxBeat is a Maryland-based DevOps consultant and enterprise Kubernetes service provider.
Major companies operating in the in the devops market report are Amazon Web Services Inc., Broadcom Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Oracle Corporation, Dell Technologies Inc., Micro Focus International Plc, SAP SE, Atlassian Corporation Plc, GitLab Inc., Red Hat Inc., Chef Software Inc., Puppet Labs Inc., CloudBees Inc., Electric Cloud Inc., XebiaLabs Inc., CollabNet VersionOne Inc., CA Technologies, Clarive Software S. L., Docker Inc., SaltStack Inc., Spirent Communications plc, Twistlock Ltd., Sysdig Inc., New Relic Inc., PagerDuty Inc., Datadog Inc., Sumo Logic Inc.
North America was the largest region in the DevOps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the devops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the devops market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The DevOps market includes revenues earned by entities by providing services such as continuous integration, continuous delivery, microservices, infrastructure as code, monitoring and logging, communication and collaboration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.