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DevSecOps Market Size worth USD 31.67 Billion Globally with Excellent CAGR of 33.1% by 2028|Analysis by Share, Outlook, Trends and Revenue Forecast | IMR
DevSecOps Market size is projected to reach USD 31.67 Billion by 2028 from an estimated USD 4.28 Billion in 2021, growing at a CAGR of 33.1% globally.
Development, security, and operations are collectively referred to as DevSecOps. In the past, software security was incorporated toward the end of the program development process. Additionally, the security was developed and tested separately by the company's security and quality assurance team. This strategy was not feasible under agile methods since it would have resulted in a bottleneck at the conclusion of each development cycle. A development strategy called DevSecOps automates the fundamental security while integrating security into the workflow.
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Market Dynamics:
Driver:
The market's expansion can be ascribed to the demand for more secure continuous application delivery as well as to the rising emphasis on improved data safety and security. Additionally, the market for DevSecOps is anticipated to benefit from the rise in security breaches and the huge growth in higher secure continuous application delivery. Building a bridge between development and operations will speed up time to market, customer happiness, and feedback. Security frequently comes in last in DevOps deployments and practices, prolonging the release process and thwarting all the advantages of DevOps and Agile software development.
Opportunities:
Due to its rising use, the DevSecOps market has seen several significant developments. Additionally, DevSecOps is dominated by enabling technologies like machine learning (ML) and artificial intelligence (AI). The foundation of many automated DevSecOps processes is made up of both AI and ML. Such developments may therefore offer potential opportunities for growing market.
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Market Segmentation
Segmentation Analysis of DevSecOps Market:
By Component, the services segment is anticipated to lead the growth of the DevSecOps market during the projected period. This segment is anticipated to register a CAGR of 34.4% over the forecast period.
By Security, the cloud segment is predicted to dominate the DevSecOps market. The majority of prominent companies strive to provide high-performance, highly-scalable digital services that are built on tailored modern architectures.
By Industry Vertical, the BFSI sector is projected to have the lion's share of the DevSecOps market over the projected period. Companies in the banking sector are experiencing a variety of digital transformation projects.
By Component
• Solution
• Service
By Enterprise Size
• SMEs
• Large Enterprises
By Deployment Type
• On-premise
• Cloud
By Verticals
• IT
• BFSI
• Media & Entertainment
• Government & Public Sector
• Healthcare
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Regional Analysis of DevSecOps Market:
The North American region is anticipated to have the highest share of the DevSecOps market over the forecast period attributed to the growing cyber security concern. Companies were compelled to migrate to the cloud, due to the fast shift to the work-from-home (WFH) model. According to Gartner, global cloud services investment would exceed USD 482 billion in 2022, up 54% from 2020. Cybercriminals will undoubtedly transfer their attacks to the cloud as their spending and users rise. To prevent cloud breaches, tech companies are investing heavily. IBM, Microsoft, Oracle, Amazon, Block, Apple, Facebook, and Alphabet are some of the tech giants headquartered in the United States.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Players Covered In DevSecOps Market are:
• Zevenet (Spain)
• CA Technologies (US)
• Cloudflare Inc. (US)
• Joyent (US)
• IBM (US)
• Synopsys (US)
• Microsoft (US)
• Inlab Software (Germany)
• Google (US)
• Dome9 (US)
• Riverbed Technologies (US)
• MicroFocus (UK)
• Fastly (US)
• Avi Networks (US)
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