The DevSecOps market is estimated to grow with a significant CAGR during the forecast period, i.e., 2021-2029. The growth of the market can be attributed to need for higher secure continuous application delivery along with the increased focus on enhanced safety and security of data. Moreover, with the rise in the security breaches and there has been a significant growth in the higher secure continuous application delivery which is expected to have a positive impact on the DevSecOps Market. The goal of DevSecOps is to bridge Development and Operations for a faster time-to-market and rapid customer satisfaction and feedback. In many DevOps implementations and practices, security often ends up being the late comer, delaying the process of release and thus impeding all the benefits of DevOps and Agile software development. According to a recent data published by Breach Level Index, roughly 10 billion records have been breached since 2013 while the average total cost of a data breach is $3.86 million.
On the basis of organization size, the market is segmented into small & medium enterprise and large enterprise. Large enterprise accounts for maximum share owing to large spending on their system security. The small & medium enterprise is expected to have the highest CAGR owing to the fact that large amounts of data breach activities taking place across various industry verticals. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of deployment, the market is segmented into cloud and on premise. The cloud segment occupies a larger market share in the deployment segment owing to the fact of ease of accessibility and connectivity with respect to on premise.
On the basis of industry vertical, the market is further segmented into BFSI, IT and Telecommunications, Manufacturing, Government & Public Sector, Energy and Utilities, and Others. The BFSI sector is expected to occupy the largest market share in the industry vertical owing to recent increase in fraudulent activities across the globe.
Geographically, the DevSecOps market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America is predicted to grow at the highest CAGR over the forecast period owing to rising in fraud related activities in the banking sector, along with growth in IT infrastructure, which is one of the major driving factors for market growth. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to rapid advancement in cloud computing, use of Internet of Thing and vast IT infrastructure services in the region. Along with this, the North America also leads in terms of technological advancement and surplus demand for secure software development, which is also expected to contribute to the market growth in the region. As per the analysis of CompTIA’s Cyberstates, United States is the largest tech market in the world, representing 33% of the total, or approximately $1.6 trillion for 2021. Alternatively, the market in Europe is also anticipated to occupy a significant share in the DevSecOps market on account of its high adoption rate of cloud technologies and huge customer base in the region. The DevSecOps market in Middle East & Africa is also expected to grow owing to large number of multi-national companies which have set up their business activities in the region.
The global DevSecOps market is further classified on the basis of region as follows:
Our in-depth analysis of the global DevSecOps market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Growing need for high security and benefits of DevOps to various industry verticals.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.
Lack of skilled professionals is estimated to hamper market growth.
The market in North America region will provide maximum growth opportunities owing to large fraud related activities in the banking sector, along with growth in IT infrastructure.
The major players dominating the DevSecOps market are RedHat, Google, Aqua Security, CyberArk, Splunk, Puppet, Algosec, Check Mark, MicroFocus, and among others.
The company profiles are selected on the basis of revenues generated from the product/services segment, geographical presence of the company which determine the revenue generating capacity as well as the new products/services being launched into the market by the company.
The market is segmented by component, deployment, organization size, industry vertical and region.
The BFSI sector is expected to occupy the largest market share in the industry vertical owing to recent increase in fraudulent activities across the globe.
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