31.2% CAGR Predicted: Global DevSecOps Market Size, Share, Growth Trends and Competitor to Watch

Latest Market Study report by MarkNtel Advisors: Leading market research company, Title “Global DevSecOps Market- By Offering (Solution, (Service, Professional, Managed)), By Deployment, (On-Premise, Cloud), By Organization Size (Small & Medium Enterprise, Large Enterprise)” and other forecast 2024-30”.

This detailed report provides a thorough look at the industry, covering key aspects like the DevSecOps Market Size, its growth in share, development, and the top companies involved. It examines what's driving the market, using historical, current, and projected data, as well as emerging trends, technology updates, important insights, recent developments, potential limitations, and other factors that will influence the industry's direction in the future.

How Much is the DevSecOps Industry Worth?

Global DevSecOps Market size is estimated to grow at a CAGR of around 31.2% during the forecast period, i.e., 2024-30. The global market size of DevSecOps is expected to exceed USD 21 billion by 2030.

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Factors Influencing the Growth of the DevSecOps Industry:

Increasing Need to Mitigate Security Vulnerabilities to Augment the Market Growth – The landscape of cyber threats is constantly evolving and expanding, posing significant challenges to organizations and individuals alike. For instance, as per Check Point, a global IT security provider, Global cyberattacks increased by 38% in 2022, compared to 2021. These cyberattack numbers were driven by smaller, more agile hackers and ransomware gangs.

The escalating cyber threat landscape has reshaped software development, making security a paramount concern. These cyber security threats encompass a wide array of concerns, including data breaches, insecure APIs, SQL injections, cross-site scripting, malware, phishing attacks, unpatched vulnerabilities, poor password policies, insufficient logging, and unauthorized access. These risks are multifaceted, targeting sensitive data, the integrity of systems, and the privacy of users, underscoring the necessity for robust cybersecurity measures throughout the software development lifecycle.

In line with this, dynamic threat environment, the adoption of DevSecOps has witnessed a significant surge in software development practices. As DevSecOps operates on the principle of early detection and resolution of security weaknesses to counteract the looming threat of unpatched vulnerabilities, its use is constantly rising across various end-user industries globally.

Competitor Insight - Global DevSecOps Market

In the market competitor analysis section, we examine how different companies are performing compared to each other. We look at their strengths and weaknesses to understand who is doing well and why. This helps us see what strategies are working and what changes might be needed to stay competitive. key players are included in this report: - CA Technologies, Google LLC, IBM, Microsoft Corporation, Synopsys, PaloAltoNetwork, DuploCloud, Micro Focus, Veritas, Checkpoint, Accenture, Autorabit, Sophos, Oxeye, Veracode, and others.

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Segmentation Summary - DevSecOps Market

The breakdown of the DevSecOps market into different segments provides a quick overview. It helps businesses understand what customers prefer and where they are located. By dividing the market into smaller groups based on purchasing habits and geography, companies can improve their business strategies. This summary offers a straightforward guide to better understanding the market.

By Offering

Solution - Market Size & Forecast 2019-2030, (USD Million)
Service - Market Size & Forecast 2019-2030, (USD Million)
- Professional - Market Size & Forecast 2019-2030, (USD Million)
- Managed - Market Size & Forecast 2019-2030, (USD Million)

By Deployment

On-Premise- Market Size & Forecast 2019-2030, (USD Million)
Cloud- Market Size & Forecast 2019-2030, (USD Million)

By Organization Size

Small & Medium Enterprise- Market Size & Forecast 2019-2030, (USD Million)
Large Enterprise- Market Size & Forecast 2019-2030, (USD Million)

By End User

Banking Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030, (USD Million)
IT & Telecom- Market Size & Forecast 2019-2030, (USD Million)
Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
Healthcare- Market Size & Forecast 2019-2030, (USD Million)
Retail- Market Size & Forecast 2019-2030, (USD Million)
Media & Entertainment- Market Size & Forecast 2019-2030, (USD Million)
Others (Education, Tourism, etc.)- Market Size & Forecast 2019-2030, (USD Million)

Geographically Insight: Global DevSecOps Market

Geographically, the DevSecOps Market expands across:

North America
South America
Europe
Middle East & Africa
Asia-Pacific

Among them, North America is showcasing noteworthy adoption of DevSecOps practices, due to the region's prominent position in the global technology landscape, with a significant concentration of telecommunication giants, manufacturing facilities, BFSI, etc. Along with this, North America also boasts a well-established IT infrastructure, featuring an extensive network of data centers.

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