According to the Cost of Data Breach Report 2019 published by the International Business Machines (IBM) Corporation, the average cost of a single data breach grew internationally from $3.6 million in 2018 to $3.92 million in 2019. As a result, businesses are utilizing DevSecOps software more frequently to achieve more agile development techniques with improved security. The market is therefore anticipated to generate significant amounts of revenue due to the increased adoption across the globe over the forecasted timeline.
Global DevSecOps Market was valued at USD 2.59 billion in 2021 and is expected to reach USD 23.16 billion by 2029, registering a CAGR of 31.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
The DevOps is a collection of software development strategies that automate operations and software development interactions. The systems development life cycle can be shortened by this automation while often distributing updates, features, and patches/fixes. DevSecOps, on the other hand, is the incorporation of security procedures into DevOps. Its acronym stands for operations, security, and development. Within an agile context, these approaches are concentrated on developing novel solutions for challenging software development processes.
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Competitive Landscape and DevSecOps Market Share Analysis
The DevSecOps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to DevSecOps market.
Some of the major players operating in the DevSecOps market are
- Broadcom (U.S.)
- IBM (U.S.)
- MicroFocus (U.K.)
- Synopsys (U.S.)
- Microsoft (U.S.)
- Google Inc., (U.S.)
- Check Point Software Technologies Ltd. (U.S.)
- Palo Alto Networks (U.S.)
- Qualys, Inc. (U.S.)
- Progress Software Corporation (U.S.)
- Threatmodeler (U.S.)
- Contrast Security (U.S.)
- CyberArk (Israel)
- Entersoft (Australia)
- Rogue Wave Software, Inc. (U.S.)
- Splunk Inc., (U.S.)
- 4ARMED LIMITED (U.K.)
- Aqua Security Software Ltd. (Israel)
- Check Marx Ltd., (Israel)
- Conntinuum Security Consultants Inc. (Spain)
- Synopsys, Inc. (U.S.)
Global DevSecOps Market Scope
The DevSecOps market is segmented on the basis of deployment type, component, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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DevSecOps Market Regional Analysis/Insights
The DevSecOps market is analyzed and market size insights and trends are provided by country, deployment type, component, organization size and vertical as referenced above.
The countries covered in the DevSecOps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the DevSecOps market because of the increasing adoption of these solutions across various medium and large enterprises within the region over the forecast period of 2022 to 2029. Moreover, the rising need for better and consistent security amid the growing need for application development and deliveries is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surging advancements as well as the adoption of emerging technologies such as cloud computing, Internet of Things (IoT) within the region. The increasing adoption across the small and medium-sized enterprises is a significant contributor to the regional market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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