PUBLISHER: IndustryARC | PRODUCT CODE: 1090200
PUBLISHER: IndustryARC | PRODUCT CODE: 1090200
DevSecOps Market is forecast to reach $6.5 billion by 2025, after growing at a CAGR of 28.85% during 2020-2025. With the rise in security breaches and there has been a significant growth in the higher secure continuous application delivery. Therefore the increasing focus on security and compliance are analyzed to impact on the growth of the DevSecOps market as it provides cyber protection, cloud security, application security, and so on.
The report: "DevSecOps Market - Forecast (2019-2024)", by IndustryARC, covers an in-depth analysis of the following segments of the DevSecOps Market.
Large scale enterprises hold the highest market share over the small and medium scale enterprises due to the high capital investment. As stated by Norton, the total number of data breaches have reached 4 billion records during the first six months of 2019. Therefore the increasing security breaches have significantly impacted on the increasing adoption in the large scale enterprises to ensure maximum security in the enterprise despite high capital investment and requirement of highly skilled employees.
BFSI sector is analyzed to hold the highest market share during 2019. The significant rise in the data breaches in the financial sectors are contributing to the highest market share. In the first six months of 2019 alone there has been 106 million number of records breached, the highest among all other sectors. As stated by Norton, in 2019, Capital One has suffered from $100 to $150million thereby creating a dire need for updating the technology to fix the vulnerabilities. Therefore there is dire need for employment of the DevSecOps solutions to ensure the cyber security in the enterprises which is in turn impacting on the growth of the DevSecOps market growth rate during the forecast period 2020-2025.
APAC dominated the DevSecOps market, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, and the high presence of the large scale enterprises. The significant growth in the small and medium scale enterprises alongside the increasing awareness about the security breaches and the loses caused to the industry. Moreover the increasing cyberattacks in this region including data breach in Toyota, Japan in March 2019, and Singapore healthcare data breach in January 2019 and many other security breaches are analysed impact on the increasing adoption rate of the DevSecOps solutions for the cyber security in APAC region.
There has been a significant rise in the security breaches during 2019, which has caused severe loss to the enterprises thereby leading the industries to focus more on the security of the data by employing various solution including devsecops and many other. In 2019, data breaches in entertainment vertical have been recorded as 100million, similarly, in government sector the number of data breaches has been 2.3million and many other have been recorded during the first six months of 2019. Therefore these security breaches are impacting on the adoption rate of the DevSecOps thereby boosting the DevSecOps market.
Although the growth rate of the DevsecOps market is significantly high, the primary challenge is finding the skilled professional for the deployment of DevSecOps solutions in the enterprises. The lack of skilled professionals is mainly due to the gap between the supply and demand for security professionals that is created due to the improper understanding of new technology in the information security.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the DevSecOps market. In 2018, the market of DevSecOps has been consolidated by the top players including CA Technologies, IBM, MicroFocus, Synopsys, Microsoft, Google, Dome9, PaloAltoNetworks, Qualys, Chef Software, Threat Modeler, Contrast Security, CyberArk, Entersoft among others.
Financials would be provided on a best efforts basis for private companies