Latest News- DevOps Platform Market: IT is expected to lead the End-user segment during 2024-2028

The DevOps Platform Market is being driven by Reduced delivery time

The DevOps Platform Market is expected to grow at a CAGR of 27.89% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 22348.6 million.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • IT
  • BFSI
  • Telecommunication
  • Retail
  • Others
• Component
  • Solutions
  • Software
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Reduced delivery time
• Increasing need for standardized platform
• Cost reduction and superior service

However, the market also witnesses some limitations, which are as follows:

• Technical glitches during DevOps application deployment
• Risk related to DevOps orchestration tools
• Lack of expertise and awareness

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Market Scope in DevOps Platform Market Research Report

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Research Analysis Overview

The DevOps platform market is experiencing significant growth as businesses seek to adopt DevOps methodologies for faster and more efficient software development and delivery. DevOps is a set of practices that combines software development (Developers) and IT operations (Operations team members) to shorten the system development life cycle and provide continuous delivery with high software quality. DevOps techniques such as Lean programming and Agile software development enable teams to build, test, and deploy code more frequently, reducing the time between identifying and fixing bugs and delivering product updates and releases. DevOps Capable, DevOps Enabled, and DevOps Ready platforms are essential for businesses looking to adopt DevOps methodologies, providing Git repositories, GitOps, continuous integration, code administration, and deployment cycle automation. DevOps platforms can be on-premises or cloud-based services, catering to various corporate IT strategies. Security components are integral to DevOps platforms, ensuring that updates and product releases are secure and compliant with industry standards. The DevOps industry continues to evolve, with a focus on infrastructure building, continuous integration, and agility, making it a vital sector for businesses looking to stay competitive.

Market Research Overview

The Devops Platform market is a segment of the larger IT services market, encompassing companies providing consulting and system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. Specifically, the IT consulting and other services market refers to businesses offering IT consulting and information management services. According to Technavio, this market's size is determined by the consolidated revenue generated from contracts executed by companies specializing in all types of IT consulting and information management services. Key growth drivers for this market include escalating government investments in modernizing IT infrastructure to address skills gaps among public sector employees.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/