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  • 20 June 2019 21:37

High Revenue Growth at 14.1% CAGR || Technology Evolution and Product Innovation to Bolster Demand for Global Devops Tool Market

DevOps enables better collaboration between development and operations teams. It is a methodology that aims to bridge the gap between developers and operations during software development to enhance productivity and efficient workflow.

DevOps tools enable enterprises to automate software development and testing lifecycle by standardizing and automating movement, and deployment of code across different environments. It includes API tools, configuration management tools, collaboration and organizational tools, automation tools, application and infrastructure monitoring tools etc.

Rising adoption of cloud technologies across various industries for containerization, service virtualization, micro-services, and PaaS, among others, are some major considerations for the market. Moreover, increasing investments in IT concepts such as cloud technologies, mobility, IoT, and BYOD across various industries, along with rising adoption of automated software solutions and various cost benefits of automating software development processes will act as a supporting factor for the same.

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The increasing number of small and medium enterprises across various countries delivers digital services required DevOps tools to automate their organizational process. DevOps tool is available into following types namely: DevOps ready, DevOps enabled, and DevOps capable.

DevOps tools are used in many application across various industry such as IT, telecom, BFSI, and government and public sector. DevOps tools can identify inefficiencies faced by IT industry, such as software quality, release timelines, and application downtime, by delivering solutions to improve business efficiency and meet business needs. The IT industry majorly used DevOps solutions in order to automate software development, testing, and operations processes to enhance quality, reduce delivery time, and satisfy customers by improving their experience. Similarly, in BFSI industry, rising penetration of smartphones and availability of various devices for commercial and banking transactions resulting into increasing adoption of DevOps tools in order to delivery digital services and solutions to enhance customer experience.

The global DevOps tool market valued at US$ 2,858.2 Mn in 2018, and is projected to increase at a significant CAGR of 14.1% over the next 10 years.

Service providers and manufacturers focusing on development of technological advanced products and innovation in existing products in order to satisfy consumers. Increasing manufacturers focus towards strategic merger and acquisition in order to improve their offerings and improve geographical footprint across the globe.

Early adoption of new and advanced technologies, rising adoption of smartphones, improved network connectivity, and adoption of digital services across various countries in North America can lead to increasing demand for DevOps tool to a significant extent. In addition, presence of key service providers, such as IBM Corporation, CA Technologies, Cisco Systems, Inc., Hewlett Packard Enterprise, Chef, Inc., Puppet Labs, Inc., and Docker, Inc. in various countries in this region will support technological advancements for this products.

In Asia Pacific, awareness regarding such technologies and it benefits, increasing investments in cloud and IoT technologies, rising adoption of connected devices, etc., result in high adoption rate for DevOps tool in the years to come.

Some of the major players operating and profiled in the global DevOps tool market report include Puppet Labs, Chef, Docker Inc., Red Hat, Atlassian, Saltstack, CA Technologies, Rackspace, XebiaLabs, VersionOne, Cisco, CollabNet, HP, IBM, Microsoft, Spirent Communications plc, Vmware, and DBmaestro.

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