DevOps Market size worth over $30 Bn by 2028

DevOps Market size is slated to cross USD 30 billion by 2028, according to a new research report by Global Market Insights Inc.
 

The growing adoption for rapid software development will support the DevOps industry growth. Advanced DevOps capabilities including shorter development lifecycles, reduced deployment failures, enhanced efficiency in communication, and cost reduction are boosting the market demand.
 

The DevOps market is also expected to benefit significantly from increasing penetration of cloud technologies such as containerization and microservices. These factors provide a standard and unified platform for planning, development, testing, and deployment of DevOps-powered applications.
 

Quicker software delivery cycles and improved communication

The DevOps market has observed significant demand for agility in development, testing, and IT operations. DevOps tools tightly integrate the design & development of applications with the deployment and delivery lifecycles, enabling enterprises to efficiently manage their IT resources. This also leads to reduced capital expenditure and increased market competitiveness by reducing software delivery cycles. In addition, the demand for automated defect detection and standardization of development stack is create new market opportunities for development & operations tools.
 

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Predominant focus to release software to the market quickly with minimum errors and better reliability

The delivery DevOps solutions segment is predicted to grow at nearly 25% CAGR till 2028 due to the increasing stress to improve software delivery timelines of enterprises. For instance, it is estimated that Amazon.com, Inc. delivers a new code every 12 seconds through the efficient use of agile delivery practices. The emergence of continuous delivery technologies has assisted enterprises in ensuring a steady stream of high-quality solutions & services for iterative and incremental software delivery.
 

Browse key industry insights spread across 450 pages with 523 market data tables and 43 figures & charts from the report, “DevOps Market Size By Component (Solution [Management DevOps {Continuous Business Planning, Testing & Development, DevOps Analytics}, Delivery DevOps {Continuous Integration, Software Delivery Management}, Operation DevOps {Continuous Deployment, Monitoring & Performance Management}], Service [Professional Service, Managed Service]), By Deployment Model (On-premise, Cloud [Public Cloud, Private Cloud, Hybrid Cloud]), By Enterprise Size (Large Enterprises, SMEs), By Application (BFSI, IT & Telecom, Healthcare, Retail, Government, Manufacturing, Media & Entertainment), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/devops-market
 

Surging adoption of container technology to propel the cloud-based DevOps market growth

The public cloud segment is anticipated to attain a substantial market share of around 55% by 2028. The growing uptake of virtualization technologies and the increasing popularity of containers for software testing & orchestration have accentuated the public cloud segment growth. The centralized nature of cloud computing provides a standard & unified platform for planning, development, testing, and deployment of applications, making cloud platforms a viable solution for integrating development & operation tools.
 

Increasing frequency of deployments and shorter development lifecycles

In 2021, the SMEs segment held above 30% of the DevOps market revenue share, SMEs are increasingly transitioning toward development & operation tools to improve service quality and address the dynamic customer needs through an agile approach. However, the increasing frequency of deployments and shorter development lifecycles have forced SMEs to adopt DevOps practices to maintain market competitiveness. A surge in the usage of software automation services by small enterprises in various industry verticals will spur the industry statistics.
 

Agile deployment of new feature upgrades across the BFSI sector

The BFSI application accounted for around 15% of the DevOps market share in 2021. The rising uptake of API-based services to speed up the development and launch of differentiated customer-centric digital offerings is fueling the segment demand. Digitalization in the banking sector is assisting fintech players in the quick delivery of their digital services to the market. Continuous monitoring and improvement initiatives offered by software automation technologies are further helping BFSI enterprises to achieve an agile delivery.
 

Growing usage of enterprise software automation in Europe

The Europe DevOps market is projected to reach USD 7 billion by 2028 owing to increasing competitiveness and new entrants have pressurized enterprises to digitalize their software development and delivery processes. Leading enterprises in the region including IBM, AWS, Microsoft, and Cisco have made hefty investments in the development and operation technologies to accelerate the time-to-market their digitalized solutions & services.
 

Focus on inorganic growth strategies by key players

The industry has witnessed several strategic partnerships with major vendors to strengthen their presence. For instance, in February 2022, HashiCorp. partnered with River Point Technology to drive automation adoption. River Point Technology will help HashiCorp tackle its aspiring cloud and DevOps projects with transformative capabilities. This partnership will extend the prescriptive offerings that River Point Technology has successfully deployed for HashiCorp. customers.
 

The key participants operating in the DevOps market include Amazon Web Services, Inc., Atlassian Corporation Plc., CA Technologies (Broadcom), Chef Software, Inc., Cigniti Technologies Ltd., Cisco Systems, Inc., CloudBees, Inc., CollabNet, Inc., Dell Technologies, Docker, Inc., Eggplant Limited, Froglogic GmbH, GitLab, Inc., Google, LLC (Alphabet), HashiCorp, Inc., IBM Corporation, Micro Focus International plc, Microsoft Corporation, Oracle Corporation, Parasoft Corporation, Perforce Software, Inc., Puppet, Inc., Rackspace US, Inc., Red Hat, Inc., SmartBear Software, Inc., Tricentis GmbH, and Worksoft, Inc.