“Global Cloud-Based DevOps Tools Market to reach a market value of USD 17.5 Billion by 2031 growing at a CAGR of 19.3%”
The Global Cloud-Based DevOps Tools Market size is expected to reach $17.5 billion by 2031, rising at a market growth of 19.3% CAGR during the forecast period.
In an industry where customer experience and personalized service are critical, cloud-based DevOps tools empower retailers to implement rapid software updates, maintain high-performance websites, and optimize inventory management. By adopting DevOps practices, retail and e-commerce companies can automate the deployment of new features, personalize user interactions, and respond flexibly to seasonal demands, ultimately enhancing the shopping experience and strengthening customer loyalty. Thus, the retail & e-commerce segment procured 13% revenue share in the cloud-based DevOps tools market in 2023.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In January, 2024, IBM entered into an agreement to acquire HashiCorp, an American software company. With this acquisition, the company would aim to accelerate its growth and cross-selling opportunities through collaborations with Red Hat, watsonx, data security, IT automation, and consulting services. Additionally, In January, 2024, Hewlett Packard Enterprise signed an agreement with Juniper Networks, Inc., a leader in AI-native networks. With this acquisition, the company aimed to enhance its portfolio by shifting towards higher-growth solutions and bolstering its high-margin networking business, thereby accelerating HPE’s strategy for sustainable, profitable growth.
Based on the Analysis presented in the KBV Cardinal matrix; Microsoft Corporation and Google LLC are the forerunners in the Cloud-Based DevOps Tools Market. Companies such as Amazon.com, Inc., Broadcom, Inc., IBM Corporation are some of the key innovators in Cloud-Based DevOps Tools Market. In January, 2023, Microsoft took over Fungible Inc., a provider of composable infrastructure designed to enhance networking and storage performance in datacenters using high-efficiency, low-power data processing units (DPUs). This acquisition underscores Microsoft's commitment to making long-term, differentiated investments in datacenter infrastructure. It aims to enhance a broad range of technologies and offerings by improving latency, increasing server density, optimizing energy efficiency, reducing costs, and offloading tasks.
Cloud-based DevOps tools enable the agility needed for continuous integration and delivery (CI/CD), which is foundational to accelerated software development. DevOps technologies shorten the time and effort needed to go from development to deployment by automating repetitive operations like code integration and testing. Developers can commit code changes more frequently, test them in real-time, and deploy updates with minimal delays.
Additionally, cloud-based DevOps solutions' automation features are essential for preserving operational effectiveness in containerized systems. Managing numerous containers and microservices manually would require significant time and effort, increasing the risk of errors and potential downtime. However, automation through cloud-based DevOps tools simplifies tasks such as load balancing, health checks, updates, and rollbacks, ensuring that applications run smoothly with minimal manual intervention. Therefore, the rise of containerization and microservices has introduced new opportunities for cloud-based DevOps tools.
Industries operating within stringent regulatory frameworks, such as finance, healthcare, and government, encounter unique challenges when considering cloud-based DevOps solutions. Specific standards bind these sectors to ensure data protection, privacy, and security, including regulations like the General Data Protection Regulation (GDPR) in Europe, the Health Insurance Portability and Accountability Act (HIPAA) in the United States, and the Sarbanes-Oxley Act (SOX) for financial institutions. Thus, meeting compliance standards creates significant obstacles to adopting cloud-based DevOps in these industries.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisition and Mergers.
Based on enterprise size, the tools market is bifurcated into large enterprises and small & medium-sized enterprises. The large enterprises segment garnered 63% revenue share in the market in 2023. These organizations typically have substantial IT budgets, which allow them to invest in sophisticated DevOps tools to support their extensive development, deployment, and monitoring needs.
On the basis of product type, the market is classified into public cloud, private cloud, and hybrid cloud. The private cloud segment recorded 22% revenue share in the market in 2023. Private cloud solutions for DevOps are becoming more and more popular among organizations in regulated sectors like government, healthcare, and finance because of the strict requirements for data privacy, sovereignty, and regulatory compliance.
By application, the market is divided into IT & telecom, BFSI, retail & e-commerce, healthcare, government, manufacturing, and others. The IT & telecom segment witnessed 33% revenue share in the market in 2023. As telecom companies expand their services and integrate new technologies like 5G, they rely heavily on DevOps tools to streamline software development, automate network management, and enhance customer experiences.
Free Valuable Insights: Global Cloud-Based DevOps Tools Market size to reach USD 17.5 Billion by 2031
The Market is highly competitive, with a range of solutions offering distinct attributes, such as scalability, automation, and integration capabilities. Key players differentiate themselves through flexibility, security, and cloud deployment models, including public, private, and hybrid clouds. The market is driven by the increasing need for faster development cycles, collaboration, and continuous delivery. Notable trends include the adoption of AI and machine learning for performance optimization and enhanced automation.
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment recorded 31% revenue share in the market in 2023. European organizations recognize the benefits of cloud-based DevOps in accelerating software delivery, enhancing productivity, and reducing costs, all of which are critical in a competitive market.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 4.5 Billion |
| Market size forecast in 2031 | USD 17.5 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 19.3% from 2024 to 2031 |
| Number of Pages | 262 |
| Number of Tables | 383 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Enterprise Size, Product Type, Application, Region |
| Country scope |
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| Companies Included | Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Company, Google LLC (Alphabet Inc.), Broadcom, Inc., Dell Technologies, Inc., Oracle Corporation, Atlassian Corporation PLC and Micro Focus International PLC (Open Text Corporation) |
By Enterprise Size
By Product Type
By Application
By Geography
This Market size is expected to reach $17.5 billion by 2031.
Increased adoption of cloud infrastructure are driving the Market in coming years, however, Concerns about security and data privacy restraints the growth of the Market.
Amazon.com, Inc., IBM Corporation, Microsoft Corporation, Hewlett Packard Enterprise Company, Google LLC (Alphabet Inc.), Broadcom, Inc., Dell Technologies, Inc., Oracle Corporation, Atlassian Corporation PLC and Micro Focus International PLC (Open Text Corporation)
The expected CAGR of this Market is 19.3% from 2024 to 2031.
The Public Cloud segment is leading the Market by Product Type in 2023, thereby, achieving a market value of $10.6 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6.1 billion by 2031.
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