DevSecOps Industry Overview
The global DevSecOps market size was valued at USD 2.79 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% from 2021 to 2028.
The increasing need for highly secure and faster application delivery can be attributed to the promising growth prospects for the market. Factors such as the growing internet penetration rate and rise in cybercrimes are also expected to contribute to the growth of the market. Furthermore, the continued rise in the number of businesses and applications migrating to the cloud, 5G rollouts, and Internet of Things deployments are also expected to favor the growth of the development, security, and operation (DevSecOps) market.
Gather more insights about the market drivers, restrains and growth of the Global DevSecOps Market
The COVID-19 pandemic and subsequent lockdowns and restrictions have had a moderate impact on the development, security, and operation market. As the pandemic disrupted business activities, businesses shifted their focus to cloud services to resume operations. Moreover, the sudden shift to work-from-home practices in the wake of the pandemic to ensure the safety of employees is further anticipated to drive the market growth. The rising number of cyberattacks in different verticals such as IT and telecommunication, BFSI, and retail and consumer goods is also expected to drive market growth.
The rising adoption of advanced technologies by small and medium enterprises and increased IT modernization efforts are expected to further create an opportunity for the market. Factors such as the rising demand for streamlining collaboration between teams, increased adoption of automation in software development and testing, heightened focus on security and compliance, and the rising adoption of microservices and service virtualization are also expected to work favorably for the market.
Rising investment in IT advanced technologies such as artificial intelligence, machine learning, the internet of things, and BYOD across enterprises could drive the market over the forecast period. Large data volumes are being exchanged within an organization that requires security is anticipated to result in the increased adoption of DevSecOps. However, resistance to the adoption of new tools and technologies may hamper the growth of the market.
Browse through Grand View Research's IT Services & Applications Industry Research Reports.
- Cloud Computing Market - The global cloud computing market size was valued at USD 368.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.7% from 2022 to 2030. The introduction of emerging technologies such as Artificial Intelligence (AI) and machine learning enables cloud growth by empowering companies to tap into AI capabilities.
- Managed Services Market - The global managed services market size was valued at USD 239.71 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.4% from 2022 to 2030. The outbreak of the COVID-19 pandemic, which has triggered the need for business automation as businesses aggressively resort to remote working, can be attributed to the growth.
DevSecOps Market Segmentation
Grand View Research has segmented the global DevSecOps market based on component, deployment, organization, industry vertical, and region:
DevSecOps Component Outlook (Revenue, USD Million, 2018 - 2028)
- Software
- Service
DevSecOps Deployment Outlook (Revenue, USD Million, 2018 - 2028)
- On-Premise
- Cloud
DevSecOps Organization Outlook (Revenue, USD Million, 2018 - 2028)
- Small and Medium Enterprise
- Large Enterprise
DevSecOps Industry Vertical Outlook (Revenue, USD Million, 2018 - 2028)
- BFSI
- IT & Telecommunication
- Government
- Retail & Consumer Goods
- Manufacturing
- Others
DevSecOps Regional Outlook (Revenue, USD Million, 2018 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
- March 2021: Capado announced that it had acquired NewContext, a multi-cloud DevSecOps service provider.
Key Companies profiled:
Some prominent players in the global DevSecOps market include
- CA Technologies
- Copado
- Google LLC
- IBM
- Microsoft Corporation
- PaloAltoNetworks
- Riverbed Technology
- Synopsys
Order a free sample PDF of the DevSecOps Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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