Panaji Journal

Devops Market Report 2023

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:

• IBM
• Microsoft
• Oracle
• CA Technologies
• Google
• Cisco Systems
• Amazon Web Services
• Cigniti Technologies
• Hewlett Packard Enterprise Company
• EMC Corporation
• VersionOne
• Micro Focus
• Puppet
• Red Hat
• GitLab
• Chef Software
• Docker Inc.
• Atlassian

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:

Breakup by Type:

• Solutions
• Services

Breakup by Deployment Model:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Breakup by Organization Size:

• Large Enterprises
• Medium-Sized Enterprises
• Small-Sized Enterprises
•  

Breakup by Tools:

• Development Tools
• Testing Tools
• Operation Tools

Breakup by Industry Vertical:

• Telecommunications and Information Technology Enabled Services (ITES)
• Banking, Financial Services, and Insurance (BFSI)
• Retail
• Manufacturing
• Healthcare
• Government and Public Sector
• Others

Breakup by Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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