According to the latest report by IMARC Group, titled, “DevOps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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 is an emerging set of practices and tools that enable collaboration and communication between software development and IT operations teams. Its goal is to align the objectives of development and operations teams and to ensure that application services are delivered in a continuous, reliable, and efficient manner. By streamlining the process of software delivery, it enables organizations to quickly and reliably deliver high-quality applications and services. Automation is used to streamline the software delivery process by automating application building, testing, and deployment. In addition to automation, it also enables the use of continuous integration and continuous delivery (CI/CD) practices. This helps organizations respond quickly to customer feedback and deploy new features and updates in a timely manner.
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Industry Demand:
The escalating demand for automation majorly drives the global market. Along with this, the collaboration between automation, analytics, and DevOps aid in reducing costs associated with application development, testing, and deployment as well as the amount of time and resources needed for developing applications, is significantly supporting the market. Along with this, the widespread adoption of DevOps among organizations to improve the quality of applications is positively influencing the demand as it helps teams identify and fix bugs quickly, resulting in higher-quality applications. Moreover, several companies are offering DevOps-as-a-Service solutions to decrease the cost and complexity of managing their DevOps environment, creating a positive market outlook.
Competitive Landscape with Key players:
Also, Read Top DevOps Companies Worldwide
Industry Growth: In addition, the growing deployment of cloud infrastructure with DevOps is providing a thrust to the market as it provides a comprehensive suite of tools for automating the provisioning, management, and scaling of cloud infrastructure. Apart from this, the growing trend of containerization, which involves the provision of tools and services to help customers package, deploy, and manage their applications in containers, is further driving the market across the globe. In line with this, numerous companies are providing customers with services and products to help them monitor and report on their DevOps environment, including real-time dashboards to monitor performance, alerts to detect anomalies, and historical reports to help customers identify areas of improvement, is creating a positive market outlook. Some of the other factors driving the market include rapid digitization and continual technological advancements.
Key Market Segmentation:
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Key Highlights of the Report:
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