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DevOps Market Surges: Rapid Growth Projected in Latest Industry Report 2030

05-23-2024 02:37 PM CET | IT, New Media & Software

Press release from: Allied Market Research

DevOps Market

DevOps Market

According to a recent report published by Allied Market Research, titled, "DevOps Market by Component, Cloud Type, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global DevOps market was valued at $6.78 billion in 2020, and is projected to reach $57.90 billion by 2030, registering a CAGR of 24.2% from 2021 to 2030.

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DevOps is a word that combines the terms development and operations to describe a collaborative or shared approach to the duties done by an organization's application development and IT operations teams. In addition, iterative software development, automation, and programmable infrastructure deployment and maintenance are all part of DevOps. Moreover, building trust and harmony between developers and systems administrators, as well as matching technology initiatives to business objectives, are all part of the phrase.

Furthermore, the key factor that drives the devops market size includes surge in need for continuous and fast application delivery and increase in focus on reducing CAPEX and OPEX drive the growth of the market. In addition, growth in applications running in the dynamic IT environment fuels the growth of the market. However, heavy dependence on legacy processes is expected to impede the market growth. Furthermore, advancements in AI and its use in application development and high rate of adoption among SMEs is expected to provide lucrative opportunities for the DevOps market growth.

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By component, the solution segment dominated the DevOps market size in 2020, and is expected to continue its dominance in the coming years, owing to the surge in need for continuous and rapid application delivery. In addition, it enables enterprises to increase the overall quality of their software products while still meeting the expectations of their clients. However, service segment witnessed the highest CAGR in the DevOps market, owing to growing demand for DevOps services across various SMEs and large enterprises for improving operational efficiency.

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.

Region-wise, the DevOps market was dominated by North America in 2020, owing to large number of vendors and favorable government policies. Moreover, increase in cloud-enabled activities and growth in cloud marketplace trends such as adoption of multi & hybrid cloud environments and private cloud repatriation in North America are expected to drive the growth of the DevOps market. However, Asia-Pacific is expected to witness growth at the highest rate owing to rapid digital transformation and a large number of new age startups in the region.

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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.

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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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