The global DevSecOps market revenue totaled USD 4,373.4 million in 2022 and it is likely to surpass USD 5,081.9 million in 2023. Furthermore, with growing adoption across industries such as BFSI, healthcare, It & telecom, government, and manufacturing, the overall demand for DevSecOps is slated to grow at 17.8% CAGR between 2023 and 2033, totaling a valuation of USD 26,224.4 million by 2033.
DevOps is a software development or set of practises and tools implemented by software development companies to integrate the development and operations teams and practises together to improve communication and coordination among both groups. This enables to deliver the software products to the end-users faster, at lower prices, and with continuous development and deployment of updates and changes.
DevSecOps implements security as an equally important feature of the process and implements it from the beginning. Due to this, the end product does not require an additional layer of cyber security measures but is delivered with in-built app security.
Solutions, software, and applications provided to the end-users using DevSecOps methods and DevSecOps tools follow the principle of providing in-built software security. Due to this, the clients do not have to always rely on other cyber-security experts for their cyber-security needs.
The rising need for secure applications due to the increasing number of cyber threats is expected to boost market growth during the forecast period (2023 to 2033). Similarly, the growing adoption of advanced technologies by small and medium enterprises, penetration of 5G technology, and growing popularity of cloud-based services will propel the demand for DevSecOps software and services over the next ten years.
Currently, the DevSecOps market holds around 10% of the application security market and this number is likely to improve amid growing demand from numerous end-use industries.
Regionally, the North American market reached USD 3,753.7 million in 2021 and it is anticipated to remain the most dominant market during the forecast period. The region (North America) is home to several large businesses and is often at the forefront of technological developments and the implementation of the same for their business purposes.
However, with the fast-growing IT & telecom industry and increasing usage of advanced security tools and techniques, South Asia and the Pacific are expected to emerge as the fastest-growing market with a CAGR of 22.8%.
| Attributes | Details |
|---|---|
| DevSecOps Market Share (2022) | USD 4,373.4 million |
| DevSecOps Market Share (2023) | USD 5,081.9 million |
| DevSecOps Market Share (2033) | USD 26,224.4 million |
| DevSecOps Market Share (2023 to 2033) | 17.8% |
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The global DevSecOps market is expected to grow at 17.8% CAGR between 2023 and 2033, in comparison to the 15.7% CAGR registered between 2018 to 2022. The rising need for highly secure continuous application delivery, increased focus on security and compliance, and surge in cyber crimes are some of the key factors driving growth in the global market.
Over the years, more and more companies have digitized their businesses and business operations to improve productivity. This has created demand for advanced solutions like DevSecOps and the trend is likely to continue during the forecast period.
Similarly, a growing concern among companies about cybersecurity is prompting them to use advanced security solutions. According to Accenture’s State of Cybersecurity survey 2021, which consisted of 4,744 respondents, 270 cyber-attacks were faced by companies and 29 of them were successful. The growing awareness of cyber threats and the steps to be taken to prevent them will therefore continue to encourage the adoption of development, security, and operation solutions.
DevSecOps is gaining traction because it is helping companies to create more agile and high-quality software. It can provide better security measures against cyber threats and hence industries like IT & telecom, government, BFSI, and others can benefit from it.
Services Segment to Witness the Highest Demand in 2023 & Beyond
DevSecOps is the application of tools and practices which help the development and operations teams with continuous integration and continuous deployment of software and applications. However, providing security features and maintaining the correct measures will require contribution from the operations teams as well.
As technology advances and so do the services for cyber-security. FMI predicts the services segment by the solution to grow at a stupendous CAGR of 21.1% during the forecast period.
These services assist in assessments, and implementation, and support secure product development with DevSecOps capability.
Growing Awareness of the Benefits of DevSecOps Fuelling Adoption in SMEs
By enterprise size, the large enterprise segment dominated the global market with a market share of around 55% in 2022. Large enterprises usually have the economic strength to purchase large-scale software products, systems, and applications, or develop them themselves. Due to this factor, they can digitize and implement other technical improvements. These enterprises are also the more attractive target for hackers and other cyber-attacks and hence they are required to implement greater security measures.
However, the small and medium-sized enterprises segment is poised to grow at the highest CAGR of 18.5% between 2023 and 2033, owing to the rising adoption of DevSecOps solutions in these businesses due to ease of use, increased agility, fast application delivery, and flexibility.
Besides this, the rise of threats and vulnerabilities will further boost the adoption of these security solutions in SMEs during the forecast period.
Principal Consultant
Rise in Cyber Threats Pushing Demand in the United States Market
As per FMI, the United States accounted for around 77.7% share of the North American market in 2022 and it is anticipated to create an incremental D opportunity of around USD 2,195.8 million between 2023 and 2033. Growth in the market is driven by the strong presence of leading technological giants, the surge in cybercrimes, and the growing adoption of advanced technologies across numerous industries.
Due to the presence of large technology companies, there has been a sharp rise in data breach incidents across the United States during the last few years and the trend is likely to continue over the forecast period. For instance, the LinkedIn data breach in 2021, exposed information from 700 million users; or the Twitter data breach, exposed information from 5.4 million users. For such reasons, cyber security is a stark requirement in this country.
Constant security updates and bug fixes can help American organizations avoid data breaches and other cyber-attacks. Driven by this demand for DevSecOps solutions is expected to rise at a prolific pace across the United States during the forecast period.
Rising Adoption of DevSecOps in IT & Telecom Industry Propelling Sales in the Indian Market
In 2022, India held the largest share of 46.2% in the South Asia & Pacific market and it is further expected to create an incremental opportunity of USD 2,059.9 million by the end of 2033. The rapid expansion of end-use industries like BFSI and IT & telecom, the growing need for improving cybersecurity, and favorable government support are some of the factors driving growth in the Indian market.
India has the fastest-growing IT and telecom industry which is delivering solutions and services to clients both within and outside the country, which also raises cyber-security concerns. According to a survey that had 200 respondents and was conducted by Mezmo, a software company based in the United States, as of now the implementation of DevSecOps is low, but 62% of their respondents said that their organizations do intend to implement it in the future.
According to the same report, the users of DevSecOps witnessed a growth in incident detection and response speeds. Due to the growth in the IT and telecom industry as well as the inclination that companies have towards implementing advanced security solutions, India will continue to remain one of the most lucrative markets for DevSecOps.
DevSecOps is provided by software companies that also tend to provide solutions and services in the cloud, software development, and cyber security.
It has also seen integrations with the cloud and IoT, as stated below:
Copado, Red Hat, and Snyk - Top 3 Front-Runners Fixing the Cybersecurity Vulnerabilities through DevSecOps
The Log4j vulnerability has made it quite evident that DevSecOps will be a critical component of cybersecurity. Sensing the need for addressing this vulnerability, the DevSecOps space has been witnessing a lot of investment from venture capitalists. For instance, password-less authentication provider Transmit Security, based in Israel, raised USD 543 million in Series A funding at a USD 2.3 billion pre-money valuation in June. Further, cloud security provider Lacework, based in San Jose, California, closed a USD 525 million round at a valuation of more than USD 1 billion in January.
Copado, a prominent DevSecOps company, is partnering with security testing platforms to consolidate its position. For instance, in December 2021, the company announced a partnership with DigitSec, which is a patented provider of SaaS Security Scanners. The partnership will help the company in finding vulnerabilities before deployment, a key area of concern for most companies today.
Copado is also going through the merger and acquisition route to add more capabilities to its offerings. For instance, in March 2021, it acquired New Context, a leading United States-based DevSecOps company, to expand its DevSecOps platform.
Red Hat has been increasing its share in the DevSecOps space through its popular OpenShift container platform. To further consolidate its position, Red Hat acquired VMware Tanzu in May 2022. This acquisition will give Red Hat more capabilities and eventually help it gain more vendors.
Red Hat is also betting big on the security automation tools. It is actively investing in security automation and acquiring companies that have expertise in this domain. For instance, Red Hat announced in 2021 that it will be purchasing the Kubernetes security business StackRox, which has raised over USD 65 million in funding since its establishment in 2014. The company purchased StackRox, a sophisticated security solution for cloud-native apps, and rebranded it as Red Hat Advanced Cluster Security (ACS) for Kubernetes. The business is now making ACS for Kubernetes available for open source under the moniker StackRox.
Similarly, in March 2022, the company unveiled new levels of security innovations and capabilities across its portfolio of open hybrid cloud technologies to help organizations mitigate risks and meet compliance requirements.
Snyk, another leading DevSecOps player, has announced Synk Cloud, as part of its strategy to boost its position in this domain. The Snyk Cloud offering expands the business's current Developer Security Platform, enabling more businesses to adopt DevSecOps and foster even more fruitful collaboration among their developer, operations, security, and compliance teams.
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| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia and the Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Solution, Enterprise Size, Industry, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 5,081.9 million in 2023.
The market is estimated to reach USD 26,224.4 million by 2033.
The market is likely to capture a 17.8% CAGR until 2033.
The United States accounted for 77.7% share of North America’s market in 2022.
IBM, Exec Forte, and Synk are the leading industry players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution 5.1. Software 5.1.1. On-premises 5.1.2. Cloud 5.2. Services 5.2.1. Professional Services 5.2.2. Managed Services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 6.1. Large Enterprises 6.2. Small and Medium-sized Enterprises 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry 7.1. BFSI 7.2. IT & Telecom 7.3. Government 7.4. Retail 7.5. Manufacturing 7.6. Energy and Utilities 7.7. Healthcare 7.8. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. IBM 18.2. exec Forte 18.3. Snyk 18.4. Quentelli 18.5. Synopsys 18.6. Veracode 18.7. Micro Focus 18.8. Palo Alto Networks 18.9. Apex on 18.10. Veritas 18.11. Checkpoint 18.12. Accenture 18.13. Autorabit 18.14. Oxeye 18.15. Sophos 19. Assumptions & Acronyms Used 20. Research Methodology
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DevSecOps Market
