DevOps Market value projects with high CAGR of 24.65% through the forecast period
The niche hybrid IT approach heads new pathways for DevOps Market growth and opportunity. The comprehensive DevOps market outlook recognized by OGA identifies key upcoming trends and emerging market drivers influencing market growth through 2025. The market scope is studied across market-centric regions and the top-vendors offerings are evaluated across technology driven trends of DevOps Market.
The ongoing trend of automation & digitization across progressive IT Sector fuels DevOps market value. For instance, in 2019, IBM Corporation acquired Red Hat Technology to provide a secure hybrid cloud strategy on an open platform such as DevOps. IBM Z aids in digital transformation with a security and leverages the API economy and costumer trust.
In addition the latest version of Infosys DevOps Platform by Infosys Limited provides a distributed, flexible and DevOps transformation with quality and speed for organizations seeking digitization to scale their business.
Nevertheless, the shortage of technical skills for effective DevOps applications and lack of standard definition of DevOps will negatively affect the market demand.
The momentum to overcome the backlog of outdated application lifecycle management systems, digital organizations and IT forms are driving the rapidly adapting cloud management on hybrid platforms and commercial tools by is an investment –decision DevOps market driver.
The DevOps market growth is influenced by the ongoing trend of portable workloads practiced in IT organizations. It firms are increasingly seeking cost-cutting approach of multiple services on cloud ecosystems by adopting DevOps to integrate Multi-Cloud Ecosystems.
Top cloud service provider companies not excluding kamater, phoenixNAP, Amazon Web Services, Microsoft Azure, Google Cloud Platform , Adobe, VMware and others are incorporating multi-cloud strategy and opening the golden gate for DevOps market opportunity.
In 2019, IBM acquired Red hat for $34 billion to leap towards smooth solutions to cater out multi-cloud environments where each cloud provider's implementation differs.
IT application segment remains as dominant in global DevOps market
The deployment of Devops solutions in IT application is up surging at higher extent as compared to other applications including retail, telecom and others in the market.
As per 2018 statistics, IT Automation market size was of 35 billion U.S. dollar, accordingly software development firms are increasingly penetrating the DevOps market growth with more than 40% of the BFSI firms planning to implement DevOps tools to automate IT services.
DevOps tools are in demand to manage online IT environment along with faster development of software applications. DevOps tools tackle a wide number of inefficiencies faced by the IT sector, such as release timelines, application downtime and software quality. For instance, IBM Corporation used DevOps solutions to help a retail sector client to manage software applications by eliminating ad hoc documents and manual steps.
Prime Shift to Hybrid Cloud as key Deployment Model drives market growth
Low operational cost between public & private cloud models is promoting the demand for hybrid cloud model across numerous user types, which is estimated to boost the Devops market growth in coming years.
The Devops market growth is influenced by the ongoing trend of portable workloads practiced in IT organizations. The firms are increasingly looking for cost-cutting approaches of multiple services on cloud ecosystems by accepting DevOps to integrate multi-cloud ecosystems.
Technology driven regions proceeds DevOps market growth phase through forecast period
North America is showcasing DevOps Market growth trend driven by strong penetration of smart phones, technological proliferation, improved network connectivity, and high adoption rate of digital services. Further, the emerging need for efficient computing framework & complete security, in particular for hybrid cloud environments strongly impacts the market growth across the region.
Meanwhile, the Asia-Pacific region is emerging with a significant CAGR, rise in number of small & medium-sized IT enterprises and their need to deploy DevOps solutions for business operations are identifies as key growth driving factors through 2025. Increasing dependence on connected devices and intense investments in cloud and IoT technologies by organizations is enhancing DevOps demand and sales.
Key contributors of major DevOps market share include