DevOps Industry Statistics: Growth Analysis Presentation Scenario with Key Industry Players
The need to reduce downtime in the software development lifecycle with efficient collaboration is expected to drive the growth of the DevOps market in the near future.
PORTLAND, OR, USA, Jan 10, 2022 /EINPresswire.com/ – The rise of application development due to the growing number of digital companies and the proliferation of digitization in various industries are major factors which are expected to drive the growth of the Global DevOps Industry during the forecast period. DevOps practices have changed the way companies and software producers develop their applications, digital platform, and digital services. The global market has seen significant growth with new innovations in software development processes and tool sets that effectively support software delivery and infrastructure management. With the growing need to meet diverse consumer demands, every application needs to be upgraded and support new features. It is also a factor driving the demand for DevOps among digital businesses.
According to a new report from Allied Market Research, titled “DevOps Industry by Solution, Deployment, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023”, the global size of the DevOps industry was estimated at 2,885 million. in 2016, and is expected to reach $ 9,407 million by 2023, with a CAGR of 18.7% from 2017 to 2023.
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In 2016, the cloud segment accounted for the highest share of the DevOps industry and is expected to experience the highest growth rate from 2017 to 2023, due to the high demand for cloud computing services and the need for better management of applications such as agile management. , portfolio management, application performance management, application experience analysis, and service management. Deployment in the cloud offers effective solutions for real user experience feedback and infrastructure management. Additionally, it manages risk in complex environments, delivers multi-layered applications, and reduces risks associated with automated cloud compliance.
The adoption of DevOps in large enterprises is comparatively higher than in SMEs, due to the capital investment capabilities and the requirement for short development cycles. This in turn is attributed to propelling the adoption of DevOps among large enterprises and supporting the growth of the market in the years to come. Additionally, the need for operational integration and effective collaboration creates the need for effective DevOps implementation in large enterprises, which is further expected to positively impact the growth of the DevOps industry.
North America was the largest contributor to global DevOps industry revenue in 2016, due to increased adoption of process automation software, low cost of process automation setup and maintenance service. Additionally, improved operational efficiency and increased demand for automated business process implementation among companies in key countries, such as the United States, Canada, and Mexico, has prompted major vendors to invest. in the development of DevOps solutions in these regions. Asia-Pacific DevOps industry is expected to grow at the highest rate during the forecast period, owing to the increased demand for the implementation of automated business processes among companies in China, Singapore, Australia and South Korea.
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Main conclusions of the study:
• By type of solution, the monitoring and performance management segment dominated the DevOps industry in 2016, with a CAGR of 15.5% from 2017 to 2023. However, the lifecycle management segment is expected to show significant growth over the forecast period in the DevOps industry.
• In terms of deployment, the cloud segment dominated the DevOps industry share in 2016. However, the on-premises segment is expected to show significant growth during the forecast period.
• By company size, the large enterprise segment dominated the DevOps industry in 2016. However, the small and medium enterprise segment is expected to show significant growth during the forecast period.
• Regionally, Asia-Pacific is expected to experience significant growth in CAGR terms in the coming years, while North America dominated in terms of revenue in 2016.
Some of the major market players presented in the DevOps Industry Analysis include IBM Corporation, Oracle Corporation, Amazon Web Services, Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, EMC Corporation, VersionOne, Inc., Red Hat, Inc., Google, Inc. and CA Technologies. The major players operating in this market have witnessed a significant adoption of strategies which include business expansion and partnership to reduce the gap between supply and demand. With the increase of Big Data initiatives across the globe, major players have collaborated with their product portfolio to deliver differentiated and innovative products. This study includes market analysis, trends and future estimates to determine impending pockets of investment.
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