Check out our blog post for more detailed information about DevOps market size, forecast and overview.
DevOps is an operational strategy that enables faster and simpler delivery of new and existing products by merging development and operations processes. This approach facilitates faster software development, streamlined upgrades, and better predictability of software releases.
To learn more about DevOps, read our blog article here.
DevOps involves the application of best practices, standardization, and new techniques to enhance connections between Development, Operations, and other stakeholders within an organization. DevOps comprises management structure, operations, and tooling, including continuous integration and continuous deployment (CI/CD), real-time monitoring, incident response systems, and collaboration platforms.
Due to the fast-paced and ever-changing work environment, companies require timely delivery and faster processing times in application development, leading to the rise of DevOps.
DevOps is implemented by combining interaction, integration, continuous deployment, automation, testing, and monitoring. It surpasses the traditional model by promptly identifying and resolving issues through automated testing, allowing the team more time to brainstorm new concepts.
The DevOps market size is projected to grow significantly in the coming years.
According to a report by Market Research Future, the global DevOps market had a value of USD 7,398 Mn in 2021 and is expected to reach USD 37,227 Mn by 2030, with a considerable CAGR of 20% during the forecast period of 2022 to 2030.
Read Also: Automation Testing: Market Size, Share, Trends & Dynamics
DevOps is a combination of the words "development" and "operations." It helps a company deliver applications faster and give their customers better service. It is safe, secure, and saves money. It also improves the quality of application development, shortens the time it takes to get a product on the market, adds security features, and lets you break up large code bases into smaller, easier-to-manage pieces.
DevOps involves a large number of cross-functional teams, including developers, business analysts, enterprise and software architects, line-of-business owners, QA practitioners, operations staff, security specialists, suppliers, and partners. This makes it easier to take advantage of market opportunities quickly, reduces the time it takes to incorporate customer feedback, and changes, and improves the relationship by encouraging better communication and teamwork between different business units.
According to the research, 78% of companies have adopted DevOps, and 70% of those companies have been using it for at least three years.
From shopping to entertainment to banking, many businesses and industries are moving toward automated software deployment, which is more accurate, useful, and requires less maintenance than manual processes. The research identifies automation as the largest component segment of the DevOps market, with a share of 60.1% in 2018.
Aside from this, the market is also getting a boost from new trends like Artificial Intelligence (AI) and Machine Learning (ML). AI and ML can handle a lot of information and help with simple tasks, so IT staff can focus on more important tasks and learn patterns, predict problems, and suggest solutions.
Also, the growth of the market is driven by the increasing use of agile frameworks and cloud technologies, as well as the digitization of businesses to automate business processes.
Read Also: Agile vs. DevOps: What's the Difference? and Similarities?
Also, as the Internet of Things (IoT) has spread quickly, DevOps has become more popular because the hardware and the software that runs on it work together.
The DevOps market is highly competitive, with many players operating in the space. Some of the top players in the DevOps market include:
These companies offer a range of DevOps tools and services, including software development and deployment platforms, automation tools, and monitoring and analytics solutions. They are expected to continue to be major players in the DevOps market in the coming years.
Ronwell offers tailored DevOps services to help your transition to continuous delivery and facilitate collaboration between your operations and web development teams.
With our advanced software suite, you can bring products to market faster, reduce development costs, and improve product quality.
Ronwell Digital can help optimize your business and enhance user satisfaction through increased automation.
In 2021, the DevOps Market was worth USD 7.01 billion. By 2030, it is expected to be worth USD 51.18 billion, which means it will have grown at a CAGR of 24.7% from 2023 to 2030.
The key driving factors for the growth of the DevOps market include increased demand for faster and more efficient software development, adoption of agile methodologies, growing need for continuous integration and continuous deployment (CI/CD) practices, rising demand for cloud-based services, increasing adoption of automation and artificial intelligence (AI), and growing awareness of the benefits of DevOps.
Content Marketing Specialist
4 min read
17 March 2023, Friday