DevOps Market [Latest Trend], Growth, Size, Application & Forecast 2028

The DevOps Market size is expected to grow from USD 10.4 billion in 2023 to USD 25.5
billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.7% during the
forecast period. DevOps could be the only practical method to deal with diverse
ecosystems efficiently since modern enterprise applications are ripe with
complexity that keeps increasing due to the usage of numerous technologies,
many databases, and various end-user devices. DevOps technologies can help in
the four areas of culture, automation, measurement, and sharing (CAMS), which
some people divide into four categories. These technologies can improve the
efficiency and collaboration of development and operations workflows by
automating formerly laborious, manual, or static procedures involved in
integration, development, testing, deployment, or monitoring.

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List of Top Companies in the market

·      Broadcom (US)

·      Microsoft (US)

·      IBM (US)

·      Atlassian (Australia)

·      Google(US)

·      AWS (US)

·      Oracle (US)

·      Cisco (US)

·      Micro Focus (UK)

·      and GitLab (US)

IT and ITeS segment to capture a large market share during
the forecast period

The DevOps market, by vertical, includes BFSI, healthcare and
life sciences, telecommunication, IT and ITeS, retail and consumer goods,
government and public sector, energy & utilities, media and entertainment,
education, manufacturing, and other verticals. In the IT and ITeS sector,
DevOps has undergone a revolution. IT operations and software development are
combined in the DevOps methodology. The system's development life cycle will be
sped up, and high-quality software will be delivered continuously. The
industry's integration of code, application administration, and application
maintenance depends on DevOps developers. Automation and procedural consistency
are the core principles of DevOps. The concept of security is one of the most
important challenges that any organization or corporation must face,
especially those in the IT and ITeS sector. The issue of security is
peculiar since there is a greater possibility of automating issues as users
automate more. Due to the fundamentally managed nature of every automation in
this industry, the DevOps concept has a lot of potential for development.
Lastly, DevOps engineers identify potential vulnerabilities the IT system might
face and create strategies to protect it from them. Engineering efforts also
concentrate on developing systems that are resistant to breaches in order to
defend the system from attackers.

Large enterprises segment to capture a large market share
during forecast period

The DevOps market has been segmented by organization size
into large enterprises and SMEs. As per organization size, Large enterprises
are expected to capture a large market share during the forecast period. Large
businesses can maintain the Software Development Life Cycle (SDLC) through the
use of DevOps. To enhance and automate the development and operation processes,
large businesses are actively investing in various SDLC phases. Large
businesses' need for adaptable, scalable, and convenient services will
likely spur industry participants to develop fresher technologies and creative
fixes. Another strategy for implementing DevOps involves adding a new line item
to the budget for the business: setting up an internal DevOps department. The
hiring of DevOps experts with formal training is unquestionably advantageous.
Unfortunately, there is currently a dearth of genuinely excellent DevOps
professionals on the market. According to secondary data, large
enterprises are not only implementing DevOps, but more than 90% have
already experienced or anticipate having significant benefits. These include
improvements in delivery speed, development and operations costs, defect
detection, capacity for innovation, and a host of other factors, ranging from
17% to 23%.

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North America segment to capture a large market share during
the forecast period

The DevOps market has been segmented by region into North
America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
As per region, North America is estimated to account for the largest market
share in the global DevOps market in 2023, and this trend is expected to
continue during the forecast period. North America is the region with the most
established DevOps adoption due to a number of factors, including the existence
of large enterprises with sophisticated IT infrastructure and the availability
of technical expertise. Modernizations in the fields of containers,
microservices, and cloud computing are some of the factors driving the adoption
of DevOps globally. DevOps is also commonly used in the government and banking
sectors. As the benefits of the cloud approach become more apparent, more firms
are implementing it. North America's two largest contributors to the DevOps
market are the US and Canada. The trend is expected to persist during the
forecasting period. It is a region with strict regulations for a number of
economic sectors and advanced technology.

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