DevOps Market to Grow Exponentially at 18.27% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the DevOps Market, The Global DevOps Market is projected to grow at a CAGR of around 18.27% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the DevOps Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 18.27%

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Global DevOps Market Segmentation Breakdown:

The DevOps Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Type
- Solutions- Market Size Forecast 2018-2028, USD Million
  - Management DevOps-- Market Size Forecast 2018-2028, USD Million
    - Continuous Business Planning- Market Size Forecast 2018-2028, USD Million
  - Delivery DevOps- Market Size Forecast 2018-2028, USD Million
    - Continuous Collaborative Development- Market Size Forecast 2018-2028, USD Million
    - Continuous Integration and Testing-- Market Size Forecast 2018-2028, USD Million
  - Operation DevOps- Market Size Forecast 2018-2028, USD Million
    - Continuous Deployment- Market Size Forecast 2018-2028, USD Million
    - Continuous Monitoring Feedback- Market Size Forecast 2018-2028, USD Million
  - Service- Market Size Forecast 2018-2028, USD Million
    - Container Services- Market Size Forecast 2018-2028, USD Million
    - API Services- Market Size Forecast 2018-2028, USD Million
    - Professional Services- Market Size Forecast 2018-2028, USD Million
    - Managed Services- Market Size Forecast 2018-2028, USD Million

Of them, the Solutions type in DevOps is used by companies to streamline software development by enhancing communication between development operation teams.

By Deployment
- On-premise- Market Size Forecast 2018-2028, USD Million
- Cloud- Market Size Forecast 2018-2028, USD Million
  - Public Cloud- Market Size Forecast 2018-2028, USD Million
  - Private Cloud- Market Size Forecast 2018-2028, USD Million
  - Hybrid Cloud- Market Size Forecast 2018-2028, USD Million
- By Organization Size
  - Large Enterprises- Market Size Forecast 2018-2028, USD Million
  - Small and Medium Enterprises- Market Size Forecast 2018-2028, USD Million
- By Vertical
  - BFSI- Market Size Forecast 2018-2028, USD Million
  - IT Telecom- Market Size Forecast 2018-2028, USD Million
  - Healthcare- Market Size Forecast 2018-2028, USD Million
  - Retail- Market Size Forecast 2018-2028, USD Million
  - Government Public Sector- Market Size Forecast 2018-2028, USD Million
  - Manufacturing- Market Size Forecast 2018-2028, USD Million
  - Media Entertainment- Market Size Forecast 2018-2028, USD Million
  - Others (Energy Utility, Education, etc.)- Market Size Forecast 2018-2028, USD Million

The BFSI sector has undergone rapid digital transformation due to government initiatives in countries like India, Canada, Singapore, etc.

Geographical Growth Insights:

By Region

North America
South America
Europe
Middle East Africa
Asia-Pacific

North America witnessed high adoption of DevOps practice due to the presence of advanced IT infrastructure, the existence of a large number of IT firms, and favorable IT regulations.

MarkNtel Advisors Highlights Key Market Drivers for DevOps Market:

Surging Adoption of Microservices Service Virtualization to Augment the Market Growth - The surging adoption of microservices service visualization by a wide range of organizations across industries such as finance, healthcare, e-commerce, etc., has positively impacted the demand for DevOps as these services require a collaborative agile approach for software development, provided by such practices. Companies like Netflix, Uber, Airbnb, etc., have adopted microservice architecture by leaving behind the monolithic architecture to improve scalability. The adoption of these practices makes software development more complex, therefore the demand for DevOps practices to manage the deployment of these architectures was high during the historical period.

Moreover, in the countries like the UAE, Saudi Arabia, Singapore, etc., the governments are planning to expand their healthcare, finance, and e-commerce sectors, and these sectors would subsequently enhance the demand for microservices service virtualization, which would positively impact the market growth during the forthcoming period.

A Comprehensive Analysis of Leading Companies in Global DevOps Market

Atlassian Corporation
C A Technologies (Broadcom)
Amazon Web Services, Inc. (AWS)
IBM Corporation
Microsoft Corporation
Dell Technologies LLC
Google LLC
Micro Focus International PLC
Hashi Corp
Oracle Corporation
Gitlab Inc
Rackspace Technologies
Cigniti Technology
Perforce Software, Inc.
Chef Software, Inc.
JFrog Ltd
Digital AI
SmartBear Software Inc.
Others

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/devops-market.html

Global DevOps Market Recent Developments

2023: GitLab announced providing remote developers with access to a more secure continuous integration/continuous delivery (CI/CD) platform while at the same time adding a dashboard that makes it simpler to track the overall status of application development projects.
2023: Atlassian announced the general availability of Jira Product Discovery, a new tool that would help product managers their teams prioritize, collaborate on, and deliver new product ideas to help them build products that make a real impact.

Global DevOps Market Growth Opportunity:

Surging Cloud Adoption to Provide New Opportunities to the Market Players - Cloud computing helps enterprises to reduce their IT costs supplement their scalability flexibility owing to companies planning to increase their cloud adoption in the coming years. According to the Nutanix cloud index report for 2021, all companies are increasing the adoption of cloud services. Moreover, as per the survey, 56% of respondents said they’ve already adopted multi-cloud, and 80% plan to do so in the next 3 years. Similarly, as per the 2023 Technology Spending Intentions Survey from Enterprise Strategy Group, about 71% of decision-makers of mid-market enterprise companies plan to develop deploy the cloud-native application in 2023, and approximately 59% of the respondents indicated that spending on cloud applications would increase post-2023. hence, this would create an opportunity for the market player to provide tools services that would help them to adopt implement DevOps practices in the future years.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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