Collaboration Unleashed: DevOps Market Surges at 24.2% CAGR, Projected to Hit $57.90 Billion by 2030

In a recent report released by Allied Market Research entitled "DevOps Market by Component, Cloud Type, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global DevOps market achieved a value of $6.78 billion in 2020. Projections indicate that it is poised to reach $57.90 billion by 2030, reflecting a noteworthy CAGR of 24.2% from 2021 to 2030.

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DevOps, a portmanteau of development and operations, characterizes a collaborative approach to tasks undertaken by an organization's application development and IT operations teams. This encompasses iterative software development, automation, and programmable infrastructure deployment and maintenance. The essence of DevOps extends to building trust and collaboration between developers and systems administrators, aligning technological initiatives with business objectives.

The surge in demand for continuous and swift application delivery, coupled with a focus on reducing CAPEX and OPEX, is a key driver of the devops market size. The growth is further propelled by the proliferation of applications in dynamic IT environments. However, the market faces hindrance due to a significant reliance on legacy processes. On the positive side, the integration of AI in application development and its increasing adoption among SMEs present lucrative opportunities for DevOps market growth.

Breaking down the components, the solution segment dominated the DevOps market in 2020, expected to persist due to the increasing need for continuous and rapid application delivery. Solutions empower enterprises to elevate the overall quality of their software products while meeting client expectations. Concurrently, the service segment exhibited the highest CAGR, driven by the escalating demand for DevOps services in both SMEs and large enterprises seeking to enhance operational efficiency.

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By cloud type, the public segment dominated the market in 2020, contributing to more than two-thirds of the global DevOps industry. However, the hybrid segment is projected to register the highest CAGR of 26.0% during the forecast period.

Geographically, North America led the DevOps market in 2020, attributed to a high number of vendors and favorable government policies. The region experienced growth in cloud-enabled activities, including trends like the adoption of multi and hybrid cloud environments, and private cloud repatriation. On the other hand, Asia-Pacific is anticipated to witness the highest growth rate, fueled by rapid digital transformation and a surge in new-age startups.

Covid-19 scenario:

• The Covid-19 pandemic positively affected the growth of the DevOps market positively due to surge in demand for software and online web-based applications among businesses.

• During the Covid-19 outbreak, the need for DevOps solutions to streamline the process of software application development by promoting collaboration between several entities of the software development lifecycle increased.

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The global pandemic and associated measures such as social distancing and lockdowns prompted a significant increase in individuals relying on digital resources for various needs. According to a report by British telecommunications services provider BT Group, the UK observed a 60.0% rise in average weekday network traffic compared to the previous year. These consumer trends facilitated businesses across diverse industries in enhancing their digital presence and expanding their consumer base. Consequently, there was a heightened demand for DevOps solutions, as businesses utilized them to deliver improved digital applications.

Prominent Trends Shaping the Global DevOps Market:

A prevailing trend worldwide is the continual development of new products within the market. At present, the escalating demand for DevOps is a key driver of market expansion, attributed to its provision of precise and practical data, coupled with a reduction in maintenance costs. The widespread adoption of microservices in DevOps, focusing on enhancing operational efficiency, stands out as a pervasive global trend in the market.

Key players operating in the global DevOps industry include Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, Rackspace Technology. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures, to strengthen their foothold in the global DevOps industry.

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