target audience: TECH SUPPLIER Publication date: Jul 2022 - Document type: Market Forecast - Doc Document number: # US48599322
Worldwide DevOps Software Tools Forecast, 2022-2026
This IDC study provides an updated market forecast for 2022–2026 based on June 2022 conditions described in IDC's Black Book Live Edition: June 2022. It also reflects updates made to IDC's Software Tracker in spring 2022.
According to Katie Norton, senior research analyst, DevOps & DevSecOps, IDC, "The worldwide DevOps software tools market again saw strong double-digit growth in 2021, with worldwide revenue totaling $15.9 billion. Our forecast for 2022–2026 calls for continued market expansion with some deceleration in the latter half of 2022 and 2023 due to worldwide economic conditions. However, despite macroeconomic challenges and continued mergers and acquisitions, demand for modern DevOps solutions enables double-digit growth with an overall CAGR of 15.6%."