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DevSecOps Market is projected to reach USD 31.67 Billion by 2028 at 33.1% CAGR – Report Published by Introspective Market Research

DevSecOps MarketMarket Overview:

According to study, the DevSecOps market will register a 33.1% CAGR in terms of revenue; the market size will reach USD 31.67 billion by 2028, from USD 4.28 billion in 2021.

DevSecOps is nothing but the development, security, and operation. It is a seamless integration that involves introducing security at every phase of the software development life cycle (SDLC), from initial design through integration, testing, deployment, and software delivery. DevSecOps is an organizational and technical methodology that combines project management workflows with automated IT tools. Automation helps to early identify and fix security problems, before merging the application code into the main branch of the code repository. Examples of DevSecOps practices are early threat modeling, scanning repositories for security vulnerabilities, security design reviews, static code analysis, and code reviews. Release faster better software and give faster responses to software flaws in production in a more efficient way, These are the goals of DevSecOps, which help in the growth of the DevSecOps market over the forecast period.

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Major Key Players for DevSecOps Market:

  • 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)

Market Dynamics and Factors:

Rising internet penetration rate, increasing adoption of online platforms, shifting consumer preference toward work from home (WFH) model, and the growing frequency of cybercrime and in addition to this rising need for custom code security, repeatable and adaptive processes, and automated monitoring and testing, all these factors help to increase the market of DevSecOps over the projected timeframe. Apart from this DevSecOps offers flexibility, automation, configuration management, and cloud platform computing environments that also support the growth of the market. The lack of skilled professionals to apply DevSecOps solutions across enterprises and lack of awareness about the recent information security technologies is the hampering factors that restrict the growth of the market.

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DevSecOps Market Report Highlight:

  • By component, the service segment is expected to have the maximum market share in the DevSecOps market during the forecast period. Most organizations look for various services such as DevSecOps consulting services, professional services, and managed services so it is expected to have a significant market share.
  • By enterprise size, small and medium enterprises are expected to dominate the DevSecOps market share during the forecast period. Growing awareness about DevSecOps and its benefits, and increasing cyber threats among the SMEs lead to an increase in the market of DevSecOps for SMEs.
  • By deployment type, the cloud segment anticipated high growth in the DevSecOps market during the forecast period. This is due to it provides the much benefits such as cost-saving, security, agility, and scalability.
  • By Vertical, the BFSI sector is expected to have the maximum market share in the DevSecOps market during the forecast period. The significant increase in data breaches in the financial sectors and increasing fraud activity across the globe, support the growth of the market.
  • By region, North America is anticipated to grab the maximum market share of the DevSecOps market over the projected period. Because of the rising adoption of advanced technologies, such as artificial intelligence, machine learning, the internet of things, and cloud computing.

Key Industry Development:

In December 2021, Cloudflare expands the Zero trust platform. This platform can help companies secure their entire corporate network across all of their branch offices, data centers, and clouds.

In June 2020, A leading global provider of innovative IT solutions and services, Nous Infosystems announced the availability of an ‘Azure DevSecOps Jumpstart’ consulting service on the Microsoft Azure Marketplace, an online store that sells apps and services for Azure.

DevSecOps Market Segmentation:

By Component

  • Solution
  • Service

By Enterprise Size

  • SMEs
  • Large Enterprises

By Deployment Type

  • On-premise
  • Cloud

By Vertical

  • IT
  • BFSI
  • Media & Entertainment
  • Government & Public Sector
  • Media & Entertainment
  • Healthcare

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For this report, Introspective Market Research has segmented the DevSecOps Market based on the region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Scope of the Report:

The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The DevSecOps Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.

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About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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