Asia Pacific DevSecOps Market By Component (Software and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (Telecom & IT, Retail & Consumer Goods, BFSI, Government, Manufacturing, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific DevSecOps Market would witness market growth of 24.2% CAGR during the forecast period (2021-2027).
An increase in the cases of cybercrime has been recorded across the world, which is making security the major concern for companies in this digital world. These cybercrimes are causing a huge loss to the industries and therefore, companies are increasingly investing in making stronger security systems across their organizations. In addition, there are many companies that are deploying the DevSecOps framework for providing superior security and efficiency in their applications being developed. It provides clients with the essential tools, which helps the security teams to effectively support the DevOps team and further offer the much-needed security changes, following continuous supervision of attacks and defects.
The DevSecOps market would witness bright growth prospects due to the high adoption of improved technologies by SMEs and rising IT modernization efforts. Additionally, some of the factors such as the surging demand for better collaboration among teams, increasing adoption of automation in software development & testing, more focus on fulfilling the security regulations and compliances, and the higher adoption of microservices & service virtualization are directly proportional to the growth of the DevSecOps market.
The rising adoption of various latest technologies like cloud computing and the Internet of Things (IoT) by the companies operating in the region is among the key aspects propelling the growth of the regional DevSecOps market. Additionally, emerging nations like India and China are witnessing a surge in the demand for new technologies and solutions that would create lucrative opportunities for the players operating in the region DevSecOps market.
Moreover, the expanding cases of cyberattacks and the rapid advancements in the technological infrastructure are contributing to the growing demand for DevSecOps solutions in this region. The huge customer base of the region and increased spending of the companies on security solutions are encouraging the key market players to expand their reach in this region. This factor would further accelerate the growth of the regional DevSecOps market in the coming years.
The China market dominated the Asia Pacific Small & Medium Enterprises DevSecOps Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $339.2 million by 2027. The Japan market is showcasing a CAGR of 25.4% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 26.7% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Telecom & IT, Retail & Consumer Goods, BFSI, Government, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CA Technologies (Broadcom Inc), IBM Corporation, Micro Focus International plc, Synopsys, Inc., Microsoft Corporation, Google, LLC., Check Point Software Technologies Ltd., PaloAltoNetworks, Inc., Qualys, Inc. and Splunk, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Telecom & IT
- Retail & Consumer Goods
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- CA Technologies (Broadcom Inc)
- IBM Corporation
- Micro Focus International plc
- Synopsys, Inc.
- Microsoft Corporation
- Google, LLC.
- Check Point Software Technologies Ltd.
- PaloAltoNetworks, Inc.
- Qualys, Inc.
- Splunk, Inc.
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