The global DevSecOps Market was valued at USD 4.79 Billion in 2022. According to Straits Research, the market is projected to grow from USD XX Billion in 2023 to USD 45.76 Billion by 2031, exhibiting a robust CAGR of 28.5% during the forecast period (2023–2031).
The rising emphasis on integrating security practices throughout the software development lifecycle is a key factor driving market growth. Organizations are increasingly recognizing the importance of security automation to combat cyber threats and ensure compliance with regulatory requirements.
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DevSecOps Market Size, Share and Growth
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Shift Towards Security-First Development: With increasing instances of cyberattacks, organizations are moving towards DevSecOps to integrate security from the initial stages of development.
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Automation of Security Testing: Automation tools for security testing, such as static and dynamic application security testing (SAST/DAST), are becoming mainstream, reducing manual efforts and improving efficiency.
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Cloud-Native Solutions: The adoption of cloud-based DevSecOps solutions is on the rise, especially among small and medium enterprises (SMEs) due to flexibility, scalability, and cost-effectiveness.
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Integration of AI and ML: The combination of artificial intelligence (AI) and machine learning (ML) within DevSecOps is enhancing security threat detection, predictive analytics, and overall process automation.
Market Drivers
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Growing Cybersecurity Concerns: Organizations are witnessing an increase in sophisticated cyberattacks, necessitating proactive security measures through DevSecOps practices.
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Rising Adoption of DevOps Practices: The widespread adoption of DevOps practices has led to the seamless integration of security features, boosting demand for DevSecOps solutions.
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Regulatory Compliance: Stringent regulations related to data privacy and security are compelling organizations to incorporate security at all stages of development.
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Cost-Efficiency of Security Automation: Automating security processes reduces long-term costs associated with breach incidents, enabling efficient resource utilization.
Market Opportunities
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Adoption in Emerging Markets: The increasing penetration of digital transformation in developing regions offers significant opportunities for DevSecOps solutions.
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Innovation in AI-Driven Security Tools: Continuous advancements in AI-driven security tools provide untapped potential for market players to offer innovative solutions.
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Demand for Cloud-Based Deployment: The shift towards cloud-based infrastructure presents a lucrative opportunity, particularly among SMEs looking for cost-effective solutions.
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Collaboration Between Development and Security Teams: The ongoing shift toward cross-functional collaboration between development and security teams is fostering a culture of continuous security improvement.
DevSecOps Market Segmentation
The DevSecOps market is segmented into the following categories:
1. By Component:
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Software
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Service
2. By Deployment:
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On-Premise
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Cloud
3. By Organization Size:
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Small and Medium Enterprises (SMEs)
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Large Enterprises
4. By Industry Vertical:
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BFSI (Banking, Financial Services, and Insurance)
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IT and Telecommunication
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Government
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Retail and Consumer Goods
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Manufacturing
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Others
List of Key Players
Prominent players driving the DevSecOps market include:
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CA Technologies
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Copado
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Google LLC
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IBM
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Microsoft Corporation
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Palo Alto Networks
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Riverbed Technology
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Synopsys
These players are focusing on strategic partnerships, mergers, acquisitions, and technological advancements to strengthen their market positions and meet the growing demand for integrated security solutions.
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Conclusion
The DevSecOps market is poised for significant growth, driven by the increasing need for security integration throughout the software development lifecycle. With advancements in automation, AI, and cloud technologies, businesses are actively adopting DevSecOps to mitigate security risks and ensure regulatory compliance. As organizations continue to prioritize secure and efficient software development, the DevSecOps market will experience sustained growth through 2031.
About Straits Research
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