DevOps Market to Drive Growth at USD 51.34 Billion by 2031 | SkyQuest Technology

Westford, USA, Dec. 03, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Global DevOps Market will attain a value of USD 51.34 Billion by 2031, with a CAGR of 19.8 % during the forecast period (2024-2031). The global DevOps market is growing at a significant pace owing to surge in demand for quick software delivery with improved operational efficiency across the companies. DevOps, which is a combination of development and operations, is comprised of tools and practices that bridges the gap between software development teams and IT operations teams. It helps them to deliver better speed during each stage of the software development lifecycle as well as improved quality. This strategy encourages continuous integration and continuous delivery conventions to ensure organizations are deploying new functionalities and bug fixes faster, and with less errors. Cloud technologies, automation tools, and agile methodologies play an equal role in driving the DevOps market share. Moreover, growing requirement for collaborative and communicative efforts among developers and operations or DevOps teams owing to complexities in IT environments landscape due to the digital transformation strategies adopted by multiple industries domains is expected to accelerate the DevOps market growth.

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Browse in-depth TOC on the “DevOps Market”

• Pages – 157

• Tables – 97

• Figures – 76

DevOps Market Overview:

Increasing Need for Scalability to Improve DevOps to Increase Demand for  Public Cloud

The public cloud segment is dominating the market with largest DevOps market share. Public cloud providers offer immeasurable scalability, improving DevOps market outlook. This fits nicely with DevOps features, where it focuses on scaling infrastructure and resources dynamically to meet the demands of changing loads. It allows organizations to easily increase or decrease the amount of computing power, storage, and networking resources they use on demand, making it perfect for CI/CD pipelines and agile development practices. In addition to that, the public cloud is home for all the services and tools that is necessary for DevOps teams. Whether it be infrastructure as code (IaC), container orchestration, or serverless computing, the flexibility of the public cloud enables DevOps teams to choose and configure the optimal resources and services for their needs.

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Growing Demand for DevOps in IT & ITES to Increase Productivity

It is projected that the IT & ITES sector will experience substantial growth with increasing DevOps market size over the forecast timeframe. A DevOps platform takes care of process gaps between software development teams and IT operations so that updates are seamless and do not compromise with quality. DevOps transformation is primarily driven by two design architectures, Microservice architecture and Monolithic architecture. Continuous delivery (CD) pipelines encompass IT technologies including version control, container services and orchestrators to streamline product updates. Monolithic architectures can result in information silos and repetitive manual work. Microservices allows development and implementation of nodes independently, hence improving productivity and scalability. SaaS and managed environments are provided by cloud providers, while on-prem and physical devices can be incorporated into DevOps strategies.

Rapid Adoption of DevOps to Increase Speed of Software Development to Boost North America Market Growth

The adoption of DevOps practices and principles started early in North America. DevOps was quickly adopted by many innovative tech companies and startups in the U.S, particularly Silicon Valley-based ones, because it helps speed up software development and increases collaboration between teams leading to a faster time-to-market. As a result, this early adoption laid down the roots for exponential DevOps growth in the region. Furthermore, many enterprises and multi-national corporations in different verticals such as technology, finance, health care, and manufacturing are based out of North America. Most of these organizations are generally large and their IT environments are extremely complex with large volumes of software applications/infrastructure to manage. Lastly, DevOps provide them options to have efficient operations process, for cost minimization and ensuring they remain competitive in fast changing market.

DevOps Market Insights

Drivers

• Increasing adoption of cloud computing to improve operation scalability
• Growing focus on automation tools and technologies
• Rapid development of industry-specific solutions to tackle difficult problems

Restraints

• High resistance to changes in large and traditionally structured organizations
• High complexity in scaling DevOps practices
• Difficulty in implementing DevOps solutions

Key Players Operating in DevOps Market

The following are the Top Devops Companies

• Microsoft Corporation (US) 
• IBM Corporation (US) 
• Atlassian Corporation Plc (Australia) 
• Google LLC (US) 
• Amazon Web Services (US) 
• Oracle Corporation (US) 
• Cisco Systems Inc. (US) 
• Micro Focus International Plc (UK) 
• GitLab Inc. (US) 
• Dell Technologies (US) 
• Perforce Software Inc. (US) 
• Progress Software Corporation (US) 
• Cigniti Technologies (India) 
• HashiCorp Inc. (US) 

Key Questions Answered in DevOps Market Report

• Which region was the early adopters of DevOps?
• What are the key factors driving the market?
• What is the dominating segment under deployment model in the market?

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This report provides the following insights:

• Analysis of key drivers (Increasing adoption of cloud computing to improve operation scalability, Growing focus on automation tools and technologies), restraints (High resistance to changes in large and traditionally structured organizations, High complexity in scaling DevOps practices), opportunities (Rapid development of industry-specific solutions to tackle difficult problems), and challenges (Difficulty in implementing DevOps solutions) influencing the growth of DevOps market

• Market Penetration: Comprehensive information on the product offered by the top players in the DevOps market
• Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the DevOps market
• Market Development: Comprehensive information on emerging regions
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia-Pacific.

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