Global DevOps Market worth over $17bn by 2026

DevOps Market size is set to surpass USD 17 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

DevOps is a combination of various interrelated practices and tools to increase the speed of application development and delivery by enterprises. DevOps tools assist developers and software development teams in planning, developing, and deploying innovative applications at a quicker pace compared to traditional software management processes. This helps organizations to serve their clientele and compete effectively in a dynamic market.

 

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Increasing demand for agility and reduction in costs to propel the uptake of DevOps solutions

The DevOps market has witnessed a growing 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 expected to create new market opportunities for development & operations tools.
 

UK DevOps Market By Component

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Improvement of software delivery pipeline to drive the solutions segment market growth

The delivery DevOps solutions segment is expected to witness a steady growth of over 22% till 2026 due to increasing stress to improve software delivery timeline of enterprises. For instance, it is estimated that Amazon.com, Inc. delivers a new code every 12 seconds through 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 350 pages with 516 market data tables and 35 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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/devops-market
 

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

The public cloud segment in the DevOps market is anticipated to register around 23% CAGR from 2020 to 2026. The growing uptake of virtualization technologies and the increasing popularity of containers for software testing and orchestration have accentuated the market growth of the public cloud segment. The centralized nature of cloud computing provides a standard and unified platform for planning, development, testing, and deployment of applications, making cloud platforms a viable solution for integrating development and operation tools.
 

Increasing market demand for CI/CD tools amongst SMEs to improve service quality

The SMEs segment held over 30% global DevOps market share in 2019. SMEs are increasingly transitioning toward development and operations tools to improve service quality and address dynamic customer needs through an agile approach. In addition, increasing frequency of deployments and shorter development lifecycles have forced SMEs to adopt DevOps practices to maintain market competitiveness. A surge in the adoption of software automation services by small enterprises across various industry verticals is expected to further spur the market growth.
 

Agile deployment of new feature upgrades will surge the DevOps market across the BFSI sector

The BFSI application segment accounted for over 15% market revenue share in 2019. The market growth is characterized by the rising uptake of API-based services to speed up the development and launch of differentiated customer-centric digital offerings. 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 helping BFSI enterprises to achieve agile delivery.
 

Growing adoption of enterprise software automation in Asia Pacific to streamline collaboration between IT development and operations

The Asia Pacific DevOps market is set to attain over 25% share in the global market by 2026. Increasing competitiveness and new entrants have pressurized enterprises across the region to digitalize their software development and delivery processes, leading to an expansion in the market. Leading enterprises in the region, including Samsung and Huawei have made hefty investments in development and operations technologies to accelerate the time to market for their digitalized solutions & services.
 

Focus on inorganic growth strategies by key players to augment market share

The DevOps industry has witnessed several strategic partnerships with major vendors to strengthen their market presence. For instance, in November 2019, Red Hat, Inc. announced a partnership with Raytheon Technologies to jointly develop a new security software development solution, DevSecOps. Similarly, in October 2019, HashiCorp. announced a partnership with Instillery, a New Zealand-based cloud service provider, to offer its open-source DevOps toolchain to modernize Instillery’s client infrastructure.
 

Some of the key players operating in the DevOps market include Amazon Web Services, Inc., Atlassian Corporation Plc., CA Technologies, Chef Software, Inc., Cigniti Technologies Ltd., Cisco Systems, Inc., CloudBees, Inc., CollabNet, Inc., Dell Technologies, Docker, Inc., Eggplant Limited, GitLab, Inc., Google, LLC., 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, Worksoft, Inc., and XebiaLabs, Inc.
 

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