Based on a report by Grand View Research, Inc., the global development to operations (DevOps) market is anticipated to value USD 12.85 billion by 2025. Growing requirement for advanced tools and practices that can support companies to drive integration, automation, collaboration, and communication of software development and IT operations can fuel DevOps market growth. Such tools address inefficiencies faced across the software development cycle. In addition, they enable enterprises to automate software development and testing lifecycle by standardizing deployment of code across various environments. Moreover, DevOps enable developers to integrate continuous feedback loop to reduce response time and continuously release software based user feedback and usage behavior.
Growing adoption of cloud technologies for service virtualization, containerization, Platform as a Service (PaaS), and micro services can drive market growth. Increasing investments in IT concepts such as mobility, Internet of Things (IoT), and Bring Your Own Device (BYOD) can stimulate growth of the DevOps market over the next few years. Rising need for automated software solutions attributed to numerous cost benefits can spur market growth during the forecast period (2014 to 2025).
Full Research Report On Development To Operations (DevOps) Market Analysis:
The worldwide development to operations market can be segregated on the basis of deployment, enterprise size, application, and region. Based on deployment, the market can be categorized into cloud and on-premise. Cloud deployment is likely to be the dominant segment over the forecast period. Continual technological advancements in cloud computing and rising penetration of mobile technologies are expected to encourage investments in development of new products and efforts to meet consumer demand. In addition, cloud based deployments can offer agility, scalability, flexibility to enterprises. This, in turn, can drive growth of this segment over next few years.
Based on enterprise size, the market for development to operations can be bifurcated into large enterprises and Small Medium Enterprises (SMEs). In 2016, large enterprises segment accounted for largest market share. Growing adoption of DevOps tools to enhance operational efficiency and delivery support is expected to fuel product demand. The SME segment is likely to register steady growth over the forecast period attributed to growing adoption of cloud technology for service delivery and technology proliferation.
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Based on application, the market can be classified into BFSI, retail, IT, telecom, and others. In 2017, IT dominated the DevOps market and accounted for around 36% of overall market share. DevOps can address numerous inefficiencies faced by IT sector such as release timelines, software quality, and application downtime by providing appropriate solutions. IT companies are expected to implement these solutions to automate testing, software development, and operational processes to enhance quality and to reduce delivery time.
BFSI is likely to expand at the highest CAGR over the forecast period. Increasing use of smartphones and other devices to make commercial and banking transactions can positively influence market growth over the forecast period. In addition, rising need for frequent delivery of digital services and solutions to enhance consumer experience can stimulate market growth over the forecast period.
Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America is expected to grow at substantial CAGR and account for largest market share during the forecast period. Rising penetration of smartphones coupled with technological proliferation can positively influence market expansion. In addition, rising adoption of digital services attributed to enhanced network connectivity can fuel growth of market over next few years. Moreover, presence of major market players such as Hewlett Packard Enterprise; IBM Corporation; Cisco Systems, Inc.; and CA Technologies can further stimulate regional market growth.
In Asia Pacific, the development to operations market is expected to witness rapid CAGR over the forecast period attributed to increasing investments in IoT and cloud technologies can foster market growth. In addition, high demand for digital services coupled with adoption of connected devices can impel growth of regional market in the forthcoming years.
Some of the leading companies in the global development to operations market are Cisco Systems, Inc.; IBM Corporation; Chef, Inc.; CA Technologies; and Hewlett Packard Enterprise. Most companies are likely to adopt inorganic growth strategies such as mergers and acquisitions to expand their product portfolio and to gain market share.
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