USD 6.90 Billion
Report ID:
SQMIG45A2403 |
Region:
Global |
Published Date: December, 2024
Pages:
167
|Tables:
114
|Figures:
72
Global Devsecops Market size was valued at USD 6.90 Billion in 2022 and is poised to grow from USD 7.81 Billion in 2023 to USD 21.06 Billion by 2031, growing at a CAGR of 13.2% during the forecast period (2024-2031).
The increasing incidence of security breaches faced by the IT and telecommunications industry plays a key role in the growing demand for scalability, security and productivity (DevSecOps). The adoption of DevSecOps enables IT companies to deliver agile and high-quality software. However, when security is established at the end of the IT life cycle, developers face risks related to security threats that push the entire team back into a long development cycle. Many incidents of security breaches are expected related to the growth initiatives will boost this market during the forecast period.
The rapid pace of digitization has changed the industry for many organizations. The inclusion of artificial intelligence (AI), the addition of the Internet of Things (IoT), cloud computing has increased data sharing in organizations through the internet. With the emergence of concepts such as Bring Your Device, co-working spaces, remote work profiles, and cloud deployments, large datasets that belong to organizations are continuously exposed to the risk of breaches and data thefts if not protected with significant security measures.
New platforms specifically designed to provide advanced security controls that can accelerate the software development cycle by ensuring improved technical support also enhance the growth opportunities of this market. In May 2024, PlaxidityX (formerly Argus Cyber Security Ltd.), one of the leading companies in the automotive cybersecurity industry, announced a new venture has been designed for manufacturers of software-defined vehicles (SDVs) and suppliers.
Global Market Size
USD 6.90 Billion
Largest Segment
Large Enterprises
Fastest Growth
Small and Medium Enterprises
Growth Rate
13.2% CAGR
To get more reports on the above market click here to Buy The Report
Global devsecops market is segmented based on component, deployment, organization, industry vertical, and region. Based on component, the market is segmented as, software, service. Based on deployment, the market is segmented as, on-premises, cloud. Based on organization, the market is segmented as, small and medium enterprises, large enterprises. Based on industry vertical, the market is segmented as, BFSI, IT & telecommunication, government, retail & consumer goods, manufacturing, others. Based on region the market is segmented as, North America, Asia-Pacific, Europe, Latin America, Middle East and Africa.
Analysis by Organization
As per devsecops market analysis, the large enterprises segment will dominate the global DevSecOps market in 2023. Several leading companies across all industry and industry levels, including IT and telecom, BFSI, retail and consumer products, government and public sector, and products as they are additionally, aggressively adopting DevSecOps solutions. Large enterprises are early adopters of technologies that will increase quality and efficiency, reduce business process time, improve efficiency, and reduce costs so large enterprises are prime adopters of DevSecOps solutions a to protect their use. Additionally, the increasing number of security breaches/cybercrimes has led to increased adoption of DevSecOps in large enterprises.
The small and medium enterprises segment is expected to record the fastest CAGR from 2024 to 2031. SMEs are likely to adopt DevSecOps solutions more due to its ease of use, agility, rapid application delivery and flexibility because of the supply. These benefits are expected to drive the demand for DevSecOps among SMEs over the forecast period. The small and medium enterprises segment plays an important role in the DevSecOps market, serving as an important and unique development of these practices. SMEs need security in their software development lifecycle to protect their applications from cyber threats and ensure compliance with stringent regulatory regulations. SMEs are often targeted by cybercriminals due to their limited budget for robust security measures.Analysis by Industry Vertical
As per the devsecops market outlook, IT & Telecommunication segment to dominate the global devSecOps market in 2023. The IT industry uses DevSecOps to automate software development, testing, and deployment, which improves product quality, improves the customer experience, and reduces time. DevSecOps solutions also help address the industry’s release timeline and software quality issues. The increasing number of cyberattacks and increasing awareness of the benefits of DevSecOps can spur the demand for DevSecOps in the IT and telecommunication industry. The IT & telecommunication industry operates on complex infrastructures that require continuous innovation in software development.
The BFSI segment is expected to grow at the fastest CAGR between 2024 and 2031. Cyber threats and attacks have increased significantly in BFSI verticals in recent years. The demand for mobile banking and internet banking increasingly has further increased the risk of threats and data breaches. Despite its widespread adoption, the need to deliver digital services and solutions to enhance customer experience has revealed that changing regulatory mandates will increase demand for DevSecOps over the forecast period. The government segment accounted for the largest market share as governments are required to ensure adequate data protection to protect privacy and sensitive information.
To get detailed analysis on other segments, Request For Free Sample Report
North America is the leading region in the devSecOps market, with established technology companies, strong cloud adoption and heavy emphasis on cybersecurity. The United States is at the forefront due to its advanced IT infrastructure and regulatory requirements such as GDPR and CCPA that mandate stringent data security measures. Enterprises in sectors like finance, healthcare and retail are collaborating on DevSecOps to mitigate cyber threats and ensure compliance. Additionally, the company’s significant investments in artificial intelligence (AI) and automation enhance the capabilities of DevSecOps platforms, further strengthening its North America dominance.Asia-Pacific is emerging as the fastest growing region in the devSecOps market, with expanding IT sector, increasing adoption of cloud and adoption of cybersecurity risks. Countries such as India, China and Japan are investing heavily in digital infrastructure, creating a fertile ground for DevSecOps adoption. Regional diverse business landscape, including a mix of multinational companies and SMEs, are driving demand for scalable and cost-effective DevSecOps solutions. The rise of startups and increasing attention to data security compliance is further contributing to the rapid adoption of DevSecOps practices by the department. Asia Pacific is becoming a key player, driven by its rapid digitalization and growing emphasis on secure development practices.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Critical Emphasis on Integration of Security
Growing Adoption of Cloud-native Applications
Restraints
Implementation Complexity and Resistance to Change
High Initial Costs and Budget Constraints
Request Free Customization of this report to help us to meet your business objectives.
The devSecOps industry is characterized by fierce competition, driven by the rapid adoption of secure development practices across industries. Major players use strategies such as acquisitions, partnerships, innovation and geographical expansion to gain competitive advantage. The market is also witnessing major startups offering niche solutions adding diversity to the competitive landscape. Palo Alto Networks has partnered with Amazon Web Services (AWS) to enhance its security capabilities for cloud-native applications.
Top Player’s Company Profiles
Recent Developments
AI and Automation Transforming Security Practices
Rising Focus on Regulatory Compliance
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the devSecOps industry is driven by the growing need for rapid security integration and the increasing adoption of cloud native applications. However, challenges such as implementation complexity and high initial investment costs act as significant barriers. Emerging trends such as the integration of AI and automation, and increased focus on compliance and governance are shaping the future of the market. Despite existing limitations, continued safe development practices ensure that DevSecOps remains at the forefront of modern software development. The need for advanced security measures at every stage of development of software solutions from inception to deployment is driving the growth of this market especially in the coming years. Key trends, such as the integration of AI and automation and the growing focus on regulatory compliance, are reshaping the market landscape.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.90 Billion |
Market size value in 2031 | USD 21.06 Billion |
Growth Rate | 13.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the DevSecOps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the DevSecOps Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the DevSecOps Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the DevSecOps Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2403
sales@skyquestt.com
USA +1 351-333-4748