Increasing adoption of cloud computing along PaaS & Growing internet of things dominating DevOps Industry
The global DevOps market was valued at $2,885 million in 2016, and is projected to reach $9,407 million by 2023, growing at a CAGR of 18.7% from 2017 to 2023. The lifecycle management segment is anticipated to grow at the highest growth rate during the forecast period.North America was the highest revenue contributor in the global DevOps market in 2016, due to increase in adoption of process automated software, low cost of process automation set-up and maintenance service.
Furthermore, enhancement in operational effectiveness and increased demand for automated business process implementation among enterprises in the key countries, such as the U.S., Canada, and Mexico, have directed the key vendors to invest in the development of DevOps solutions of these regions. The Asia-Pacific DevOps market is expected to grow at the highest rate during the forecast period, owing to the increase in demand for automated business process implementation among enterprises in China, Singapore, Australia, and South Korea.
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In 2016, the cloud segment accounted for the highest share in the DevOps market, and is expected to witness the highest growth rate from 2017 to 2023, owing to the high demand for cloud computing services and need for better management of applications such as agile management, portfolio management, application performance management, app experience analytics, and service management. Cloud deployment offers efficient solutions for real user feedback and infrastructure management. Furthermore, it manages risk across complex environments, provides multi-tier applications, and reduces risk associated with automated cloud compliance.
Key Findings of the DevOps Market Study
- The monitoring & performance management segment accounted for the highest share in the global DevOps industry in 2016, growing at a CAGR of 15.5% from 2017 to 2023.
- The DevOps solutions market is estimated to witness the highest growth rate of 18.7%.
- North America DevOps market generated the highest share of $1,398 million, in terms of revenue, in 2016.
- The cloud segment accounted for the highest share of revenue in 2016, and is expected to witness the highest growth rate during the forecast period.
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The key players profiled in the DevOps market are IBM Corporation, Oracle Corporation, Amazon Web Services, Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, EMC Corporation, VersionOne, Inc., Red Hat, Inc., Google, Inc., and CA Technologies These players have adopted competitive strategies, such as partnership, product portfolio expansions, and collaborations, to augment the growth of the DevOps market.
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