The global DevSecOps market generated $3,753.7 million in revenue in 2021; in 2022, it is projected to reach $4,373.4 million. With a predicted 17.6% CAGR from 2022 to 2032, DevSecOps is likely to experience a surge in demand across a range of industries, including BFSI, healthcare, IT & telecom, government, and manufacturing, reaching a value of US$ 22,077.4 million.
The DevSecOps set of guidelines and practises must be followed in order for the development team and operations team to collaborate on a software project. It is an addition to the DevOps software development methodology, and its objective is to generate secure software and applications from the very beginning of the software development phase.
DevOps has three different facets: continuous integration, which deals with the continuous development of programs, updates, changes, models, etc.; continuous delivery, which refers to the process of regularly testing and merging code with a repository; and continuous deployment, which refers to rolling out software to users.
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During the forecast period, the worldwide DevSecOps market is anticipated to have considerable growth due to the increasing demand for quicker and more secure application delivery as well as rising internet penetration.
Similar to how cybercrime is on the rise, DevSecOps software and services will be in high demand over the next few years as cloud-based services become more widely used.
Key Takeaways: DevSecOps Market
- By solution, the software segment held the largest market share with a total valuation of US$ 3,753.7 Mn in 2021. However, the services segment will exhibit the highest CAGR of 21.1% for the forecast period 2022-2032.
- By enterprise size, the large enterprise’s segment dominated the global DevSecOps market with a share of 55% in 2021. However, the small and medium-sized enterprises segment is estimated to grow at the fastest CAGR of 5% during the assessment period.
- By industry, the IT & telecom segment holds the largest market share while the healthcare industry will exhibit the highest CAGR of 1% through 2032.
- North America dominates the global DevSecOps market with a market share of 1% in 2021.
- The DevSecOps market in South Asia and Pacific is poised to exhibit a CAGR of 8% between 2022 and 2032.
- Demand for DevSecOps across India is anticipated to grow at a prolific CAGR during the assessment period.
According to FMI Analyst, “Instead of seeing DevSecOps as an integration between the development, security and operations team, one, should see it as a whole unit which consists of professionals who have their different fields of expertise and are collaborating together to deliver the product. Due to this collaboration, several internal practices like communication and transparency in the content being developed and deployed can benefit the organizations and make it one of the most implemented software development methods.”
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Delivering End-Product at a Faster Speed Along With the Integration of In-built Security Driving DevSecOps Market
Development of software systems and applications using DevSecOps methods implements various features like microservices and automation. There is also a continuous process of developing programs and updates which are stored into a central repository.
Involvement of the security team also helps in the rapid identification of bugs and security threats to act upon. Due to this the end product is received at a faster rate, incentivising the end-users to rely more on DevSecOps development methods.
More Valuable Insights on DevSecOps Market
In this report by Future Market Insights, DevSecOps market has been segmented into four sections: by solution: software (on-premises, and cloud), and services (professional services, and managed services), enterprise size (large enterprises, and small and medium-sized enterprises (SMEs)), industry (BFSI, IT and telecom, government, retail, manufacturing energy and utilities, healthcare and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and evaluate lucrative opportunities in the DevSecOps demand outlook.
DevSecOps Market by Category
By Solution:
- Software
- On-premises
- Cloud
- Services
- Professional Services
- Managed Services
By Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry:
- BFSI
- IT & Telecom
- Government
- Retail
- Manufacturing
- Energy and Utilities
- Healthcare
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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