Devops Market Size, Share, Growth Analysis, By Type(Solutions [Manage (Continuous business planning), Deliver (Continuous Collaborative Development, Continuous Integration and Testing), Operate (Continuous Development), By Organization Size(Large Enterprises, Small and Medium-Sized Enterprises (SMEs)), By Vertical(Banking, Financial Services, and Insurance, Manufacturing), By Region - Industry Forecast 2024-2031

Global DevOps Market size was valued at USD 10.1 billion in 2022 and is poised to grow from USD 12.10 billion in 2023 to USD 51.34 billion by 2031, growing at a CAGR of 19.8% during the forecast period (2024-2031).

Increased emphasis on cutting CAPEX and OPEX, together with the growing requirement for continuous and quick application delivery, are driving the DevOps market's expansion. Furthermore, the market's expansion is fuelled by the rise in applications operating in the dynamic IT environment. However, a strong reliance on legacy procedures is anticipated to hinder industry expansion. Furthermore, it is anticipated that the global DevOps market would grow at a profitable pace due to the high rate of acceptance among SMEs and the improvements in AI and its application development. The rapid adoption of automated business processes across a range of industry verticals is one reason that is predicted to contribute to the huge growth of the DevOps market. 

Continuous and fast application delivery is becoming more and more necessary in a number of industries, including government, healthcare, manufacturing, banking, and insurance. The increasing desire for improved productivity, efficient workflows, high-quality software delivery, and cost-effective operations will drive further growth in the global DevOps industry. However, the market cannot grow due to a greater reliance on outdated practices. DevOps, which is used to indicate a coordinated connection between IT jobs and developments, is merely a combination of software development life cycle development and operation. It usually makes collaboration, integration, automation, and communication easier between the developer and the operational staff of the company.