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(Wireless-NewsWire.Com, July 16, 2018 ) According to a new market research report “Continuous Integration Tools Market by Deployment Mode (On-premises and Cloud), Organization Size, Vertical (BFSI, Telecommunications, Media & Entertainment, Retail & eCommerce, Healthcare, Manufacturing, Education), and Region - Global Forecast to 2023", The Continuous Integration (CI) tools market size is expected to grow from USD 483.7 million in 2018 to USD 1,139.3 million by 2023, at a Compound Annual Growth Rate (CAGR) of 18.7% during the forecast period.
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Software becoming a critical component for various business functions and automation of software development process to quickly release software application are some of the major driving factors for the CI tools market. Furthermore, a growing demand for cloud-deployed CI tools across industry verticals is expected to provide growth opportunities for the market.
By deployment type, the on-premises type is expected to be a larger contributor to the continuous integration tools market growth during the forecast period
The on-premises deployment mode is a preferred deployment option in the continuous integration tools markets. The on-premises deployment option offers organizations complete control over the management and maintenance of the CI tools. Also, the organizations that deal with sensitive information, prefer on-premises deployment of CI tools to protect data and safeguard information from cyber breaches and attacks.
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Small and Medium Sized Enterprises (SMEs) segment is expected grow at a fastest rate during the forecast period
SMEs are also focusing on adoption of CI tools to leverage various benefits and achieve a competitive advantage. SMEs have realized that immediate responses, quick business decisions, and customer satisfaction are the most important features aspects to expand their business, generate more revenues, and ensure desired outcomes. These factors are expected to fuel the adoption of CI tools across SMEs during the forecast period.
Media and entertainment vertical is expected grow at the highest rate during the forecast period
In vertical segment, the media and entertainment is expected to witness high adoption of CI tools in the software development process, as the demand for automation and testing to unify the entire development process into an end-to-end process is growing. Moreover, accessible technologies have created barriers to entering all areas of the media and entertainment vertical and led to an explosion of content as well as competition. Additionally, with the major focus on transformation of IT operations, the adoption of CI tools to achieve faster application delivery and meet customer expectations is expected to boost the demand for CI tools across the verticals.
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