Major players in DevOps market are CA Technologies (US), IBM (US) , Atlassian (Australia), Micro Focus (UK), Puppet (US), Red Hat (US), AWS (US), Microsoft (US), Google (US), Oracle (US), Cigniti (India), GitLab (US), RapidValue (US), Chef Software (US), To The New (India), XebiaLabs (US), CFEngine (US), Docker (US), CollabNet (US), Electric Cloud (US), HashiCorp (US), Rackspace (US), Perforce (US), Clarive (Spain), and OpenMake Software (US).
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The DevOps 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. Increasing complexities in applications, applications running on the dynamic IT environment, and growing need for continuous and fast delivery of applications are the major growth factors for the market.
However, heavy dependencies on legacy processes could affect the growth of the DevOps market.
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Key Target Audience
- Training and consulting service providers
- DevOps vendors
- Cloud service providers
- Telecommunications service providers
- System integrators
- Government agencies
- Managed service providers
DevOps market has been segmented on basis of types, deployment models, organization size, industry verticals, and regions. Services segment is expected to grow at a higher CAGR during the forecast period, and the solution segment is estimated to account for a larger market size in 2018 in the market.
The adoption of DevOps solutions and services among Small and Medium-sized Enterprises (SMEs) has become a central part of the business process, due to ease of use and flexibility offered by them.
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The public cloud segment is estimated to account for the largest DevOps market size in 2018. By using DevOps solutions, enterprises are developing newer and better ways of enhancing operational benefits, while reducing costs.
Faster deployment, scalability, and agility; regulatory compliance requirements; and need for lower Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are expected to drive the demand for DevOps solutions and services. The enterprises adopting DevOps are increasingly inclined toward deploying DevOps solutions to run their critical business functions.
2 Competitive Scenario
3 New Product Launches/Product Upgradations
4 Partnerships, Agreements, and Collaborations
5 Mergers and Acquisitions
6 Business Expansions
DevOps market has been segmented on tbasis of types, deployment models, organization size, industry verticals, and regions. A detailed analysis of key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, & competitive landscape associated with DevOps market.
North America is expected to account for the largest market size during the forecast period, as organizations are shifting toward new and upgraded technologies with the increasing adoption of digital business strategies. Furthermore, organizations have invested in advanced technologies to gain a competitive advantage and improve business operations.
APAC is expected to be the fastest-growing region in the global DevOps market.
The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased expenditure on IT infrastructure, and tendency of DevOps to drive customer experiences and improve operational issues.
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