September 07, 2020
According to the research report titled ‘DevOps Market Size By Component, By Deployment Model, By Enterprise Size, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global DevOps market is expected to witness remunerative growth through 2026.
Increasing demand for reducing software development period and accelerating delivery, growing requirement of seamless collaboration between IT and operation teams, and implementation of automation solutions are fueling the global DevOps market growth. Moreover, shifting focus of enterprises towards reducing IT capital expenditure, along with rising adoption of microservices and service virtualization are further adding momentum to the business expansion, cites the study.
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For those unfamiliar, DevOps is a combination of procedures that automate the processes between IT and software development teams to improve the speed and efficiency of development, testing, and release of a software.
Based on component, services segment of global DevOps market is bifurcated into managed services and professional services. Managed services segment accounted for over 35% in 2019 owing to growing availability of third-party expertise for managing DevOps practices.
Meanwhile, professional services segment is projected to record a CAGR of 22% through 2026, owing to growing inclination towards outsourcing testing automation projects among SMEs.
Speaking of the application spectrum, retail segment attained over 10% share of global DevOps market in 2019, attributable to growing use of DevOps for better patch management in ecommerce.
Manufacturing segment is expected to register 20% CAGR over the forecast duration, due to rise in integration of CI/CD in IoT and Industry 4.0 technologies. Employing DevOps practices can aid manufacturers in achieving desired results through an effective collaboration & communication framework among teams in an organization.
Media & entertainment segment is slated to record a y-o-y growth rate of 25% in the upcoming years, supported by the relevance of DevOps in regular delivery of feature upgrades along with its applicability in accelerating and scaling business processes in fields like AR & VR, hyper-targeted market, omni-channel consumer experiences, and services.
As per the regional analysis, Latin America DevOps market is predicted to expand with a CAGR of 23% CAGR over the forecast timeframe, fueled by the need for lowering IT costs. On the other hand, MEA DevOps market is set to register 20% CAGR over the analysis period owing to rising use of cloud-based technologies for enhancing software delivery.
Key players operating in global DevOps market are Oracle Corp., Microsoft Corp., IBM Corp., Google LLC, GitLab Inc., Dell Technologies., CollabNet Inc., CloudBees Inc., Cisco Systems Inc., Cigniti Technologies Ltd., CA Technologies, Atlassian Corp. plc, and Amazon Web Services Inc. among others.