Global DevSecOps Market Segmentation, By Deployment Type (Cloud, On-Premises), Component (Solution, Services), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others) – Industry Trends and Forecast to 2031.
DevSecOps Market Analysis
According to the Cost of Data Breach Report 2019 published by the International Business Machines (IBM) Corporation, the average cost of a single data breach grew internationally from USD 3.6 million in 2018 to USD 3.92 million in 2019. As a result, businesses are utilizing DevSecOps software more frequently to achieve more agile development techniques with improved security. The market is therefore anticipated to generate significant amounts of revenue due to the increased adoption across the globe over the forecasted timeline.
DevSecOps Market Size
Global DevSecOps market size was valued at USD 4.48 billion in 2023 and is projected to reach USD 40.05 billion by 2031, with a CAGR of 31.5% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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DevSecOps Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Broadcom (U.S.), IBM (U.S.), MicroFocus (U.K.), Synopsys (U.S.), Microsoft (U.S.), Google Inc., (U.S.), Check Point Software Technologies Ltd. (U.S.), Palo Alto Networks (U.S.), Qualys, Inc. (U.S.), Progress Software Corporation (U.S.), Threat Modeler (U.S.), Contrast Security (U.S.), CyberArk (Israel), Entersoft (Australia), Rogue Wave Software, Inc. (U.S.), Splunk Inc., (U.S.), 4ARMED LIMITED (U.K.), Aqua Security Software Ltd. (Israel), Check Marx Ltd., (Israel), Conntinuum Security Consultants Inc. (Spain) and Synopsys, Inc. (U.S.)
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Market Opportunities
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DevSecOps Market Definition
The DevOps is a collection of software development strategies that automate operations and software development interactions. The systems development life cycle can be shortened by this automation while often distributing updates, features, and patches/fixes. DevSecOps, on the other hand, is the incorporation of security procedures into DevOps. Its acronym stands for operations, security, and development. Within an agile context, these approaches are concentrated on developing novel solutions for challenging software development processes.
DevSecOps Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Mounting amount of Security Breaches
One of the major factors propelling the global DevSecOps market is the rising concern for data security. In 2019, the number of reported breaches grew by 54% in comparison to the first half of 2018, according to a survey by NortonLifeLock Inc. The resulting financial loss and the effect on the company's reputation are the data breach's most tragic side effects. The majority of data breaches, it has been discovered, were caused by app vulnerabilities. Therefore, businesses are now adopting DevSecOps software more frequently to implement more agile development techniques with improved security. With code analysis, which examines how rapidly they are being addressed and patched, businesses can find new vulnerabilities.
- Burgeoning Adoption across BFSI Sector
Cyber risks and attacks have significantly increased in the banking, financial services and insurance (BFSI) sector over the recent years. The demand for mobile and online banking has raised the risk of threats and data breaches, which has increased the use of DevSecOps. Along with evolving legal requirements, the need to supply digital services and solutions to improve customer experience may increase demand for DevSecOps over the projection period. Governments must provide appropriate data security to safeguard private and sensitive information, which largely increased the adoption rate of the DevSecOps across the BFSI sector.
Furthermore, the factors such as rowing internet penetration rate and increasing need for highly secure and faster application delivery will accelerate the overall market expansion during the forecast period. Additionally, the rise in cybercrimes is anticipated to drive the growth rate of the DevSecOps market. The increasing compliance on security will further positively impact the market's growth rate during the forecast period.
Opportunities
- Advancements and Investments
The rapid advancement in cloud computing is estimated to generate lucrative opportunities for the market, which will further expand the DevSecOps market's growth rate. Additionally, the rising investment in IT advanced technologies such as artificial intelligence, machine learning, the internet of things, and BYOD further offer numerous growth opportunities within the market.
Restraints/Challenges
- Dependency On Obsolete Application
The dependency on obsolete application development processes is further projected to derail the overall market’s growth over the forecast period.
- Lack of Technical Expertise
The DevSecOps market’s growth is projected to be slowed down by a dearth of qualified personnel or skilled professionals. The shortage of technical expertise is one of the significant challenge for the DevSecOps market over the forecast period.
This DevSecOps market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the DevSecOps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on DevSecOps Market
The DevSecOps market was immensely impacted by the outbreak of COVID-19. This is because people are compelled to work from home owing to restrictions and lockdowns, and online traffic has increased by 25% in several parts of the world. Additionally, widespread use of conferencing tools like Zoom, Skype, and Microsoft Teams is expanding, while other technologies like virtual private networks (VPNs), cyber security, and data protection will see an increase as more and more workers work remotely. ICT investment in major nations, like the U.S., is predicted to decrease in the first half of 2020 because the U.S. and worldwide tech market growth is slowing to nearly 2 percent in 2020. The COVID-19 technology may have a very positive impact in the medium to long term. Everyone must adopt new technology and learn about their advantages. We can anticipate further expenditures in digital infrastructure.
DevSecOps Market Scope
The DevSecOps market is segmented on the basis of deployment type, component, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deployment Type
- Cloud
- On-Premises
Component
- Solution
- Services
Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Vertical
- BFSI
- IT and Telecommunications
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Media and Entertainment
- Healthcare and Life Sciences
- Others
DevSecOps Market Regional Analysis
The DevSecOps market is analyzed and market size insights and trends are provided by country, deployment type, component, organization size and vertical as referenced above.
The countries covered in the DevSecOps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the DevSecOps market because of the increasing adoption of these solutions across various medium and large enterprises within the region over the forecast period of 2024 to 2031. Moreover, the rising need for better and consistent security amid the growing need for application development and deliveries is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2024 to 2031 due to the surging advancements as well as the adoption of emerging technologies such as cloud computing, Internet of Things (IoT) within the region. The increasing adoption across the small and medium-sized enterprises is a significant contributor to the regional market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
DevSecOps Market Share
The DevSecOps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to DevSecOps market.
DevSecOps Market Leaders Operating in the Market Are:
- Broadcom (U.S.)
- IBM (U.S.)
- MicroFocus (U.K.)
- Synopsys (U.S.)
- Microsoft (U.S.)
- Google Inc., (U.S.)
- Check Point Software Technologies Ltd. (U.S.)
- Palo Alto Networks (U.S.)
- Qualys, Inc. (U.S.)
- Progress Software Corporation (U.S.)
- Threat Modeler (U.S.)
- Contrast Security (U.S.)
- CyberArk (Israel)
- Entersoft (Australia)
- Rogue Wave Software, Inc. (U.S.)
- Splunk Inc., (U.S.)
- 4ARMED LIMITED (U.K.)
- Aqua Security Software Ltd. (Israel)
- Check Marx Ltd., (Israel)
- Conntinuum Security Consultants Inc. (Spain)
- Synopsys, Inc. (U.S.)
Latest Developments in DevSecOps Market
- In November 2021, In order to expand the silicon lifecycle management solution with real-time, in-field optimization technology, Synopsys, Inc. announced the purchase of Concertio Inc., the original creator of AI-powered performance optimization software. The Synopsys SiliconMAX Silicon Lifecycle Management (SLM) platform is still being developed, and this acquisition represents another step in that process.
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