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DevOps Market by Type, Deployment Model, Organization Size, Industry Vertical And Region - Global Forecast to 2023

DevOps Market: Global Forecast until 2023

  • May 2018
  • 150 pages
  • ID: 5398028
In this report:
The telecommunications and ITES vertical is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.
In terms of market share in 2018, North America is expected to be followed by Europe (##.##%), APAC (##.##%), Latin America (##.##%), and MEA (##.##%).

Summary

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The increasing need for continuous and quick application delivery, applications running in the dynamic Information Technology environment, and growing focus on reducing lower Capital Expenditure and Operational Expenditure are forecast to steer the DevOps market

The DevOps market size is forecasted to grow from ~$3.4B in 2018 to ~$10.3B by 2023, at a Compound Annual Rise rate of 24.70 percent during the forecast period. Rising complexities in applications, applications running on the dynamic IT environment, and increasing need for continuous and rapid delivery of applications are the main increase factors for the sector. Nevertheless, heavy dependencies on legacy processes could affect the increase of the DevOps market.

The services segment is anticipated to increase at a higher rate during the outlook period

The services segment help consult, integrate, and support organizations across different industries in effectively dealing with segment risks, thereby ensuring visibility and security across all business functions.On the basis of services, the DevOps market has been divided into container services, Application Programming Interface services, operated services, and professional services.

The industry demand for DevOps services among firms is gaining huge traction, due to the growing penetration of big data, Internet of Things, edge computing, cloud, and related technologies.

The hybrid cloud segment is anticipated to rise at the highest level rate during the estimate period

The hybrid cloud segment is anticipated to grow at the maximal rate over the upcoming 5 years.This industry segment affords different benefits, including enhanced security and scalability, improved application quality, and reduced costs.

Additionally, it affords more control, reduced risk, cost-efficiency, and better performance.Also, it extends usage-friendly, versatility, and cost-effective features of the public cloud and greater control and security of the private cloud.

Furthermore, the hybrid cloud segment allows companies in transferring their mission-critical data to the private cloud without compromising on security, and non-sensitive data to the public cloud.

North America continent is intended to account for the biggest sector size and Asia Pacific (APAC) to grow at the quickest rate

North America (NA) is forecasted to account for the biggest industry size during the outlook period, as institutions are shifting toward new and upgraded technologies with the rising adoption of digital business strategies.Moreover, institutions have invested in advanced technologies to benefit a challenging advantage and improve business operations.

Asia-Pac is anticipated to be the quickest-increasing area in the overall DevOps market. The main reasons for the high increase rate in Asia-Pacific contain the positive economic outlook in the territory, rised expenditure on IT infrastructure, and tendency of DevOps to drive customer experiences and improve operational issues.

The break-up profiles of primary participants are given below:

• By organization: Tier 1 - 43.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By description: C-suite - 60.0 percent, D-level - 25.0 percent, and Others - 15.0 percent

• By area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

Segment Research

The DevOps market has been split on the basis of types, deployment models, organization size, industry verticals, and localities. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, services, top strategies, new service launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the DevOps market.

This study will help the industry leaders (and new entrants) in the following points:

• This document breaks down the DevOps market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across main regions.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report benefits partners in better understanding the players and gaining additional insights to enhance their rank in the business sector. The competitive outlook section includes the vendor comparison of main actors in the DevOps market.

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