The Global DevOps market is projected to grow at a CAGR of around 18.27% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. Sectors such as BFSI, IT & Telecom, Healthcare, Retail, etc., have raised their focus on software delivery speed & on reducing downtime, which led to increased adoption of these practices. Developed IT infrastructure in countries like Germany, the US, Japan, South Korea, etc., have also played a major role in market expansion as a business in these countries recognized the potential benefits of these practices in terms of agility & automation. As a result, enterprises in these countries used DevOps tools & methodologies to streamline their process.
Additionally, the surging adoption of microservices & service visualization by a wide range of organizations across industries such as finance, healthcare, e-commerce, etc., has also expanded the demand for such practices as they require a collaborative & agile approach for software development provided by these practices. Netflix, Uber, Airbnb, etc., are some companies that have adopted microservice architecture by leaving behind the monolithic architecture to improve scalability. The adoption of these makes software development more complex, owing to which the need for these practices to manage the deployment of the architectures was high. Along with this, in the countries like the UAE, Saudi Arabia, Singapore, etc., the governments are planning to expand their healthcare, finance, and e-commerce sectors, which subsequently would supplement the demand for microservices & service virtualization, as a result, the need for such practices would surge.
Furthermore, automation is growing across various sectors, especially in the manufacturing sector, which also plays a prominent role in market growth. Automation is combined with these practices in manufacturing companies to streamline their operation & the adoption of digitalization through Industry 4.0 has accelerated automation in electronics & automotive manufacturing. Moreover, as the landscape of the manufacturing sector is evolving due to the integration of new automation technology, the trend of automation in the manufacturing sector is expected to surge, which would raise the demand for these tools & methodologies, further states the research report, “Global DevOps Market Analysis, 2023.”
Management DevOps Solutions to Witness Significant Growth
Based on the type, the market is further bifurcated into Solutions (Management DevOps, Delivery DevOps, Operation DevOps) & Services (Container Services, API Services, Professional Services, and Managed Services). Countries such as the US, India, Germany, etc., have a well-established IT sector, owing to which the Solution segment has registered significant growth as the company used these practices to streamline software development by improving communication between development & operation teams. Along with this, the demand for management solutions has witnessed an upsurge due to the advancing need for companies to be agile in a rapidly changing business environment. Continuous business planning aligns business objectives with software development to bridge the gap between stakeholders & IT teams. Furthermore, the plans of the company to prioritize operations & divert focus from business planning would boost the demand for these practices by IT firms to ensure that updates & features are delivered timely.
Enterprises in North America to Witness Higher Adoption
Based on geography, the North American region has the presence of advanced IT infrastructure, a large number of IT firms, and favorable IT regulations, owing to which adoption of DevOps practices was higher in the region. State organizations in the US, the California Department of Health Care Services, US Citizenship, Immigration Services, etc., have also embraced these practices to simplify their software management. The American Council for Technology and Industry Advisory Council (ACT-IAC) also established the DevOps Working Group intending to explore the toolchains, practices, and culture for enriching the US government's capacity for service delivery to explore various aspects of these practices. Therefore, it is anticipated that their demand would increase in the area as government agencies speed up the implementation of these components.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Atlassian Corporation plc, CA Technologies (Broadcom), Amazon Web Services, Inc. (AWS), IBM Corporation, Microsoft Corporation, Dell Technologies LLC, Google LLC, Micro Focus International PLC, Hashicorp, Inc., Oracle Corporation, Gitlab Inc, RackSpace Technologies, Cigniti Technology, Perforce Software, Inc., Chef Software, Inc., etc., are looking forward to strengthening their market position.
Key Questions Answered in the Research Report