Dublin, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The "DevSecOps - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global DevSecOps Market to Reach $17 Billion by the Year 2026
The global DevSecOps market is receiving a strong growth impetus from ongoing digitalization that has enabled security to enjoy the limelight regarding application development.
DevSecOps is set to register notable gains in the post-COVID-19 era owing to increasing focus of organizations to integrate security with all stages of application development. The concept is witnessing increasing spending on advanced automation tools intended to incorporate security into development processes and reduce overhead of various security-related tasks like code audits, threat modeling, application instrumentation and vulnerability analysis.
The market is poised to receive a major support from key enabling technologies like machine learning and artificial intelligence. These technologies are integral to various automated processes used by DevSecOps.
Amid the COVID-19 crisis, the global market for DevSecOps estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$17 Billion by 2026, growing at a CAGR of 33.1% over the analysis period. Services, one of the segments analyzed in the report, is projected to grow at a 34.4% CAGR to reach US$13.1 Billion by the end of the analysis period
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solutions segment is readjusted to a revised 31.3% CAGR for the next 7-year period. This segment currently accounts for a 42.6% share of the global DevSecOps market.
The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $2.8 Billion by 2026
The DevSecOps market in the U.S. is estimated at US$1.4 Billion in the year 2021. The country currently accounts for a 34% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 40.4% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.2% and 28% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 28.6% CAGR while Rest of European market (as defined in the study) will reach US$3.7 Billion by the year 2027.
Asia-Pacific is predicted to present enticing opportunities for DevSecOps providers due to rising adoption of the cloud coupled with DevSecOps services and tools. The region is witnessing rapid advances in cloud computing, the Internet of Things technology and IT infrastructure solutions that are driving companies to embrace DevSecOps services and solutions.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
Shift towards Digital Technologies Enhances Prospects for Cybersecurity Technologies & Solutions
COVID-19 Provides a Strong Push for DevSecOps Initiatives
Ranking of Factors Driving DevSecOps Initiatives for Organizations
DevSecOps: An Introduction
Advantages with a DevSecOps Software Development Environment
Major Differences between DevOps and DevSecOps
Outlook: Pressing Need for High Security & Agility in Applications Brings DevSecOps Market to an Exciting Juncture
Asia-Pacific Offers Lucrative Opportunities for Growth
Need for Tighter Integration of Development & Security
DevSecOps: Future Opportunities
Key Hurdles to Adoption
Ranking of Challenges in Implementation of DevSecOps
Recent Market Activity
2. FOCUS ON SELECT PLAYERS(Total 81 Featured)
Aqua Security Software Ltd
CyberArk Software Ltd
Palo Alto Networks Inc
Rogue Wave Software Inc
3. MARKET TRENDS & DRIVERS
Digital Transformation Across Business Drives Adoption of DevSecOps
An Age of Shifting Security Left
Increasing Transition to Public Cloud and Cloud Native Development Drives Opportunities for DevSecOps Tools
DevSecOps: Pushing Application Security Practices Early into Development Process
Transition towards Containerization and Microservices Boost Prospects
DevSecOps Address Security Concerns of DevOps Concept
Sudden Shift to WFH Environments Catalyze Growth
Increased Risk of Vulnerabilities against the Backdrop of Industry 4.0 led Rise in Connected Devices Drives Demand for DevSecOps.
DevSecOps Holds Great Relevance for Development & Delivery of Secure, Quality Manufacturing Software
Security Vulnerabilities and Gains for Native Apps to Shape Future Course of DevSecOps
Novel Opportunities Identified in Retail & Consumer Goods Sector
Booming e-Commerce Industry Drives Demand for DevSecOps
DevSecOps in Energy and Utilities Sector
Healthcare Industry: An Emerging Market with Significant Potential
COVID-19 Pandemic Accelerates Digitization of Healthcare Services, Thus Driving the Demand for DEvSecOps
Rise in Security Risks Highlight the Importance of DevSecOps Adoption in Financial Services Industry
State Governments Embrace DevSecOps
Key Implementation Challenges Related to DevSecOps
Potential Threats to Industrial Facilities during the Pandemic
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/6m2xg6
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