Global DevSecOps Market Overview

The Global DevSecOps Market size is expected to grow from USD 7.59 billion in 2023 to USD 100.11 billion by 2032, at a CAGR of 33.19% during the forecast period (2024-2032).

DevOps includes software development methods that make operations and interactions in software development more efficient. Automation can shorten the systems development life cycle by distributing updates, features, and patches/fixes at a higher frequency. Conversely, DevSecOps is about incorporating security practices into DevOps. The acronym stands for operations, security, and development. In an agile setting, the priority is to generate creative solutions for challenging software development procedures.

DevSecOps focuses on improving customer results and mission worth through. Automating, monitoring, and implementing security across every phase of the software development lifecycle. Participating in DevSecOps requires a range of specific tools and a variety of tasks. Rely on these instruments. This document elaborates on the interconnectedness of each phase in DevSecOps. Categorization of tools that help in a particular step, along with the variety of tasks that occur in each stage associated with the tool that supports the task. By including security testing throughout the entire software development life cycle, DevSecOps helps identify and fix security flaws early. This can help prevent costly security breaches. Automating security testing with DevSecOps can speed up the software delivery process. DevSecOps promotes strong teamwork between development, security, and operations groups. This can help break down barriers and improve communication. Discovering security vulnerabilities earlier through DevSecOps can result in reduced costs for addressing issues. 

Key Factors And Market Dynamic In DevSecOps Market

Drivers:

Improved, proactive security

DevSecOps starts the development cycle with cybersecurity processes in place. The code is reviewed, audited, scanned, and tested for security concerns throughout the development cycle. As soon as these issues are detected, they are addressed. Before adding more dependencies, security issues are addressed. When protective technology is identified and applied early in the cycle, security vulnerabilities become less expensive to resolve. Furthermore, increased collaboration across development, security, and operations teams enhances an organization's response time to incidences and problems. DevSecOps practices shorten the time it takes to patch vulnerabilities, allowing security teams to focus on other important tasks. These practices also ensure and simplify compliance, avoiding the need to retrofit application development projects for security thus, strengthening the expansion of the DevSecOps market.

Automation compatible with modern development

If a firm employs a continuous integration/continuous delivery pipeline to deploy its software, cybersecurity testing can be integrated into an automated test suite for operations teams. Security check automation is heavily influenced by project and organizational goals. Automated testing can verify that incorporated software dependencies have been patched to the right levels and that security unit testing has been completed successfully. It may also verify and secure code using static and dynamic analysis before releasing it to production, therefore, boosting the expansion of the DevSecOps market during the projected timeframe.

Restraints:

Difficult to find design vulnerabilities

The DevSecOps methodology is largely based on the Agile system and employs many of its techniques, with one of the agile development method's main principles being is to focus on generating the initial app as fast as possible. This is because the app is improved based on client feedback. As a result, developers do not create documentation throughout the early stages of the development process. Furthermore, the app developers do not create a design before beginning development. As a result, identifying design flaws is becoming increasingly difficult and time-consuming thereby, hampering the expansion of the DevSecOps market over the projected timeframe.

Opportunities:

Connected Cars

With most new models featuring wireless Apple CarPlay or Android Auto, AUX cords are nearly obsolete. Malicious actors will target hyperconnected cars since they can hold large amounts of valuable data captured by cameras, lasers, and other sensors for ransom. The demand for smart car data is already significant, and supply is keeping up; Toyota estimates that connected cars will generate 10 exabytes of data per month. To secure and future-proof connected cars, a solid vendor partnership is essential. Initiatives like the Mobility in Harmony (MIH) Consortium's Open EV Software Platform, backed by Arm, Microsoft, and Trend Micro, are laying the groundwork for the car industry to establish a specific operating system for smart vehicles. As the number of connected cars is expected to reach 400 million by 2025 (Statista), the demand for data security will also increase thus, creating a lucrative opportunity for the market players.

Market Segmentation

Segmentation Analysis of DevSecOps Market:

By Component, the services segment is anticipated to lead the growth of the DevSecOps market during the projected period. This segment is anticipated to register a CAGR of 34.4% over the forecast period. The purpose of employing DevSecOps services is to patch holes between IT and security while ensuring that code is delivered safely and quickly. It is possible to remedy the holes at an early stage and a low cost by integrating the Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST) tools into the Continuous Delivery procedures. thus, supporting the development of the segment.

By Security, the cloud segment is predicted to dominate the DevSecOps market. The majority of prominent companies strive to provide high-performance, highly-scalable digital services that are built on tailored modern architectures. Modern architecture models are being built on a stack of advanced tiers, technologies, and microservices, backed by market-leading cloud platforms like AWS, GCP, and Azure. Above and beyond all of these modern services, security remains a major issue for the majority of them. DevSecOps for Cloud Security is a quite certain way to solve the problem thus, propelling the growth of the segment in the forecasted timeframe.

By Industry Vertical, the BFSI sector is projected to have the lion's share of the DevSecOps market over the projected period. Companies in the banking sector are experiencing a variety of digital transformation projects, which, while necessary to remain competitive, can also cause issues. If not addressed, using new application design methodologies and navigating cloud migrations might result in intelligence gaps, threatening the security and reliability of all digital banking services. These issues can be mitigated with the usage of DevSecOps as well it can help the banking sector to detect the errors way before they arise thus, strengthening the development of the segment.

Regional Analysis of DevSecOps Market:

The North American region is anticipated to have the highest share of the DevSecOps market over the forecast period attributed to the growing cyber security concern. Companies were compelled to migrate to the cloud, due to the fast shift to the work-from-home (WFH) model. According to Gartner, global cloud services investment would exceed USD 482 billion in 2022, up 54% from 2020. Cybercriminals will undoubtedly transfer their attacks to the cloud as their spending and users rise. To prevent cloud breaches, tech companies are investing heavily. IBM, Microsoft, Oracle, Amazon, Block, Apple, Facebook, and Alphabet are some of the tech giants headquartered in the United States. To prevent cybercrimes these market giants are developing innovative DevSecOps solutions thus, propelling the growth of the market in this region.

The European region is anticipated to have the second-highest share of the DevSecOps market during the projected timeframe. Industry 4.0 revolution compelled industries to automate most of the manufacturing as well as other processes. The automation resulted in the integration of sensors and other IoT devices. The data generated by these devices was mainly stored on the cloud as it eliminates the expenses on hardware storage options. To protect the data stored on the cloud, service providers started utilizing DevSecOps thus, boosting the growth of the market in this region.

The DevSecOps market in the Asia-Pacific region is anticipated to develop at the highest CAGR during the forecasted timeframe attributed to the developing IT sector. The growing IT sector and the integration of digital services by banking institutions are the two main factors stimulating the high growth of the DevSecOps market. As the integration of technology increases the demand for the secure transmission of data also rises. The data generated by the banking sector is highly sensitive and any loss of data may pose a threat thus, the banking sector is investing heavily in DevSecOps to secure data. The IT sector utilizes DevSecOps to test the functioning of the newly developed application and to resolve the issue even before it rises thus, strengthening the development of the market in this region. 

Players Covered In DevSecOps Market are:

• Zevenet (Spain)
• CA Technologies (US)
• Cloudflare Inc. (US)
• Joyent (US)
• IBM (US)
• Synopsys (US)
• Microsoft (US)
• Inlab Software (Germany)
• Google (US)
• Dome9 (US)
• Riverbed Technologies (US)
• MicroFocus (UK)
• Fastly (US)
• Avi Networks (US)
• Dialogic (US)
• Array Networks (US)
• keyfactor (US)
• Nous Infosystems (US) and other major players.

Recent Industry Developments in DevSecOps Market

• In March 2024, Microsoft Corp. is partnering with NVIDIA to leverage generative AI, cloud computing, and advanced computing capabilities in healthcare and life sciences organizations. The partnership will combine Microsoft Azure's global scale, security, and advanced computing capabilities with NVIDIA DGX Cloud and NVIDIA Clara suite of computing platforms, software, and services. The goal is to accelerate clinical research, enhance medical image-based diagnostic technology, and increase access to precision medicine.

• In August 2023, Synopsys, Inc. announced the details around two new collaboration agreements with NowSecure, recognized experts in mobile security and privacy, and Secure Code Warrior, provider of the leading agile learning platform for developer-driven security, to expand its Software Integrity Group’s industry-leading portfolio of application security testing (AST) solutions.