Global DevSecOps Market Research Report: Forecast (2024-2030)

Market Definition

DevSecOps is an abbreviated term for development, security, and operations, which is a comprehensive approach to software development and deployment. It encompasses the automated infusion of security considerations throughout the software development lifecycle. This holistic process encompasses the stages of initial design, integration, testing, deployment, and software delivery. DevSecOps practices seamlessly integrate security measures for both applications and infrastructure into the Agile and DevOps methodologies, enhancing the overall security posture and efficiency of the development process.

Market Insights & Analysis: Global DevSecOps Market (2024-30):

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. In the past decade, the importance of security in software development has substantially increased due to the demand for agility and high quality. Owing to this, establishments across verticals like IT & telecom, BFSI, healthcare, and retail are integrating DevSecOps solutions to increase security and enhance software delivery speed. This surging adoption of DevSecOps tools is particularly notable in countries with advanced IT infrastructure like the US, Japan, China, and South Korea.

The BFSI sector is witnessing a shift towards digital payments and mobile banking, this subsequently has spurred security concerns and enhanced stricter compliance requirements. In line with this, implementing DevSecOps has become indispensable for resolving cybersecurity-related risks. Moreover, in the BFSI sector, many banks are gradually shifting their core functions and development environment to the cloud. The implementation of DevSecOps automation enables flawless amalgamation and management of cloud services. Owing to this, many banking institutions have been adopting DevSecOps solutions across the globe during 2019-2023.

Additionally, in the BFSI sector, the banks are under sustained competition with fintech firms. To maintain an upper edge, banking institutions are anticipated to enhance the usage of DevSecOps tools, which subsequently would enhance the market size during the forecast period. Moreover, in the IT and telecom sector, the adoption of DevSecOps services is expanding due to concerns about network security posed by emerging technologies like 5G, IoT, Artificial Intelligence, etc.

Furthermore, implementing DevSecOps exemplifies security in the development and deployment of services, which ensures resilience, and improves compliance with regulations. By using DevSecOps tools IT and telecom companies can maintain a competitive edge in a rapidly evolving landscape, while also safeguarding the processes against potential cybersecurity vulnerabilities, thus contributing in enhancing the market share in the forthcoming period.

Global DevSecOps Market Driver:

Growing Needs for Mitigating Security Vulnerabilities – Globally, the cyber security landscape has been constantly evolving, posing significant threats to establishments across verticals. As per cybercrime analytics firm, Spycloud, in 2023, almost 81% of establishments were affected by ransomware at least once. Most of these cyberattack numbers were carried out by comparatively small and agile ransomware gangs. These cyber security threats include a wide range of SQL injections, cross-site scripting, data breaches, insecure APIs, malware, phishing attacks, unpatched vulnerabilities, and unauthorized access among others.

Owing to this rapidly growing cyber threat scenario, software developers consider security as a major concern that is altering the process of software development. The developers consider these risks to be multifaceted, targeting sensitive data, the integrity of systems, and the privacy of users. DevSecOps security tools operate on the principle of early detection and resolution of security fragility to counteract the growing threat of unpatched vulnerabilities. Hence, as the underlying necessity for robust cybersecurity measures throughout the software development lifecycle is increasing, the demand for DevSecOps tools is also growing across verticals.

Global DevSecOps Market Opportunity:

Cloud Adoption by Enterprises Across Verticals – Enterprises across the globe are now extensively shifting from on-premise servers to cloud computing. With the extensive availability of public clouds, many enterprises have now started to rent and use cloud computing infrastructure & services. For instance:

• As per the European Commission, in Europe the adoption of cloud computing has increased by about 4% points from 2021 to 2023.

This growing adoption of cloud computing by enterprises is leading to a lot of security challenges arising from broader attack surfaces, complex hybrid and multi-cloud environments, etc. Hence, the rise of DevOps practices introduces a dynamic element into the cloud security landscape. Further, the increasing adoption of cloud computing would amplify the need for DevSecOps practices and address the unique security challenges presented by cloud environments.

Global DevSecOps Market Challenge:

Resistance to Adopt New Practices in the Development Cycle by Organizations – Organizations in different sectors often resist any changes that would impact the workflow. The implementation of DevSecOps tools is often associated with an operational shift in the software development lifecycle. Owing to this, establishments in certain verticals are hesitating to invest in new tools and technologies associated with DevSecOps. Moreover, at times there is limited expertise among small-scale organizations, in terms of security implementation practices, which further makes these organizations swift away from DevSecOps automation. This resistance and reluctance to change disrupt the adoption of DevSecOps practices and it is also slowing down its implementation across various verticals such as the public sector, healthcare, etc. Hence the hesitance from organizations in embracing DevSecOps is hindering the expansion of the market size.

Global DevSecOps Market Trend:

Adoption of Infrastructure as Code (IaC) – Infrastructure as Code (IaC), also known as software intelligence as code, is revolutionizing the management of IT infrastructure. The growing adoption of Infrastructure as Code (IaC) in DevSecOps represents a significant trend, that stems from the imperative need for speed and security in software development while addressing cost-efficiency concerns. IaC replaces traditional, expensive manual infrastructure management with automated, code-driven processes, therefore this framework has been profusely adopted by prominent financial institutions like Millennium BCP, Deutsche Kreditbank, and Washington Trust Bank, among others. This trend underscores the increasing recognition of IaC as a transformative force within the DevSecOps landscape. Furthermore, as organizations continue to prioritize speed and agility in software development, the efficiency gains offered by IaC would carry forward the trend of adopting Infrastructure as code (IaC).

Global DevSecOps Market (2024-30): Segmentation Analysis

The Global DevSecOps Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global levels. As per the analysis, the market has been further classified as:

Based on Organization Size:

• Small & Medium Enterprise
• Large Enterprise

Large enterprises have been at the forefront of adopting DevSecOps practices due to their complex IT infrastructure. DevSecOps is crucial in such intricate settings as it ensures control, security, and consistency across diverse systems. Large enterprises deal with sensitive data and stringent security and compliance regulations. Owing to this they have significantly adopted DevSecOps to integrate security into every development phase, ensuring compliance with these regulatory requirements and safeguarding sensitive information.

Furthermore, large enterprises have substantial budgets to allocate towards resources for advanced DevSecOps tools, comprehensive training programs, and dedicated teams. This financial strength allows them to implement and sustain robust DevSecOps solutions, subsequently leading to increased revenue growth from the segment.

Based on End User:

• BFSI
• IT & Telecom
• Manufacturing
• Healthcare
• Retail
• Media & Entertainment
• Others (Education, Tourism, etc.)

The IT & Telecom sector is emerging as a significant adopter of DevSecOps practices. During the past decade, establishments in the IT and telecom sectors have been constantly innovating and developing new software for different applications. This has enhanced the demand for more fast software development solutions, that also provide security. Owing to this, IT & telecom companies like Microsoft, Verizon, etc., have been significantly implementing these solutions from DevSecOps companies.

Additionally, companies in the IT and telecom sectors are the major targets of cyberattacks due to the vast amount of data they deal with. Owing to this, enterprises in the sector are strategically adopting DevSecOps tools from the biggest DevSecOps companies like IBM, Duplocloud, etc. This growing integration of security solutions in software development is anticipated to expand the overall market size of DevSecOps during the forecast period.

Global DevSecOps Market (2024-30): Regional Projection

Geographically, the Global DevSecOps Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America is showcasing noteworthy adoption of DevSecOps practices, due to the region's prominent position in the global technology landscape, with a significant concentration of telecommunication giants, manufacturing facilities, BFSI, etc. Along with this, North America also boasts a well-established IT infrastructure, featuring an extensive network of data centers. Additionally, in North America, the presence of major tech companies is enhancing software innovations due to aggressive competition. This has led many companies to adopt DevSecOps tools to maintain a competitive edge.

Furthermore, businesses in the region are deeply involved in extensive digital transformations. This is leading to a significant rise in data production, subsequently increasing susceptibility to cyber threats. Owing to this, DevSecOps, which inherently combines development, security, and operations, would become a crucial approach to address these evolving cybersecurity challenges effectively. Hence, the surging digital transformation of enterprises would enhance the share of the North DevSecOps Market.

Global DevSecOps Industry Recent Development:

• 2023: Veritas joined forces with Dynatrace to utilize partner programs aimed at incentivizing their respective channels to adopt cloud technologies. This joint effort offers partners training opportunities, empowering them to improve their skills in unified observability, security, AIOps, advanced DevSecOps, and CloudOps.
• 2022: AutoRabit launched a DevSecOps tool named CodeScan Shield for Salesforce environments to address security issues arising from policy changes and misconfigurations.

Gain a Competitive Edge with Our Global DevSecOps Market Report

• Global DevSecOps Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global DevSecOps Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.