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Continuous Integration Tools Market Report 2024 - Continuous Integration Tools Market Share And Trends
Continuous Integration Tools Market
According to The Business Research Company's, The continuous integration tools market size has grown exponentially in recent years. It will grow from $1.94 billion in 2023 to $2.37 billion in 2024 at a compound annual growth rate (CAGR) of 22%. The growth in the historic period can be attributed to increasing adoption of software-based business processes, rapid software development cycles, rising spending on cloud computing, growing demand for ci tools in all industry verticals, increasing demand for reduced complexities in software development and cost optimization.
The continuous integration tools market size is expected to see exponential growth in the next few years. It will grow to $5.3 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to increasing demand for reduced complexities in software development and cost optimization, demand for devops techniques, growing concern for data security, high demand of automation in the software development process, demand for infrastructure as code (IAC). Major trends in the forecast period include cloud-native CI/CD solutions, AI and machine learning integration, serverless ci/cd, infrastructure as code (IAC) integration, compliance automation.
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Market Drivers and Trends:
The rising spending on cloud computing is expected to propel the growth of the continuous integration tools market going forward. Cloud computing refers to delivering hosted computing services and IT resources over the internet with pay-as-you-go pricing. Cloud computing offers flexibility and agility, empowering organizations to quickly deploy new applications, services, and resources. Continuous Integration tools enhance the agility, scalability, and reliability of software development processes in cloud computing environments, empowering organizations to deliver high-quality software products faster and more efficiently. For instance, in March 2024, according to a report published by Deltek (GovWin IQ), a US-based network for businesses and professionals, estimates that federal cloud computing spending in 2023 will be $19.2 billion, increased from $13.0 billion in 2022. Therefore, rising spending on cloud computing is driving the growth of the continuous integration tools market.
Major companies operating in the continuous integration tools market are developing innovative technologies, such as quality integration frameworks, to expand CI/CD and AI-driven testing capabilities within their DevOps platform. A quality integration framework is a structured approach or system that integrates data, methods, and activities to enhance quality and cost-effectiveness within a specific context. For instance, in September 2022, Copado Solutions, S.L., a US-based low-code DevOps solution, launched the Quality Integration Framework. This framework allows users to embed end-to-end testing, security, and compliance into CI/CD pipelines, providing a user-story-centric view of tests, quality gates, policies, security, and compliance rules in one place where CI/CD pipelines are managed, offering users the flexibility to choose their preferred authoring mode and integrate various testing, security, and compliance tools seamlessly into their development pipeline.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Microsoft Corporation, Amazon Web Services Inc, International Business Machine Corporation, Oracle Corporation, Broadcom Inc, Infosys Limited, Micro Focus International plc, Atlassian Corporation plc, Informatica Inc, Thoughtworks Inc, Circle Internet Services Inc, GitLab Inc, JetBrains s.r.o, Cloudbees Inc, VSoft Technologies Inc, Puppet Inc, SmartBear Software Inc, Bitrise, Nevercode Ltd, Electric Cloud Inc, Harness Inc, Travis CI GmbH, Buildkite Pty. Ltd, Autorabit Inc, AppVeyor Systems Inc
Continuous Integration Tools Market 2024 Key Insights:
• The continuous integration tools market size is expected to see exponential growth in the next few years. It will grow to $5.3 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%.
• Increased Spending On Cloud Computing Boost The Growth Of Continuous Integration Tools Market
• Evolution Of Continuous Integration And DevOps
• North America was the largest region in the continuous integration tools market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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