Cloud-Based DevOps Tools Market By Product Type (Public Cloud, Private Cloud, Hybrid Cloud) , By End User (Large Enterprises, Small and Medium-sized Enterprises (SMEs)) By Application (BFSI, Retail and E-commerce, Healthcare, Government, Manufacturing, IT and Telecom, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Cloud-Based DevOps Tools Market
The cloud-based DevOps tools market was valued at $4.7 billion in 2023 and is projected to reach $28.5 billion by 2033, growing at a CAGR of 19.8% from 2024 to 2033.
A cloud-based DevOps tool is an application that assists in several stages of software development over the cloud. The tool facilitates continuous integration, continuous delivery, infrastructure management, automated testing, and collaboration among teams. The major benefits of cloud-based DevOps tools include their quick response to market demands, cost efficiency, flexibility, and improved quality of software due to automation.
Advancements in IT operations have upsurged the need for agile software development solutions, which is a key driver of the cloud-based DevOps tools market. In addition, the flexibility of scaling cloud infrastructure as per project requirements without significant investments propels the development of the market. Furthermore, the compatibility of cloud-based DevOps tools with ingenious technologies such as AI and the Internet of Things augments the market growth significantly. An emerging trend projected to dominate the market in the future is the advent of serverless architecture, which enables the development of applications without the management of servers. This architecture is expected to reduce operational overhead and enhance scalability.
However, challenges associated with switching cloud platforms due to vendor lock-in hamper the development of the cloud-based DevOps tools market. Moreover, concerns pertaining to security breaches and data privacy over the cloud limit the adoption of the tool and restrain the market growth significantly. On the contrary, expansion of the digital infrastructure across various sectors has driven the requirement for reliable solutions to minimize the failure of online services. This requirement is projected to present lucrative opportunities for the cloud-based DevOps tools market. According to Google Cloud’s DevOps Research and Assessment report, DevOps platforms have reduced the failure rate of services to less than 15% as it enables restoration of services within a day after incidence. Therefore, the instant performance of cloud-based DevOps tools is poised to open new avenues for the market expansion.
Segment ReviewThe cloud-based DevOps tools market is segmented into product type, end user, application, and region. On the basis of product type, the market is divided into public cloud, private cloud, and hybrid cloud. Depending on end user, it is bifurcated into large enterprises and small- & medium-sized enterprises (SMEs). As per application, it is classified into BFSI, retail and e-commerce, healthcare, government, manufacturing, IT & telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the public cloud segment acquired a high stake in the market in 2023.
Depending on end user, the large enterprises segment held a high share of the market in 2023.
As per application, the IT & telecom segment dominated the market in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe major players of the global cloud-based DevOps tools market include Amazon Web Services, Inc., AsiaInfo Technologies Limited, BMC Software, Inc., Broadcom, Inc., Cisco Systems, Inc., Datadog, Dynatrace LLC, IBM Corporation, Microsoft Corporation, Oracle Corporation, Alibaba Group, NetScout, New Relic, Splunk Inc., and Zenoss Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypePublic Cloud
Private Cloud
Hybrid Cloud
By End UserLarge Enterprises
Small and Medium-sized Enterprises (SMEs)
By ApplicationBFSI
Retail and E-commerce
Healthcare
Government
Manufacturing
IT and Telecom
Others
By RegionNorth America
U.S.
Canada
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersAmazon Web Services, Inc.
AsiaInfo Technologies Limited
BMC Software, Inc.
Broadcom, Inc.
Cisco Systems, Inc.
Datadog
Dynatrace LLC
IBM Corporation
Microsoft Corporation
Oracle Corporation
Alibaba Group
NetScout
New Relic
Splunk Inc.
Zenoss Inc.