According to research report "Continuous Delivery Market by Deployment Mode (On-premises and Cloud), Organization Size, Vertical (BFSI, Retail and eCommerce, Media and Entertainment, Telecommunication, Healthcare, Manufacturing, Education), and Region - Global Forecast to 2023", published by MarketsandMrkets, global continuous delivery market size expected to grow from USD 1.65 Billion in 2018 to USD 3.85 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period.
Some of the factors that are expected to drive the growth of the continuous delivery market include some of the business values, such as faster time-to-market, the better quality of product, competitive advantage, higher customer satisfaction, and the reduced cost of development, coupled with the adoption of continuous delivery practices.
This deployment mode provides organizations full control over their software that can be handled and managed by their own IT staff.
They are also modernizing their legacy applications to reduce their Capital Expenditure (CAPEX) and Operating Expenditure (OPEX).
The large enterprises have dedicated in-house IT resources with sufficient IT budgets, and can, therefore, consider adopting continuous delivery tools.The media and entertainment vertical is expected to grow at the fastest rate during the forecast period.The advent of digital media content and digital media platforms has pushed the media and entertainment firms to become wholly digitalized companies from running entirely on analog data and devices.
This can also be attributed to the presence of developed economies, such as the US and Canada, and their focus on innovations obtained from R technologies.
According to research report "Continuous Delivery Market by Deployment Mode (On-premises and Cloud), Organization Size, Vertical (BFSI, Retail and eCommerce, Media and Entertainment, Telecommunication, Healthcare, Manufacturing, Education), and Region - Global Forecast to 2023", published by MarketsandMrkets, global continuous delivery market size expected to grow from USD 1.65 Billion in 2018 to USD 3.85 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period.
Some of the factors that are expected to drive the growth of the continuous delivery market include some of the business values, such as faster time-to-market, the better quality of product, competitive advantage, higher customer satisfaction, and the reduced cost of development, coupled with the adoption of continuous delivery practices.
This deployment mode provides organizations full control over their software that can be handled and managed by their own IT staff.
They are also modernizing their legacy applications to reduce their Capital Expenditure (CAPEX) and Operating Expenditure (OPEX).
The large enterprises have dedicated in-house IT resources with sufficient IT budgets, and can, therefore, consider adopting continuous delivery tools.The media and entertainment vertical is expected to grow at the fastest rate during the forecast period.The advent of digital media content and digital media platforms has pushed the media and entertainment firms to become wholly digitalized companies from running entirely on analog data and devices.
This can also be attributed to the presence of developed economies, such as the US and Canada, and their focus on innovations obtained from R technologies.