The
global Chaos Engineering Tools Market size is
expected to grow from USD 1.9 billion in 2023 to USD 2.9 billion by 2028 at a
Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period,
according to a new report by MarketsandMarkets™. Modern
IT systems have become highly complex, often involving microservices,
containers, and cloud-based infrastructure. Chaos engineering tools are
essential for testing and improving the resilience of these systems, which is
expected to create demand during the forecasted period.
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List of Top Companies in Chaos Engineering Tools Market:
·
Microsoft (US)
·
AWS (US)
·
OpenText (US)
·
Virtusa (US)
·
Tricentis (US)
·
Harness (US)
·
Nagarro (Germany)
·
PagerDuty (US)
·
Cavission Systems (US)
·
Gremlin (US)
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By component, the services segment is
expected to grow at the highest CAGR during the forecast period.
Chaos engineering is a relatively new discipline,
and many organizations are still in the early stages of adopting it. As a
result, there is a strong demand for professional services in the chaos
engineering tools market. As organizations adopt chaos engineering practices,
they often encounter hurdles related to strategy development, tool selection,
implementation, and result interpretation. Professional services in this
context offer invaluable guidance and expertise to help businesses tailor chaos
engineering to their specific needs and goals. These services can assist in
designing controlled experiments, identifying potential points of failure, and
providing a structured framework for assessing and improving system resilience.
By deployment mode, the public cloud
segment holds a larger market size during the forecast period.
The adoption of chaos engineering tools on public
cloud platforms has seen remarkable growth, driven by cloud providers'
scalability, flexibility, and cost-efficiency. For instance, Netflix, a pioneer
in chaos engineering, utilizes Amazon Web Services (AWS) for its experiments,
taking advantage of AWS's extensive global infrastructure to test system
resilience. By leveraging the scalability and ease of deployment that public
clouds offer, organizations can proactively identify vulnerabilities, improve
incident response strategies, and ensure their services remain robust despite
unexpected disruptions. This adoption trend aligns with the growing
significance of public cloud environments in the chaos engineering environment,
facilitating the continued evolution of these crucial practices.
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By Region, Asia Pacific is expected to
grow at the highest CAGR during the forecast period.
Asia Pacific is home to some of the world's leading
ICT companies, such as Alibaba, Tencent, and Baidu. These companies are
investing heavily in chaos engineering tools to improve the reliability and
resilience of their systems. The Asia Pacific governments are increasingly
recognizing the importance of digital transformation. For instance, Singapore’s
“Smart Nation” and South Korea's “Digital New Deal” emphasize digital
transformation, providing fertile ground for chaos engineering adoption.
Technological trends, such as microservices, AI, ML, and DevOps, are also
driving the adoption of chaos engineering tools in the Asia Pacific region.
Chaos engineering tools can be used to test microservices-based applications
and ensure they are reliable and resilient. AI and ML can be used to develop
more sophisticated chaos engineering tools.
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