Press Release Description

Global DevSecOps Market Expected to Cross USD 21 Billion Mark by Year 2030

The Global DevSecOps Market is projected to grow at a CAGR of 31.2% during the forecast period of 2024-30 and market size to exceed USD 21 billion by 2030, cites MarkNtel Advisors in the recent research report. The increasing emphasis on security within software development and IT operations is driving the growth of the Global DevSecOps Market. Sectors like BFSI, IT & Telecom, healthcare, retail, and government, organizations are embracing DevSecOps practices to enhance security and expedite software delivery. Majorly, this adoption trend is prevalent in countries known for their advanced IT infrastructure, including Germany, the US, Japan, South Korea, etc.

Additionally, the BFSI industry is currently experiencing a significant surge in the adoption of DevSecOps. This growth can be attributed to the sector's pursuit of innovation-driven expansion, a strong emphasis on digital payment solutions, and a growing shift towards mobile banking services. This transformation has led to the increased concerns regarding security and stricter compliance demands, making DevSecOps an essential component in addressing cybersecurity risks and subsequently driving its adoption.

Furthermore, as the BFSI sector continues to undergo evolution, the role of DevSecOps will become significantly vital in safeguarding sensitive financial data, thereby supporting the industry's growth, further states the research report, “Global DevSecOps Market Analysis, 2024.”

Global DevSecOps Market

Segmentation Analysis

Large Enterprise to Showcase Significant Adoption

Based on the organization size, the market is further bifurcated into, small and medium enterprises and large enterprises. DevSecOps is instrumental in the complex and expansive IT infrastructure of large enterprises, where it ensures control, security, and consistency due to its high complexity and scale. These organizations handle sensitive data and must adhere to stringent security and compliance regulations, which is driving them to aggressively adopt DevSecOps practices. This adoption ensures security integration throughout every development phase, guaranteeing regulatory compliance and safeguarding sensitive information.

Furthermore, large enterprises typically have substantial budgets at their disposal, which allows them to invest in advanced DevSecOps tools, comprehensive training programs, and dedicated teams. This financial capability is empowering them to successfully implement and sustain robust DevSecOps practices, leading to a notable increase in the adoption of this approach.

North America to Exhibit Astronomical Growth During 2024-2030

Geographically, the Global DevSecOps Market expands across North America, South America, Europe, the Middle East & Africa, and Asia-Pacific. Among them, North America stands out as a prominent adopter of DevSecOps practices, driven by its leading position in the global technology landscape. The region boasts a significant presence of telecommunications giants, manufacturing facilities, and the BFSI sector. Additionally, North America boasts a well-established IT infrastructure, including an extensive network of data centers.

The presence and influence of renowned tech companies like Amazon, Intel, Oracle, and others have cultivated a culture of innovation and fierce competition in North America. To maintain their competitive edge and stay at the forefront of technological advancements, organizations across the region are embracing DevSecOps practices.

Moreover, businesses in North America are deeply immersed in comprehensive digital transformations. This transformational journey has resulted in a substantial increase in data generation, making companies more susceptible to cyber threats. Consequently, DevSecOps, which inherently integrates development, security, and operations, has emerged as a crucial approach to effectively address the ever-evolving cybersecurity challenges. As a direct consequence of the accelerated digital transformation efforts undertaken by enterprises in North America, the region is expected to expand its market share on the global stage.

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, and others 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 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 have 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?

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