Artificial Intelligence
DevOps Market Worth USD 14,969.6 Million by 2026, at 19.1% CAGR; Increasing Demand for Client Satisfaction to Aid Growth: Fortune Business Insights™
Pune, India, Oct. 14, 2021 (GLOBE NEWSWIRE) — The global Development and Operations (DevOps) Market is likely to gain momentum from the ability of the software solutions to aid in enhancing a company’s speed to provide improved services and applications to the consumers. Besides, they offer automation and it thereby helps employees in doing innovative work rather than spending time on low-value tasks. This information is published in a recent study by Fortune Business Insights™, 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 study, the global DevOps market size is projected to reach USD 14,969.6 million by 2026, exhibiting a CAGR of 19.1% during the forecast period. Whilst, it stood at USD 3,709.1 million in 2018.
This Report Answers the Following Questions:
- What is the development to operations market trends and growth drivers?
- How many significant key players are present in the market?
- Which business strategies are being used by the industry giants to gain success?
- What are the most niche areas present in the market?
- What are the crucial opportunities and challenges in the market?
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Fortune Business Insights™ lists out some of the most prominent companies operating in the DevOps market. They are as follows:
- Cigniti Technologies
- Amazon Web Services, Inc.
- CA Technologies
- Microsoft Corporation
- Atlassian Corporation Plc.
- Red Hat, Inc.
- GitLab
- Oracle Corporation
- Google LLC
- RapidValue
- IBM Corporation
- Puppet
- Other key market players
High Demand for Operational Flexibility to Propel Growth
DevOps tools are aiding in strengthening the development process in an organization and are decreasing the chances of making errors. Hence, they are gaining more and more popularity, especially in the IT sector. These tools also support stability and security of the software deployment process. According to one of our lead analysts, “Containerization and platform-as-a-service are some of the current market trends that are accelerating the DevOps market growth. These services are simplifying the implementation and adoption of DevOps in various industries.” Apart from these, there is an increasing demand for the penetration of Internet of Things (IoT), client satisfaction, and high operational flexibility in the industry. These factors would also boost growth.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.fortunebusinessinsights.com/devops-market-102040
Increasing Number of SMEs to Favor Growth in Asia Pacific
In terms of geography, the market is fragmented into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. Out of these, North America acquired USD 1,829.4 million DevOps software market revenue in 2018. This growth is attributable to the rising adoption of DevOps solutions in the BFSI, retail, and IT & telecommunication industries. Europe would also showcase a healthy growth because of the increasing deployment of these software solutions in several banks. It has resulted in around 25% efficiency enhancement in internet banking by cutting off the workload of the IT operation teams.
Asia Pacific, on the other hand, is set to exhibit the highest CAGR in the coming years owing to the upsurging demand for automated software in countries, namely, China, Japan, and Singapore. Additionally, the number of small and medium enterprises (SMEs) is increasing day by day in these countries. It is, in turn, causing a high demand for DevOps tools to agile and streamline the business operations.
Report Scope and Segmentation:
| Report Coverage | Details |
| Forecast Period | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR | 19.9 % |
| 2026 Value Projection | USD 14,969.6 Million |
| Base Year | 2018 |
| Market Size in 2018 | USD 3,709.1 Million |
| Historical Data for | 2015 to 2017 |
| No. of Pages | 160 |
| Segments covered | By Offering, By Deployment, By Organization Size, By Industry, By Geography |
| Growth Drivers | Growing Popularity of DevOps Tools to Augment Market Demand |
| Ongoing Shift to Hybrid Cloud and Improvement in Operational Efficiency to Favor Growth | |
| DevOps in hybrid cloud allows quick and flexible provisioning of services which balances the total cost of ownership of managing the development and in-house runtime infrastructure. | |
| Pitfalls & Challenges | Limitation in Protecting Privacy to Restrict Market Growth |
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CollabNet Teams Up with XebiaLabs while IBM Corporation Joins Hand with DBmaestro to Launch New Platforms
Key companies present in the market are following the strategy of partnerships to create new DevOps platforms in order to increase their product portfolio and gain more popularity. They are also striving persistently to gain the maximum DevOps market share during the forthcoming years. Below are two of the key industry developments:
- January 2020: CollabNet VersionOne, a software firm headquartered in Georgia, teamed up with XebiaLabs, an independent software company based in Burlington, to create new DevOps platform for the companies. As per the company officials, this collaboration would help the companies in offering their consumer bases with end-to-end management capabilities and visibility required to develop software solutions securely, reliably, and quickly. It would further aid the companies in speeding up their digital transformation.
- July 2019: IBM Corporation, a multinational information technology company based in New York, announced its partnership with DBmaestro, a computer software service company headquartered in Massachusetts. This partnership would help the companies in providing database release automation capabilities specially designed to smoothen DevOps environments for companies.
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Table of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Global DevOps Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Offering (Value)
- Software
- Services
- By Deployment (Value)
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Organization Size (Value)
- Large Enterprises
- Small and Medium Enterprises
- By Industry (Value)
- BFSI
- Retail
- Government
- Manufacturing
- IT & Telecommunication
- Healthcare
- Others
- By Geography (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Offering (Value)
Speak to Our Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/devops-market-102040
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About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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Artificial Intelligence
oToBrite Develops a Compact All-Weather Vision-AI Driver Monitoring System for the Commercial Vehicle Market
HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.
oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.
The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.
Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.
According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949-certified clean room factory and many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.
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View original content:https://www.prnewswire.co.uk/news-releases/otobrite-develops-a-compact-all-weather-vision-ai-driver-monitoring-system-for-the-commercial-vehicle-market-302140971.html
IP solution maximizes operational efficiency for leading automation company
LONDON, May 9, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that OMRON has selected IPfolio™, an intellectual property management software from Clarivate to transform their IP operations. This solution will enable OMRON, a leading automation company to make smarter decisions and plan strategically using IP data and analytical insights.
With IPfolio’s help, OMRON will be able to better manage its IP assets and keep up with the rising number of filings and data volumes, while eliminating manual processes. The IP team at OMRON can enhance their analysis and collaboration with stakeholders by using insightful data visualizations. This can lead to increased productivity, deeper insights, and faster decision-making with confidence.
Gordon Samson, President, Intellectual Property, Clarivate, said, “Our IP Management Software integrates data and services to empower our clients to remove friction, enhance collaboration and make better informed decisions. We are confident that IPfolio will help OMRON simplify the process of managing IP assets across the entire lifecycle.”
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Jack Wan, External Communications [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/omron-selects-ipfolio-from-clarivate-302139322.html
Most people don’t know that, due to recent groundbreaking scientific advances, existing technology can read thoughts, implant dreams, scan memory, tell if a subject is in love, and hack brains for PIN codes.
LONDON, May 9, 2024 /PRNewswire/ — Announcing the establishment of the Institute of Neurotechnology and Law (INL) – the first organisation of its kind in the world, crafted in response to the swift advancements in neurotechnology and the emerging concerns over human rights and privacy.
The world is about to change. Yet whilst AI steals the headlines, recent extraordinary advancements in neurotechnology have gone largely under the radar.
That is why we have set up the Institute of Neurotechnology and Law.
“We are at a critical juncture in the evolution of neurotechnology. The possibilities for improving human life are immense, yet so are the risks to privacy and autonomy,” stated Founder Harry Lambert. “The Institute of Neurotechnology and Law is dedicated to ensuring these technologies enable human flourishing without compromising our moral and ethical principles.”
The institute has already garnered significant attention, attracting some of the world’s foremost experts in neurotechnology, neuroscience, ethics, and law. These distinguished panellists will collaborate to address the pressing issues at the intersection of technology and human rights, aiming to influence policy both domestically and internationally.
For more information about the Institute of Neurotechnology and Law, upcoming events, and membership details, please visit www.neurotechlaw.com.
Media Contact: [email protected]. 07982678044
View original content:https://www.prnewswire.co.uk/news-releases/first-of-its-kind-institute-of-neurotechnology–law-launches-in-the-uk-302140545.html
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