DevOps, the integration of development and operations, has reshaped software creation and deployment, ensuring rapid delivery, cost efficiency, and continuous updates. DevSecOps advances this paradigm, infusing security from inception, and eliminating the need for additional security layers in the final product.
The DevSecOps Market, valued at USD 4.27 billion in 2022, is poised to soar to an estimated USD 23.63 billion by 2030, riding a remarkable compound annual growth rate (CAGR) of 23.84% between 2023 and 2030, as per the latest SNS Insider report.
Market Report Scope:
Businesses are increasingly embracing DevSecOps due to heightened concerns about data security. The surge in reported breaches, causing financial losses and reputational damage, underscores the need for robust app security. DevSecOps, with its agile development techniques and code analysis capabilities, aids in swiftly addressing vulnerabilities. DevOps, combining development and operations, evolves with DevSecOps, emphasizing security integration from inception. This approach eliminates the need for additional security layers, ensuring built-in app security. Heightened concerns about data breaches fuel adoption, prompting businesses to embrace agile techniques and code analysis for rapid vulnerability resolution. Cloud deployment dominates, offering enhanced security and cost-effective scalability. Across sectors like BFSI, DevSecOps addresses security and speed concerns.
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Key Players Included in this Report are:
- CA Technologies
- IBM Corporation
- MicroFocus
- Synopsys
- Microsoft Corporation
- Google LLC
- Riverbed Technology
- Dialogic
- Cloudflare
- Array Networks
- Others
Market analysis
The global DevSecOps market is being driven by mounting security breaches and the imperative for heightened data security. Businesses, concerned about the financial losses and reputational damage caused by breaches, are increasingly turning to DevSecOps solutions. These agile development practices, equipped with code analysis capabilities, address vulnerabilities swiftly, making them a crucial asset in today's threat landscape. Moreover, the Banking, Financial Services, and Insurance (BFSI) sector, facing escalating cyber risks, spearheads DevSecOps adoption to ensure both speed and security in service delivery, amplifying the market's growth trajectory.
Market Segmentation Analysis:
In the realm of deployment, the cloud segment dominates, offering enhanced security, scalability, and performance. The cloud deployment not only ensures heightened security but also streamlines processes, reducing operational expenditure for organizations.
Across verticals, BFSI (Banking, Financial Services, and Insurance) leads the charge. The sector's focus on service delivery speed and security, crucial for maintaining customer trust during financial transactions, drives its adoption of DevSecOps.
Market Segmentation and Sub-Segmentation Included are:
On The Basis of Component
- Software
- Service
On The Basis of Deployment
- On-Premise
- Cloud
On The Basis of Organization
- Small and Medium Enterprise
- Large Enterprise
On The Basis of Industry Vertical
- BFSI
- IT & Telecommunication
- Government
- Retail & Consumer Goods
- Manufacturing
- Others
Key Regional Developments:
North America spearheads DevSecOps adoption, benefiting from early technology uptake and widespread use across industries like BFSI, IT, and retail. The region's robust growth owes itself to swift cloud and IoT integration, alongside a pressing need to counter frequent data breaches.
Asia Pacific, anticipated to witness the highest growth, is propelled by burgeoning economies like India and China. The region's adoption of cloud tech, escalating demand for IT services, and digital infrastructure development contribute to its exponential market growth.
Key Takeaways:
- DevSecOps bridges security and speed in software development, bolstering resilience against cyber threats.
- Cloud-based deployment dominates, offering not just security but also cost efficiency and scalability.
Recent Developments:
- In August 2022, Copado launched a new DevSecOps training program, aiming to expedite secure software releases.
- Progress Infrastructure Software's May 2022 release, Progress Chef Cloud Security, extends DevSecOps capabilities, ensuring compliance across on-premises, cloud, and native cloud resources, catering to diverse enterprise needs.
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