DevSecOps Market Segmentation:
Component Segment Analysis
The software segment is predicted to account for a 60.3% share by 2035, due to rising demand for automated and integrated security tools. Organizations adopting DevSecOps are investing in a whole gamut of software solutions, ranging from static and dynamic analysis tools to software composition analysis and container security solutions. The tools are critical in baking security into the CI/CD pipeline and in facilitating constant security testing. In June 2023, Fortinet, Inc. introduced FortiDevSec, a new solution that offers developers SAST, SCA, and container security tools in a single platform. The launch is in line with the industry approach of adopting versatile platforms that make it easy to integrate security with the development workflow.
Industry Segment Analysis
The BFSI sector is predicted to dominate with a 30.3% revenue share through 2035 due to the high value of data and strong regulatory needs. Cyberattacks primarily happen to financial institutions, so security is of utmost importance. DevSecOps helps such organizations develop more secure software and meet regulatory compliance, like PCI DSS and SOX. The need to develop new digital services in a short time while having a robust security stance is also driving DevSecOps in the BFSI sector. In May 2023, IBM Corporation bought out Polar Security, a Data Security Posture Management (DSPM) firm, in order to grow its Guardium portfolio and support DevSecOps teams in automating data security across multicloud environments.
Organization Size Segment Analysis
Large Organization segment is likely to garner around 65% revenue share during the forecast period, as such organizations possess both the means and the mandate to commit to complete security solutions. Large organizations possess complicated IT infrastructure and a vast app portfolio, and hence, are a chief target of cyberattacks. The imperative to handle risk at scale and meet a vast litany of compliance obligations is fueling DevSecOps adoption in this segment. In May 2023, Microsoft Corporation made a series of new identity and compliance features in its security portfolio available, aimed at being more deeply integrated in DevSecOps workflows and securing large organizations' digital assets.
Our in-depth analysis of the global market includes the following segments:
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