Development to Operations Market Size, Share & Growth [2031]

Report Description

Development to Operations Market Outlook 2031:

The global development to operations market size was valued at USD 10.38 Billion in 2022 and is expected to reach USD 193.38 Billion by 2031  estimated to expand at a CAGR of 38.4% during the forecast period, 2023 - 2031. The growth of the market is attributed to the increasing implementation of cloud technologies by enterprises for micro services, containerization, and other services.

Development to operations (DevOps) is referred to as a set of practices and tools to drive communication, collaboration, integration, and automation of IT and software development operations in an organization.

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It helps enterprises to achieve higher productivity, efficiency, improve collaboration between IT teams, and streamline workflow. A DevOps team includes IT operations and developers working collaboratively throughout the product lifecycle to increase the quality and speed of software deployment. DevOps tools connect quality assurance, development, and operation teams to support automated processes of operating, releasing, and building software solutions and applications.

DevOps tools can be integrated in various combinations to automate software development lifecycle and cater to specific business needs.

The COVID-19 pandemic outbreak had a positive impact on the market. During the pandemic, government bodies imposed lockdown in many regions, which resulted in adoption of work from home policy by organizations, which increased the demand of DevOps for supporting remote working. Additionally, the adoption of cloud-based systems and platforms by the IT sector is supporting the market growth.  

Development to Operations Market Trends, Drivers, Restraints, and Opportunities 

• Rising demand for DevOps tools for increasing operational efficiency is one of the key factor driving the market growth.
• Increasing investment in IT services, such as hybrid cloud and Internet of Things (IoT) is projected to boost the market during the forecast period.
• Lack of standardization in DevOps tools and solutions acts as a major challenge that can restrict the market growth in the coming years.
• Escalating complexity in DevOps implementation is another major restraining factor, which can hamper the market growth during the projected timeline.
• Integrating Artificial Intelligence and machine learning with DevOps tools is expected to create significant growth opportunities for the market.

Scope of Development to Operations Market Report

The report on the global development to operations market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Development to Operations Market Segment Insights

Continuous improvements increases the large enterprise segment

Based on enterprise sizes, the market is bifurcated into large enterprise and small & medium enterprises. The large enterprise segment is estimated to account for a significant market share during the forecast period attributed to the large IT organizations are increasingly adopting the DevOps tools as a mainstream strategy for the software development lifecycle.

Moreover, large enterprises are implementing DevOps tools for continuous improvement and delivery, is major driver of the segment. On the other hand, the small & medium enterprises segment is anticipated to grow at a high CAGR during the projected period owing to rising number of small & medium enterprises and cloud adoption for service delivery.

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IT segment to expand at robust growth rate

On the basis of applications, the global development to operations market is divided into retail, IT, telecom, BFSI, and others. The IT segment is estimated to expand at robust growth rate during the forecast period due to DevOps tools offers certain benefits to IT sector, such as application downtime, software quality, and release timelines.

However, the BFSI segment is projected to expand at a considerable CAGR during the forecast period attributed to the boost in the use of smartphones for banking and commercial transactions. Additionally, escalating need to address the changing regulatory mandates, which is driving the segment growth further.

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Technological proliferation drive the cloud segment

Based on deployments, the market is bifurcated into cloud and on-premise. The cloud segment is expected to grow at a rapid pace during the forecast period due to the increased use of mobile technologies and technological advancements in cloud computing have led enterprises to invest in new product developments to meet evolving business needs.

On the other hand, the on-premise segment is anticipated to expand at a substantial CAGR in the coming years owing to the choice of organizations to keep their data within their network.

North America to constitute a key market share

In terms of region, the global development to operations market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the high adoption rate of digital services, technological proliferation, increased penetration of smartphones, and enhanced network connectivity in the region.

However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rising demand for digital services, investment in cloud services and IoT technologies, and increased spending on connected devices in the region.

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