The global DevOps market size was valued at $ 6.78 billion in 2020, and is projected to reach $57.90 billion by 2030, registering a CAGR of 24.2% from 2021 to 2030.
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Rise in requirement of maintainability & efficiency of operational processes, surge in demand for automated software, and increase in adoption of cloud computing through PaaS solutions drive the growth in the market. However, lack of skilled professionals for development of effective DevOps application restrains the market growth. On the other hand, advent of internet of things (IoT) and shift from traditional data centers to hybrid cloud systems would offer new opportunities in the industry.
Cloud deployment accounted for more than two-third of the total market share in 2017 and will maintain its leadership status by 2023. Moreover, this segment is expected to register the highest CAGR of 20.06% from 2017 to 2023. It is a lucrative segment, owing to low implementation costs, enhanced remote access, ease in availability, and integration of various services such as hybrid cloud usage within DevOps. The research also explores on-premise deployment.
Monitoring & performance management solution contributed to one-third of the total market share in 2017 and is expected to lead in terms of revenue during the forecast period. This is due to its ability to offer insights on scalability and performance patterns for various users and automatically detect all virtual hosts along with an entire visibility of cloud environment. However, lifecycle management is expected to register the highest growth with a CAGR of 20.62% from 2017 to 2023, owing to different features such as simplified compliance reporting, automated development & release processes, audit preparation, and improved flexibility. The report also offers insights on analytics, delivery & operations management, and testing & development.
Large enterprises contributed to more than half of the market share in 2017 and will continue to dominate throughout the forecast period. This is due to high capital investments promoting adoption and increase in need for effective collaboration and operational integration for effective DevOps implementation. However, the SMEs segment is expected to grow at the highest CAGR of 19.57% from 2017 to 2023, owing to surge in demand for faster software delivery and reduced IT expenditure along with rise in number of SMEs across various regions adopting DevOps.
Key market players analyzed in the research include IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, VersionOne, Inc., EMC Corporation, Google, Inc., Red Hat, Inc., and CA Technologies.
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