DevOps Market Expected to Reach $9,407 Million, Globally, by 2023

According to a new report by Allied Market Research, titled, DevOps Market by Solution, Deployment, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global DevOps market was valued at $2,885 million in 2016, and is projected to reach $9,407 million by 2023, growing at a CAGR of 18.7% from 2017 to 2023. The lifecycle management segment is anticipated to grow at the highest growth rate during the forecast period.

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North America was the highest revenue contributor in the global DevOps market in 2016, due to increase in adoption of process automated software, low cost of process automation set-up and maintenance service. Furthermore, enhancement in operational effectiveness and increased demand for automated business process implementation among enterprises in the key countries, such as the U.S., Canada, and Mexico, have directed the key vendors to invest in the development of DevOps solutions of these regions. The Asia-Pacific DevOps market is expected to grow at the highest rate during the forecast period, owing to the increase in demand for automated business process implementation among enterprises in China, Singapore, Australia, and South Korea.

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Key Findings of the DevOps Market Study

• The monitoring & performance management segment accounted for the highest share in the global DevOps industry in 2016, growing at a CAGR of 15.5% from 2017 to 2023.
• The DevOps solutions market is estimated to witness the highest growth rate of 18.7%.
• North America DevOps market generated the highest share of $1,398 million, in terms of revenue, in 2016.
• The cloud segment accounted for the highest share of revenue in 2016, and is expected to witness the highest growth rate during the forecast period.

In 2016, the cloud segment accounted for the highest share in the DevOps market, and is expected to witness the highest growth rate from 2017 to 2023, owing to the high demand for cloud computing services and need for better management of applications such as agile management, portfolio management, application performance management, app experience analytics, and service management. Cloud deployment offers efficient solutions for real user feedback and infrastructure management. Furthermore, it manages risk across complex environments, provides multi-tier applications, and reduces risk associated with automated cloud compliance.

The key players profiled in the DevOps market are 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 These players have adopted competitive strategies, such as partnership, product portfolio expansions, and collaborations, to augment the growth of the DevOps market.

Key Market Players

• IBM Corporation
• Oracle Corporation
• Amazon Web Services, Inc.
• Hewlett Packard Enterprise Development LP
• Microsoft Corporation
• EMC Corporation
• VersionOne, Inc.
• Red Hat, Inc.
• Google, Inc.
• CA Technologies

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The global DevOps market was valued at $2,885 million in 2016, and is expected to reach at $9,407 million by 2023, growing at a CAGR of 18.7% from 2017 to 2023. The global DevOps market is expected to witness significant growth during the forecast period, owing to significant adoption among industries for better automation of processes.

DevOps offers solutions to various applications, such as application management, continuous delivery, software development & testing, fast forward product innovation, and others. Furthermore, it helps to mechanize complex IT processes by delivering high-end benefits to the users.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Posted by alliedanalytics on Monday October 08 2018, 3:30 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0