DevOps Market To Be Worth USD 17 Billion By 2026!
DevOps has emerged as the need of the hour for the modern IT firms to bridge the gap between development and operations teams.
Apart from inciting a robust collaborative culture, DevOps has facilitated faster and reliable software delivery, improved time-to-market, enhanced customer satisfaction, and much more.
According to a recent 2019 State of DevOps Report, organizations using DevOps practices could deploy code up to 30 times more frequently, and the code pushes are up to 50% less likely to fail.
Given these offerings, DevOps practices have become imperative for most organizations and are growing in popularity with time.
As per the market estimates, the global DevOps market size is poised to grow from USD 4 billion in 2019 to USD 17 billion by 2026.
The demand for DevOps is projected to propel at a CAGR of 20% during the forecast period 2020-26.
The advancement in automated software development and zero-touch technologies are among the key factors driving the demand for DevOps.
Moreover, the growing need for enhanced productivity, streamlined workflows, high-quality software delivery, and economical operations are expected to boost DevOps’ demand during the forecast period.
Besides, the rapid adoption of automated business processes across various industry verticals such as government, healthcare, manufacturing, banking, insurance, and others is anticipated to propel the DevOps market growth.
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Cloud-based DevOps Growing at Alluring Rate
By Deployment Model, the public cloud segment accounted for the highest share in the DevOps market in 2019. It is expected to register around 23% CAGR from 2020 to 2026. This is mainly due to the growing demand for cloud computing services and the need for better management of applications.
Cloud deployment offers efficient solutions for real user feedback and infrastructure management. It provides a standard and unified platform for planning, developing, testing, and deploying applications. Moreover, it manages risk across complex environments and reduces the risk associated with automated cloud compliance.
SMEs Hold High Potential
By Size of Business, Small and Medium Enterprises (SMEs) are likely to see higher adoption of DevOps due to the ease of use and flexibility.
The SME segment accounted for over 30% of the global DevOps market share in 2019.
SMEs are increasingly adopting DevOps practices to enhance the frequency of deployments and shorter development lifecycles to maintain market competitiveness.
ALSO READ: How DevOps Can Help in Improving Customer Satisfaction?
North America Domineering Global DevOps Market
By region, the DevOps market is categorized into North America, Asia-Pacific, Europe, MEA, and Latin America.
Among them, North America is estimated to account for the largest market share. In contrast, the APAC region is projected to show the highest growth rate in the DevOps market.
In 2019, North America accounted for over 45% market share due to the presence of top market players, including IBM, Microsoft and AWS.
Moreover, the rapid adoption of digital services, advanced cloud infrastructure and software automation tools among the enterprises in the key countries such as the US, Canada and Mexico has led to the growth of the regional DevOps market.
Meanwhile, the Asia-pacific DevOps market is expected to attain over 25% of the global market by 2026.