Albany, NY, June 14, 2016 (GLOBE NEWSWIRE) -- A new study on the global DevOps platform market has been recently added to the vast repository of MarketResearchReports.biz. The report, titled “Global DevOps Platform Market 2016-2020,” presents a comprehensive evaluation of this market on the basis of various significant factors.
According to the research study, the global DevOps platform market is projected to rise at an exponential CAGR of 19.42% between 2016 and 2020. The increasing demand for standardized platform required for continued delivery of software is likely to boost the DevOps platform market across the world significantly during the forecast period.
The research report has examined the global market for DevOps platforms on the basis of the end user and the regional distribution of this market. The IT, telecom, BFSI, and retail sectors have been identified as the key end users of DevOps platforms in this study. In 2015, the IT sector emerged as the biggest consumer of DevOps platforms, holding a share of approximately 35% of the total demand.
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The IT sector utilizes DevOps tools to develop software faster in order to release several software modules within a short span. The superior software quality and the improved customer service provided by DevOps platforms are fuelling their demand in the IT sector, which is expected to remain the leading consumer of this platform over the forecast period, notes the study.
Regionally, the research report segments the global DevOps platform market into the Americas, Asia Pacific (APAC), and Europe and the Middle East and Africa (EMEA). In 2015, the global DevOps platform market was led by the Americas with a share of around 57%. The high rate of the adoption of DevOps platforms across various industries, specifically BFSI, has driven this market in the America significantly over the last few years.
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On account of the assistance DevOps solutions provide in improving the operational efficacy and enhancing the customer service of financial institutions, this regional market is likely to witness a remarkable surge in the demand for this platform during the forecast period, states the research report.
The report has also studied the competitive landscape prevailing in the worldwide DevOps platform market. As per the study, CA Technologies, Rackspace Inc., Red Hat Inc., Puppet Inc., and IBM Corp. are leading the global market for DevOps platforms. Other major participants operating in this market are Chef, CollabNet, Microsoft, HP, Clarive, VersionOne, Inedo, Cisco, Infosys, CFEngine, VMware, DBmaestro, Docker, SaltStack, and Dell.
The market is likely to witness intense competition among operators in the coming years. Mergers, acquisitions, and alliances are also expected to be more frequent with the maturation of the market, reports the research study.
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