The global DevOps tools market has remained strong, growing at a steady growth rate in recent years. With rapid development of IT infrastructure and software applications across various of industries around the world, the demand for advanced DevOps tools and platforms is expected to be higher than ever, driving the growth of the global DevOps tools market through 2022.
What are the DevOps Tools?
DevOps is an approach for software development that enables better collaboration between the software development and the business operation teams. Essentially, it is one of the best solutions that aims to build the connection between software developers and business operational personnel during the process of software development, so that the outcome can facilitate a more productive and efficient workflow. Eventually, it enables continuous delivery of business development to benefit the company in a large scale.
DevOps tools refers to the tools, platforms, or applications that facilitate and support the DevOps process. Some of the major types of DevOps tools include API tools, collaboration and organizational tools, configuration management tools, build automation tools, application, and infrastructure monitoring tools. Currently, industries such as telecom, banking, and financial services are some of the largest end-users for DevOps tools.
Global DevOps Market Overview
According to the recent market report from Technavio, the global DevOps platforms market size is projected to grow by USD 4.3 billion from 2017-2022, with market growth accelerating at a CAGR of over 20% during the forecast period. The global DevOps platform market is rapidly gaining traction and becoming a collaborative tool of choice for end users. Implementing DevOps helps software development companies to offer high-quality applications while reducing the time between releases and related costs.
One of the major driving factors for the market growth is the growing demand of fast delivery services by IT departments. The demand for the rapid software upgrade is becoming extremely important for global businesses. Meanwhile, owing to high hacking risks, security upgrades in the main software architecture have become essential. More and more businesses around the world are requiring faster delivery services in terms of software updates and upgrades. The advent of DevOps tools aids in increasing the efficiency of IT and software development, therefore the demand for DevOps tools is expected to grow in the near future.
Future Trends for DevOps Tools
DevOps tools are already being adopted across several industries especially in the banking and financial service sector. DevOps solutions have helped financial institutions to improve operational efficiency and also offer better customer service. Over the next few years, the ability of such tools to bolster development process efficiency across different verticals and enhance business operations will lead to the higher adoption of DevOps tools in different industries.
The market trends towards platform-as-a-service (PaaS) and digital transformation have already been witnessed in recent years within the global DevOps market. With the advent of cloud computing, many software developing companies have started to shift towards the platform as a service to better support their software test and development processes.
DevOps tools and platform providers are nowadays increasingly focusing on offering automation and other tools in the cloud, which can be then be used to consolidate and integrate applications into user-platforms. This helps IT organizations to get the necessary automation in the cloud, making PaaS imperative to those who want to automate, test, and develop services.
PaaS helps users to rectify issues in application configuration management, template management, and zero-downtime while deploying new releases. Increased use of PaaS along with other developments is expected to have a positive impact on the growth of the global DevOps market over the next few years.
Check Technavio’s Global DevOps Platform Market Report 2018-2022
Check Technavio’s Global DevOps Platform Market Report for more information about this topic. This market research report provides the latest market size and market development for major market segments in terms of product types and regional market landscape. The report contains detailed market trends, market drivers, market challenges and key opportunities. In-depth market analysis such as Porter’s five force model, and comprehensive competitive landscape including detailed profiles of top companies are also included in the report.
