According to the latest report by IMARC Group, titled “DevOps Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global DevOps market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 21% during 2021-2026.
DevOps is a portmanteau of development and operations, which includes a set of practices for automating processes between software development and information technology (IT). It involves a vast number of cross-functional teams, such as suppliers, partners, developers, business analysts, QA practitioners, security specialists, operations personnel, line-of-business owners, and enterprise and software architects. It promotes better communication, increases the potential to solve critical issues quickly, and helps to deliver applications and services at a high velocity. Moreover, DevOps is secure, cost-efficient and improves the overall quality of the application development process.
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Global DevOps Market Trends:
DevOps helps in addressing a variety of inefficiencies faced during the software development lifecycle. Moreover, as it is practical, more accurate, incurs low maintenance expenditure and assists in reducing coding errors, numerous organizations are shifting toward automated software development. Apart from this, the growing popularity of Artificial Intelligence (AI) and Machine Learning (ML) is also propelling the market growth. AI and ML aid in processing significant amounts of information and performing tedious tasks, thereby enabling the IT staff to do more targeted work and anticipate problems and suggest solutions. Furthermore, with the increasing penetration of the Internet-of-Things (IoT), DevOps has gained immense traction worldwide on account of the co-dependence of the hardware and the embedded software that runs on it.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- CA Technologies
- Cisco Systems
- Amazon Web Services
- Cigniti Technologies
- Hewlett Packard Enterprise Company
- EMC Corporation
- Micro Focus
- Red Hat
- Chef Software
- Docker Inc.
DevOps Market Segmentation:
Our report has categorized the market based on Region, Type, Deployment Model, Organization Size, Tools and Industry Vertical.
Market Breakup by Type:
Market Breakup by Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
Market Breakup by Organization Size:
- Large Enterprises
- Medium-Sized Enterprises
- Small-Sized Enterprises
Market Breakup by Tools:
- Development Tools
- Testing Tools
- Operation Tools
Market Breakup by Industry Vertical:
- Telecommunications and Information Technology Enabled Services (ITES)
- Banking, Financial Services, and Insurance (BFSI)
- Government and Public Sector
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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