- About Us
- Media Release
- Our Clients
- Media Mentions
- Subscription Model
- Contact Us
The Global DevSecOps Market size is expected to reach $11.3 billion by 2027, rising at a market growth of 22.3% CAGR during the forecast period. DevSecOps is the procedure of executing security in the development of applications procedure. The core task of DevSecOps is to bring automation in security protocols and other procedures needed in the development of applications. One of the major catalysts for the growth of the market is the growing requirement for highly safer and quicker application delivery. In addition, the higher internet penetration and surge in the number of cybercrimes would support the growth of the market. Additionally, the ongoing surge in the number of companies and applications shifting to the cloud, Internet of Things deployments, and 5G rollouts are also anticipated to open new growth prospects for the market.
Moreover, the growth of the DevSecOps market would witness bright propsects due to the growing cases of security breaches and hacks in the procedure of application developments; hence security is becoming one of the crucial factors. In addition, the growing requirement for superior and reliable security due to the increasing requirement for application development & deliveries among the companies would escalate the market growth.
Factors such as the requirement to fulfill the security guidelines and regulations, increasing demand for highly safer continuous application delivery and the high focus on security & compliance, rising security breaches, higher awareness about DevSecOps platforms are responsible for the growth of the DevSecOps market. The emerging requirement for enhancing SDLC by reducing the wastage of time, and the growing investment activities are major determinants propelling the growth of the global DevSecOps market. Additionally, high adoption rate of the solution among SMEs, increasing technological developments and growing modernization in the process would further open new growth avenues for key players of the DevSecOps market during the forecast period.
The outbreak of the global pandemic and the subsequent imposition of various restrictions like lockdowns has impacted the DevSecOps market. With the disruptions caused by the pandemic, many companies have shifted their focus to the cloud solutions to ensure business continuity. Additionally, the rapid shift to work-from-home norms due to the pandemic to facilitate the safety of employees is further estimated to positively impact the growth of the DevSecOps market.
The increasing cases of cyberattacks in various industrial verticals like BFSI, IT and telecommunication, and retail & consumer goods are also estimated to propel the growth of the market. The rising adoption of various advanced technologies and cloud-based solutions by the companies would support the demand for security technology like DevSecOps. Thus, the pandemic has positively impacted the growth of the DevSecOps market in the forecast period.
The number of data security breaches has increased in the last few years, which is making it more important for companies to invest in building stronger security systems to protect their data and developments. Data and security breaches can cause a severe loss to the company, due to which, companies are deploying many solutions like DevSecOps. This increasing adoption of security solutions is fueling the demand for such solutions.
Companies around the globe are increasingly focusing on boosting efficiency and decreasing the maintenance of the software development operation procedure. DevOps platform enables in enhancing the synchronization and collaboration among developers and hence, provide efficient procedures and at the same time minimize the maintenance needed for the constant development process. In addition, the DevOps platform improves security by not compromising on the stability of the product.
One of the major challenges faced by the DevSecOps industry is the lack of skilled personnel for the implementation of DevSecOps solutions across the companies. The absence of skilled personnel is primarily because of the gap between the demand and supply for security professionals, which is developed owing to the lack of understanding of the latest technology in information security.
Based on Component, the market is segmented into Software and Services. The software segment is estimated to garner the highest growth rate over the forecast period. The growth of the segment is expected to be fueled by the increasing popularity of DevSecOps among companies due to its benefits like better speed, improved communication & collaboration among departments, agility, timely identification of vulnerability, and security.
Based on Deployment Type, the market is segmented into On-premise and Cloud. The cloud segment is projected to procure the highest growth rate during the forecast period. This deployment type supports various devices and channels like tablets, smartphones, and social media. In addition, there are numerous advantages offered by cloud deployment to the companies like higher speed, 24/7 services, better scalability, and improved IT security.
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The large enterprise segment acquired the largest revenue share of the market in 2020. There are various leading companies across different industry verticals like BFSI, government & public sector, retail & consumer goods, IT & telecommunications, and manufacturing, which are witnessing high demand for DevSecOps solutions, thereby boosting its adoption rate in the global market.
Based on End User, the market is segmented into Telecom & IT, Retail & Consumer Goods, BFSI, Government, Manufacturing, and Others. The BFSI segment is estimated to exhibit the highest growth rate over the forecast period. The BFSI industry has experienced a substantial rise in cyber threats & attacks in the last couple of years. The increasing preference for internet banking and mobile banking has augmented the cases of threats and data breaches, and thus fueling the adoption of DevSecOps solutions.
|Market size value in 2020
|USD 2.7 Billion
|Market size forecast in 2027
|USD 11.3 Billion
|2017 to 2019
|2021 to 2027
|Revenue Growth Rate
|CAGR of 22.3% from 2021 to 2027
|Number of Pages
|Number of Tables
|Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling
|Component, Application, Deployment Type, Enterprise Size, End User, Region
|US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region with the largest revenue share in 2020. The presence of various developed nations like Canada and the US in this region is supporting the growth of the regional market. The early and rapid adoption of technologies like the Internet of Things (IoT) and cloud computing would accelerate the growth of the regional market.
Free Valuable Insights: Global DevSecOps Market size to reach USD 11.3 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Google, LLC and Microsoft Corporation are the forerunners in the DevSecOps Market. Companies such as CA Technologies (Broadcom Inc.), IBM, Check Point Software Technologies Ltd., are some of the key innovators in the market.
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.
By Deployment Type
By Enterprise Size
By End User
The DevSecOps market size is projected to reach USD 11.3 billion by 2027.
Growing requirement for efficient and well-managed operational processes are driving the market in coming years, however, absence of skilled and knowledgeable professionals limited the growth of the market.
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.
The rising adoption of various advanced technologies and cloud-based solutions by the companies would support the demand for security technology like DevSecOps. Thus, the pandemic has positively impacted the growth of the DevSecOps market in the forecast period.
The expected CAGR of the DevSecOps market is 22.3% from 2021 to 2027.
The software segment accounted for the largest share in the market in 2020. Factor like the increasing requirement for safer consistent application delivery is responsible for the growth of the market.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.