The chaos engineering tools market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historical period can be attributed to several key factors. These include the widespread adoption of cloud computing and containerization technologies, which have enabled organizations to enhance flexibility, scalability, and efficiency in their IT infrastructures. Additionally, there has been a growing emphasis on service reliability, driven by the need to meet customer expectations for uninterrupted access to digital services.
The chaos engineering tools market size is expected to see strong growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to several key factors. These include the widespread adoption of DevOps and Agile practices, which promote collaboration, automation, and continuous improvement across software development and operations teams. Additionally, there is a rising awareness of the importance of risk management in ensuring the resilience and reliability of modern systems, particularly in the face of increasing complexity and interdependencies.
The chaos engineering tools market is set for growth, driven by the accelerated digital transformation sweeping across industries. Digital transformation, characterized by the integration of digital technology into business operations, is propelled by rapid technological advancements, shifting consumer behaviors, and the availability of extensive data coupled with advanced analytics tools. This acceleration underscores the imperative for resilient and dependable digital systems, positioning chaos engineering tools as indispensable components of organizations' digital resilience strategies. For instance, data from a January 2024 survey conducted by International Business Machines Corporation (IBM) indicates a significant adoption and exploration of artificial intelligence (AI) among IT professionals at large organizations, emphasizing the technological advancements driving the digital transformation and the need for robust digital systems.
Key players in the chaos engineering tools market are driving innovation to maintain a competitive edge. One notable example is LitmusChaos version 2.13.0, an open-source Chaos Engineering platform developed to identify infrastructure weaknesses and potential outages by inducing chaos. Released by the LitmusChaos community in September 2022, this platform caters to cloud-native infrastructure and applications, boasting ease of use and adherence to modern chaos engineering practices. LitmusChaos version 2.13 introduces various updates, including architectural enhancements, user guides, latest chaos experiment details, custom resource schema specifications, and comprehensive FAQs and troubleshooting information, enhancing its functionality and user experience.
In March 2022, Harness Inc. strategically acquired ChaosNative, signaling a shift in the chaos engineering process earlier in the software delivery lifecycle (SDLC). This move aims to improve the developer experience and allocate more time for innovation by integrating chaos engineering into earlier stages of development. Additionally, Harness Inc. pledges to become a primary sponsor of the CNCF LitmusChaos project and offer increased support for the open-source initiative. ChaosNative's expertise in cloud-native chaos engineering aligns with Harness Inc.'s objectives, fortifying their position in driving innovation within the chaos engineering tools market.
Major companies operating in the chaos engineering tools market are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., Capital One, Netflix Inc., Virtusa Corporation, Twilio Inc., OpenText Corporation, Atlassian Corporation Plc, Splunk Inc., Dropbox Inc., Datadog Inc., Slack Technologies LLC, Nagarro SE, New Relic Inc., PagerDuty Inc., HashiCorp Inc., Tricentis, Harness Inc., Cavisson Systems Inc., Gremlin Inc., Chaos Mesh, ChaosIQ Limited, LitmusChaos, Steadybit GmbH.
North America was the largest region in the chaos engineering tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chaos engineering tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the chaos engineering tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chaos engineering tools are specialized software applications or platforms engineered to enable the execution of chaos experiments and the observation of system behavior across diverse failure scenarios. These tools furnish a meticulously controlled and orchestrated environment, allowing users to introduce chaos experiments methodically and assess the system's response comprehensively.
The primary components of chaos engineering tools consist of solutions and services. Chaos engineering solutions comprise software tools or platforms meticulously crafted to enable the implementation of chaos engineering practices. These solutions are deployed across public and private cloud environments to conduct fault injection and testing, resilience testing and disaster recovery, security resilience testing, as well as performance and scalability testing. They find application across a broad spectrum of industries including banking, financial services, and insurance (BFSI), information technology (IT) and IT-enabled services, telecommunications, manufacturing, retail and e-commerce, media and entertainment, healthcare and life sciences, and various other verticals.
The chaos engineering tools market research report is one of a series of new reports that provides chaos engineering tools market statistics, including chaos engineering tools industry global market size, regional shares, competitors with a chaos engineering tools market share, detailed chaos engineering tools market segments, market trends and opportunities, and any further data you may need to thrive in the chaos engineering tools industry. This chaos engineering tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chaos engineering tools market consists of revenues earned by entities by providing services such as subscription-based pricing models, enterprise licenses, usage-based pricing, consulting services, custom development services, and integration partnerships. The market value includes the value of related goods sold by the service provider or included within the service offering. The chaos engineering tools market also includes sales of virtual machines, routers, switches, load balancers, servers and storage devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The chaos engineering tools market size is expected to see strong growth in the next few years. It will grow to $2.83 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to several key factors. These include the widespread adoption of DevOps and Agile practices, which promote collaboration, automation, and continuous improvement across software development and operations teams. Additionally, there is a rising awareness of the importance of risk management in ensuring the resilience and reliability of modern systems, particularly in the face of increasing complexity and interdependencies.
The chaos engineering tools market is set for growth, driven by the accelerated digital transformation sweeping across industries. Digital transformation, characterized by the integration of digital technology into business operations, is propelled by rapid technological advancements, shifting consumer behaviors, and the availability of extensive data coupled with advanced analytics tools. This acceleration underscores the imperative for resilient and dependable digital systems, positioning chaos engineering tools as indispensable components of organizations' digital resilience strategies. For instance, data from a January 2024 survey conducted by International Business Machines Corporation (IBM) indicates a significant adoption and exploration of artificial intelligence (AI) among IT professionals at large organizations, emphasizing the technological advancements driving the digital transformation and the need for robust digital systems.
Key players in the chaos engineering tools market are driving innovation to maintain a competitive edge. One notable example is LitmusChaos version 2.13.0, an open-source Chaos Engineering platform developed to identify infrastructure weaknesses and potential outages by inducing chaos. Released by the LitmusChaos community in September 2022, this platform caters to cloud-native infrastructure and applications, boasting ease of use and adherence to modern chaos engineering practices. LitmusChaos version 2.13 introduces various updates, including architectural enhancements, user guides, latest chaos experiment details, custom resource schema specifications, and comprehensive FAQs and troubleshooting information, enhancing its functionality and user experience.
In March 2022, Harness Inc. strategically acquired ChaosNative, signaling a shift in the chaos engineering process earlier in the software delivery lifecycle (SDLC). This move aims to improve the developer experience and allocate more time for innovation by integrating chaos engineering into earlier stages of development. Additionally, Harness Inc. pledges to become a primary sponsor of the CNCF LitmusChaos project and offer increased support for the open-source initiative. ChaosNative's expertise in cloud-native chaos engineering aligns with Harness Inc.'s objectives, fortifying their position in driving innovation within the chaos engineering tools market.
Major companies operating in the chaos engineering tools market are Alphabet Inc., Microsoft Corporation, Amazon Web Services Inc., Capital One, Netflix Inc., Virtusa Corporation, Twilio Inc., OpenText Corporation, Atlassian Corporation Plc, Splunk Inc., Dropbox Inc., Datadog Inc., Slack Technologies LLC, Nagarro SE, New Relic Inc., PagerDuty Inc., HashiCorp Inc., Tricentis, Harness Inc., Cavisson Systems Inc., Gremlin Inc., Chaos Mesh, ChaosIQ Limited, LitmusChaos, Steadybit GmbH.
North America was the largest region in the chaos engineering tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chaos engineering tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the chaos engineering tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Chaos engineering tools are specialized software applications or platforms engineered to enable the execution of chaos experiments and the observation of system behavior across diverse failure scenarios. These tools furnish a meticulously controlled and orchestrated environment, allowing users to introduce chaos experiments methodically and assess the system's response comprehensively.
The primary components of chaos engineering tools consist of solutions and services. Chaos engineering solutions comprise software tools or platforms meticulously crafted to enable the implementation of chaos engineering practices. These solutions are deployed across public and private cloud environments to conduct fault injection and testing, resilience testing and disaster recovery, security resilience testing, as well as performance and scalability testing. They find application across a broad spectrum of industries including banking, financial services, and insurance (BFSI), information technology (IT) and IT-enabled services, telecommunications, manufacturing, retail and e-commerce, media and entertainment, healthcare and life sciences, and various other verticals.
The chaos engineering tools market research report is one of a series of new reports that provides chaos engineering tools market statistics, including chaos engineering tools industry global market size, regional shares, competitors with a chaos engineering tools market share, detailed chaos engineering tools market segments, market trends and opportunities, and any further data you may need to thrive in the chaos engineering tools industry. This chaos engineering tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chaos engineering tools market consists of revenues earned by entities by providing services such as subscription-based pricing models, enterprise licenses, usage-based pricing, consulting services, custom development services, and integration partnerships. The market value includes the value of related goods sold by the service provider or included within the service offering. The chaos engineering tools market also includes sales of virtual machines, routers, switches, load balancers, servers and storage devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Chaos Engineering Tools Market Characteristics3. Chaos Engineering Tools Market Trends and Strategies32. Global Chaos Engineering Tools Market Competitive Benchmarking33. Global Chaos Engineering Tools Market Competitive Dashboard34. Key Mergers and Acquisitions in the Chaos Engineering Tools Market
4. Chaos Engineering Tools Market - Macro Economic Scenario
5. Global Chaos Engineering Tools Market Size and Growth
6. Chaos Engineering Tools Market Segmentation
7. Chaos Engineering Tools Market Regional and Country Analysis
8. Asia-Pacific Chaos Engineering Tools Market
9. China Chaos Engineering Tools Market
10. India Chaos Engineering Tools Market
11. Japan Chaos Engineering Tools Market
12. Australia Chaos Engineering Tools Market
13. Indonesia Chaos Engineering Tools Market
14. South Korea Chaos Engineering Tools Market
15. Western Europe Chaos Engineering Tools Market
16. UK Chaos Engineering Tools Market
17. Germany Chaos Engineering Tools Market
18. France Chaos Engineering Tools Market
19. Italy Chaos Engineering Tools Market
20. Spain Chaos Engineering Tools Market
21. Eastern Europe Chaos Engineering Tools Market
22. Russia Chaos Engineering Tools Market
23. North America Chaos Engineering Tools Market
24. USA Chaos Engineering Tools Market
25. Canada Chaos Engineering Tools Market
26. South America Chaos Engineering Tools Market
27. Brazil Chaos Engineering Tools Market
28. Middle East Chaos Engineering Tools Market
29. Africa Chaos Engineering Tools Market
30. Chaos Engineering Tools Market Competitive Landscape and Company Profiles
31. Chaos Engineering Tools Market Other Major and Innovative Companies
35. Chaos Engineering Tools Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Chaos Engineering Tools Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on chaos engineering tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for chaos engineering tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chaos engineering tools market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Solution; Services2) By Deployment Mode: Public Cloud; Private Cloud
3) By Application: Fault Injection And Testing; Resilience Testing And Disaster Recovery; Security Resilience Testing; Performance And Scalability Testing; Other Applications.
4) By Vertical: Banking, Financial Services, And Insurance (BFSI); Information Technology (IT) And IT-Enabled Services; Telecommunications; Manufacturing; Retail And eCommerce; Media And Entertainment; Healthcare And Life Sciences; Other Verticals.
Key Companies Mentioned: Alphabet Inc.; Microsoft Corporation; Amazon Web Services Inc.; Capital One; Netflix Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Alphabet Inc.
- Microsoft Corporation
- Amazon Web Services Inc.
- Capital One
- Netflix Inc.
- Virtusa Corporation
- Twilio Inc.
- OpenText Corporation
- Atlassian Corporation Plc
- Splunk Inc.
- Dropbox Inc.
- Datadog Inc.
- Slack Technologies LLC
- Nagarro SE
- New Relic Inc.
- PagerDuty Inc.
- HashiCorp Inc.
- Tricentis
- Harness Inc.
- Cavisson Systems Inc.
- Gremlin Inc.
- Chaos Mesh
- ChaosIQ Limited
- LitmusChaos
- Steadybit GmbH
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.95 Billion |
Forecasted Market Value ( USD | $ 2.83 Billion |
Compound Annual Growth Rate | 9.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |