Red Hat announced new capabilities for Red Hat OpenShift AI.
According to a new market research report "DevOps Market by Type (Solutions and Services), Deployment Model (Public, Private, and Hybrid), Organization Size, Industry Vertical (BFSI, Healthcare, Telecommunications and ITES, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets, the market size is expected to grow from USD 3.42 Billion in 2018 to USD 10.31 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period.
The growth of the DevOps Market is driven by several factors, such as increasing complexities in applications, growing need for continuous and fast application delivery, and applications running in the dynamic Information Technology (IT) environment. The DevOps Market is expected to gain major traction during the forecast period, due to the increase in the adoption rate of Artificial Intelligence (AI) and machine learning among enterprises.
The solutions segment is segregated into 3 components of DevOps pipeline. The different continuous solutions represent an agile way of working to build and deliver software applications. DevOps is in the initial phase of growth and organizations across the globe are rapidly adopting solutions for the application development. In terms of investment, solutions are the most expensive part of the DevOps lifecycle as most of the software tools for building and maintaining the application comes under this segment. Hence, the solutions segment is estimated to account for the larger market size in 2018 and is expected to grow with the same trend.
The public cloud segment may be offered free of cost or on a pay-per-use model, depending on the requirements from end-users. The public cloud segment is used for web servers and system architectures, where security and compliance are not the major issues. Ease of access and faster deployment of the public cloud are some of the major factors contributing to the high adoption of the public cloud. The public cloud segment offers various enterprise benefits, such as scalability, reliability, flexibility, and remote location access.
Large enterprises are defined as business entities with more than 1,000 employees. The adoption rate of DevOps solutions and services by large enterprises is high and is expected to continue during the forecast period. Large enterprises have dedicated in-house IT resources with large IT budgets; hence they can consider a variety of DevOps strategies. Moreover, they have a global presence, high market shares, technical expertise, and effective business strategies.
North America is estimated to account for the largest market size in 2018, while APAC is projected to be the fastest-growing region. North America is a matured market in terms of technology adoption, due to various factors, such as advanced IT infrastructure, presence of various enterprises, and availability of proficient technical expertise. The US and Canada would contribute to the growth of the DevOps Market in North America.
Pipedrive announced the launch of Developer Hub, a centralized online app development platform for technology partners and developers.
Delinea announced the latest version of Cloud Suite, part of its Server PAM solution, which provides privileged access to and authorization for servers.
Red Hat announced Red Hat Service Interconnect, simplifying application connectivity and security across platforms, clusters and clouds.
Teleport announced Teleport 13, the latest version of its Teleport Access Platform to enhance security and reduce operational overhead for DevOps teams responsible for securing cloud infrastructure.
Kasten by Veeam announced the release of its new Kasten K10 V6.0 Kubernetes data protection platform.
Red Hat announced Red Hat Developer Hub, an enterprise-grade, unified and open portal designed to streamline the development process through a supported and opinionated framework.
Pegasystems announced Pega GenAI™ – a set of 20 new generative AI-powered boosters to be integrated across Pega Infinity™ ‘23, the latest version of Pega’s product suite built on its low-code platform for AI-powered decisioning and workflow automation.
Appdome announced Build-to-Test which enables mobile developers to streamline the testing of cybersecurity features in mobile apps.
Garden released major product advancements to make it easier to write and automate portable pipelines for Kubernetes.
Check Point Software Technologies announced the general availability of its industry-leading Next-Generation Cloud Firewall natively integrated with Microsoft Azure Virtual WAN to provide customers with top-notch security.
The International Business and Quality Management Institute LLC (IBQMI®) introduced the IBQMI CERTIFIED DEVOPS MANAGER® certification program.
GitLab announced the launch of GitLab 16, its latest major release.
Mendix, a Siemens business, will unveil Mendix 10, the next major release of the low-code development platform, on June 27, 2023.
Opsera announced Patty Hatter as President and Chief Operating Officer (COO).