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The global development and operations (DevOps) market size is projected to reach USD 14,969.6 million by 2026. It would gain traction from the capability of these tools in facilitating the development process smoothly. At the same time, they help in improving operation and security procedure maintenance, reduce code errors, and increase quality. Fortune Business Insights™ published this information in a recent report, titled, “DevOps Market Size, Share & Industry Analysis, By Offering (Software, Services), By Deployment (Public Cloud, Private Cloud, and Hybrid), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Industry (BFSI, Retail, Government, Manufacturing, IT & Telecommunication, Healthcare, and Others), and Regional Forecast, 2019-2026.” As per the report, the market stood at USD 3,709.1 million in 2018 and is set to exhibit a CAGR of 19.1% during the forecast period between 2019 to 2026.
Cisco Systems, Inc. Acquires AppDynamics, Inc. to Broaden its Software Offerings
In January 2017, Cisco Systems, Inc., a developer, manufacturer, and seller of networking hardware, software, and telecommunications equipment based in San Jose, announced its plan to purchase AppDynamics, Inc., an application performance management and IT operations analytics company worth USD 3.7 billion. This acquisition would help in bolstering the latter’s software offerings to large enterprise consumers.
According to the company officials, the blend of AppDynamics and Cisco will enable them in offering end-to-end intelligence and visibility from the network to the application. It would be combined with scale and security and would help the IT sector in achieving a new level of business results. Moreover, AppDynamics was previously competing with the industry giants such as New Relic and others and this acquisition would put Cisco into a deeper competition with the other software providers.
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Increasing Adoption of Hybrid Cloud in IT Sector to Accelerate Growth
Nowadays, software providers are offering hybrid cloud equipped with DevOps to allow flexible and effortless provisioning of services that maintains the balance of the total price of ownership of managing the in-house runtime and development infrastructure. Hybrid cloud is helping in bridging businesses and the IT sector by revamping agility and efficiency. At the same time, it is offering IT offerings at a low-cost. In addition to that, the high switching cost between public and private cloud models is augmenting the adoption of hybrid cloud.
As per one of our lead analysts, “Automated devices are very reliable unlike the conventional manual procedures. Therefore, organizations are rapidly inclining towards the deployment of automated software solutions as they reduce the cost of operational failure.” These factors are anticipated to boost the DevOps market growth during the forthcoming years.
Key Players Focus on Strategic Collaborations to Strengthen Position
Renowned companies operating in the market are engaging in strategic partnerships to launch new products and gain a competitive edge. It would also help them in strengthening their position in the market and widen geographic presence. Below is one of the latest key industry developments:
Fortune Business Insights™ profiles a few of the most renowned organizations present in the DevOps software market. They are as follows:
Further Report Findings-
The development to operations market can be segmented on the basis of:
Value (USD million)
By Organization Size