Global Development-Security-Operations (DevSecOps) Market Report 2021: Increased Risk Of Vulnerabilities In The Context Of Industry 4.0 Rise In Connected Devices Boosts Demand For DevSecOps – ResearchAndMarkets.com
Global DevSecOps Market To Reach $ 17 Billion By 2026
The global market for DevSecOps is receiving a strong growth impulse with the ongoing digitalization which has allowed security to take advantage of the limelight when it comes to application development.
DevSecOps is expected to record notable gains in the post-COVID-19 era due to the growing attention from organizations to embed security at all stages of application development. The concept is seeing increased spending on advanced automation tools aimed at integrating security into development processes and reducing overheads of various security-related tasks, such as code audits, threat modeling, application instrumentation and vulnerability analysis.
The market is poised to receive major support from key technologies such as machine learning and artificial intelligence. These technologies are an integral part of various automated processes used by DevSecOps.
Amid the COVID-19 crisis, the global DevSecOps market estimated at US $ 2.9 billion in 2020 is expected to reach a revised size of US $ 17 billion by 2026, growing at a CAGR of 33.1% over the analysis period. Services, one of the segments analyzed in the report, is expected to grow at a CAGR of 34.4% to reach $ 13.1 billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Solutions segment is readjusted to a revised CAGR of 31.3% for the next 7 year period. This segment currently represents a 42.6% share of the global DevSecOps market.
The US market is estimated at $ 1.4 billion in 2021, while China is expected to reach $ 2.8 billion by 2026
The DevSecOps market in the United States is estimated at US $ 1.4 billion in 2021. The country currently accounts for 34% of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 2.8 billion in 2026, with a CAGR of 40.4% during the analysis period.
Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 26.2% and 28% respectively over the period of analysis. In Europe, Germany is expected to grow by around 28.6% CAGR while the rest of the European market (as defined in the study) will reach $ 3.7 billion by 2027.
Asia-Pacific is expected to present attractive opportunities for DevSecOps vendors due to the growing adoption of the cloud associated with DevSecOps services and tools. The region is experiencing rapid advancements in cloud computing, Internet of Things technology, and IT infrastructure solutions that are driving businesses to adopt DevSecOps services and solutions.
Main topics covered:
1. MARKET OVERVIEW
Impact of Covid-19 and an impending global recession
2020: a year of disruption and transformation
As the virus-vaccine race intensifies, where the global economy is heading in 2021
Transition to digital technologies improves prospects for cybersecurity technologies and solutions
COVID-19 gives strong impetus to DevSecOps initiatives
Ranking the factors driving DevSecOps initiatives for organizations
DevSecOps: an introduction
Benefits with a DevSecOps Software Development Environment
Key differences between DevOps and DevSecOps
Outlook: The Urgent Need for High Security and Agility in Applications Brings the DevSecOps Market to an Exciting Stage