Continuous Delivery is part of the CI/CD Pipeline.
Continuous Delivery is closely related to Continuous integration and refers preparation of software that passes the automated Testing. (Definition of Done)
"Essentially, it is the practice of releasing every good build to users”, explains Jez Humble, author of Continuous Delivery.
By adopting both Continuous integration and Continuous Delivery, you not only reduce risks and catch bugs quickly, but also move rapidly to working software.
With low-risk releases, it is easier and faster to provide Business value. This fosters for greater collaboration between dev and Ops, fueling real change in your organization, and turning your release process into a business advantage.
Allow a Responsive Organizations to perform Continuous Delivery often using DevOps
Continuous Delivery may be a Development Team decision in some environments when release is a Bounded Context of a Software library not changing the API or interface as in Microservice Architecture