DevOps Market Size, Share, Price, Growth, Report and Forecast 2023-2028
According to the report by Expert Market Research (EMR), the global DevOps market size reached a value of approximately USD 9.2 billion in 2022. Aided by the surging demand for rapid software delivery and the expanding use of DevOps practices across various sectors, the market is projected to further grow at a CAGR of 25% between 2023 and 2028 to reach a value of USD 36.3 billion by 2028.
DevOps is a combination of cultural philosophies, practices, and tools designed to increase an organisation’s ability to deliver applications and services at a rapid pace. It bridges the gap between development (Dev) and operations (Ops), leading to shorter development cycles, increased deployment frequency, and more dependable releases, all in alignment with business objectives.
The rising need for faster software delivery and enhanced operational efficiency is driving the global DevOps market growth. As businesses strive to meet the demands of their customers while navigating an increasingly competitive landscape, the ability to deliver software updates and enhancements becomes critical swiftly and effectively.
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Additionally, the shift towards digitisation has led to a higher adoption rate of DevOps practices across various industries such as IT, BFSI, retail, and healthcare, thus increasing the DevOps market demand. These industries use DevOps to automate and standardise the processes for infrastructure deployment, reducing errors and improving the overall efficiency of operations.
The expanding applications of DevOps across various sectors contribute significantly to the DevOps market expansion. In the IT sector, DevOps aids in reducing the time for systems development while ensuring the high quality of the software. In the healthcare sector, DevOps helps manage and streamline patient data, leading to improved patient care. Meanwhile, in the BFSI sector, DevOps practices enhance the speed and efficiency of services, enriching customer experience.
Moreover, DevOps’ role in leveraging the cloud also drives the DevOps market development. The synergy between DevOps and cloud computing can enhance the scalability and flexibility of organisations, enabling them to quickly adjust their infrastructure according to the changing business needs.
Looking forward, the increasing adoption of AI and machine learning in DevOps is set to boost the DevOps market further. AI and machine learning can help automate repetitive tasks, predict errors, and provide intelligent insights, thus enhancing the DevOps workflows.
DevOps Market Segmentation
The market can be divided based on type, deployment model, organisation size, tools, industry vertical, and region.
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Market Breakup by Type
• Solutions
• Services
Market Breakup by Deployment Model
• Public Cloud
• Private Cloud
• Hybrid Cloud
Market Breakup by Organisation Size
• Large Enterprises
• Small and Medium-Sized Enterprises
Market Breakup by Tools
• Development Tools
• Testing Tools
• Operation Tools
Market Breakup by Industry Vertical
• Telecommunications and Information Technology Enabled Services (ITES)
• Banking, Financial Services, and Insurance (BFSI)
• Retail
• Manufacturing
• Healthcare
• Government and Public Sector
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global DevOps companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Broadcom Inc
• Atlassian Corporation Plc
• Google LLC
• Amazon Web Services, Inc.
• Cigniti Technologies Limited
• Dell Technologies Inc.
• Open Text Corporation
• Others
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