What Is The Scope Of The Global DevSecOps Market?
DevSecOps is a methodology that integrates security practices into DevOps processes, aiming to ensure that security is prioritized throughout the software development lifecycle. It emphasizes building security into the development process from the start, rather than treating it as an isolated step at the end of development cycles.
DevSecOps Global Market Report 2024 provides data on the global devsecops market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The devsecops market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global DevSecOps?
The DevSecOps market has witnessed substantial expansion in recent years. Its value is expected to grow from $5.52 billion in 2023 to $7.07 billion in 2024, reflecting a compound annual growth rate (CAGR) of 28%. This historical growth has been driven by increasing demand for on-premises solutions among large enterprises, the need for secure continuous application delivery, greater awareness of DevOps and cloud benefits, rising security breaches, and the adoption of IoT, AI, and machine learning in manufacturing. Looking ahead, the market is anticipated to grow exponentially, reaching $19.09 billion by 2028 at a CAGR of 28.2%. This forecasted growth is attributed to factors such as expanding internet usage, a rise in cybercrime, growing compliance with security regulations, increasing cloud service adoption, and rapid digitization. Key trends include technological innovations, SME adoption of advanced technologies, advancements in cloud computing, 5G penetration, and investments in IT advancements.
What Factors Are Driving Growth In The DevSecOps Market?
The growth of the DevSecOps market is expected to be driven by the rise in cybercrime. Cybercrime involves the illegal use of computers, networks, and digital technologies. The widespread use of the internet has increased opportunities for cybercriminals to exploit vulnerabilities in interconnected systems. DevSecOps helps mitigate cybercrime by integrating security measures throughout the software development process, addressing potential vulnerabilities early. For example, in September 2023, AAG, a UK-based IT services provider, reported that 39% of UK businesses experienced a cyberattack in 2022, while 53.35 million individuals in the United States were affected by cybercrime in the first half of the same year. Therefore, the increasing incidence of cybercrime is fueling the growth of the DevSecOps market.
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What Are The Main Segments Of The Global DevSecOps Market?
The devsecops market covered in this report is segmented –
1) By Component: Solution , Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Applications: BFSI, IT And Telecommunications, Healthcare, Retail, Government, Manufacturing, Media And Entertainment, Other Applications
What Emerging Trends Are Influencing The Growth Of The DevSecOps Matket?
Leading companies in the DevSecOps market are developing advanced technologies, such as software automation solutions, to provide customers with enhanced features. Software automation solutions replace manual processes with streamlined, automated workflows, improving efficiency and accuracy. For example, in May 2022, JFrog Ltd., a US-based provider of a hybrid DevOps platform, launched JFrog Connect. This solution helps developers manage, monitor, update, and secure remote Linux and IoT devices. JFrog Connect offers fleet visibility, resource monitoring and alerts, accelerated troubleshooting, and DevOps capabilities for connected devices. It integrates with other JFrog tools, such as Artifactory and Xray, to provide a complete solution for IoT edge deployments.
What Is The Largest Region In The DevSecOps Market?
North America was the largest region in the devsecops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the devsecops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
