DevSecOps Global Market 2024 – Key Drivers, Growth Factors, Technological Development And Forecast To 2033

Overview and Scope
DevSecOps is a methodology that integrates security practices into DevOps processes, aiming to ensure that security is prioritized throughout the software development lifecycle. It emphasizes building security into the development process from the start, rather than treating it as an isolated step at the end of development cycles.

Sizing and Forecast
The DevSecOps market size has grown exponentially in recent years. It will grow from $5.52 billion in 2023 to $7.07 billion in 2024 at a compound annual growth rate (CAGR) of 28%.  The  growth in the historic period can be attributed to rising demand for on-premises software among large enterprises, growing need for higher secure continuous application delivery, growing awareness about the benefits of DevOps and cloud solutions, mounting amount of security breaches, high adoption of IoT, AI and machine learning in manufacturing industry.

The DevSecOps market size is expected to see exponential growth in the next few years. It will grow to $19.09 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%.  The growth in the forecast period can be attributed to growing internet penetration, rise in cybercrimes, increasing compliance on security, growing popularity of cloud-based services, growing digitization. Major trends in the forecast period include technological advancements, adoption of advanced technologies by SMEs, advancement in cloud computing, rising investment in IT advanced technologies, penetration of 5G technologies.

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Segmentation & Regional Insights

The devsecops market covered in this report is segmented –

1) By Component: Solution , Services

2) By Deployment Type:  On-Premises, Cloud

3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises

4) By Applications: BFSI, IT And Telecommunications, Healthcare, Retail, Government, Manufacturing, Media And Entertainment, Other Applications

North America was the largest region in the devsecops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the devsecops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rise in cybercrime is expected to propel the growth of the DevSecOps market going forward. Cybercrime refers to criminal activities using computers, networks, and digital technologies. The growing interconnectedness of devices and systems, facilitated by the widespread use of the internet, has created more opportunities for cybercriminals to exploit vulnerabilities. DevSecOps is used to prevent cybercrimes as it integrates security practices throughout the software development lifecycle, embedding security into the DevOps process to identify and address vulnerabilities early. For instance, in September 2023, AAG, a UK-based provider of IT support services, reported that 39% of UK companies had experienced a cyberattack in 2022. Additionally, during the first half of the same year, cybercrime affected 53.35 million individuals in the United States. Therefore, the rise in cybercrime is driving the growth of the DevSecOps market.

Key Industry Players
Major companies operating in the devsecops market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Accenture Plc, International Business Machines Corporation, Broadcom Inc., Palo Alto Networks Inc., Synopsys Inc., Splunk Inc., Atlassian Corporation, Micro Focus International Plc, Check Point Software Technologies Ltd.  , Progress Software Corporation , CyberArk Software Ltd., Qualys Inc. , Qentelli Inc., Synk Ltd., Veracode Inc., Checkmarx Ltd., Veritas Technologies LLC, Autorabit Inc., Rogue Wave Software Inc. , Threat Modeler Software Inc., 4Armed Limited, Continuum Security Consultants Inc., Gitlab Inc., Aqua Security Software Ltd

The devsecops market report table of contents includes:
1. Executive Summary
2. DevSecOps Market Characteristics
3. DevSecOps Market Trends And Strategies
4. DevSecOps Market – Macro Economic Scenario
5. Global DevSecOps Market Size and Growth
…………………….
32. Global DevSecOps Market Competitive Benchmarking
33. Global DevSecOps Market Competitive Dashboard
34. Key Mergers And Acquisitions In The DevSecOps Market
35. DevSecOps Market Future Outlook and Potential Analysis
36. Appendix

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