The DevSecOps market valuation is expected to be worth USD 30.5 billion by 2032, as reported in a research study by Global Market Insights Inc.
Growing cybersecurity events in the BFSI industry will present abundant opportunities for market growth. DevSecOps offers a proactive and comprehensive approach to security, aligns with compliance requirements, addresses the complexity of systems, enables rapid incident response, promotes collaboration, and supports continuous improvement. By adopting DevSecOps, organizations in the BFSI industry can enhance their security infrastructure, mitigate risks, and safeguard critical financial information and operations. These benefits associated with DevSecOps solutions and services will boost industry growth over the next ten years.
DevSecOps market share from the service segment will grow at over 22% CAGR from 2023 to 2032. Professional services enable organizations to improve development efficiency, reduce time spent on security-related rework, and accelerate time-to-market for software products. These services assist organizations in identifying and mitigating security risks effectively. By integrating security practices throughout the development lifecycle, organizations can identify potential threats and vulnerabilities early. This results in increased productivity, faster release cycles, and a competitive advantage. Rising demand for professional services for risk mitigation will support industry demand.
DevSecOps market from the on-premises segment will reach USD 17 billion by 2032. High customization and flexibility associated with on-premise Devsecops infrastructure favor their adoption. It allows organizations to have complete control over their infrastructure and security measures. Organizations can customize and enforce security policies, access controls, and encryption methods according to their specific requirements. This level of control enables organizations to maintain a higher level of security and ensure compliance with internal policies and industry regulations.
DevSecOps market from the BFSI segment will grow at over 25% CAGR between 2023 and 2032. Rising cases of data breaches in the BFSI industry will bolster the market demand. Moreover, DevSecOps enables organizations in the BFSI sector to identify and address security vulnerabilities early in the software development lifecycle. It also helps organizations optimize their security investments by identifying and addressing security issues early in the development process.
Asia Pacific DevSecOps Market held more than USD 800 million in 2022. Growing urbanization and the increasing demand for securing cloud-based systems have increased the demand for DevSecOps solutions in the region. Moreover, the growing BFSI and IT and telecommunications industry in several regional economies, such as India, China, Japan, etc., is further positively shaping the industry landscape. Moreover, growing investment by the regional governments in digitalization is working in favor of industry growth.
Some of the major players in the DevSecOps industry are Atlassian Corporation, Check Point Software Technologies, Amazon Web Services (AWS), Broadcom and Entersoft Security.