The devsecops global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
DevSecOps Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The DevSecOps market size has grown exponentially in recent years. It will grow from $5.52 billion in 2023 to $7.07 billion in 2024 at a compound annual growth rate (CAGR) of 28%. The growth in the historic period can be attributed to rising demand for on-premises software among large enterprises, growing need for higher secure continuous application delivery, growing awareness about the benefits of DevOps and cloud solutions, mounting amount of security breaches, high adoption of IoT, AI and machine learning in manufacturing industry.
The DevSecOps market size is expected to see exponential growth in the next few years. It will grow to $19.09 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to growing internet penetration, rise in cybercrimes, increasing compliance on security, growing popularity of cloud-based services, growing digitization. Major trends in the forecast period include technological advancements, adoption of advanced technologies by SMEs, advancement in cloud computing, rising investment in IT advanced technologies, penetration of 5G technologies.
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Scope Of DevSecOps Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
DevSecOps Market Overview
Market Drivers –
The rise in cybercrime is expected to propel the growth of the DevSecOps market going forward. Cybercrime refers to criminal activities using computers, networks, and digital technologies. The growing interconnectedness of devices and systems, facilitated by the widespread use of the internet, has created more opportunities for cybercriminals to exploit vulnerabilities. DevSecOps is used to prevent cybercrimes as it integrates security practices throughout the software development lifecycle, embedding security into the DevOps process to identify and address vulnerabilities early. For instance, in September 2023, AAG, a UK-based provider of IT support services, reported that 39% of UK companies had experienced a cyberattack in 2022. Additionally, during the first half of the same year, cybercrime affected 53.35 million individuals in the United States. Therefore, the rise in cybercrime is driving the growth of the DevSecOps market.
Market Trends –
Major companies operating in the cryochambers market are developing innovative products, such as electronically-cooled chambers, to serve customers with advanced features better. Electronically-cooled cryochambers are specialized chambers used in cryotherapy that employ electronic mechanisms to generate and maintain cold temperatures within the chamber. For instance, in September 2021, CryoAction, a UK-based company that manufactures cryochamber solutions, launched electronically-cooled whole-body cryotherapy chambers. These chambers are designed to cool solely from within, resulting in faster cooling times and reduced temperature losses between treatments compared to their predecessors. Renowned for their efficiency, these units boast meager running costs, making them an economical choice for businesses. With the ability to operate for up to 10 hours per day and automatically schedule cooldown and regeneration cycles, they offer convenience and reliability. Moreover, the versatility of the cryochamber allows for precise temperature control, catering to various therapeutic requirements and ensuring optimal treatment outcomes.
The devsecops market covered in this report is segmented –
1) By Component: Solution , Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Applications: BFSI, IT And Telecommunications, Healthcare, Retail, Government, Manufacturing, Media And Entertainment, Other Applications
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Regional Insights –
North America was the largest region in the devsecops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the devsecops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the devsecops market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Accenture Plc, International Business Machines Corporation, Broadcom Inc., Palo Alto Networks Inc., Synopsys Inc., Splunk Inc., Atlassian Corporation, Micro Focus International Plc, Check Point Software Technologies Ltd. , Progress Software Corporation , CyberArk Software Ltd., Qualys Inc. , Qentelli Inc., Synk Ltd., Veracode Inc., Checkmarx Ltd., Veritas Technologies LLC, Autorabit Inc., Rogue Wave Software Inc. , Threat Modeler Software Inc., 4Armed Limited, Continuum Security Consultants Inc., Gitlab Inc., Aqua Security Software Ltd
Table of Contents
1. Executive Summary
2. DevSecOps Market Report Structure
3. DevSecOps Market Trends And Strategies
4. DevSecOps Market – Macro Economic Scenario
5. DevSecOps Market Size And Growth
…..
27. DevSecOps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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