Global DevOps Market is Forecasted to Value Over USD 12.6 Billion by 2026 End

  • 26 Jun 2019

The Global DevOps Market is forecasted to value over USD 12.6 billion by 2026 end and grow at a CAGR of over 17.5% during the forecast period 2019 to 2026.  

IT industry is currently facing some shortcomings like missing deadlines, inefficient IT projects, outages during or after implementation and lack of quality in application development projects thus costing huge sums of money than expected. Development and Operations (DevOps) connects the technical operations, development and quality assurance in a way that the entire process is structured finely with well-defined inputs and clear roles. DevOps tools are required on a huge demand as they reduce coding errors. The tools also enhance operational process efficiency. Using these tools ensures maintainability and security of operational processes. One of the key factors boosting the global DevOps market growth is the increasing adoption of cloud. Introduction of concepts like containerization and platform as a service (PaaS) will further push forward the global market. The growing emphasis on customer satisfaction, increasing penetration of the internet of things (IoT) and operational agility are some of the factors that are currently driving the DevOps market. Deploying IoT systems is a very complex task but with the help of DevOps tools, this task can be simplified. Thus the growth of IoT is helping the growth of the DevOps market.

Insights on Global DevOps Market:
1.    By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the World
North America is adopting cloud technology at a rapid rate which is one major reason for this region to hold the major market share and is expected to dominate the market during the forecast period as well. Asia Pacific is a fast-growing region due to an increase in the adoption of DevOps tools. The reason for this adoption rate is the increase in the number of IT companies in the region who would use these DevOps tools for streamlining their business operations. 

2.    By Industry Vertical
•    IT and Telecom
•    BFSI
•    Government and Public Sector
•    Healthcare
•    Energy and Utilities
•    Media and Entertainment
•    Education
•    Retail
•    Manufacturing
The IT industry accounts for a major share of the global market due to the introduction of cloud computing and is expected to grow consistently during the forecast period. It is followed by BFSI industry due to an increase in mobile and online transactions along with a demand for better consumer solutions are driving the market in a positive direction. 

3.    By Organization Size
•    Large Enterprises
•    Small and Medium-sized Enterprises
The large enterprises segment currently holds the major market share. But it is anticipated that the SME segment will witness a high CAGR during the forecast period due to an increase in the number of SME’s across regions providing digital services. 

4.    By Deployment
•    Hybrid Cloud
•    Private Cloud
•    Public Cloud
The hybrid cloud uses a mix of private cloud, public cloud and on-premises cloud. Therefore, it provides agility to the business operations as an enterprise can combine on-premises, private and public clouds for making their business operations seamless giving themselves a competitive advantage and that is the reason this market segment is growing at a higher rate and is expected to stay consistently high during the forecast period.

Competitive Landscape:
•    Amazon
•    Microsoft Corp.
•    IMB Corp.
•    Hewlett Packard Enterprise
•    Cisco Systems
•    Clarizen Inc.

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global DevOps market by region, by industry vertical, by organization size, by deployment
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 


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