Devops Market Size Worth US$ 32.7 Billion during 2023-2028, With a CAGR of 24.5% | IMARC Group

The latest report published by IMARC Group, titled "DevOps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on global DevOps market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global DevOps market size reached US$ 8.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.7 Billion by 2028, exhibiting a growth rate (CAGR) of 24.5% during 2023-2028.

DevOps Market Overview:

DevOps is an amalgamation of development (Dev) and operations (Ops) aimed at improving the entire software delivery lifecycle. It integrates software development and IT operations to shorten the development cycle and deliver high-quality software. It employs a range of tools and practices that automate and integrate tasks of software development and IT teams so that they can build, test, and release software more quickly and reliably. Common DevOps tools include Jenkins for continuous integration, Docker for containerization, and Kubernetes for container orchestration, among others.

The methodology promotes collaboration between departments, fosters innovation, and enhances productivity, thereby offering a competitive edge. By adopting DevOps, businesses can reduce time to market, lower failure rates of new releases, and minimize the costs and time of fixing bugs. It is commonly employed in various industry verticals like financial services, healthcare, and technology, making it a versatile approach to modern software development.

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DevOps Market Trends Analysis:

The global DevOps market is majorly driven by the increasing need for continuous and fast application delivery to meet consumer demands, making DevOps practices invaluable for operational excellence. Additionally, the adoption of cloud computing services has been a boon for the DevOps market, as cloud platforms are inherently designed to facilitate the collaborative style that DevOps promotes. Along with this, the rise of microservices architecture also complements DevOps by allowing large applications to be broken down into smaller, manageable modules that can be worked on simultaneously.

In addition, the growing awareness of the benefits of DevOps in improving ROI by accelerating the software development process is influencing market trends positively. There is also a heightened focus on automating routine and mundane tasks within the software development lifecycle to increase efficiency, thereby creating a demand for DevOps tools and practices. Furthermore, the growing need for a cultural shift in technical teams towards collaboration and openness is creating a positive market outlook.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/devops-market

Key Market Segmentation:

Competitive Landscape with Key Players:

• IBM
• Microsoft
• Oracle
• CA Technologies
• Google
• Cisco Systems
• Amazon Web Services
• Cigniti Technologies
• Hewlett Packard Enterprise Company
• EMC Corporation
• VersionOne
• Micro Focus
• Puppet
• Red Hat
• GitLab
• Chef Software
• Docker Inc.
• Atlassian

Breakup by Type:

• Solutions
• Services

Breakup by Deployment Model:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Organization Size:

• Large Enterprises
• Medium-Sized Enterprises
• Small-Sized Enterprises

Breakup by Tools:

• Development Tools
• Testing Tools
• Operation Tools

Breakup by Industry Vertical:

• Telecommunications and Information Technology Enabled Services (ITES)
• Banking, Financial Services, and Insurance (BFSI)
• Retail
• Manufacturing
• Healthcare
• Government and Public Sector
• Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.