Global DevSecOps Market Revenue to Reach $6.1 Billion by 2023
Rising security threats and need for integrated platform and collaborated workflows have led to the demand for DevSecOps
Bangalore, India, July 18, 2018 (Newswire.com) - Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Global DevSecOps market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023”.
According to Infoholic Research, in the digital world, a new trend is gaining popularity in the software development life cycle called DevSecOps. This technology collaborates the security, operations, developer, and the testing teams in designing, testing, and managing the code of SDLC, thereby helping an organization to discover and fix vulnerabilities at the initial stages of software development. This helps them to improve customer experience, gain customer trust, and provide high-quality apps. The global DevSecOps market is expected to grow at a CAGR of 33.7% during the forecast period 2017–2023.
"In the digital world, DevSecOps platform can reduce security threats by collaborating the various departments of an organization at the initial stage of product development, which helps to meet the ongoing and future demands."
Gowtham Kumar Sampath, Senior Research Manager - ICT
Currently, the DevSecOps market is at the initial growing stage but most of the organizations are expected to adopt DevSecOps soon due to the availability of wider benefits. The DevSecOps market is analyzed based on the enterprise type, deployment, and regions with country wise analysis.
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Region wise, the developed and developing countries are showing interest toward DevSecOps platform adoption. The Americas always remain as the leading region followed by Europe. The US, Canada, the UK, Germany, and France are the high revenue generators owing to the rising security breaches, advanced technology, demand for high-end software products, government rules and regulations related to security, and rising investment activities. Asia Pacific is always an attractive market for the key stakeholders to enhance their business/product portfolios. Especially, India, China, Japan, Singapore, Philippines, and other countries are showing interest toward the DevSecOps platform. Further, MEA is an emerging market for the key stakeholders during the 2017-2023.
Globally, there is an increasing demand for DevSecOps tools with cloud computing environment. The cloud deployment mode is contributing a major market share followed by the on-premises model. Few of the niche DevSecOps tool providers, such as Chef, Puppet, Docker, and others, are receiving a decent number of audiences and big players are enhancing their partnerships/M&A with small players to capture the revenue.
In terms of enterprises, SMEs are showing interest toward the DevSecOps platform but the adoption rate is lower when compared to large enterprises due to the high capital investment, lack IT infrastructure, expertise, and others. But, in the future, SMEs are set to be a business opportunity segment for key stakeholders as they are also realizing that security is one of their key priority to sustain in the market.
“In the digital world, DevSecOps platform can reduce security threats by collaborating the various departments of an organization at the initial stage of product development, which helps to meet the ongoing and future demands.” Gowtham Kumar Sampath, Senior Research Manager - ICT.
Buy complete report on Global DevSecOps market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
The report covers the present scenario and the growth prospects of global DevSecOps market during the forecast period 2017–2023. The report provides an in-depth analysis and forecast about the industry covering the following key features:
- The report is analyzed based on enterprises, deployment type, and regions
- The report covers detailed analysis of regions and country wise analysis
- The report also covers drivers, restraints, and opportunities (DRO) affecting the market growth during the forecast period (2017–2023)
- It also contains an analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views
- The report covers competitive landscape, which includes mergers & acquisitions, joint ventures & collaborations, and competitor comparison analysis
Ms. Sunanda Ganguli
Infoholic Research LLP
Source: Infoholic research LLP