Portland, April 11, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “DevOps Market by Solution (Monitoring & Performance Management, Lifecycle Management, Analytics, Delivery & Operations Management, and Testing & Development), Deployment (Cloud and On-premise), and End User (SMEs and Large Enterprises) - Global Opportunity Analysis and Industry Forecast, 2017-2023”. According to the report, the global DevOps market accounted for $2.86 billion in 2016 and is projected to reach $9.41 billion by 2023, registering a CAGR of 18.7% from 2017 to 2023.
Rise in need for efficiency and maintainability of operational processes, increase in adoption of cloud computing through PaaS solution, surge in demand for automated software among SMEs, and lower downtime in software development life cycle have boosted the growth of the global DevOps market. However, lack of standard definition of DevOps and dearth of technical skills for effective DevOps applications hamper the market growth. On the contrary, rise in the internet of things (IoT) and major shift from traditional data centers to hybrid cloud systems are expected to create lucrative opportunities in the near future.
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Global DevOps market is divided on the basis of solution, deployment, end user, and geography. Based on solution, the market is segmented into monitoring & performance management, lifecycle management, analytics, delivery & operations management, and testing & development. The monitoring & performance segment held the largest share in 2016 and is projected to register a CAGR of 15.5% during the forecast period.
On the basis of deployment, the DevOps market is bifurcated into the cloud and on-premise. In 2016, the cloud segment held the largest share and is estimated to witness the fastest growth during the study period. However, the cloud deployment segment is also expected to manifest a gradual growth through 2023 as it manages risks across complex environments and reduces risks associated with automated cloud compliance.
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Based on end user, the market is segmented into SMEs and large enterprises. The DevOps market is analyzed in regions such as North America, Europe, Asia-Pacific, and LAMEA. The market in the North America region is expected to garner $1.40 billion by 2016. Moreover, the industry in the other regions is projected to maintain constant growth during the study period.
Global DevOps market report includes the major market players such as IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Microsoft Corporation, Hewlett Packard Enterprise Development LP, VersionOne, Inc., EMC Corporation, Google, Inc., Red Hat, Inc., and CA Technologies.
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