DevOps Market Worth $10.31 Billion by 2023
May 24, 2018

According to a new market research report "DevOps Market by Type (Solutions and Services), Deployment Model (Public, Private, and Hybrid), Organization Size, Industry Vertical (BFSI, Healthcare, Telecommunications and ITES, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets, the market size is expected to grow from USD 3.42 Billion in 2018 to USD 10.31 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period.

The growth of the DevOps Market is driven by several factors, such as increasing complexities in applications, growing need for continuous and fast application delivery, and applications running in the dynamic Information Technology (IT) environment. The DevOps Market is expected to gain major traction during the forecast period, due to the increase in the adoption rate of Artificial Intelligence (AI) and machine learning among enterprises.

The solutions segment is segregated into 3 components of DevOps pipeline. The different continuous solutions represent an agile way of working to build and deliver software applications. DevOps is in the initial phase of growth and organizations across the globe are rapidly adopting solutions for the application development. In terms of investment, solutions are the most expensive part of the DevOps lifecycle as most of the software tools for building and maintaining the application comes under this segment. Hence, the solutions segment is estimated to account for the larger market size in 2018 and is expected to grow with the same trend.

The public cloud segment may be offered free of cost or on a pay-per-use model, depending on the requirements from end-users. The public cloud segment is used for web servers and system architectures, where security and compliance are not the major issues. Ease of access and faster deployment of the public cloud are some of the major factors contributing to the high adoption of the public cloud. The public cloud segment offers various enterprise benefits, such as scalability, reliability, flexibility, and remote location access.

Large enterprises are defined as business entities with more than 1,000 employees. The adoption rate of DevOps solutions and services by large enterprises is high and is expected to continue during the forecast period. Large enterprises have dedicated in-house IT resources with large IT budgets; hence they can consider a variety of DevOps strategies. Moreover, they have a global presence, high market shares, technical expertise, and effective business strategies.

North America is estimated to account for the largest market size in 2018, while APAC is projected to be the fastest-growing region. North America is a matured market in terms of technology adoption, due to various factors, such as advanced IT infrastructure, presence of various enterprises, and availability of proficient technical expertise. The US and Canada would contribute to the growth of the DevOps Market in North America.

The Latest

August 15, 2018

Microservices are a hot topic in IT circles these days. The idea of a modular approach to system building – where you have numerous, smaller software services that talk to each other instead of monolithic components – has many benefits ...

August 13, 2018

Agile is expanding within the enterprise. Agile adoption is growing within organizations, both more broadly and deeply, according to the 12th annual State of Agile report from CollabNet VersionOne. A higher percentage of respondents this year report that "all or almost all" of their teams are agile, and that agile principles and practices are being adopted at higher levels in the organization ...

August 09, 2018

For the past 13 years, the Ponemon Institute has examined the cost associated with data breaches of less than 100,000 records, finding that the costs have steadily risen over the course of the study. The average cost of a data breach was $3.86 million in the 2018 study, compared to $3.50 million in 2014 – representing nearly 10 percent net increase over the past 5 years of the study ...

August 08, 2018

Hidden costs in data breaches – such as lost business, negative impact on reputation and employee time spent on recovery – are difficult and expensive to manage, according to the 2018 Cost of a Data Breach Study, sponsored by IBM Security and conducted by Ponemon Institute. The study found that the average cost of a data breach globally is $3.86 million ...

August 06, 2018

The previous chapter in this WhiteHat Security series discussed dependencies as the second step of the Twelve-Factor App. This next chapter examines the security component of step three of the Twelve-Factor methodology — storing configurations within the environment.

August 02, 2018

Results from new Forrester Consulting research reveal the 20 most important Agile and DevOps quality metrics that separate DevOps/Agile experts from their less advanced peers ...

July 31, 2018

Even organizations that understand the importance of cybersecurity in theory often stumble when it comes to marrying security initiatives with their development and operations processes. Most businesses agree that everyone should be responsible for security, but this principle is not being upheld on a day-to-day basis in many organizations. That’s bad news for everyone. Here are some best practices for implementing SecOps ...

July 30, 2018

While the technologies, processes, and cultural shifts of DevOps have improved the ability of software teams to deliver reliable work rapidly and effectively, security has not been a focal point in the transformation of cloud IT infrastructure. SecOps is a methodology that seeks to address this by operationalizing and hardening security throughout the software lifecycle ...

July 26, 2018

Organizations are shifting away from traditional, monolithic architectures, with three-quarters of survey respondents delivering at least some of their applications and more than one-third delivering most of their applications as microservices, according to the State of DevOps Observability Report from Scalyr ...

July 24, 2018

What top considerations must companies make to ensure – or at least help improve – Agile at scale? The following are key techniques and practices to help accelerate Agile delivery rollouts and scale Agile and DevOps in the Enterprise ...

Share this