Development To Operations Market Expected To Witness A Substantial Growth Of $39.84 Billion By 2030: Grand View Research Inc.

 


The global development to operations market size is expected to reach USD 39.84 billion by 2030, registering a CAGR of 20.7% during the forecast period, according to a new report by Grand View Research, Inc. from 2022 to 2030 Increasing demand for stream lining collaborations between Information Technology (IT) and operations team intended for the business productivity, are the major drivers of the growth of the Development to Operations (DevOps) market.

Additionally, the rising adoption of agile frameworks along with the continuous integration and deployment practices are likely to create the need to adopt development to operations solution. These digital capabilities help organizations to make the delivery process more simple and versatile. This is attributed to the rise in demand for DevOps solution, during the forecast period.

Development to operations helps enhance the collaboration between the development teams, operations teams, and the quality assurance teams in order to ensure a continuous integration, testing, and delivery of the software. For instance, the Development Bank of Singapore (DBS) has planned to step into open source and micro services by adoption of DevOps tools in order to serve their customers in a more structured manner. DevOps solution features automated software development methodology which does not differentiate if the team is working remotely or on-premise. Due to this autonomous facility, there are lucrative opportunities for the growth of the market.

The collaborative development to operations environment encourages knowledge sharing among teams. The automated, continuous monitoring and testing of the code contributes to the overall quality of the software. Teams are empowered to share feedback with one another to detect the errors and resolve them as soon as possible. DevOps tools can also enable the developers to integrate a continuous feedback loop so that the response time can be shortened and new versions of the software can be released continuously. Thus, it allows organizations to make development to operations workflows more streamlined, automated and profitable to maximize efficiency.

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https://www.grandviewresearch.com/industry-analysis/development-to-operations-devops-market/request/rs1

Increasing adoption of cloud technologies, fast application delivery, advancements in artificial intelligence, and software automation are the factors expected to drive the growth of the DevOps market. The eruption of the COVID-19 pandemic disrupted several businesses, however, the global DevOps market witnessed an increase in demand during the period. This was attributed to the fact that there was a sudden rise in demand for the software and online web-based applications, as businesses were moving to capitalize on the increased online presence of their customers. It boosted Information Technology (IT) businesses to deliver software products by allowing cross-functional teams to be more flexible and ensuring higher operational efficiency during the pandemic.

Development To Operations Market Report Highlights

  • The cloud segment is expected to observe a CAGR of 21.4% during the forecast period. The segment growth can be attributed to the increased adoption of automation, along with digitization of the enterprises, and lesser costs for the deployment activities. Thus improving scalability and flexibility within businesses as it allows businesses to access data across connected devices at any point. These benefits will supplement the growth of the segment during  the forecast period
  • The SME segment is expected to witness significant growth of a CAGR of 21.9% during the forecast period owing to the increasing number of small and medium enterprises, across emerging economies, opting for the efficient business solutions
  • The BFSI segment accounted for 21.7% of CAGR during the forecast period. Increasing digitization, coupled with  increasing demand of the customers for efficient delivery processes and services are the factors , expected to drive the market growth
  • North America is expected to account for highest share, during the forecast period.  Key factors contributing to the regional growth are  rapid adoption of automation tools, advanced cloud infrastructure, and its wide usage across various sectors such as retail, IT, telecom, and BFSI

Additionally, the COVID-19 pandemic has accelerated the growth of the development to operations market, owing to the growing importance of cloud platforms and systems in enhancing business growth through digital transformation. Furthermore, businesses all over the world are implementing digital transformation solutions and services in order to resume and sustain operations during the pandemic.

Development to operations often provides cloud-based services to easily associate the tools such as query surge and slack. Query surge tool integrates into the DevOps pipeline for continuous testing. Additionally, it provides separate operations, which means each developer focuses on a single tool without understanding the entire toolchain. Along with better collaboration and faster turnaround, its increased efficiency helps to a quicker development process that is less prone to errors.

Some prominent players in the global development to operations market include:

  • IBM Corporation
  • Amazon Web Services
  • CA Technologies
  • Puppet Inc
  • Hewlett Packard Enterprise
  • Chef Software, Inc
  • Cisco Systems
  • Para soft
  • Docker, Inc
  • Atlassian Corporation Plc

 

 

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