The global DevOps market is likely to gain momentum from the ability of the software solutions to aid in enhancing a company’s’ speed to provide improved services and applications to the consumers. Besides, they offer automation and it thereby, helps employees in doing innovative work rather than spending time on low-value tasks. This information is published in a recent study by Fortune Business Insights™, titled, “DevOps Market Size, Share & Industry Analysis, By Offering (Software, Services), By Deployment (Public Cloud, Private Cloud, and Hybrid), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Industry (BFSI, Retail, Government, Manufacturing, IT & Telecommunication, Healthcare, and Others), and Regional Forecast, 2019-2026.” As per the study, the global DevOps market size is projected to reach USD 14,969.6 million by 2026, exhibiting a CAGR of 19.1% during the forecast period. Whilst, it stood at USD 3,709.1 million in 2018.
This Report Answers the Following Questions:
What are the development to operations market trends and growth drivers?
How many significant key players are present in the market?
Which business strategies are being used by the industry giants to gain success?
What are the most niche areas present in the market?
What are the crucial opportunities and challenges in the market?
High Demand for Operational Flexibility to Propel Growth
DevOps tools are aiding in strengthening the development process in an organization and are decreasing the chances of making errors. Hence, they are gaining more and more popularity, especially in the IT sector. These tools also support stability and security of the software deployment process. According to one of our lead analysts, “Containerization and platform-as-a-service are some of the current market trends that are accelerating the DevOps market growth. These services are simplifying the implementation and adoption of DevOps in various industries.” Apart from these, there is an increasing demand for the penetration of Internet of Things (IoT), client satisfaction, and high operational flexibility in the industry. These factors would also boost growth.
Increasing Number of SMEs to Favor Growth in Asia Pacific
In terms of geography, the market is fragmented into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. Out of these, North America acquired USD 1,829.4 million DevOps software market revenue in 2018. This growth is attributable to the rising adoption of DevOps solutions in the BFSI, retail, and IT & telecommunication industries. Europe would also showcase a healthy growth because of the increasing deployment of these software solutions in several banks. It has resulted in around 25% efficiency enhancement in internet banking by cutting off the workload of the IT operation teams. Asia Pacific, on the other hand, is set to exhibit the highest CAGR in the coming years owing to the up surging demand for automated software in countries, namely, China, Japan, and Singapore. Additionally, the number of small and medium enterprises (SMEs) is increasing day by day in these countries. It is, in turn, causing a high demand for DevOps tools to agile and streamline the business operations.
Fortune Business Insights™ lists out some of the most prominent companies operating in the DevOps market. They are as follows:
Amazon Web Services, Inc.
Atlassian Corporation Plc.
Red Hat, Inc.
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