Mar 01, 2021 (SUPER MARKET RESEARCH via COMTEX) -- According to the latest report by IMARC Group, titled " DevOps Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the global DevOps market size reached US$ 3.5 Billion in 2019. DevOps is a portmanteau of development and operations, which includes a set of practices for automating processes between software development and information technology (IT). It involves a vast number of cross-functional teams, such as suppliers, partners, developers, business analysts, QA practitioners, security specialists, operations personnel, line-of-business owners, and enterprise and software architects. It promotes better communication, increases the potential to solve critical issues quickly, and helps to deliver applications and services at a high velocity. Moreover, DevOps is secure, cost-efficient and improves the overall quality of the application development process.
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Global DevOps Market Trends:
DevOps helps in addressing a variety of inefficiencies faced during the software development lifecycle. Moreover, as it is practical, more accurate, incurs low maintenance expenditure and assists in reducing coding errors, numerous organizations are shifting toward automated software development. Apart from this, the growing popularity of Artificial Intelligence (AI) and Machine Learning (ML) is also propelling the market growth. AI and ML aid in processing significant amounts of information and performing tedious tasks, thereby enabling the IT staff to do more targeted work and anticipate problems and suggest solutions. Furthermore, with the increasing penetration of the Internet-of-Things (IoT), DevOps has gained immense traction worldwide on account of the co-dependence of the hardware and the embedded software that runs on it. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2020-2025.
Market Breakup by Type:
Based on the type, DevOps solutions represent the most preferred product, followed by services: –
Market Breakup by Deployment Model:
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Public
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Private
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Hybrid Clouds.
Public cloud currently accounts for the majority of the total market share.
Market Breakup by Size:
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Large
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Medium-Sized
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Small-Sized Enterprises
Market Breakup by Tool:
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Development
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Testing
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Operation Tools
Market Breakup by Industry Vertical:
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Telecommunications and Information Technology Enabled Services (ITES)
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Banking
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Financial Services and Insurance (BFSI)
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Retail
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Manufacturing
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Healthcare
