Market Scope
ARA Market 2020 is on track to procure a valuation of USD 525.39 Million by 2023, affirms Market Research Future (MRFR). The global market is also set to attain a strong CAGR of 19.73% over the evaluation period, which is between 2019 and 2023. We will provide COVID-19 impact analysis with the report, along with the market developments post the coronavirus disease outbreak.
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Growth Enhancers and Key Deterrents
Organizations are constantly on the lookout for applications that are of top quality, as it helps boost customer experience. ARA/application release automation has been a significant trend in the software engineering field, which helps automate the release processes of streamlining all IT deliveries. ARA facilitates applications’ smooth delivery in enterprises resulting in quicker time for marketing. ARA also caters to software development teams as it helps bring down the architectural and operational complexities without compromising the application’s quality. Considering these benefits, the demand for application release automation has surged exponentially among enterprises worldwide.
Rather than employing the complication way of designing and managing application hardware, organization now prefer the OPEX model. Most of the companies find compliance and audit tedious, since it takes up a lot of time, which can be spent on doing core tasks. But with ARA, companies are able to conduct their business with reduced operating costs and also benefit from the advanced tool. Speaking of benefits, the ARA technology does not cost much as compared to managing, planning, building and designing enterprise applications. This can be another appealing factor about ARA that boosts its demand and aids market growth as well.
The fast expanding amount of data in applications has shed light on the importance of AI as it helps quicker application delivery. AI along ML/Machine Learning is being used by enterprises to efficiently use their resources and also gather relevant insight from the data that may comprise valuable solutions for challenges faced during IT operations. Leading firms are increasingly focusing on new innovations, product launch, and business expansion that only elevate their position but also induces substantial market growth.
A case in point, in July 2020, Appfire, a renowned apps vendor for software development teams, enriched its portfolio by acquiring Beecom Products AG, a well-known developer of JSU Automation Suite for the Jira Workflows.
Segmental Review
Application Release Automation (ARA) Market can be considered in terms of type, component and vertical.
The types covered in the research are cloud as well as on-premise.
Components outlined in the market study are support and maintenance, and tools, training, consulting, and integration services, managed services and more. Between these, the lead has been achieved by the training, consulting, and integration segment in the ARA market. These services are gaining strength as they help enterprises efficiently manage any kind of transformation and reach the company’s strategic goal.
The key verticals described in the MRFR report are media & entertainment, manufacturing, healthcare, BFSI, retail, IT & Telecom, and more.
- On-premise
- On-cloud
- Large enterprises
- Small and Medium Enterprises (SMEs)
- Training services
- Consulting services
- Support & Maintenance
- Managed services
- Integration services
- Tools
- IT & Telecommunication
- BFSI
- Healthcare
- Retail & e-Commerce
- Media & Entertainment
- Manufacturing
- Others
Regional Insight
The geographical dissection of the ARA Market has been done with respect to Europe/EU, North America, APAC/Asia Pacific, and RoW/the rest of the world.
From 2018 and 2023, North America could lead the ARA Market backed by the fact that the region has an extensive and well-developed IT infrastructure as well as a significant number of renowned firms. The widespread availability of technically brilliant workforce and the escalating demand for fast and low priced and secure DevOps processes while operating in virtual, cloud or physical environments could also lead the market to higher levels in the years ahead.
The APAC market is slated to procure the highest growth rate over the given period, since most of the enterprises in the region are offering internal training programs to their employees to better their competency. Therefore, the increasing training and learning about the ARA technology and its benefits is expected to work in favor of the regional market. In addition, the rising prominence of IT automation and similar technologies, like serverless architecture and big data, ARA tool and solutions could note higher demand among enterprises during the appraisal period.
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Eminent Vendors
Eminent vendors in the ARA market include HP Company (US), MidVision Limited (UK), BMC Software (US), XebiaLabs, Inc. (US), Red Hat Inc. (US), Micro Focus International PLC (UK), Microsoft Corporation (US), IBM Corporation (US), VMware, Inc. (US), CA Technologies (US), to mention a few.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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