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Report Overview
The global DevOps market was approximately USD 11.50 billion in 2023. The market is further expected to grow at a CAGR of 25.5% between 2024 and 2032, reaching a value of USD 88.62 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The OECD’s Digital Government Review (2023) noted that 70% of countries are enhancing their cybersecurity frameworks, driving the demand for secure DevOps (DevSecOps).
- The U.S. National Institute of Standards and Technology (NIST) highlights that public sector cloud adoption is accelerating, with DevOps being key to enabling seamless cloud-native deployments, thus bolstering the growth of the DevOps market.
- According to the World Economic Forum (2023), governments are prioritising digital transformation to enhance service delivery and operational efficiency.
Competitive Landscape
The DevOps market players are focusing on empowering automation of workflow, smoothing flow, and providing scalability in the support for fast and efficient delivery of software. The DevOps companies are trying to bring all sorts of tools and processes at par at each stage of development, testing, and deployment. This is to encourage more collaboration between teams of development and operation in order to optimise performance by making use of cloud-native technologies as well as AI and machine learning. This step will eventually cut down human intervention and offer continuous delivery to accelerate innovation and time-to-market for businesses.
Key Market Players
Key industry leaders in this market are:
IBM Corporation is an IT services and IT consulting company that was founded in 1911 and is headquartered in New York, United States. They specialise in IT infrastructure and technology support, among others.
Microsoft Corporation is a software development company that was founded in 1975 and is headquartered in Washington, United States. The company specialises in educational software, virtual reality, and artificial intelligence, among others.
Oracle Corporation is a computer software company that was founded in 1977 and is headquartered in Texas, United States. The company specialises in business intelligence, server and storage systems, and offers solutions for the communication sector.
Other key players in the DevOps market include Broadcom Inc, Atlassian Corporation Plc, Google LLC, Amazon Web Services, Inc., Cigniti Technologies Limited, Dell Technologies Inc., and Open Text Corporation, among others.
DevOps Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market size reached a value of approximately USD 11.50 billion in 2023.
The market is expected to grow at a CAGR of 25.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 88.62 billion by 2032.
The major market drivers include increasing focus on reducing IT expenditure and rising adoption of service virtualisation and microservices.
The key trends fuelling the growth of the market include rising implementation of DevOps in cloud environments and increasing adoption of security and testing practices.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant tools in the market for DevOps include development tools, testing tools, and operation tools.
The key players in the DevOps market, according to the report, are IBM Corporation, Microsoft Corporation, Oracle Corporation, Broadcom Inc, Atlassian Corporation Plc, Google LLC, Amazon Web Services, Inc., Cigniti Technologies Limited, Dell Technologies Inc., and Open Text Corporation, among others.
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