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What's driving the DevOps Market trends? Amazon Web Services, Atlassian Corporation Plc, Chef Software, Inc, Cigniti Technologies Ltd, CloudBees, Inc, CollabNet, Inc, Dell Technologies, Google, LLC, Microsoft Corporation, Oracle, Parasoft Corporation, Rac

05-25-2020 12:49 PM CET | IT, New Media & Software

Press release from: marketstudyreport.com

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What's driving the DevOps Market trends? Amazon Web Services,

Selbyville, Delaware This Global DevOps report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years. S

The manufacturing sector is likely to witness a CAGR of over 20% through 2026 with the increasing deployment of CI/CD in IoT and Industry 4.0. The principles of DevOps can help manufacturers in achieving goals by efficiently facilitating collaboration and communication among teams across the company. The development and operations (DevOps) drive the business agility and ensure consistent delivery to fulfill customer needs, they also increase business performance and productivity.

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Higher productivity and business performance, flexibility, and elimination of unnecessary IT expenditure are likely to stimulate the development and operations (DevOps) market during the forecast time period. DevOps is a combination or set of procedures that automize the processes that exist between IT and software development teams, so that the teams could develop, test, and roll out the software reliably and faster. The advantages associated with it also include ability to solve grave issues faster, to manage unplanned work efficiently, faster software releases, and increased trust.
Development and operations (DevOps) market is bifurcated in terms of component, deployment model, enterprise size, application, and regional landscape.

Based on component, the market is classified into solution and services. The services component segment is further categorized into managed services and professional services. The professional services segment will witness a CAGR of above 22% through 2026 due to increasing adoption of outsourcing testing automation projects by SMEs. The managed services segment recorded a market share of over 35% in 2019 due to uptake of third-party expertise for managing DevOps practices.
The manufacturing sector is likely to witness a CAGR of over 20% through 2026 with the increasing deployment of CI/CD in IoT and Industry 4.0. The principles of DevOps can help manufacturers in achieving goals by efficiently facilitating collaboration and communication among teams across the company. The development and operations (DevOps) drive the business agility and ensure consistent delivery to fulfill customer needs, they also increase business performance and productivity.

The media & entertainment sector will observe a CAGR of over 25% through 2026 due to importance of DevOps in ensuring continuous delivery of feature upgrades. It also empowers the media & entertainment organizations to take the benefit of the magnitude and speed of digital disruption. Some of the trends that are demanding agile and scalable business processes include AR & VR, omni-channel consumer experiences, hyper-targeted market, and services which are app-based.
From a regional frame of reference, the Latin America DevOps market will foresee a CAGR of over 23% through 2026 due to increasing uptake of DevOps for reducing IT expenditure. The Middle East & Africa DevOps market will observe above 20% CAGR through 2026 due to the increasing use of cloud-based technologies for accelerating software delivery.

With respect to application the market is segmented in terms of IT & telecom, government, BFSI, media & entertainment, retail, healthcare, manufacturing, and others. The retail application segment recorded over 10% market share in 2019 due to increasing use of DevOps for improving patch management in Ecommerce. The government sector registered above 5% market share in 2019 with the growing use of DevOps to reduce IT costs in public sector.

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