DevSecOps Market size was over USD 4.36 billion in 2023 and is set to reach USD 69.96 billion by the end of 2036, witnessing around 23.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of DevSecOps is assessed at USD 5.19 billion.
The growth of the market can be attributed to need for higher secure continuous application delivery along with the increased focus on enhanced safety and security of data. Moreover, with the rise in the security breaches and there has been a significant growth in the higher secure continuous application delivery which is expected to have a positive impact on the market. The goal of DevSecOps is to bridge Development and Operations for a faster time-to-market and rapid customer satisfaction and feedback. In many DevOps implementations and practices, security often ends up being the late comer, delaying the process of release and thus impeding all the benefits of DevOps and Agile software development. According to a recent data published by Breach Level Index, roughly 10 billion records have been breached since 2013 while the average total cost of a data breach is $3.86 million.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024–2036 |
|
CAGR |
23.8% |
|
Base Year Market Size (2023) |
USD 4.36 billion |
|
Forecast Year Market Size (2036) |
USD 69.96 billion |
|
Regional Scope |
|
On the basis of organization size, the DevSecOps market is segmented into small & medium enterprise and large enterprise. Large enterprise accounts for maximum share owing to large spending on their system security. The small & medium enterprise is expected to have the highest CAGR owing to the fact that large amounts of data breach activities taking place across various industry verticals.
On the basis of deployment, the market is segmented into cloud and on premise. The cloud segment occupies a larger market share in the deployment segment owing to the fact of ease of accessibility and connectivity with respect to on premise.
On the basis of industry vertical, the market is further segmented into BFSI, IT and Telecommunications, Manufacturing, Government & Public Sector, Energy and Utilities, and Others. The BFSI sector is expected to occupy the largest market share in the industry vertical owing to recent increase in fraudulent activities across the globe.
Our in-depth analysis of the global market includes the following segments:
|
Component |
|
|
Deployment |
|
|
Organization Size |
|
|
Industry vertical |
|
Geographically, the DevSecOps market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America industry is likely to hold largest revenue share by 2036, owing to rise in fraud related activities in the banking sector, along with growth in IT infrastructure. which is one of the major driving factors for market growth. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to rapid advancement in cloud computing, use of Internet of Thing and vast IT infrastructure services in the region. Along with this, the North America also leads in terms of technological advancement and surplus demand for secure software development, which is also expected to contribute to the market growth in the region. As per the analysis of CompTIA’s Cyberstates, United States is the largest tech market in the world, representing 33% of the total, or approximately $1.6 trillion for 2021. Alternatively, the market in Europe is also anticipated to occupy a significant share in the market on account of its high adoption rate of cloud technologies and huge customer base in the region. The DevSecOps market in Middle East & Africa is also expected to grow owing to large number of multi-national companies which have set up their business activities in the region.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?