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Continuous Deployment is an automated process that pushes code changes to production after they pass through all stages of the software delivery pipeline, including testing and staging environments. It enables organizations to release software updates more quickly and frequently, reducing time-to-market and allowing for faster feedback loops. Continuous Deployment fits into the Application Lifecycle Management hierarchy under DevOps by providing a streamlined approach to delivering software changes, ensuring that code is always in a releasable state and enabling teams to focus on developing new features rather than manually deploying code.