According to the report, DevOps Market Share Reach $9.40 Billion by 2023, Registering 18.7% CAGR. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The Global DecOps Market Size generated $3.36 billion in 2017, and is expected to reach $9.40 billion by 2023, registering a CAGR of 18.7% from 2017 to 2023.
Rise in requirement of maintainability & efficiency of operational processes, surge in demand for automated software, and increase in adoption of cloud computing through PaaS solutions drive the growth in the market. However, lack of skilled professionals for development of effective DevOps application restrains the market growth. On the other hand, advent of internet of things (IoT) and shift from traditional data centers to hybrid cloud systems would offer new opportunities in the industry.
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The DevOps market is segmented on the basis of component, cloud type, enterprise size, industry vertical, and region. By component, it is divided into solution and service. By cloud type, it is fragmented into, public cloud, private cloud, and hybrid cloud. In terms of enterprise size, it is segregated into large enterprise and SMEs. In terms of industry vertical, the market is classified into IT & telecom, BFSI, retail, government and public sector, manufacturing, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is expected to grow at the fastest CAGR of 20.94% from 2017 to 2023, owing to surge in demand for DevOps solutions, need to improve organizational efficiency, and high economic growth in this region. However, North America held the major market share, accounting for nearly half of the market share in 2017. This is due to increase in requirement for automation solutions along with rise in enterprise mobility and extensive wireless connectivity in the region.
Key market players analyzed in the research include IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, VersionOne, Inc., EMC Corporation, Google, Inc., Red Hat, Inc., and CA Technologies.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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