DevOps Market Predicted to Cross $9.40 Billion by 2023: Growth Drivers and Top Impacting Factors

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

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

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Monitoring & performance management Segement 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 the 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.

Cloud deployment segment by 2023

Cloud deployment accounted for more than two-thirds of the total market share in 2017 and will maintain its leadership status by 2023. Moreover, this segment is expected to register the highest CAGR of 20.06% from 2017 to 2023. It is a lucrative segment, owing to low implementation costs, enhanced remote access, ease in availability, and integration of various services such as hybrid cloud usage within DevOps. The research also explores on-premise deployment.

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Regional Analysis: 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 the 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 the increase in requirement for automation solutions along with the rise in enterprise mobility and extensive wireless connectivity in the region.

Industry Fortunes: 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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