DevOps Market

DevOps Market Statistics: 2030

The global DevOps market size was valued at $ 6.78 billion in 2020, and is projected to reach $57.90 billion by 2030, registering a CAGR of 24.2% from 2021 to 2030.

The COVID-19 outbreak had a positive impact on the growth of DevOps market owing to, sudden increase in demand for software and online web-based applications among businesses and growing need of DevOps solution among business to streamline the process of software application development by promoting collaboration between various entities of the software development lifecycle.

DevOps is a collection of methods that bring together software development and IT operations. Its goal is to abbreviate the systems development life cycle and provide high-quality software delivery on a continual basis. DevOps works in tandem with Agile software development, and numerous parts of DevOps are derived from the Agile approach. It allows for speedier innovation and development by increasing the frequency and tempo of releases. It also allows them to introduce new features, repair faults, and respond to client requests much quickly. Continuous integration and continuous delivery are DevOps strategies that automate the software release process from development through deployment.

Rise in need for continuous and fast application delivery and increase in focus on reducing CAPEX and OPEX drive the growth of the DevOps market. In addition, growth in applications running in the dynamic IT environment fuels the growth of the market. However, heavy dependence on legacy processes is expected to impede the market growth. Furthermore, advancements in AI and its use in application development and high rate of adoption among SMEs are expected to provide lucrative opportunities for the DevOps market growth.

By component, the solution segment dominated the DevOps market in 2020, and is expected to continue its dominance in the coming years, owing to the surge in need for continuous and rapid application delivery. In addition, it enables enterprises to increase the overall quality of their software products while still meeting the expectations of their clients. However, service segment witnessed the highest CAGR in the DevOps market, owing to highly digitized technological landscape of the sector and the surge in need of services across various industries for improving their efficiency.

Region wise, the DevOps market was dominated by North America in 2020, owing to large number of vendors and favorable government policies. However, Asia-Pacific is expected to witness growth at the highest rate owing to rapid digital transformation and a large number of new age startups in the region.

The report focuses on growth prospects, restraints, and trends of the DevOps market analysis. The study provides Porter’s five forces analysis to understand impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the DevOps market share.

Segment review

The DevOps market is segmented on the basis of component, cloud type, enterprise size, industry vertical, and region. By component, it is divided into solution and service. By cloud type, it is fragmented into, public cloud, private cloud, and hybrid cloud. In terms of enterprise size, it is segregated into large enterprise and SMEs. In terms of industry vertical, the market is classified into IT & telecom, BFSI, retail, government and public sector, manufacturing, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the DevOps market analysis Amazon Web Services, inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

COVID-19 impact analysis

The DevOps market has witnessed significant growth in the past few years; due to the outbreak of the COVID-19 pandemic, the market witnessed a sudden increase in demand during the period. This was attributed to the fact that there was a sudden increase in demand for software and online web-based applications, as businesses were moving to capitalize on the increased online presence of their customers. Furthermore, rise in number of COVID-19 cases influenced governments and local authorities to enforce strict measures such as social distancing and self-isolation policies to the closing of physical shops and businesses to help decrease the spread of the COVID-19 cases. This caused a serious dip in the number of customers depending on traditional brick and mortar stores for their daily shopping needs. Such trends accelerated digital transformation of physical businesses during the period of the pandemic. This, in turn, increased the demand for DevOps solutions during the forecast period, as businesses depend upon DevOps industry for faster digital transformation.  

Top impacting factors

Growing need for continuous and fast application delivery 

The DevOps industry is experiencing significant growth since the past few years as it helps organizations to bridge the gap between strategic goals and the day to day management of work. With increased visibility and alignment, organizations have the insights to support an outcome-driven approach to software development. Moreover, DevOps solutions are enabling integration and deployment of code without delays which in turn is improving the frequency and quality of software delivery. Furthermore, DevOps solutions are cutting the development time from months or weeks to days or even hours as application changes are done faster and frequently reach the production environment. Therefore, accelerating the prototype development cycle and reducing deployment time. Thus, growing number of such advantages is driving the growth of the DevOps industry.

Increasing focus on reducing CAPEX and OPEX

DevOps has established itself as an indispensable software development methodology. Courtesy of its many benefits such as faster software delivery, and improved software quality can help drive the customer satisfaction. The massive CAPEX and OPEX of enterprise servers and network infrastructure is one of the main factors driving the need for going serverless. Therefore, enterprises can channel their resources towards core business activities as the need for infrastructure management is the relic of the past with serverless computing. Moreover, according to a survey, 61.0% of IT and business experts are accelerating their digital transformation efforts to automate application modernization. In addition, IT and business experts are hiring additional experts and DevOps solutions for modernizing applications and automating infra operations, which in turn is driving the growth of the market.

Key Benefits For Stakeholders     

• The study provides an in-depth analysis of the DevOps market forecast along with the current trends and future estimations to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.

 DevOps Market Report Highlights