DevSecOps Market Expected to See Double-Digit CAGR in 2028 – Clark County Blog

Presentation of the DevSecOps market

The word DevSecOps or SecDevOps is a combination of development, operations, and security, and DevSecOps is a set of software development practices that are used to improve the delivery features of a system, such as speed, flexibility, reliability, security and scalability. DevSecOps is considered an evolved version of DevOps, which stands for software development for information technology (IT) operations. As the use of traditional security, control and ownership techniques can lead to failures in the digital world, an increasing number of IT organizations and businesses are undergoing digital transformation due to the adoption of services and of DevSecOps solutions.

DevSecOps is one of the latest trends in the IT industry. DevSecOps focuses on implementing the security aspect in all software development procedures, such as design, deployment, implementation, and maintenance, rather than just focusing on application security. The major players in the DevSecOps market are focused on various parameters of digital businesses, particularly cloud infrastructure and business agility, and aim to deliver new levels of development capacity, profitability and scalability for organizations of all sizes. sizes.

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DevSecOps Market – Notable Developments

  • In October 2018, IBM (International Business Machines Corporation) – an American multinational information technology company in the DevSecOps market – announced that it had entered into a definitive agreement under which the company will acquire Red Hat, Inc. – a multinational corporation. American software company and also a leading player in the DevSecOps market – for around US $ 34 billion. This acquisition is likely to drastically change the future of the DevSecOps market, as IBM is likely to become the world’s leading hybrid cloud provider after this acquisition. With the merger of two giants in the cloud business, the DevSecOps market is likely to undergo a major transformation in the years to come.
  • In June 2018, ThreatModeler Software Inc. – a leading provider of automated threat modeling solutions in the DevSecOps market – launched its new threat modeling solutions – Threat-Modeling-as-a-Service (TMaaS). The company announced that the unique “as a service»Benefits of TMaaS, such as flexibility of XaaS models and cost effectiveness.
  • In May 2018, Micro Focus International plc – a multinational software and information technology company in the DevSecOps market – announced the launch of its new IT Operations Management (ITOM) platform. The company also said that the ITOM platform is the very first IT operations platform to containerize microservices for the IT industry. The company further stated that the ITOM platform integrates DevOps with AIOps, which can be of great benefit for large scale hybrid IT environments as it improves the speed of service delivery.

Some of the largest competitors operating in the competitive landscape of the Global DevSecOps Market include –

  • IBM
  • Microsoft
  • Google
  • CA Technologies
  • Synopsys
  • MicroFocus
  • Dome9
  • Qualys
  • Entersoft
  • CyberArk
  • Splunk
  • Chef software
  • Rough Wave Software
  • PaloAltoNetworks
  • 4 armed
  • Algo Sec
  • Security contrast
  • Aqua security
  • Whitehat Security
  • Threat modeler
  • Check Marx
  • Puppetlabs
  • Sumological
  • Safety of the continuum

DevSecOps Market Dynamics

The emerging growth of the SME sector will redefine the target customers of the DevSecOps market

Large enterprises are leveraging their investment capabilities to integrate DevSecOps services to improve their business efficiency and security services to dominate the DevSecOps market at this time. However, despite the current dominance of leading companies as a leading segment of end user organizations in the DevSecOps market, small and medium businesses will emerge as a popular target customer base for DevSecOps vendors in the years to come.

Growing number of SMEs across the globe coupled with growing number of digitally operating SMEs will likely complement DevSecOps market growth not only in developed countries but also in developing countries across the globe. For example, in 2015 1.87 million SMEs were registered in the UK and by the end of 2016 an additional 100,000 start-ups had been added to the list, according to a report by the European Commission. Also in the United States, nearly 30 million SMEs have been registered to date, according to the United States Small Business Administration.

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Asia-Pacific region to create lucrative sales opportunities for DevSecOps market players

With the incremental industrial growth in the region, the Asia-Pacific region is expected to prove to be a very profitable regional market for DevSecOps vendors in the near future. A wide range of industrial sectors in the region are undergoing a digital transformation with rapid advancements in technologies, such as the Internet of Things (IoT), IT infrastructure services and cloud computing. A large number of organizations and enterprises have started adopting DevSecOps solutions and services in the Asia-Pacific region, which creates a positive growth environment for the players in the DevSecOps market.

In addition, the operations of at least 7 out of 10 micro, small and medium-sized enterprises (MSMEs) in Southeast Asian countries depend mainly on labor-intensive services, according to the report “ ASEAN Small and Medium Enterprises (SME) Policy Index 2018 ”. by the Association of Southeast Asian Nations (ASEAN). Thus, this is likely to create more lucrative opportunities for DevSecOps vendors to improve penetration and capture untapped resources in the Asia-Pacific region, in the years to come.

DevSecOps market segmentation

Based on the deployment of DevSecOps, the DevSecOps market is segmented into,

On the basis of organization size, the DevSecOps market is segmented into,

  • Large companies
  • Small and medium-sized enterprises (SMEs)

On the basis of the components of DevSecOps, the DevSecOps market is segmented into,

On the basis of end user industries, the DevSecOps market is segmented into,

  • Banking, Financial Services and Insurance (BFSI)
  • Information technology (IT) and telecommunications
  • Media and entertainment
  • Retail trade and consumer goods
  • Government and public sector
  • Manufacturing
  • Health and Life Sciences
  • Energy and utilities

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