DevOps Market is set for lucrative growth forecast 2021-2031 – Caterpillar Inc., Kawasaki Heavy Industries, Ltd, MITSUBISHI HEAVY INDUSTRIES

The global DevOps market was valued at USD 7.2 Billion in 2021 and it is anticipated to grow up to USD 35.8 Billion by 2031, at a CAGR of 17.4% during the forecast period.

DevOps is an approach to software development that emphasizes communication and collaboration between software developers and other IT professionals. The goal of DevOps is to shorten the software development life cycle and increase the frequency of software deployments. DevOps is a set of practices that combines software development (Dev) and information technology operations (Ops). DevOps is designed to increase the speed and quality of software development while also reducing the risks involved in software changes.

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Market Trends and Drivers

The adoption of software development automation technologies including continuous integration and Continuous Deployment (CI/CD) practices is likely to fuel the industry growth. The evolution of automation technologies across various industry verticals has strengthened the demand for DevOps tools. As software upgrades are becoming increasingly important in a digitally empowered landscape, enterprises are adopting DevOps solutions for quick development and deployment.

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Global DevOps Market Segmentation

By Component

  • Solution
  • Services

By Deployment Model

  • On-premise
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Application

  • BFSI
  • Healthcare
  • Government
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

Major Players in the Global DevOps Market

The key players in the DevOps market Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology. among others.

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