USD 8 billion
Report ID:
SQMIG45A2154 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
76
Global Devops Market size was valued at USD 8 billion in 2022 and is poised to grow from USD 9.93 billion in 2023 to USD 22.36 billion by 2031, growing at a CAGR of 20% in the forecast period (2024-2031).
In recent years, the global Devops market has exhibited a dynamic landscape due to the increasing need for streamlined software development and IT operations.
To enhance collaboration, automate workflows, and accelerate the delivery of applications organizations across various industries are adopting Devops practices. The continuous integration and continuous delivery (CI/CD), fostering agility and efficiency are key drivers.
Additionally, Cloud-based Devops solutions are gaining prominence, enabling scalability and flexibility. The market is characterized by a competitive ecosystem with major players like Microsoft, AWS, and Google Cloud offering comprehensive Devops platforms.
Rising demand for faster time-to-market, improved software quality, and efficient collaboration positions Devops as a critical component of modern software development methodologies.
Global Market Size
USD 8 billion
Largest Segment
jenkins
Fastest Growth
Continuous Integration/ Continuous Delivery
Growth Rate
20% CAGR
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The global devops market is segmented into four major segments i.e. by devops toolchain, deployment mode, verticals, and region. Based on devops toolchain, it is divided into continuous integration, continuous delivery, continuous deployment, continuous testing, monitoring and logging, and other innovative formats. Based on deployment mode, it is bifurcated as on-premises and cloud-based. Based on verticals it is segregated into, IT and telecommunications, BFSI (banking, financial services, and insurance), healthcare, retail, manufacturing, government and public sector, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Devops Toolchain
The open-source nature, extensive plugin ecosystem, and widespread community adoption contribute to its prominence has helped jenkins to historically be a dominant force in the Devops toolchain. Moreover, Many organizations rely on Jenkins for robust continuous integration and continuous delivery (CI/CD) pipelines.
Due to offers of an integrated platform combining version control, CI/CD, and collaboration tools, GitLab CI/CD is positioned for rapid growth. Its all-in-one approach appeals to organizations seeking a unified Devops solution, simplifying the development lifecycle and fostering collaboration. The toolchain is also propelled by its comprehensive platform, consolidating key Devops functionalities in a single environment. This integrated approach reduces toolchain complexity, streamlines workflows, and aligns with the trend toward unified Devops solutions.
Analysis by Distribution Channel
As IT and telecommunications sectors are early adopters of Devops practices they are likely to dominate the Devops market. The vertical is driven by the need for agility, rapid development cycles, and continuous delivery in software development. The need for swift response to market changes and customer demands drives continuous integration and delivery practices.
The healthcare sector is positioned for rapid growth in devops adoption. The increasing digitization of healthcare services, the demand for faster application development, and the imperative for secure and compliant software make Devops practices crucial. Devops facilitates the rapid development and deployment of healthcare applications, supporting innovations like telemedicine and enhancing overall operational efficiency.
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North America has historically dominated the devops market as it has been an early adopter of Devops practices, with a mature technology ecosystem, a high concentration of tech-savvy enterprises, and a strong emphasis on innovation and agility. The region's enterprises, particularly in the United States, often lead in implementing Devops practices to gain a competitive edge, enhance agility, and accelerate software development.
The Asia-Pacific region is expected to be the fastest-growing market for devops. Rapid digital transformation, increased IT spending, and a growing number of enterprises adopting Devops practices contribute to the region's robust growth. Countries like India, China, and Australia are witnessing significant Devops adoption.
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Drivers
Increasing Need for Organizations to Enhance Agility
Restraints
High Complexity Associated with Transitioning to Devops Practices
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The competitive environment of the Devops market is dynamic and marked by a diverse array of players, ranging from established technology giants to innovative startups, each contributing to the market's dynamism. At the same time, specialized providers like Atlassian and Jenkins contribute niche tools for specific Devops functions. The market witnesses ongoing mergers, acquisitions, and partnerships as companies strive to enhance their offerings and broaden their market reach. Open-source tools, including Git and Jenkins, maintain a significant presence, reflecting the community-driven nature of Devops practices.
Top Player’s Company Profiles
Recent Developments
Dell Inc. purchased Moogsoft, a provider of sophisticated monitoring solutions that assist DevOps and ITOps, in September 2023.
In February 2023, GitLab released many minor upgrades to their DevOps software suite with the goal of improving user experience and decreasing friction. Versions 15.3 through 15.8 have been released so far in the monthly cycle, and version 15.9 is expected to be released by the end of February. The first machine-learning-powered feature of Gitab improves the approval process for merge requests; other notable fixes and updates include new functionality for Dynamic Application Security Testing (DAST) and improvements to GitOps.
July 2023 will see Gitlab introduced many minor changes to their DevOps software package in an effort to improve user experience and decrease friction. Versions 15.3 through 15.8 and 15.9 have shown the monthly cycles, as was predicted at the end of February. Gitlab's new dynamic application security testing technologies have improved the platform.
Rising Integration of Security Practices into the Devops Workflow
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global devops market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by the growing demand for accelerated software development and enhanced collaboration between development and operations teams. Continuous integration and continuous delivery (CI/CD) solutions are key drivers, fostering agility and efficiency. However, organizational resistance to cultural shifts and security concerns pose restraints. Product-wise, comprehensive devops platforms by major players dominate. Regionally, North America leads with early adoption, while Asia-Pacific displays significant growth. Key trends include the rise of DevSecOps, cloud-native Devops, AIOps integration, and an emphasis on value stream management, reflecting the industry's continuous evolution.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8 billion |
Market size value in 2031 | USD 22.36 billion |
Growth Rate | 20% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Devops Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Devops Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Devops Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Devops Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Product ID: SQMIG45A2154