According to MarkNtel Advisors study the Global DevSecOps Market size was valued at USD 5.98 billion in 2023 is projected to reach USD 18.78 billion by 2030.
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Key Findings of the Study: DevSecOps market
Global DevSecOps Market Driver:
Growing Needs for Mitigating Security Vulnerabilities – Globally, the cyber security landscape has been constantly evolving, posing significant threats to establishments across verticals. As per cybercrime analytics firm, Spycloud, in 2023, almost 81% of establishments were affected by ransomware at least once. Most of these cyberattack numbers were carried out by comparatively small and agile ransomware gangs. These cyber security threats include a wide range of SQL injections, cross-site scripting, data breaches, insecure APIs, malware, phishing attacks, unpatched vulnerabilities, and unauthorized access among others.
Owing to this rapidly growing cyber threat scenario, software developers consider security as a major concern that is altering the process of software development. The developers consider these risks to be multifaceted, targeting sensitive data, the integrity of systems, and the privacy of users. DevSecOps security tools operate on the principle of early detection and resolution of security fragility to counteract the growing threat of unpatched vulnerabilities. Hence, as the underlying necessity for robust cybersecurity measures throughout the software development lifecycle is increasing, the demand for DevSecOps tools is also growing across verticals.
Global DevSecOps Market Challenge:
Resistance to Adopt New Practices in the Development Cycle by Organizations – Organizations in different sectors often resist any changes that would impact the workflow. The implementation of DevSecOps tools is often associated with an operational shift in the software development lifecycle. Owing to this, establishments in certain verticals are hesitating to invest in new tools and technologies associated with DevSecOps. Moreover, at times there is limited expertise among small-scale organizations, in terms of security implementation practices, which further makes these organizations swift away from DevSecOps automation. This resistance and reluctance to change disrupt the adoption of DevSecOps practices and it is also slowing down its implementation across various verticals such as the public sector, healthcare, etc. Hence the hesitance from organizations in embracing DevSecOps is hindering the expansion of the market size.
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Scope of the Report and DevSecOps Market Segmentation:
By Offering
Solution - Market Size Forecast 2019-2030, (USD Million)
Service - Market Size Forecast 2019-2030, (USD Million)
Professional - Market Size Forecast 2019-2030, (USD Million)
Managed - Market Size Forecast 2019-2030, (USD Million)
By Deployment
On-Premise- Market Size Forecast 2019-2030, (USD Million)
Cloud- Market Size Forecast 2019-2030, (USD Million)
By Organization Size
Small Medium Enterprise- Market Size Forecast 2019-2030, (USD Million)
Large Enterprise- Market Size Forecast 2019-2030, (USD Million)
By End User
Banking Financial Services and Insurance (BFSI)- Market Size Forecast 2019-2030, (USD Million)
IT Telecom- Market Size Forecast 2019-2030, (USD Million)
Manufacturing- Market Size Forecast 2019-2030, (USD Million)
Healthcare- Market Size Forecast 2019-2030, (USD Million)
Retail- Market Size Forecast 2019-2030, (USD Million)
Media Entertainment- Market Size Forecast 2019-2030, (USD Million)
Others (Education, Tourism, etc.)- Market Size Forecast 2019-2030, (USD Million)
The IT Telecom sector is emerging as a significant adopter of DevSecOps practices.
DevSecOps Market Development:
2023: Veritas joined forces with Dynatrace to utilize partner programs aimed at incentivizing their respective channels to adopt cloud technologies. This joint effort offers partners training opportunities, empowering them to improve their skills in unified observability, security, AIOps, advanced DevSecOps, and CloudOps.
2022: AutoRabit launched a DevSecOps tool named CodeScan Shield for Salesforce environments to address security issues arising from policy changes and misconfigurations.
Geographical Analysis:
By Region
North America
South America
Europe
The Middle East Africa
Asia-Pacific
North America is showcasing noteworthy adoption of DevSecOps practices, due to the region's prominent position in the global technology landscape, with a significant concentration of telecommunication giants, manufacturing facilities, BFSI, etc.
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