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DevSecOps Market Research Report: By Component (Solution, Service), Enterprise (Large Enterprises, Small & Medium Enterprises), Deployment Type (On-Premises, Cloud), Vertical (BFSI, IT and Telecommunication, Healthcare, Government, Retail, Manufacturing, Energy & Utilities) - Industry Size, Share, Development, Growth, and Demand Forecast to 2030

  • Publishing: May 2021
  • Report Code: IM11927
  • Available Format: PDF

DevSecOps Market Overview

Increasing number of security breaches is a key factor driving the growth of the global DevSecOps market. In addition, growing emphasis on highly secure applications’ delivery and increasing focus on security and compliance are some of the other key factors supporting the market growth.

DevSecOps is a process of integrating security in every part of the development process to minimize vulnerabilities and bring security closer to information technology (IT) and business objectives. It offers several advantages to companies, including greater speed and agility for security teams, better collaboration and communication among teams, and early identification of vulnerabilities in code.

Based on the component, the DevSecOps market has been bifurcated into software and service, wherein the software category held larger market share in 2019. This is primarily due to the increasing adoption of DevSecOps software by companies to deliver high level of security in their applications. It helps companies to integrate security measures with minimal disruption to operations, which further enhance operational efficiencies.

In terms of deployment type, the DevSecOps market has been divided into on-premises and cloud. Of these, the cloud category is expected to witness faster growth during the forecast period (2020–2030). Cloud deployment offers increased scalability and speed, 24/7 service, and enhanced IT security. Moreover, as cloud deployment does not require any hardware investment, it further reduces the operational expenditure of companies.

On the basis of vertical, the DevSecOps market has been categorized into banking, financial services, & insurance (BFSI); IT and telecommunication; government; retail; manufacturing; energy & utilities; healthcare; and others. Among these, the BFSI category held the largest share in the market in 2019. Significant rise in data breaches in financial institutions is one of the key factors supporting the growth of the market in this vertical. To reduce the chances of data breaches, financial institutions are increasingly deploying DevSecOps software to integrate security into the entire testing, development, and delivery processes.

Based on the region, the DevSecOps market has been classified into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). Among these, the APAC market is expected to witness the fastest growth during the forecast period. Increasing technological advancements in developing countries primarily in China and India, rising IT spending, growing cloud adoption, and increasing number of data breaches are some of the key factors supporting the growth of the market in the region.

DevSecOps Market Dynamics

Drivers

Growing concern toward data security is one of the key factors supporting the growth of the DevSecOps market, across the globe. According to a study by NortonLifeLock Inc., in 2019, the number of reported breaches in the first half of 2019 increased by 54%, as compared to the first half of 2018. The most fateful consequence of a data breach is the financial loss incurred. As per the International Business Machines (IBM) Corporation’s Cost of Data Breach Report 2019, the average cost of a single data breach increased from $3.6 million in 2018 to $3.92 million in 2019, globally. Additionally, it also hampers the reputation of a company as it creates a negative impact on customers. It has been found that most of the data breaches occurred due to vulnerabilities in applications. As a result, software developers are considering adopting a secure systems development lifecycle (SDLC), which treats security as a core part of application development process, rather than an afterthought. Henceforth, companies are increasingly adopting DevSecOps software to implement more agile development practices with enhanced security. It helps companies to identify new vulnerabilities with code analysis, which analyzes how quickly they are being responded to and patched.

DevSecOps Market Competitive Landscape

With the presence of a large number of players, the DevSecOps market is highly competitive in nature. In recent years, market players have taken several strategic initiatives, such as mergers and acquisitions, partnerships, and product launches, in order to strengthen their position. For instance, in June 2018, ThreatModeler Software Inc. announced the launch of Threat-Modeling-as-a-Service (TMaaS) solution. It helps businesses to transform their cyber security and risk management requirements through automated, collaborative threat modeling. The collaborative threat modeling helps to identify and mitigate several potential threats, such as structural vulnerabilities and absence of appropriate safeguards.

Some of the key players operating in the global DevSecOps market include IBM Corporation, Micro Focus International plc, Microsoft Corporation, Google LLC, Synopsys Inc., ThreatModeler Software Inc., Qualys Inc., CyberArk Software Ltd., Entersoft Australia Pty Ltd., Splunk Inc., Sumo Logic Inc., Puppet Inc., Palo Alto Network Inc., Broadcom Inc., Dome9 Security Inc., 4ARMED Limited, Chef Software Inc., Contrast Security Inc., Rogue Wave Software Inc., Aqua Security Software Ltd., Checkmarx Ltd., Cloudpassage Inc., Continuum Managed Services Holdco LLC, and Whitehat Security Inc.

The report will also provide a country-wise analysis. Some of the major countries that are covered in the report include the U.S., Canada, the U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Mexico, Brazil, South Africa, Turkey, the U.A.E., and Saudi Arabia.

DevSecOps Market Size Breakdown by Segment

The DevSecOps market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Component

  • Software
  • Service
    • Professional
    • Managed

Based on Enterprise

  • Large Enterprises
  • Small & Medium Enterprises (SMEs)

Based on Deployment Type

  • On-Premises
  • Cloud

Based on Vertical

  • Banking, Financial Services, & Insurance (BFSI)
  • Information Technology (IT) and Telecommunication
  • Healthcare
  • Government
  • Retail
  • Manufacturing
  • Energy & Utilities

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Turkey
    • U.A.E.
    • Saudi Arabia
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