The DevOps market size is expected to grow from USD 2.90 Billion in 2017 to USD 10.31 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period. The demand for DevOps solutions and services among enterprises is expected to gain huge traction, due to the increasing need for fast application delivery with high quality. The base year considered for this study is 2017 and the forecast period is 2018–2023.
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The DevOps market has been segmented on the basis of types, deployment models, organization size, industry verticals, and regions. The services segment is expected to grow at a higher CAGR during the forecast period, and the solution segment is estimated to account for a larger market size in 2018 in the market. The adoption of DevOps solutions and services among the Small and Medium-sized Enterprises (SMEs) has become a central part of the business process, due to the ease of use and flexibility offered by them. Furthermore, the adoption of DevOps solutions and services is expected to grow in coming years.
Top Key Players
The major players in the DevOps market include CA Technologies (US), IBM (US) , Atlassian (Australia), Micro Focus (UK), Puppet (US), Red Hat (US), AWS (US), Microsoft (US), Google (US), Oracle (US), Cigniti (India), GitLab (US), RapidValue (US), Chef Software (US), TO THE NEW (India), XebiaLabs (US), CFEngine (US), Docker (US), CollabNet (US), Electric Cloud (US), HashiCorp (US), Rackspace (US), Perforce (US), Clarive (Spain), and OpenMake Software (US). These players have adopted various growth strategies, such as expansions, acquisitions, partnerships, collaborations, and new product launches. The key strategy often adopted by these players is new product launches to achieve a strong foothold in the DevOps market.
Red Hat is one of the leading providers of DevOps solutions and services. The company offer platforms, infrastructures, tools, solutions, and consulting services to enable DevOps. Furthermore, it delivers DevOps training and certification to help enterprises accelerate applications delivery by providing training for DevOps-related skills and technologies, such as containers, Red Hat Ansible Engine, Red Hat Ansible Tower, and Puppet. The company has undertaken organic and inorganic growth strategies to expand the services offerings and provide innovative offerings to customers. In September 2016, Red Hat announced Red Hat OpenShift Container Platform 3.3, a secure container application platform that brings Docker and Kubernetes to the enterprise. The new version enables enterprises to build and maintain both cloud-native and traditional applications.
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North America region is estimated to hold the largest market size in 2018
North America is estimated to hold the largest market size in 2018, while APAC is projected to be the fastest-growing region. North America is a matured market in terms of technology adoption, due to various factors, such as standards regulation, advanced IT infrastructure, presence of many enterprises, and the availability of proficient technical expertise. Additionally, the stable economy and willingness of enterprises to adopt advanced technologies are boosting the adoption of DevOps solutions in the North American region. The US and Canada are expected to contribute to the growth of the DevOps market in North America.
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