PUNE, India, August 8, 2018 /PRNewswire/ --
According to a new market research report "Application Release Automation Market by Component (Tool and Services), Deployment Type (On-Premises and Cloud), Organization Size, Vertical (BFSI, ITEs and Telecommunications, Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market size is expected to grow from USD 2.07 billion in 2018 to USD 5.19 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period.
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The growth of the Application Release Automation Market is expected to be driven by many factors, such as the increasing complexities in applications, growing need for continuous and fast application delivery, and rising number of applications running in the dynamic IT environment. With the rising adoption rate of Artificial Intelligence (AI) and Machine Learning (ML) among enterprises, the ARA market is expected to gain a major traction during the forecast period.
Among services, the training, consulting, and integration Segment is expected to hold the largest market share during the forecast period
With the increasing deployment of DevOps, the services segment is expected to grow in the future. The training, consulting, and integration segment is estimated to hold the largest market size in 2018. Training services include comprehensive software training to individuals and enterprises, so that they can operate, administer, and maintain vendors' products. Consulting services help in managing business transformation programs and delivering robust applications for helping clients achieve strategic objectives through technical and business improvements.
Under organization size, the large enterprises segment is expected to hold the larger market size during the forecast period
Large enterprises are defined as business entities with more than 1,000 employees. The adoption rate of ARA tool and services among the large enterprises is high and expected to continue during the forecast period. The large enterprises have dedicated in-house IT resources with high IT budgets, hence they can consider a variety of ARA strategies. Additionally, they have a global presence, high market shares, technical expertise, and effective business strategies.
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In verticals, the ITES and telecommunications vertical is estimated to hold the largest market size in 2018
Telecom companies are always eager to embrace digitalization opportunities. Enterprises in this vertical are modernizing their legacy applications to improve the digital customer experience. Moreover, the growing subscriber base and increasing adoption of various technologies related to media and digital content are creating the need to optimize resources for fulfilling customer demands in a timely manner.
Among regions, the North American region is estimated to hold the largest market size in 2018
North America is estimated to hold the largest market size in 2018, while Asia Pacific (APAC) is expected to be the fastest-growing region. North America is a matured market in terms of technology adoption, due to various factors such as standard regulations, advanced IT infrastructure, the presence of many enterprises, and availability of proficient technical expertise. The US and Canada are expected to contribute to the growth of the Application Release Automation Market in North America.
The major vendors providing ARA solutions and services include BMC Software (US), CA Technologies (US), Fujitsu (Japan), IBM (US), Micro Focus (US), Microsoft (US), NIIT Technologies (India), Red Hat (US), VMware (US), Attunity (US), ARCAD Software (US), Chef Software (US), Clarive (Spain), CloudBees (US), CollabNet (US), Datical (US), Electric Cloud (US), Flexagon LLC (US), Inedo (US), MidVision (UK), Octopus Deploy (Australia), Plutora (US), Puppet (US), Rocket Software (US), and XebiaLabs (US).
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