According to the latest report by IMARC Group, titled “DevOps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global DevOps market reached a value of US$ 7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26 Billion by 2027, exhibiting a CAGR of 24.6% during 2022-2027. DevOps includes the combination of development and operations that facilitates collaboration, integration, communication and automation. These solutions help in bringing software development and IT operations together for increasing an organization’s speed to deliver applications and streamline software development with IT operations. Its deployment makes the entire process more efficient and expedites time-to-market. As a result, it is widely utilized by various sectors, such as retail, banking, financial services, insurance (BFSI), IT and telecommunication, healthcare, and others.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global DevOps Market Trends:
The global market is majorly driven by the widespread adoption of automated software solutions by small and medium enterprises (SMEs) and large enterprises. Due to the flexibility, agility, and fast application delivery offered by devOps, it is gaining prominence across the corporate sector. Moreover, the growing integration of Artificial Intelligence (AI) and Machine Learning (ML) with devOps is significantly contributing to the market growth. Besides this, rapid digitization, increasing penetration of Internet of Things (IoT) and continuous improvements in network infrastructure are creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
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Key highlights of the report:
Other Reports of IMARC Group:
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