The DevOps software market was valued at US$3.832 billion in 2019. DevOps, as compared to pure agile, is a fairly new culture or practice in which software development and operations work simultaneously without silos. Although this methodology is seen as a part of the broad agile practice since it also includes adaptive planning, development, and delivery, both of these approaches differ significantly from each other. While a pure agile approach is confined to these three components (planning, development, and delivery), DevOps goes beyond them by including continuous monitoring and development. The growth of the DevOps software market is majorly being driven by growing competition across the communication and technology industry. As this industry continues to become highly competitive, companies are increasing their focus on cost reduction. Higher than estimated costs associated with software development using other approaches, coupled with a lower level of satisfaction of clients on account of poor quality of software developed, is drifting companies away from them towards DevOps, thus boosting the market growth.
The rapid growth of the cloud across the globe is another major factor shaping this growth. Companies and organizations across the globe require a scalable, secure, and cost-effective solution to manage their data and workflow. Cloud solutions help companies and organizations reduce their operational cost by saving money on various fronts such as data center maintenance, power, and cooling costs, and software licensing and upgrade expenses. Not just large enterprises, many SMEs (Small and Medium Enterprises) with low budgets across the globe are also adopting cloud solutions on account of improved efficiency offered by them, and availability of a good number of players providing tailored solutions for diverse business needs. Since working on the cloud requires solutions with shorter release (or upgrade) cycles so as to ensure that complete potential is being tapped, DevOps is becoming increasingly popular among software development companies, thus adding to the market growth.
Continuous advancements in the field of Internet of Things (IoT) are increasing its adoption across the globe, and this is expected to remain another key driving factor for this market. The increasing number of connected devices across the globe and the generation of trillions of GBs of data every day is increasing the demand for efficient big data solutions. Big data analytics tools have the capacity to handle huge and complex data sets efficiently and generate meaningful insights. Hadoop, for instance, is an open-source software ecosystem which has the provision for an immense data storage and high processing power with the ability to manage multiple tasks virtually from the IoT devices. Since working with IoT requires close collaboration between clients and software vendors, and continuous upgrade and maintenance of software, demand for DevOps is increasing among vendors, thus propelling the market growth.
As spending by enterprises of all sizes into their IT infrastructure continues to increase, in order to upgrade it to a more robust and scalable one, we expect the demand for improved software development methodologies to increase over the projected period. Furthermore, since cloud, big data and IT security continue to account for a significantly large share of global IT spending last year, the demand for more efficient software development approaches is increasing, thus augmenting the market growth.
DevOps software market has been segmented on the basis of deployment model, enterprise size, end user, and geography. By deployment model, the market has been segmented into On-premise and cloud. By enterprise size, the market has been segmented into small, medium and large. By end user, the global DevOps software market has been segmented into communication and technology, manufacturing, BFSI, retail and others.
North America holds a significant share in the global DevOps software market
Geographically, the DevOps software market is segmented as North America, South America, Europe, the Middle East, and Africa (MEA), and Asia Pacific (APAC). To give a clearer view of these regional markets, these have been further segmented into countries that account for a significant market share. North America and Europe together account for a fairly large market share and market growth in these regions is expected to remain good over the forecast period. The availability of favorable technology infrastructure in these regions is one of the major factors supporting the market growth. Furthermore, since technology companies in many economies in these regions are known to show early adoption of new technologies, they have the early adopter benefit and hold a fairly decent market share. The booming automation sector in these regions, coupled with the presence of a good number of companies offering software solutions to customers in this sector, is driving with it the demand for DevOps software among them. The market growth in the Asia Pacific is anticipated to remain solid over the projected period. The rapid growth of the communication and technology industry in countries like China, Japan, India, and South Korea among others is one of the major driving factors for the regional market. Evolving technology infrastructure these countries is poised to support the uptake of DevOps among technology companies in this region, thus boosting the market growth. The heavy inflow of investments by players across other industries is driving the demand for better software offerings among customers, thus bringing many new vendors into the market. South America and the Middle East and Africa account for a relatively small market share. However, market growth in these regions is expected to remain good over the forecast period as governments in these regions continue to focus on strengthening their technology infrastructure which aids in strengthening industrial sectors aligned to it.
The recent outbreak of novel coronavirus has affected businesses worldwide. Since industries continue to witness a slump in growth, reducing costs has become even more necessary for enterprises. Players across the communication and technology industry are implementing big cost cuts while delivering solutions to clients still remains a key focal point. This is expected to further drive the market growth across all major regions.
Prominent key market players in the DevOps software market include IBM, Microsoft Corporation, Hewlett-Packard, Broadcom and Red Hat, Inc. among others. These companies hold a noteworthy share in the market on account of their good brand image and quality of offerings. Many major players in the DevOps software market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.