Valued at $ 17 billion by 2026, DevSecOps is expected to experience robust growth globally
SAN FRANCISCO, August 24, 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “DevSecOps – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE Editing: 4; Posted: August 2021 Executive pool: 573 Companies: 81 – Players covered include 4ARMED Limited; AlgoSec; Aqua Security Software Ltd; Broadcom; CA Technologies; Checkmarx Ltd; Chef software; CloudPassage; Safety of the continuum; Contrast Security; CyberArk Software Ltd; Dome9 Security; Entersoft; Google LLC; IBM Corporation; MicroFocus; Microsoft Corporation; Palo Alto Networks Inc; Puppet; Qualys Inc; Rogue Wave Software Inc; Splunk Inc; Sumo Logic; Synopsys Inc .; WhiteHat Security and others. Blanket: All major geographies and key segments Segments: Component (Services, Solutions); Deployment (on-premise, cloud); Vertical (BFSI, IT & Telecommunications, Manufacturing, Government & Public Sector, Retail & Consumer Goods, Energy & Utilities, Other Verticals) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global DevSecOps Market to Reach $ 17 billion by 2026 DevSecOps or Development-Security-Operations is an approach that automates the integration of security at all stages / levels of the software development lifecycle, from initial design, integration, testing and deployment through to delivery of the developed software. 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 to integrate security into development processes and reduce 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.
In the midst of the COVID-19 crisis, the global DevSecOps market is estimated to be US $ 2.9 billion in 2020, is expected to reach a revised size of US $ 17 billion by 2026, with 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 US $ 13.1 billion at 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, when China is expected to reach $ 2.8 billion by 2026 The DevSecOps market in the United States is estimated at 1.4 billion US dollars in 2021. The country currently represents a 34% share of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of 2.8 billion US dollars during the year 2026, with a CAGR of 40.4% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 26.2% and 28% respectively during the analysis period. 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 US $ 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. Following
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