Global DevSecOps Market Poised for a 4-fold Rise in 2018-23

By Veritis

Global DevSecOps Market Poised for a 4-fold Rise in 2018-23

Security integration to DevOps as ‘DevSecOps’ has brought about a new change in DevOps trend, addressing public concerns over security with DevOps.

DevSecOps ability to integrate security across every stage of the software process chain worked out well with many firms, who express no doubts about continuing with DevOps, at least for some more period.

As the reports say, the DevSecOps market is expected to grow at a CAGR of 31.2 percent over the 2018-23 period, from a size of USD 1.5 billion to USD 5.9 billion showing almost a four-fold growth during the forecast period.

Continuous application delivery supported by higher security, growing focus on security-on-security and meeting compliance requirements are expected to be the driving factors for the global DevSecOps market growth.

Global DevSecOps Market – By Segment

By segment, the cloud is going to be the major contributor to the DevSecOps market.

DevSecOps solutions on cloud platforms are expected to help organizations in the easy deployment of their codes in the production process, along with increased enhanced IT security, high performance, and increased scalability.

Using DevSecOps helps minimize Operational Expenditure (OPEX) by way of automation processes and process standardization, while also giving you full control and environment availability in line with user requirements.

Global DevSecOps Market – By Region

The global DevSecOps market is also going to see a positive trend region-wise, with a major contribution from North America, followed by Asia-Pacific (APAC), Europe, MEA and Latin America.

These five regions are going to be the major contributing markets for the DevSecOps trend from 2016 till 2023, with APAC being the largest contributor during the forecast period accounting to USD 1.5 billion in 2018 and USD 5.3 billion by 2023.

Global DevSecOps Market - By Region from 2016 to 2023

APAC is expected to provide wide scope for the DevSecOps market during the forecast period, driven by rapid advancements in cloud computing, IT infrastructure services and the Internet of Things (IoT) trends.

Growing cloud adoption trends, increasing inclination towards IT infrastructure for majority business operations and the demand for secure software development and deployment tools are expected to be the major contributing factors.

APA has high scope for the DevSecOps market majorly because of the region’s huge customer base, which in fact is expected to drive global organizations to expand their footprint to the APAC market.

All these factors indicate a positive trend for DevSecOps adoption and its services in benefiting many businesses.

DevSecOps Market – Recent Developments

Growing awareness about the benefits associated with DevOps and Cloud, organizational focus on application security as a result of growing threats and vulnerabilities, and the dire need for business expansion as part of a corporate strategy among global players are expected to drive the DevSecOps market growth on a larger scale.

DevSecOps has witnessed some important developments in recent times owing to its increased adoption.

Some of them include:

  • Launch of a managed solution that aims to transform firms’ risk and cybersecurity management with the help of automated and collaborative threat modeling solutions
  • Introduction of risk assessment controls for container encryption and server-less functions
  • Platform to integrate DevOps with AIOps with an aim to increase the pace of service delivery across large-scale hybrid IT environments

These are some recent developments and the DevSecOps market is expected to more such advancements in months to come owing to its increasing adoption, globally. Willing to check DevSecOps?