DevOps Market Size to Reach $14,969.6 Million by 2026; High Demand for Automated Devices to Propel Growth

The global development and operations (DevOps) market size is projected to reach USD 14,969.6 million by 2026. It would gain traction from the capability of these tools in facilitating the development process smoothly. At the same time, they help in improving operation and security procedure maintenance, reduce code errors, and increase quality. Fortune Business Insights™ published this information in a recent report, titled, “DevOps Market Size, Share & Industry Analysis, By Offering (Software, Services), By Deployment (Public Cloud, Private Cloud, and Hybrid), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Industry (BFSI, Retail, Government, Manufacturing, IT & Telecommunication, Healthcare, and Others), and Regional Forecast, 2019-2026.” As per the report, the market stood at USD 3,709.1 million in 2018 and is set to exhibit a CAGR of 19.1% during the forecast period between 2019 to 2026.

Cisco Systems, Inc. Acquires AppDynamics, Inc. to Broaden its Software Offerings

In January 2017, Cisco Systems, Inc., a developer, manufacturer, and seller of networking hardware, software, and telecommunications equipment based in San Jose, announced its plan to purchase AppDynamics, Inc., an application performance management and IT operations analytics company worth USD 3.7 billion. This acquisition would help in bolstering the latter’s software offerings to large enterprise consumers.

According to the company officials, the blend of AppDynamics and Cisco will enable them in offering end-to-end intelligence and visibility from the network to the application. It would be combined with scale and security and would help the IT sector in achieving a new level of business results. Moreover, AppDynamics was previously competing with the industry giants such as New Relic and others and this acquisition would put Cisco into a deeper competition with the other software providers.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/devops-market-102040

Increasing Adoption of Hybrid Cloud in IT Sector to Accelerate Growth

Nowadays, software providers are offering hybrid cloud equipped with DevOps to allow flexible and effortless provisioning of services that maintains the balance of the total price of ownership of managing the in-house runtime and development infrastructure. Hybrid cloud is helping in bridging businesses and the IT sector by revamping agility and efficiency. At the same time, it is offering IT offerings at a low-cost. In addition to that, the high switching cost between public and private cloud models is augmenting the adoption of hybrid cloud.

As per one of our lead analysts, “Automated devices are very reliable unlike the conventional manual procedures. Therefore, organizations are rapidly inclining towards the deployment of automated software solutions as they reduce the cost of operational failure.” These factors are anticipated to boost the DevOps market growth during the forthcoming years.

Key Players Focus on Strategic Collaborations to Strengthen Position

Renowned companies operating in the market are engaging in strategic partnerships to launch new products and gain a competitive edge. It would also help them in strengthening their position in the market and widen geographic presence. Below is one of the latest key industry developments:

• July 2019: IBM Corporation and DBmaestro collaborated to provide database automation capabilities for optimizing DevOps environments. It is meant for their enterprise consumers across the world. The CEO of DBmaestro mentioned that this strategic partnership would help in building the company’s pre-existing relationship in making use of each other’s products and support its joint mission to allow organizations in becoming more agile.

Fortune Business Insights™ profiles a few of the most renowned organizations present in the DevOps software market. They are as follows:

• Puppet


• CA Technologies


• Red Hat, Inc.


• Amazon Web Services, Inc.


• Microsoft Corporation


• IBM Corporation


• Atlassian Corporation Plc.


• Oracle Corporation


• Cigniti Technologies


• RapidValue


• Google LLC


• GitLab


• Other prominent market players

Further Report Findings-

• North America held USD 1,829.4 million in global DevOps market revenue in 2018 owing to the surging adoption of these solutions in BFSI, retail, and IT & telecommunication industries.


• Europe would exhibit healthy growth on account of high usage of development to operation solutions in banks


• Asia Pacific to showcase the highest CAGR because of the growing number of small and medium enterprises (SMEs)


• In terms of industry, the BFSI segment acquired DevOps market share of 18.9% in 2018. This growth is attributable to the increasing usage of internet banking.


• Under the deployment criterion, the public cloud segment procured the largest market size in 2018. It occurred because of the rising digitization of companies.

The development to operations market can be segmented on the basis of: