How Big Is the DevOps Market?
According to MarkNtel Advisors, the DevOps Market is anticipated to expand at a CAGR of roughly 18.27% from 2023 to 2028. The DevOps market has been thoroughly examined by reputable research firm Markntel Advisors. This analysis took into account a number of factors, including recent developments, trade laws, import-export analysis, production trends, changes in market laws, value chain optimisation, and market share insights. Readers will find it simple to explore the study’s clearly defined sections, chapters, and sub-categories.
In addition, the DevOps Market Report highlights the significance of domestic and regional market players, creating revenue streams, strategically analysing market growth, product approvals, the introduction of novel offerings, geographic expansions, and technological advancements. The primary objective of this study is to provide readers with a comprehensive insight of the market while emphasising the distinctive traits, contributing factors, and other elements that may potentially restrain market expansion.
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Global DevOps Market Growth Opportunity:
Surging Cloud Adoption to Provide New Opportunities to the Market Players – Cloud computing helps enterprises to reduce their IT costs & supplement their scalability & flexibility owing to companies planning to increase their cloud adoption in the coming years. According to the Nutanix cloud index report for 2021, all companies are increasing the adoption of cloud services. Moreover, as per the survey, 56% of respondents said they’ve already adopted multi-cloud, and 80% plan to do so in the next 3 years. Similarly, as per the 2023 Technology Spending Intentions Survey from Enterprise Strategy Group, about 71% of decision-makers of mid-market & enterprise companies plan to develop & deploy the cloud-native application in 2023, and approximately 59% of the respondents indicated that spending on cloud applications would increase post-2023. hence, this would create an opportunity for the market player to provide tools & services that would help them to adopt & implement DevOps practices in the future years.
Geographical and Competitive Analysis of the DevOps Industry
The DevOps market is made up of a wide variety of market segments. These segments, which deal with variances, trends, and marketing tactics, are clearly defined and presented. This comprehensive approach equips participants with the vital information required to make informed decisions and fully appreciate the market. The market is divided into the following categories:
By Organization Size
-Small and Medium Enterprises
-IT & Telecom
-Government & Public Sector
-Media & Entertainment
-Others (Energy & Utility, Education, etc.)
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-Rest of the World
Key Players Operating in the DevOps Market: –
Atlassian Corporation plc, CA Technologies (Broadcom), Amazon Web Services, Inc. (AWS), IBM Corporation, Microsoft Corporation, Dell Technologies LLC, Google LLC, Micro Focus International PLC, Hashicorp, Inc., Oracle Corporation, Gitlab Inc, RackSpace Technologies, Cigniti Technology, Perforce Software, Inc., Chef Software, Inc., Others
These Questions Are Answered by the DevOps Market Research Report:
- What is the current size of the DevOps Market?
- What is the anticipated Compound Annual Growth Rate (CAGR) of the DevOps Market for the period 2023-2028?
- What are the significant trends and growth prospects that key players in the DevOps Market should be aware of?
- Who are the prominent participants in the DevOps Market?
- Which specific market segment holds promise for companies engaged in the DevOps Market?
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Obtain a Competitive Advantage Using Our Report on the DevOps Market.
-The report on the DevOps Market provides a thorough examination of the sector’s size, rate of expansion, level of competition, and key players. With the help of this extensive analysis, businesses may get a complete view of the market dynamics and make informed decisions.
– Our study also examines current market trends and long-term projections in order to assist organisations in identifying new possibilities and potential threats. Businesses can coordinate their tactics and outperform the competition by comprehending market estimates.
– The DevOps industry research makes it simpler to evaluate and minimise the risks of entering or operating in the sector.
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