Market Overview:
The Global DevSecOps Market size is expected to grow from USD 5.70 billion in 2022 to USD 56.11 billion by 2030, at a CAGR of 33.1% during the forecast period (2023-2030).
Development, security, and operations are collectively referred to as DevSecOps. Every phase of the software development lifecycle, from initial design to integration, testing, deployment, and software delivery, is automated by DevSecOps. Similar to DevOps, DevSecOps is as much about shared responsibility and culture as it is about technology or strategies. The objectives of DevSecOps are the same as those of DevOps to deliver better software more quickly and to identify and address software issues in production more effectively. Additionally, DevSecOps shifts the responsibility for application and infrastructure security from a security silo to a collaborative effort between development, security, and IT operations teams.
Top Key Players in the DevSecOps Market:
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), Dialogic (US), Array Networks (US), and other major players.
Market Dynamics and Factors for the DevSecOps Market:
Drivers:
Rising Internet Penetration Rate
As more people gain access to the internet, there is a surge in digital activity, from online shopping to social media use and financial transactions. This increased digital footprint creates a greater need for secure software development and operations practices.
With higher internet penetration, businesses are more likely to offer online services, from e-commerce platforms to cloud-based applications. These services must be developed and maintained securely, driving demand for DevSecOps practices that integrate security into the development and operations pipelines.
Opportunities:
Opportunity in Growing Online Platforms
The growing prevalence of online platforms presents a significant opportunity for the DevSecOps (Development, Security, and Operations) market. Online platforms encompass a wide range of digital services, from e-commerce websites and social media platforms to cloud-based applications and online banking systems.
Online platforms provide hackers with a larger attack surface to exploit. With more digital services and applications available online, there are more potential entry points for cyberattacks. DevSecOps practices are essential for securing these entry points and mitigating security risks.
Segmentation Analysis of the DevSecOps Market:
By Component, the services segment is expected to dominate the market. The purpose of employing DevSecOps services is to patch holes between IT and security while ensuring that code is delivered safely and quickly.
By Security, the cloud segment is likely to dominate in this area. The majority of prominent companies strive to provide high-performance, highly scalable digital services that are built on tailored modern architectures.
Regional Analysis of the DevSecOps Market:
North America is expected to dominate the market during the forecast period. The significant demand for proactive monitoring of ever-more complex applications and the rising popularity of cloud-based and DevOps applications in North America are driving the market's expansion. Customers in North America are favoring online platforms more and more for a range of services, including traditional markets. Enterprises are therefore concentrating on enhancing application management services. Additionally, there is a sizable demand for SaaS-based applications in the region due to the rise of DevOps. According to the Cisco Global Cloud Index Report, 48% of all large public cloud data centers, also known as hyper-scale data centers, are expected to be located in North America by 2021.
Key Industry Development:
In January 2021, Keyfactor, the leader in PKI as a Service and crypto-agility solutions, announced a strategic partnership with Infinite Ranges, a developer of digital transformation solutions. Enterprise teams can close the DevSecOps gap by implementing best practices and automated solutions as a result of the collaboration.
In June 2020, Nous Infosystems, a leading global provider of innovative IT solutions and services, announced that its Azure DevSecOps Jumpstart consulting service is now available on the Microsoft Azure Marketplace, an online store that sells apps and services for Azure. Customers may now make use of the highly productive and secure Azure cloud platform, which has been simplified in terms of deployment and management.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
