Global DevOps Market By Component (Solution and Services), By Deployment Mode (Cloud and On-Premise), By Enterprise Size (Large Enterprises and SME’s), By End-User (IT & Telecom, BFSI, Retail, Manufacturing, Healthcare, Other End-Users), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Nov. 2023
- Report ID: 67475
- Number of Pages: 333
- Format:
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Report Overview
In 2023, the global Development and Operations (DevOps) market accounted for USD 11.2 billion and is expected to grow to around USD 57.3 billion in 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 20.5%.
DevOps (Development and Operations) contains solutions and services that are effective, safe, and secure for the quality of application development. DevOps is a set of practices, tools, and a cultural philosophy that mechanize and adds the method among software development and IT teams. It is a method of software development. It automates the work of software development. DevOps also confirms that communication is consistent. It concentrates on deploying software in the most dependable and secure manner possible, which is not always the fastest.
Note: Actual Numbers Might Vary In The Final Report
DevOps solutions are in high demand as they aid companies in promoting DevOps features and also decrease coding errors. Various organizations across the world are focused on decreasing the time and maintenance of software development operation methods.
Key Takeaways
- Market Growth Projection: The DevOps market is expected to witness a significant expansion, with a remarkable Compound Annual Growth Rate (CAGR) of 20.5%, growing from USD 9.3 billion in 2022 to approximately USD 57.3 billion by 2032.
- Driving Factors: Factors driving the growth of the DevOps market include the increasing popularity of DevOps tools (CAGR: 20.5%) and the rising demand for fast application delivery, cloud technologies, and AI advancements. The high adoption of automated software and the need for enhanced productivity and high-quality software delivery are also contributing to market growth.
- Restraining Factors: Challenges hindering market growth include the high cost of implementing advanced DevOps technologies and the resistance to adopting new tools due to a lack of skilled workforce. Legacy methods and difficulties in implementing DevOps tools are also limiting factors in the market’s growth.
- Key Market Segments:
- Components: Solutions hold the highest market revenue share (58.6%), while services are expected to witness the highest CAGR during the forecast period.
- Deployment Mode: Cloud deployment dominates the market (63%) due to its various advantages such as automation, cybersecurity, and machine learning.
- Enterprise Size: Large enterprises currently dominate the market (56%), while SMEs are anticipated to grow at a CAGR of 17% during the forecast period.
- End-User: The IT & Telecom sector dominates the market (43%), with the manufacturing segment registering a CAGR of 7.6%.
- Latest Trends: The adoption of microservices in DevOps to enhance operational efficiency is a global trend, contributing to the market’s growth by a certain percentage. Moreover, the growing demand for accurate and practical data, along with a reduction in maintenance costs, is fueling market growth by a specific percentage.
- Regional Analysis: North America currently leads the global DevOps market, accounting for a significant revenue share of 35.5%, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
- Key Players and Recent Developments: Some of the key players in the market include Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, and Amazon Web Services, Inc. Recent developments include updates by GitLab and Claranet, as well as Microsoft Corporation’s introduction of new information to its cloud platforms, contributing to the market growth by a certain percentage.
Driving Factors
Increasing Popularity of DevOps Tools to Drive the DevOps Market Growth
DevOps tools are getting popular as they assist the development methods within a joined team while decreasing instances of error. Such equipment’s benefits enhance the security and stability of the software deployment procedures. Rising approval of fast application delivery, cloud technologies, and advancements in AI are the major factors driving the market growth. Increasing the high adoption of automated software fuel the market growth of the DevOps market.
The demand for automated software is increasing owing to the growth of economic conditions and industrialization in emerging countries. Additionally, the hand high switching cost among public and private cloud models stimulated the need for a hybrid cloud model among the various users, thus propelling the market growth. Furthermore, increasing demand for enhanced productivity and high-quality software delivery, and economical operations drive market growth.
Restraining Factors
High Cost of the Advanced Systems Hamper Market Growth
High spending is required for the implementation of advanced DevOps technologies, which is the main factor hindering market growth. Additionally, resistance to implementing new tools and technologies by several organizations due to a lack of skilled workforce is furthermore decreasing the market growth. More dependence on legacy methods results in a decreasing factor for market growth. Difficulties in implementing DevOps tools reduce market growth. Owing to the lack of standardization cause barriers for enterprises.
By Component Analysis
Solution Segment to Witness Significant Growth
The global DevOps market is divided into solutions and services. The solution segment accounted for the highest market revenue share of 58.6% in 2022. The rising approval of automated software to improve partnerships among operations and development teams has encouraged the demand for DevOps solutions. The increasing demand for low capital spending and operational expenditure is driving the segment’s growth.
Solutions are known as the software and tools that bridge the gap between software development, its operations, and quality assurance, which aids to fastly build software products. This solution is used by industry verticals such as banking, retail, government, and public sector. The services segment registers the highest CAGR during the forecast period. Platforms as a service and containerization are the major development, and operations of such services drive the segment’s growth.
By Deployment Mode Analysis
The Cloud Segment Dominates the Market Growth of the DevOps Market
Based on deployment mode, the global DevOps market is categorized into cloud and on-premise. The cloud segment accounted for the maximum market revenue share of 63% in 2022. Due to the widespread approval of policies and IT trends such as loT, containerization, Bring your own device, and virtualization among enterprises.
Cloud technology delivers various demanding abilities such as automation, cybersecurity, and machine learning. The cloud offers availability, faster deployment, and remote location access. Cloud deployment provides low cost for testing and operations and various other benefits. Rising the need for software automation is propelling the requirement for cloud-based DevOps services.
The on-premise segment is dominating during the historical period and is estimated to hold the second-largest market share, Due to the increased concerns over data privacy in cloud environments. The license purchase is mandatory in on-premise deployment, and it is valid for usage within an enterprise It infrastructure.
Note: Actual Numbers Might Vary In The Final Report
By Enterprise Size Analysis
The Large Enterprises Segment Hold the Highest Market Revenue Share During the Forecast Period
Based on the enterprise size, the global DevOps market is categorized into large enterprises and SMEs. Among these, the large enterprise segment dominated the highest market revenue share of 56% in 2022. Large enterprise was among the first to stand in DevOps to enhance quality and productivity, decrease costs related to IT operations, and take a short time to market.
The SME segment is anticipated to grow at a CAGR of 17%. SMEs are remarkable in the approval of DevOps tools to less the application development procedures. It improves the deployment frequency to meet growing business demand and remain maintainable in the highly competitive as well as potential development of the operations industry.
By End-User Analysis
The IT & Telecom Segment Dominated the DevOps Market
Based on the end-user, the global devOps market is divided into government, healthcare, BFSI, IT & Telecom, manufacturing, retail, and others. Among these, the IT & Telecom segment is anticipated to hold the maximum revenue share of 43% in 2022. IT & Telecom faces various challenges, including release timelines, application downtime, and quality assurance.
This industry is particularly using DevOps solutions to automate its methods related to software development, operations, and testing. Thereby enhancing software quality, decreasing delivery time, and enhancing consumer experience. The manufacturing segment registers a CAGR of 7.6% in the market.
Key Market Segments
By Component
- Solution
- Services
By Deployment Mode
- Cloud
- On-Premise
By Enterprise Size
- Large Enterprises
- SME’s
By End-User
- IT & Telecom
- BFSI
- Retail
- Manufacturing
- Healthcare
- Other End-Users
Growth Opportunity
Rising Demand for Streamline Partnership Between IT and Operation Teams
Software development teams should monitor acknowledged best practices to be dependable complements and active contributors in order to keep providing value to consumers. Information among the development and operations teams can be significantly decreased through open and effective communication between members and senior leaders.
The importance of automating and standardizing the movement and deployment of applications in several environments throughout their development in a distribution pipeline, creating strong opportunities for market growth. Increasing approval of loT has offered lucrative opportunities for market growth.
Latest Trends
Approval of Microservices Global Trend in the Market
Approval of microservices in DevOps to emphasize operational effectiveness is the global trend in the market. Developing technology of AI and machine learning is the trend across the globe. Currently, the rising need for DevOps, as they offer accurate and practical data while lowering maintenance costs, represents one of the significant factors fueling the market growth.
Regional Analysis
North America Dominates the Global DevOps Market During the Forecast Period
North America accounted for a significant DevOps market revenue share of 35.5% due to the rising market permeation of software automation tools to offer efficient outcomes across the automotive, manufacturing and retail sections is propelling the U.S. region market growth. Various countries in North America, such as Canada and U.S., are known for their quick technological developments, which have resulted in constant invention over time.
Europe is estimated to hold the second-largest market revenue share during the forecast period. Various banks have organized DevOps in their software procedures, resulting in 25% efficacy augmentation in proposing updates for their applications, such as Internet banking. It has decreased the workload for the IT team so that they can concentrate on providing charge additions to the business procedure of the business.
Asia-Pacific is anticipated to register a CAGR of 19.9% in 2022. Owing to the increase in the number of IT SMEs in the region for the usage of tools to modernize and alert their company portfolio. Due to rising digitalization in the banking sector. Most of the banks have achieved project planning and implementation procedures to maintain efforts to transform customers’ banking experience. Latin America and the Middle East & Africa are estimated to register maximum market revenue share during the forecast period.
Note: Actual Numbers Might Vary In The Final Report
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia
- Netherland
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia
- New Zealand
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Players Analysis
The Key players are focusing on developing custom DevOps tools in the market. The market players have actively updated their present DevOps offerings to make their solutions more available based on custom client demand. Corporations aim to gain high abilities as high exclusions are being placed on the IT department. Various novel players are entering the market because of the widespread realization of the potential of DevOps to address IT project lacks and postponements.
Some of the prominent key players in the DevOps market include SAS Institute Inc., Allscripts Healthcare Solutions Inc., Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, SAP SE, and other key players.
Top Key Players
- Microsoft Corporation
- Google LLC
- IBM Corporation
- Oracle Corporation
- Dell Inc.
- Broadcom Inc.
- Amazon Web Services, Inc.
- Atlassian Corporation
- Red Hat, Inc.
- Other Key Players
Recent Development
- February 2023- GitLab has launched a numeral of small updates to its DevOps software in order to decrease friction and improve user experience.
- May 2022-Claranet, an IT service management corporation, achieved Geko Cloud in Spain. By this achievement, the corporation aims to strengthen its cloud and DevOps group in the region and offer developed cloud consulting services, digital modernization, and microservices.
- October 2022-Microsoft Corporation introduced novel information to its cloud platforms which contain the addition of security and service updates and Kubernetes Fleet Manager.
Report Scope
Report Features Description Market Value (2023) US$ 11.2 Bn Forecast Revenue (2032) US$ 57.3 Bn CAGR (2023-2032) 20.5% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Component- Solution and Services; By Deployment Mode- Cloud and On-Premise; By Enterprise Size- Large Enterprises and SME’s; By End-User- IT & Telecom, BFSI, Retail, Manufacturing, Healthcare, and Other End-Users Regional Analysis North America – The U.S. & Canada; Europe – Germany, France, The UK, Spain, Italy, Russia, Netherlands & Rest of Europe; APAC- China, Japan, South Korea, India, Australia, New Zealand, Singapore, Thailand, Vietnam & Rest of APAC; Latin America- Brazil, Mexico & Rest of Latin America; Middle East & Africa- South Africa, Saudi Arabia, UAE & Rest of MEA Competitive Landscape Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, Dell Inc., Broadcom Inc., Amazon Web Services, Inc., Atlassian Corporation., Red Hat, Inc., and Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the projected market size & growth rate of the DevOps Market?DevOps market accounted for USD 9.3 billion in 2022 and is expected to grow to around USD 57.3 billion in 2032.
What are the top players operating in the DevOps Market?The Major Players are Microsoft Corporation, Google LLC, IBM Corporation, Oracle Corporation, Dell Inc., Broadcom Inc., Amazon Web Services, Inc., Atlassian Corporation, Red Hat, Inc., Other Key Players.
What are the key driving factors for the growth of the DevOps Market?Growing need for fast application delivery coupled with high quality and increasing demand for DevOps solutions and services among enterprises are majority driving growth of the DevOps Market.What are the key benefits of adopting DevOps practices?Some key benefits of adopting DevOps practices include increased deployment frequency, faster time to market, reduced failure rates of new releases, shortened development cycles, and improved collaboration and communication between development and operations teams. DevOps also promotes a culture of continuous improvement and innovation within organizations.
How does DevOps contribute to digital transformation?DevOps plays a critical role in enabling digital transformation by facilitating the rapid and efficient delivery of software products and services. It fosters a culture of collaboration, agility, and innovation within organizations, allowing them to respond quickly to market changes, customer demands, and technological advancements.
How is the DevOps market expected to evolve in the future?The DevOps market is expected to continue its growth trajectory, driven by the increasing demand for agile software development and delivery solutions, the rising adoption of cloud computing and microservices architecture, and the need for enhanced collaboration and automation in the software development lifecycle. The market is also anticipated to see the integration of AI and machine learning capabilities into DevOps processes, enabling organizations to further optimize their software delivery pipelines and infrastructure management.
- Microsoft Corporation Company Profile
- Google LLC
- IBM Corporation
- Oracle Corporation
- Dell Inc.
- Broadcom Inc.
- Amazon Web Services, Inc.
- Atlassian Corporation
- Red Hat, Inc.
- Other Key Players
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