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DevOps Market Size

Report ID: GMI4620
Published Date: May 2023
Report Format: PDF

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DevOps Market size

DevOps Market size crossed USD 8 billion in 2022 and is projected to grow at 20% CAGR from 2023 to 2032, driven by the rising need for reducing the software development cycle and accelerating delivery.

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The increased demand for automation and CI & CD has encouraged organizations to adopt DevOps for cost efficiency and cloud computing, fueling the overall market growth. According to the RedGate Software survey, nearly 74% of 3200 enterprises adopted DevOps in the post-pandemic scenario due to the popularity of remote working. The survey also states that out of these companies, nearly 41% lack automation in release processes while 39% have a dearth of legacy application code, indicating robust growth in the future.

DevOps Market Report Attributes
Report Attribute	Details
Base Year:	2022
DevOps Market Size in 2022:	USD 8 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	20%
2032 Value Projection:	USD 70 Billion
Historical Data for:	2018 to 2022
No. of Pages:	400
Tables, Charts & Figures:	730
Segments covered:	Component, Deployment Model, Organization Size, Application, Region
Growth Drivers:	Rising need for reducing software development cycle and accelerating delivery Increasing demand for streamlining collaboration between IT and operation teams Growing adoption of automation in software development and testing Strong focus of enterprises on reducing IT capital expenditure Growing adoption of microservices and service virtualization
Pitfalls & Challenges:	Complexities in implementing DevOps approach Lack of standardized DevOps tools and solutions

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Complexities in implementing DevOps tools are a major factor restraining the DevOps market demand due to a lack of standardization that can cause implementation barriers for enterprises, reducing collaboration and efficiencies. In addition, a dearth of interoperability and integration issues within major CI/CD tools create a manual and ad hoc software development ecosystem that is non-conducive for DevOps solutions, thereby negatively affecting industry expansion. Nonetheless, emphasis on DevOps training within several service-providing firms will aid in overcoming this issue. For instance, Google LLC offers Google Cloud DevOps training modules for smooth application.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of DevOps was reached USD 8 billion in 2022 and will progress at over 20% CAGR between 2023 and 2032, led by the rising need for reducing the software development cycle and accelerating delivery.

The solution segment surpassed 5 billion revenue in 2022, as a result of the strong focus of market players on developing new technologies to improve the design and development cycles of new software.

The on-premise deployment model segment revenue will exceed USD 45 billion by the end of 2032, owing to increasing concerns over data privacy in cloud environments.

The North America market is slated to surpass USD 25 billion in revenue by 2032, due to the growing need to reduce the software development cycle and prompt delivery in the region.