DevOps Market Expected to Reach $57.90 Billion by 2030 | Amazon Web Services, Broadcom, Dell Technologies
The manufacturing segment is expected to witness significant growth in the coming years, owing to the rise in Industrial Internet of Things (IIoT) trends.
PORTLAND, PORTLAND, OR, USA, March 9, 2022 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled “DevOps Market by Component, Cloud Type, Enterprise Size, and Industry Vertical: Global Analysis of Industry Opportunities and Forecasts, 2021-2030”, the global DevOps Market was valued at USD 6.78 Billion in 2020 and is projected to reach USD 57.90 Billion by 2030, registering a CAGR of 24.2% from 2021 to 2030.
Rising need for continuous and rapid delivery of applications and focus on reducing CAPEX and OPEX has driven the growth of the global DevOps market. The global DevOps market in North America held the largest share in 2020, accounting for almost half of the market. Covid-19 pandemic has had a positive impact on the DevOps market growth owing to the surge in demand for online software and web applications among enterprises.
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The report segments the global DevOps market on the basis of component, cloud type, company size, industry vertical, and region.
By component, the solutions segment held the largest share in 2020, accounting for more than two-thirds of the global DevOps market. However, the services segment is expected to register the highest CAGR of 25.9% from 2021 to 2030.
By cloud type, the public segment led the market in 2020, contributing more than two-thirds of the global DevOps industry. However, the hybrid segment is expected to register the highest CAGR of 26.0% during the forecast period.
By region, the global DevOps market in North America held the largest share in 2020, accounting for almost half of the market. However, the Asia-Pacific market is expected to register the highest CAGR of 26.3% during the forecast period.
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The report includes an analysis of major market players such as Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology. .
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Allied Market Research (AMR) is a market research and business consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services and market insights across 11 verticals. Adopting in-depth research methodologies, AMR helps its clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.
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