DevOps Market Size, Share, Growth Trends & Forecast 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

DevOps Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $29.79 billion In 2028 At A CAGR Of 23.5% :

The devops market size has grown exponentially in recent years. It will grow from $10.56 billion in 2023 to $12.8 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increased demand for scalability, industry recognition and best practices, maturation of devops tools and ecosystem, increased demand for continuous integration and deployment..

The devops market size is expected to see exponential growth in the next few years. It will grow to $29.79 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to focus on developer experience, continuous integration and continuous delivery (ci/cd) maturity, collaboration across devops teams, multi-cloud and hybrid cloud strategies, increased emphasis on observability.. Major trends in the forecast period include no-code/low-code devops tools, shift-right testing, site reliability engineering (sre) adoption, event-driven architectures, maturation of devops toolchains..

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DevOps Market Major Segments
The devops market covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment Model: On-Premise, Cloud
3) By Enterprise Size: Large Enterprise, Small & Medium Enterprises
4) By Industry Vertical: Information Technology & Telecom, Banking, Financial Services, and Insurance, Retail, Government And Public Sector, Manufacturing, Healthcare, Other Industry Verticals

Key Driver - Increasing Need For Bridging The Gap Between It And Operations Teams Drives The Devops Market

The increasing need for bridging the gap between IT and operations teams is propelling the growth of the DevOps market. The rapid growth in teams including multiple offices, shift in business operations towards virtual offices, and off-site contractors have increased the gap between IT and operational teams, and affecting the business operations and productivity. The companies operating in software development sectors are increasingly focusing on acquiring innovative DevOps tools and services to automate certain management functions and software deployment processes. According to a Harvard Business School study, poor collaboration between teams and inefficient work reduced productivity by 2% to 3%. Therefore, an increased need to bridge gaps between IT and operations teams is expected to boost the utilization of DevOps tools and services during the forecast period.

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Prominent Trend - Technological Advancements In The Devops Market

Technological advancements are the latest trend gaining popularity in the DevOps market. The companies in the DevOps market are incorporating innovative technologies like machine learning (ML) and Artificial intelligence (AI) to offer technologically products, which are cost-effective and operationally beneficial. For instance, in March 2022, Rocket Software, a US-based software development company, launched Rocket DevOps v10 Software, a modernization platform designed specifically to enable end-to-end continuous integration continuous delivery (CI/CD) for multi-code environments that include the IBM i platform. With Rocket DevOps, organizations can enable end-to-end DevSecOps, build structure through automation and controls, and enable non-RPG talent to engage and support the IBM i DevOps process.

DevOps Market Players
Major companies operating in the devops market report are Amazon Web Services Inc., Broadcom Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft Corporation, Oracle Corporation, Dell Technologies Inc., Micro Focus International Plc, SAP SE, Atlassian Corporation Plc, GitLab Inc., Red Hat Inc., Chef Software Inc., Puppet Labs Inc., CloudBees Inc., Electric Cloud Inc., XebiaLabs Inc., CollabNet VersionOne Inc., CA Technologies, Clarive Software S. L., Docker Inc., SaltStack Inc., Spirent Communications plc, Twistlock Ltd., Sysdig Inc., New Relic Inc., PagerDuty Inc., Datadog Inc., Sumo Logic Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the DevOps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the devops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. DevOps Market Report Structure
3. DevOps Market Trends And Strategies
4. DevOps Market - Macro Economic Scenario
5. DevOps Market Size And Growth
…..
27. DevOps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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