DevSecOps Market Size, Share & Segmentation by Component (Software and Service), by Deployment (On-Premise and Cloud), by Organization (Small and Medium Enterprise and Large Enterprise), by Industry Vertical (BFSI, IT & Telecommunication, Government, Retail & Consumer Goods Manufacturing, Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

The DevSecOps Market size was valued at USD 4.27 Bn in 2022 and is expected to reach USD 23.63 Bn by 2030, and grow at a CAGR of 23.84 % over the forecast period 2023-2030.

DevSecOps is a collection of software development strategies that automate procedures between software development and information technology operations. This automation has the potential to reduce the systems development life cycle while often distributing updates, additions, and fixes. DevSecOps, on the other hand, is the integration of security principles inside DevOps. It is an acronym that stands for development, security, and operations. Within an agile context, these techniques are focused on developing novel solutions for difficult software development processes. DevSecOps is used inside enterprises to offer cybersecurity with the goal of executing security choices and actions at the same level and with the same actions as DevOps decisions and actions.

DevSecOps is more than just security professionals; it is a cooperation of people and procedures that includes development, operations, and security staff, as well as technology. Code analysis, change management, compliance monitoring, threat investigation, vulnerability assessment, security training, and other components are critical components of the DevSecOps strategy. DevSecOps can result in security features like identity and access management, firewalling, and vulnerability scanning being activated programmatically throughout the DevOps lifecycle, giving security teams more freedom to define policies.

MARKET DYNAMICS:

KEY DRIVERS:

• There is an increasing demand for highly secure and continuous application delivery.

• Increased emphasis on security and compliance.

• Enterprises are becoming more aware of the benefits of DevOps.

RESTRAINTS:

• Reluctance to Adopt New Tools and Technologies.

OPPORTUNITY:

• Adoption by SMEs has a huge potential.

CHALLENGES:

• a scarcity of skilled professionals

• Reliance on Outdated Application Development Processes

IMPACT OF COVID-19:

The introduction of COVID-19 has a significant influence on all sectors worldwide. Furthermore, closures and limitations have caused many to work from home, resulting in a spike in online traffic in several locations throughout the world. Furthermore, widespread use of conferencing apps will benefit from increased usage, while other technologies, such as virtual private networks (VPNs), cyber security, and data protection, will see an increase as most workforces operate remotely. COVID-19 technology may have a significant influence in the medium to long term. Everyone is compelled to accept new technology and learn about its benefits. More investments in digital infrastructure are likely.

MARKET ESTIMATION:

The component section is divided into two parts: software and services. In 2021, the software category dominated the market. This is due to the increasing demand for highly secure continuous application delivery. The component section is divided into two parts: software and services. In 2021, the software category dominated the market. This is due to the increasing demand for highly secure continuous application delivery. During the projected period, the software segment is predicted to grow at the fastest rate. The rising popularity of DevSecOps among enterprises, as well as benefits such as increased speed and agility, improved communication and cooperation across teams, early vulnerability detection, and security, are projected to drive demand for DevSecOps software throughout the projection period.

The market has been divided into three categories: small, medium, and big enterprises. In 2021, the big enterprise sector dominated the market. Large organizations are early adopters of technology that improve quality and efficiency, shorten business operations time, streamline workflow, and save expenses. As a result, major businesses are the most aggressive users of DevSecOps solutions to protect their apps. From 2022 to 2028, the small and medium enterprise category is predicted to grow at the fastest CAGR. Because of the simplicity of use, agility, rapid application delivery, and flexibility provided by DevSecOps solutions, small and medium-sized businesses are likely to employ them more frequently. These advantages are projected to fuel DevSecOps demand in small and medium-sized businesses throughout the projection period.

The market has been divided into verticals such as BFSI, IT and communications, government, retail and consumer goods, manufacturing, and others. In 2021, the IT and telecommunications segment dominated. DevSecOps is used in the IT sector to assist automate software development, testing, and operations, which improves product quality, customer experience, and delivery time. DevSecOps solutions also assist the business in resolving challenges with release deadlines and software quality. From 2021 to 2028, the BFSI segment is predicted to grow at the fastest CAGR. In recent years, the BFSI vertical has seen a tremendous surge in cyber threats and assaults. The growing desire for mobile and online banking has raised the danger of attacks and data breaches, resulting in greater use of DevSecOps.

The market has been divided into two segments based on deployment: on-premise and cloud. In 2021, the on-premise segment dominated the market. Due to increased concerns about data security and privacy protection, many businesses prefer the on-premise implementation of DevSecOps solutions. Furthermore, on-premise DevSecOps systems do not require an internet connection and can be readily modified to meet the needs of the organization. Over the projection period, the category is predicted to increase steadily. From 2021 to 2028, the cloud category is predicted to grow at the fastest CAGR. The cloud deployment methodology works with a variety of devices and channels, including smartphones, tablets, and social media. Over the projection period, the increased desire to reduce capital and operating expenditures is likely to fuel demand for cloud deployment of DevSecOps solutions.

KEY MARKET SEGMENTS:

On The Basis of Component

• Software

• Service

On The Basis of Deployment

• On-Premise

• Cloud

On The Basis of Organization

• Small and Medium Enterprise

• Large Enterprise

On The Basis of Industry Vertical

• BFSI

• IT & Telecommunication

• Government

• Retail & Consumer Goods

• Manufacturing

• Others

REGIONAL ANALYSIS:

North America is expected to lead the worldwide DevSecOps market. A high adoption rate of digital services, technical proliferation, enhanced network connectivity, and increased smartphone usage are key factors promoting regional market progress. The existence of major technology enterprises is anticipated to contribute to the market's growth. Because of increased spending on connected devices, rising demand for digital services, and investments in various cloud and IoT technologies, the Asia Pacific region is expected to be one of the fastest expanding areas in the market.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are CA Technologies, IBM Corporation, MicroFocus, Synopsys, Inc., Microsoft Corporation, Google LLC, Riverbed Technology, Inc., Dialogic, Cloudflare, Inc., Array Networks

Frequently Asked Questions (FAQ) :