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.

Share this

Industry News

December 19, 2024

Check Point® Software Technologies Ltd. has been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Email Security Platforms (ESP).

December 19, 2024

Progress announced its partnership with the American Institute of CPAs (AICPA), the world’s largest member association representing the CPA profession.

December 18, 2024

Kurrent announced $12 million in funding, its rebrand from Event Store and the official launch of Kurrent Enterprise Edition, now commercially available.

December 18, 2024

Blitzy announced the launch of the Blitzy Platform, a category-defining agentic platform that accelerates software development for enterprises by autonomously batch building up to 80% of software applications.

December 17, 2024

Sonata Software launched IntellQA, a Harmoni.AI powered testing automation and acceleration platform designed to transform software delivery for global enterprises.

December 17, 2024

Sonar signed a definitive agreement to acquire Tidelift, a provider of software supply chain security solutions that help organizations manage the risk of open source software.

December 17, 2024

Kindo formally launched its channel partner program.

December 16, 2024

Red Hat announced the latest release of Red Hat Enterprise Linux AI (RHEL AI), Red Hat’s foundation model platform for more seamlessly developing, testing and running generative artificial intelligence (gen AI) models for enterprise applications.

December 16, 2024

Fastly announced the general availability of Fastly AI Accelerator.

December 12, 2024

Amazon Web Services (AWS) announced the launch and general availability of Amazon Q Developer plugins for Datadog and Wiz in the AWS Management Console.

December 12, 2024

vFunction released new capabilities that solve a major microservices headache for development teams – keeping documentation current as systems evolve – and make it simpler to manage and remediate tech debt.

December 11, 2024

CyberArk announced the launch of FuzzyAI, an open-source framework that helps organizations identify and address AI model vulnerabilities, like guardrail bypassing and harmful output generation, in cloud-hosted and in-house AI models.

December 11, 2024

Grid Dynamics announced the launch of its developer portal.

December 10, 2024

LTIMindtree announced a strategic partnership with GitHub.