Press Release

Global DevSecOps Market to Reach USD 18.78 Billion & Register a CAGR of 15.77% by 2030

The Global DevSecOps Market size was valued at USD 5.98 billion in 2023 & is projected to reach USD 18.78 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 15.77% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. During 2019-2023, companies across different verticals have significantly enhanced their focus on security in software development. This has made establishments with advanced IT infrastructure in countries like the US, Japan, Singapore, etc., substantially integrate DevSecOps tools into their software development cycle.

IT & telecom sector, establishments are also playing a major role in expanding market size, as they are considerably adopting DevSecOps automation to maintain an upper hand in the landscape. Moreover, network security threats posed by emerging technologies like IoT and Artificial Intelligence are also enhancing the adoption of DevSecOps tools in IT enterprises. Furthermore, the BFSI sector companies are witnessing increased security challenges and stricter compliance requirements due to security concerns posed by digital payments and mobile banking. Owing to this, organizations in the BFSI sector are implementing DevSecOps solutions for resolving cybersecurity-related challenges in the software development lifecycle.

Additionally, banks are facing stringent competition from fin-tech companies in North America and Asia-Pacific. Hence, to maintain a competitive edge banking organizations are anticipated to enhance the integration of DevSecOps security tools, which would substantially expand the market size during the forecast period, further states the research report, “Global DevSecOps Market Analysis, 2024.”

Global DevSecOps Market Segmentation Analysis

IT & Telecom Sector to Showcase Considerable Adoption of DevSecOps During the Forecast Period

Based on the end-user segment, the market is further bifurcated into, BFSI, IT & Telecom, Manufacturing, Healthcare, Retail, Media & Entertainment, and others. Of them all, the IT & Telecom sector is one of the major end users which has significantly enhanced the market size of DevSecOps. The companies deal with crucial data that too in huge amounts, owing to this, establishments in this sector are a major target of cyberattacks.

In line with this, enterprises in the sector have been increasingly integrating DevSecOps security tools for different application development. Moreover, in the IT sector, there is a continuous need for new software applications, platforms, and services due to rapid digitalization. Owing to this, the demand for DevSecOps in the IT & telecom sector is anticipated to showcase a noteworthy growth rate.

North America to Hold Substantial Market Share

North American region’s significant position in the global technology landscape due to a considerable number of telecommunication giants, retail chains, BFSI, etc., combined with its well-established IT infrastructure has led to substantial demand for DevSecOps tools.

Moreover, the region has a large number of tech companies engaged in fierce competition. Of these many small and large companies are gradually enhancing the pace of DevSecOps implementation to gain a competitive edge over each other. Along with this, businesses in North America are undergoing rapid digital transformation, which subsequently is enhancing the vulnerability to cyberattacks. As a result, companies are inherently adding DevSecOps tools to address these evolving cybersecurity challenges in software development.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including CA Technologies, Google LLC, IBM, Microsoft Corporation, Synopsys, PaloAltoNetwork, DuploCloud, Micro Focus, Veritas, Checkpoint, Accenture, Autorabit, Sophos, Oxeye, Veracode, etc., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global DevSecOps Market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?