The global DevOps market was valued at USD 7.2 Billion in 2021 and it is anticipated to grow up to USD 35.8 Billion by 2031, at a CAGR of 17.4% during the forecast period.
New York, According to a new market research report published by Global Insight Services “DevOps Market ” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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DevOps is an approach to software development that emphasizes communication and collaboration between software developers and other IT professionals. The goal of DevOps is to shorten the software development life cycle and increase the frequency of software deployments. DevOps is a set of practices that combines software development (Dev) and information technology operations (Ops). DevOps is designed to increase the speed and quality of software development while also reducing the risks involved in software changes.
Market Trends and Drivers
The adoption of software development automation technologies including continuous integration and Continuous Deployment (CI/CD) practices is likely to fuel the industry growth. The evolution of automation technologies across various industry verticals has strengthened the demand for DevOps tools. As software upgrades are becoming increasingly important in a digitally empowered landscape, enterprises are adopting DevOps solutions for quick development and deployment.
Market Restraints and Challenges
The key restraints and challenges in DevOps market are lack of skilled personnel: There is a lack of skilled personnel who are trained in both traditional IT operations and development and are able to work in a DevOps environment. Lack of standardization: There is no standardization in the DevOps market, which makes it difficult for organizations to compare and select the right solutions and vendors. High costs: DevOps solutions and services can be expensive, which can be a barrier for organizations with limited budgets. Implementation challenges: DevOps can be complex to implement and there can be challenges associated with integrating it into existing IT infrastructures.
Major Players in the Global DevOps Market
The key players in the DevOps market 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. among others.
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Reasons to buy DevOps Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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