DevSecOps Market Analysis Report By Component, By Deployment, By Organization, By Industry Vertical, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global DevSecOps Market was prized by USD 2.79 billion in 2020. It is estimated to witness, 24.1% CAGR from 2021 to 2028.

Drivers

The rising prerequisite for extremely safe along with the quicker application deliverance can be credited to the hopeful development projections of the market for DevSecOps. The issues like increasing infiltration speed of the internet and growth in cybercrimes are, moreover, projected to add to augmentation of the market.

Besides, the sustained growth in the figure of businesses as well as functions transferring to the cloud, rolling out of 5G network, and Internet of Things (IoT) deployments are, furthermore, projected to support the expansion of the DevSecOps (development, security, and operation) market.

The increasing implementation of sophisticated technologies by small & medium enterprises plus better IT transformation efforts is likely to generate more openings for the market. The issues like the increasing demand for reorganization of group efforts amid teams, sharp concentration on fulfillment and safety, the increasing implementation of micro services as well as service virtualization, and augmented taking up of computerization in software development are the factors, anticipated to act positively for the market.

Restraints

On the other hand, opposition to the acceptance of innovative technologies as well as tools might impede the expansion of the market.

Effect of Covid-19

The eruption of Covid-19 pandemic and following lockdowns as well as the limitations had a reasonable effect on development, operation and safety of the market. Since, the pandemic disturbed industry actions, businesses changed their concentration towards cloud services to again start the function.

In addition, the unexpected swing to work-from-home procedure after the pandemic to make sure the security of human resources is more likely to steer the expansion of the market. The increasing amount of cyber assaults in diverse verticals for example retail & consumer goods, IT & telecommunication and BFSI, is furthermore anticipated to push the development of the market.

Vertical Insight

On the source of vertical, the market is subdivided in to manufacturing, government, BFSI, retail & consumer goods, IT & telecommunication plus others. The IT & telecommunication sector held above 20.0% revenue share and led the market, in 2020.

The IT businesses set up DevSecOps to assist computerize software operations, development and testing. It increases the product quality, decreases delivery time and makes better the client experience.

The BFSI sector is likely to develop by the maximum 25.7% CAGR, during the forecast period. The BFSI vertical has observed a major escalation in cyber intimidation and assaults during current years. The increasing liking for internet banking and mobile banking has additionally augmented the possibility of information infringement and intimidation, thus escalating the acceptance of DevSecOps.

Organization Insight

On the basis of organization, the market has been subdivided into large enterprise and small & medium enterprise. The large enterprise section held approximately 60.0% revenue share and led the DevSecOps Market, in 2020.

A number of important business verticals together with manufacturing, retail & consumer goods, IT & telecommunications, government & public sector, and BFSI are insistently taking on DevSecOps resolutions.

Large enterprises are the first acceptors of technologies to reduce overheads, make more efficient workflow, decrease the time of business process, plus improve quality as well as efficiency. Therefore, large enterprises are the most important acceptors of DevSecOps resolutions to make safe their functions.

The small & medium enterprise section is projected to increase by the maximum 26.4% CAGR during the forecast period. Owing to presented flexibility, quick deliverance of the application, and ease of use, small & medium enterprises are expected to gradually more take on DevSecOps resolutions. These benefits are likely to push the demand for DevSecOps within small & medium enterprises, during the forecast period.

Component Insight

The component section is split into services and software. The software section held more than 50.0% share and led the market, in 2020. This can be credited to the rising prerequisite for extremely safe incessant function deliverance.

The increasing inclination for the distant working, style throughout the Covid-19 pandemic, has furthermore augmented the possibility of information infringement and cyber intimidation. This is likely to impel the market.

The software section is projected to observe the maximum CAGR, throughout the forecast period. The increasing reputation of DevSecOps between the businesses, plus benefits like before time recognition of susceptibility, and safety, enhanced teamwork & contact between teams, quickness and better speed are the factors, anticipated to increase the demand for DevSecOps software, during forecast period.

Then again, the DevSecOps services section is likely to observe constant development during the forecast period. These services comprise professional services, consulting services and managed services. These services help in execution, evaluation and take care of safe product development by means of DevSecOps ability.

Deployment Insight

On the source of deployment, the market has been subdivided into cloud and on-premise. The on-premise section held above 60.0% revenue share and directed the market, in 2020.

On account of the rising worries regarding confidentiality safeguarding and safety of the information, a number of companies have a preference for on-premise deployment of these resolutions. Besides, on-premise resolutions can be effortlessly modified as per the necessity of the business and do not require an internet connection. The section is likely to observe stable enlargement, during the forecast period.

The cloud section is projected to increase by the maximum 25.7% CAGR, during the forecast period. The cloud deployment form assists several channels and devices, for example social media, smart phones and tablets. Moreover, cloud deployment benefits businesses by means of improved IT protection, scalability, augmented rapidity, and 24/7 services. These factors are estimated to increase the demand for cloud deployed resolutions, during the forecast period.

Regional Insight

In 2020, North America held above 30.0% revenue share of the general global DevSecOps Market. North America contains developed markets, like Canada and the U.S. The enlargement of the local market is supported by the before time as well as immediate implementation of the technologies like the Internet of Things (IoT) and cloud computing.

Moreover, the excessive acceptance speed of DevSecOps resolutions through a variety of businesses, together with retail, BFSI, and IT & telecommunications, in addition to the increasing incidences of information violation are directing the development of the market.

Asia Pacific is projected to enlarge by the maximum CAGR, during the forecast period. Asia Pacific is a native soil to several highest rising economies, like China and India. The increasing demands for the business and IT services plus the growing execution of cloud are the factors likely to boost the demand for DevSecOps, throughout the forecast period.

Besides, the progress of sophisticated infrastructure in addition to the rising acceptance of smart devices, smart phones, tablets plus the digital services within this state are expected to impel the local market.

Companies

The market is distinguished by the attendance of some well-known companies; it is the aggressive market. These companies are following development policies like planned affiliation; fresh product presentation and mergers & acquisitions to make stronger their market grip along with additionally expand. In addition, the major companies are spending for the modernization of centers and labs plus working together with a variety of research organizations to augment their share in the market.

Some of the companies for DevSecOps Market are:

• Riverbed Technology
• Microsoft Corporation
• Google LLC
• CA Technologies
• Synopsys
• Palo Alto Networks
• IBM
• Copado

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Million Insights has segmented the global DevSecOps market report based on component, deployment, organization, industry vertical, and region:

• Component Outlook (Revenue, USD Million, 2018 - 2028)
    • Software
    • Service

• Deployment Outlook (Revenue, USD Million, 2018 - 2028)
    • On-Premise
    • Cloud

• Organization Outlook (Revenue, USD Million, 2018 - 2028)
    • Small and Medium Enterprise
    • Large Enterprise

• Industry Vertical Outlook (Revenue, USD Million, 2018 - 2028)
    • BFSI
    • IT & Telecommunication
    • Government
    • Retail & Consumer Goods
    • Manufacturing
    • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa