DevSecOps Market Size, Share & Trends Analysis Report By Component (Software, Service), By Deployment (On-Premise, Cloud), By Organization (Small and Medium Enterprise, Large Enterprise), By Industry Vertical (BFSI, IT and Telecommunication, Government, Retail and Consumer Goods, Manufacturing, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global DevSecOps Market size was valued at USD 4.79 Billion in 2022. It is estimated to reach USD 45.76 Billion by 2031, growing at a CAGR of 28.5% during the forecast period (2023–2031). The growing requirement for more secure continuous application delivery and a greater emphasis on security and compliance are important growth drivers for the DevSecOps market growth.

DevSecOps is a set of methods and ideas that incorporate security from the start of the software development process. It combines the terms "Dev" (Development), "Sec" (Security), and "Ops" (Operations) to form a comprehensive approach to software development and security. DevSecOps' major purpose is to make security an intrinsic element of the software development lifecycle rather than a separate and late-stage consideration.

The market's excellent growth prospects can be ascribed to the growing demand for highly secure and speedier application delivery. Factors like increasing internet penetration and cybercrime are also projected to contribute to market growth. Furthermore, continuously migrating enterprises and apps to the Cloud, 5G rollouts, and Internet of Things deployments will likely boost the DevSecOps market share.

Market Dynamics

Global DevSecOps Market Drivers:

Rising Security Threats

The increasing frequency and sophistication of cyberattacks have compelled enterprises to emphasize security as a crucial component of their operations. Security breaches result in financial losses, harm an organization's brand, and destroy consumer trust. As a result of the escalating trend in data breaches, there has never been a more difficult period in history to start and run a successful business. As a result, DevSecOps has arisen as a proactive method for mitigating security concerns. 

According to forecasts, cybercrime would cost the global economy USD 10.5 trillion by 2025, a 15% growth yearly. Furthermore, according to IBM's Cost of a Data Breach Report, the global average data breach cost in 2021 was around USD 4.24 million. In reaction to the expanding threat landscape and the financial ramifications of security incidents, enterprises are embracing DevSecOps to detect and address security vulnerabilities early in development. This lessens the chance of breaches and the financial and reputational damage connected with security incidents. As a result, the DevSecOps market trend is likely to evolve.

Global DevSecOps Market Restraints:

Lack of Skilled Professionals 

The scarcity of experienced personnel with security, automation, and CI/CD expertise is a key barrier to DevSecOps adoption. DevSecOps necessitates a multidisciplinary approach, and finding employees with a mix of development, security, and operational expertise can be difficult. For example, a mid-sized financial services firm starts on a DevSecOps transformation. They understand the value of having security professionals who can do comprehensive security assessments, install security measures, and monitor the application for vulnerabilities. However, finding experts with essential security capabilities who also understand the complexities of DevSecOps development and operational components becomes a challenge. Delays in finding and onboarding such specialists impede the company's DevSecOps initiatives.

The 2022 (ISC)2 Cybersecurity Workforce Study identified a global cybersecurity workforce shortfall of 3.4 million; the total existing workforce is anticipated to be 4.7 million. Despite the addition of staff this year, the difference has widened. Due to a scarcity of skilled DevSecOps specialists, employees with the necessary expertise can expect lucrative compensation and perks. This demonstrates the importance that organizations focus on these talents.

Global DevSecOps Market Opportunity:

Integration of Artificial Intelligence and Machine Learning

Incorporating AI and ML in DevSecOps gives enterprises a tremendous chance to improve their security posture, detect threats proactively, and automate key security operations. By integrating AI and ML technology, organizations may obtain deeper insights into their security environment, increase threat detection, and respond to security incidents more efficiently. Gartner predicts that by 2025, half of all security operations jobs will be entirely automated utilizing AI, ML, and orchestration tools, up from less than 10% in 2020. This indicates the increasing use of AI and machine learning in cybersecurity.

Furthermore, top cybersecurity providers are working on AI-powered security solutions. These systems enable real-time threat detection and response and predictive analytics for predicting and mitigating possible threats. On the other hand, machine learning methods are increasingly being utilized for anomaly detection, which entails detecting unexpected patterns or behaviors in network traffic, user activity, and application behavior. Machine learning may detect variations from the norm that suggest a security threat. AI and machine learning (ML) technologies are being used to automate the response to security problems. In some circumstances, these technologies can assess the severity of an issue, provide repair activities, and even conduct automatic replies.

Regional Analysis

North America Dominates the Global Market

The global DevSecOps market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

North America is the most significant global DevSecOps market shareholder. North America comprises industrialized economies such as the United States and Canada. The regional market's growth is aided by the early and rapid adoption of technologies such as cloud computing and the Internet of Things (IoT). Furthermore, the high adoption rate of DevSecOps solutions across multiple industries, including BFSI, IT and telecoms, and retail, is driving market expansion, as is the increasing incidence of data breaches.

In addition, significant technological businesses are driving market expansion in the United States. There has been a sharp increase in data breach occurrences across the United States in recent years, and this trend is expected to continue during the projection period. For example, the LinkedIn data breach in 2021 exposed data from 700 million members, while the Twitter data breach exposed data from 5.4 million users. For these reasons, cyber security is a must in this country. Continuous security upgrades and bug patches can assist American businesses in avoiding data breaches and other cyber-attacks. Demand for DevSecOps solutions is predicted to expand rapidly across the United States over the forecast period.

Asia-Pacific is anticipated to exhibit impressive healthy CAGR over the forecast period. Some of the world's fastest-growing economies, such as India and China, are in Asia-Pacific. During the projected period, demand for DevSecOps is expected to rise due to the increasing usage of cloud technologies and the increased need for IT and business services.

Furthermore, the region's improved infrastructure development and increased adoption of smartphones, tablets, smart devices, and digital services are expected to fuel the regional market. India has the fastest-growing IT and telecom business and provides solutions and services to clients within and beyond the country, raising concerns about cyber security. According to a poll performed by Mezmo, a software firm based in the United States, DevSecOps deployment is currently low, but 62% of their respondents claimed that their organizations intend to implement it in the future.

Europe is expected to grow significantly according to DevSecOps market insights. Europe's market is a vibrant, expanding one that places a high priority on compliance and cybersecurity. DevSecOps strategies are used by European enterprises in many industry sectors to secure their digital assets while preserving the flexibility and creativity of their software development processes. Because of the strong legislative framework in Europe that prioritizes data security and privacy, DevSecOps is an essential part of overall business plans.

Segmental Analysis

The global DevSecOps market is segmented based on component, deployment, organizations, industry verticals, and region.

The component is further segmented into Software and Service.

Software Holds the major share of the market.

Software

DevSecOps software encompasses a variety of tools and solutions that aid in the automation of security procedures, the integration of security into the development pipeline, and the detection of vulnerabilities. These software solutions can cover many DevSecOps functions, including code scanning, vulnerability assessment, security policy enforcement, and incident response. The growing popularity of DevSecOps among enterprises, as well as benefits such as increased speed and agility, improved communication and cooperation across teams, early vulnerability detection, and security, are projected to drive demand for DevSecOps software over the projection period. 

Service

DevSecOps services include various professional services and skills that help firms implement DevSecOps processes. Consulting organizations, managed service providers, and in-house professionals provide these services.

Based on deployment, the market is sub-segmented into Cloud and on-premise.

On-premise occupies the highest market share.

On-premise

On-premise deployment entails installing and administering DevSecOps tools and infrastructure within an organization's data center or physical environment. In this model, organizations have complete control over their DevSecOps resources. Furthermore, on-premise DevSecOps systems do not require an internet connection and can be easily adapted to the needs of the business. The section is predicted to increase steadily over the forecast period.

Cloud

Cloud deployment refers to the usage of cloud-based DevSecOps tools and services. Organizations use cloud platforms and services, often provided by third-party cloud service providers, to construct and manage their DevSecOps infrastructure.

Based on organizations, the market is classified into small and medium enterprises, and large enterprises.

Large Enterprise is the major income generator in the market.

Large Enterprise

Large enterprises are distinguished by their large employment base, huge income, and wide global operations. These organizations are frequently complex in form and have a wide range of uses. Large enterprises are early adopters of technology that improve quality and efficiency, shorten business operations time, streamline workflow, and save expenses. As a result, large enterprises are the most aggressive users of DevSecOps solutions to secure their apps. Furthermore, as the frequency of security breaches/cybercrimes grows, so does the usage of DevSecOps in large enterprises.

Small and Medium Enterprise

Their lower employee count and income often distinguish SMEs from large enterprises. Startups, growing firms, and mid-sized businesses are examples of these organizations.

Industry verticals can further bifurcate the segment into BFSI, IT and Telecommunication, Government, Retail and Consumer Goods, and Manufacturing.

IT and Telecommunication influenced the market growth.

IT and Telecommunication

IT and telecommunications companies continually create new applications, software, and communication technologies. DevSecOps is used in the IT industry to help automate software development, testing, and operations, which improves product quality, customer experience, and delivery time. DevSecOps solutions also assist the business in resolving challenges with release deadlines and software quality. The increasing frequency of cyberattacks and increased awareness of the benefits of DevSecOps may drive demand for DevSecOps in the IT and telecom industries.

BFSI

The banking, financial services, insurance, and allied businesses are all part of the BFSI industry. It deals with highly sensitive consumer data, transactions, and financial data.

Recent Developments

• September 2023- Copado introduced the Copado 1 Platform, the industry's first turnkey end-to-end DevOps solution for Enterprise SaaS.
• October 2023- For SAP ABAP developers, the ABAP SDK for Google Cloud now supports 40+ more APIs, an extra authentication mechanism, and increased developer productivity.
• October 2023- EY and IBM launched AI solution designed to help increase productivity and drive efficiencies in human resources.