DevOps Market: Understanding the Latest Developments, Market Dynamics, and Competitive Scenario in the Industry in 2021-2030 Period

A recently published Allied Market Research report on the DevOps market highlights that the industry, which accounted for $6.78 billion in 2020, is expected to generate a revenue of $57.90 billion by 2030, thus surging ahead at a CAGR of 24.2% from 2021 to 2030. The report covers the various growth drivers, market restraints, and investment opportunities in the landscape to aid businesses in developing a deep understanding of the industry.   

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Highlights of the study  

• The growing number of software applications running in dynamic IT backgrounds is predicted to greatly boost the market.  
• The increasing need for fast and continuous application delivery is anticipated to bring new growth opportunities in the industry. 
• The overall surge in the adoption of emerging technologies such as artificial intelligence and machine learning is estimated to create favorable conditions for the growth of the landscape.  

Upcoming trends in the industry 

DevOps refers to a set of operations and practices that automate the processes associated with software application development and enhance the coordination between IT professionals and developers. In the past few years, several new technologies have been introduced as part of DevOps, which has significantly transformed the industry. Some of these latest developments are discussed below:  

• DevSecOps  

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An important component of modern software applications is the security parameters put in place to secure the confidential data collected by the application. In order to integrate these security features in a coherent manner, developers are increasingly using DevSecOps, a specialized approach that helps reduce security and privacy risks. This approach also seeks increased collaboration between IT security and software development teams for building a robust application. 

• AIOps  

With the advent of generative AI tools, the field of DevOps has witnessed substantial growth as these tools are now being integrated into software development for various purposes. For instance, processes like anomaly detection, automated remediation, and root cause detection have become much more refined and sophisticated with the introduction of generative AI. AIOps, as it is known, is now proactively deployed for data enrichment so as to improve the functioning of the software application.  

Important factors influencing the growth of the market  

The growth of the DevOps market is attributed to the rising need for fast application delivery in software development processes. Furthermore, over the years, the focus on CAPEX and OPEX has increased massively, which is expected to increase the demand for DevOps in the near future. This growth in demand is predicted to ultimately help the industry register a rise in revenue in the coming period.   

A major development experienced in the past few years is the increasing adoption of automation technologies by small and medium-scale enterprises. As a result, the demand for applications capable of running in dynamic IT environments has surged exponentially, which has caused an expansion in the DevOps landscape. The emergence of innovative technologies such as AI and machine learning is anticipated to broaden the scope of the industry in the next few years.  

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Segmental and regional analysis  

Apart from focusing on the growth drivers and investment opportunities, the AMR report also provides insights into the various segments of the industry on the lines of component, organization size, cloud type, and industry vertical. Based on component, the solution segment of the DevOps market is expected to have the highest market share in the coming period owing to the rising adoption of advanced software development solutions by various businesses. Similarly, by industry vertical, the IT & telecom segment is expected to gather the largest revenue share in the 2021-2030 period due to the growing focus on fast application delivery by software developers.  

Along with this, based on cloud type, the public segment accounted for more than two-thirds of the market revenue in 2020 and is expected to continue its dominance in the years to come. The low implementation costs, ease in availability, and enhanced remote access are anticipated to play an important role in this segment’s growth. Finally, by enterprise size, the large enterprise segment is projected to experience major growth on account of the growing adoption of DevOps and other such technologies by multinational giants of the industry.  

At the same time, on the basis of region, the Asia-Pacific region is expected to have the fastest growth rate from 2021 to 2030. The increasing number of small and medium-scale enterprises that are shifting to DevOps and associated technologies is expected to improve the revenue share of the landscape in this province in the years to come.  

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