DevOps Market Booming Worldwide: Analysis of Industry boosters such as requirement of maintainability & efficiency of operational processes Included in this report

The global DevOps market generated $3.36 billion in 2017, and is expected to reach $9.40 billion by 2023, registering a CAGR of 18.7% from 2017 to 2023.

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Rise in requirement of maintainability & efficiency of operational processes, surge in demand for automated software, and increase in adoption of cloud computing through PaaS solutions drive the growth in the global DevOps market.

Rise in requirement of maintainability & efficiency of operational processes, surge in demand for automated software, and increase in adoption of cloud computing through PaaS solutions drive the growth in the market. However, lack of skilled professionals for development of effective DevOps application restrains the market growth. On the other hand, advent of internet of things (IoT) and shift from traditional data centers to hybrid cloud systems would offer new opportunities in the industry.

Monitoring & performance management solution to lead in terms of revenue by 2023

Monitoring & performance management solution contributed to one-third of the total market share in 2017 and is expected to lead in terms of revenue during the forecast period. This is due to its ability to offer insights on scalability and performance patterns for various users and automatically detect all virtual hosts along with an entire visibility of cloud environment. However, lifecycle management is expected to register the highest growth with a CAGR of 20.62% from 2017 to 2023, owing to different features such as simplified compliance reporting, automated development & release processes, audit preparation, and improved flexibility. The report also offers insights on analytics, delivery & operations management, and testing & development.

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Asia-Pacific to grow at the fastest rate:

Asia-Pacific is expected to grow at the fastest CAGR of 20.94% from 2017 to 2023, owing to surge in demand for DevOps solutions, need to improve organizational efficiency, and high economic growth in this region. However, North America held the major market share, accounting for nearly half of the market share in 2017. This is due to increase in requirement for automation solutions along with rise in enterprise mobility and extensive wireless connectivity in the region.

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Leading market players:

Key market players analyzed in the research include IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, VersionOne, Inc., EMC Corporation, Google, Inc., Red Hat, Inc., and CA Technologies.

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