DevOps Platform Market Size, Share, Growth, And Industry Analysis, By Type (DevOps Ready, DevOps Enabled and DevOps Capable), By Application (IT, BFSI, Retail, Telecom, Education and Others), Regional Insights, and Forecast To 2031

DevOps Platform Market Report Overview

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The global devOps platform market size was USD 5875.65 million in 2021 and market is projected to touch USD 14612.5 million by 2031, at a CAGR of 9.54% from 2021 to 2031.

In order to increase the pace and caliber of software updates, the Devops approach places a strong emphasis on cooperation between the production and operational teams. A devOps platform is a collection of technologies and tools used to simplify and expedite the software creation and deployment cycle. Solutions for code administration, continuous integration and distribution, testing, analysis, and infrastructure building might all fall under this category. A devOps platform's purpose is to give teams the tools they need to develop applications more quickly and accurately.

DevOps has grown rapidly since its beginnings in 2009, transitioning from a specialized idea to a crucial component of corporate IT strategies. This rapid implementation velocity was mostly caused by the instantaneous value realization that DevOps helps businesses develop superior services and products more quickly and with higher dependability. The DevOps trend of today emphasizes a positive organizational change brought about by its procedures, culture change, and compliance and security components of the DevOps platform, in addition to going outside technology implementation and administration. With many sources predicting double-digit increase and a greater adoption rate over the next five years as larger businesses start to realize the advantages DevOps can offer in terms of cost savings and agility, the future of the DevOps industry is looking quite promising.

COVID-19 Impact: Rise in Use of the Platform as a Result of the Abrupt Transition to Remote Working

The way that enterprises handle software creation and implementation has been significantly impacted by the COVID-19 epidemic. In order to retain productivity and cooperation, several businesses have accelerated the implementation of devOps strategies in response to the abrupt transition to remote work. Additionally, the pandemic has increased the demand for cloud-based services and infrastructure. The management of on-premises infrastructure has gotten more difficult as teams work remotely. Teams may more easily obtain the resources they require to keep creating and distributing software thanks to the cloud's increased elasticity and scalability.

Latest Trends

"Introduction of New Technique as it Makes it Simple for Teams to Control their Infrastructure and Operations"

GitOps is a technique for deploying applications and enforcing desired states by leveraging Git repositories as a single authoritative source for expressive setup of an application. This method is gaining popularity since it makes it simple for teams to control their infrastructure and operations. This is just one illustration of the most recent advancement in the platform sector, but it is a constantly changing market, and new advancements appear all the time.

DevOps Platform Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into DevOps Ready, DevOps Enabled and DevOps Capable

• By Application Analysis

Based on application, the market can be divided into IT, BFSI, Retail, Telecom, Education and Others

Driving Factors

"Growing Adoption of IoT and Increasing Demand for Faster Software Delivery are Driving the Market Growth"

As IoT and AI are requiring rapid application deployment and scalability, there is an increased need for devOps systems that are more resilient and secure. Companies are being pressured to release software more quickly and frequently due to the development of these technologies and the fast-paced commercial landscape. These systems give businesses the ability to automate and simplify the distribution of software, which speeds up product releases.

"Advantages Offered by DevOps Technologies to Optimize Business Operations are Broadening the Industry"

For any type of business that wants to be capable and flexible enough to respond to the quickly shifting market requirements, devOps technologies are crucial platforms. These technologies will be essential to the functioning of the company and will facilitate collaboration across IT operations, design, and business by lowering communication barriers as well as between customers and stakeholders. As a result, it is predicted that increasing use of devops platforms by businesses for automated software operations will spur market growth. This anticipated rise is due to the ability of devops technologies to investigate and monitor bottlenecks inside the application, discover issues, and optimize them, as well as to provide progress recap and fast delivery. In the upcoming years, these factors are anticipated to fuel market expansion.

Restraining Factors

"Lack of Standardization and Security Concerns might Hinder the Market Expansion"

Organizations may find it challenging to adopt and put into practise an unified DevOps strategy due to the lack of standardization in devOps processes and technologies. Organizations may also find it difficult to put the necessary security controls in place as a result of the greater usage of automation and cooperation in devOps. These factors are anticipated to hinder the devOps platform market growth during the anticipated time frame.

DevOps Platform Market Regional Insights

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"Growing Demand for Security and Adoption of System Automation Technologies are Promoting the Regional Market"

Due to the increasing need for automated processes in countries such as Japan, China, Taiwan, and India, Asia Pacific is anticipated to develop at the quickest CAGR as well as hold the largest devOps platform market share over the projected time frame. In reaction to the growing demand for maximum security when operating virtual or cloud platforms, the DevOps industry in the region is escalating. Additionally, the nation's progress can be linked to rising internet-connected mobile device usage, a focus on digitization, and an increasing preference for improved organizational performance. Additionally, the market growth has been helped by Singapore and India's increasing adoption of system automation technologies that allow proper software connectivity across the financial services and sectors.

Key Industry Players

"Key Players Focus on Product Innovation and Partnerships to Increase their Market Shares "

Leading companies in the devOps platform sector are using a variety of tactics to grow their market share, including product innovation. In this case, market leaders are constantly updating their platforms with new features and functionalities to better serve customers' changing needs. To increase their market share and provide supplementary services, the competitors are forging alliances and partnerships with other businesses, such as software providers and consulting organizations. They are increasing their marketing and branding expenditures in an effort to raise platform awareness and set themselves apart from rivals.

LIST OF TOP DevOps Platform COMPANIES

• Red Hat (Ansible) (U.S.)
• IBM (U.S.)
• Atlassian (Australia)
• Microsoft (U.S.)
• Docker Inc.(U.S.)
• Chef (U.S.)
• Rackspace (U.S.)
• Terraform (Canada)
• VersionOne (U.S.)

Report Coverage

This report covers the devOps platform market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.