The DevSecOps market is set for significant growth, with a projected market size of US$ 45.93 billion by 2032. This rapid expansion is fueled by the increasing demand for secure software development practices and the rising risks of cyber threats. The need for faster and more secure application delivery is driving the market’s growth.
Key factors include the rise in cybercrime, increased internet penetration, and the high cost of data breaches. A recent study revealed that the global average cost of a data breach reached an all-time high of USD 4.35 million in 2023, with 60% of breaches stemming from application vulnerabilities. Organizations are adopting DevSecOps practices to integrate security throughout the Software Development Life Cycle (SDLC).
The migration to cloud environments, along with the deployment of 5G and Internet of Things (IoT) technologies, is expected to boost the market share for DevSecOps.
DevSecOps growth driven by cyber threats
The integration of Artificial Intelligence (AI) and Machine Learning (ML) into DevSecOps offers opportunities for enhancing security defenses and threat response.
In 2023, the solution segment dominated the market with around 60% of the revenue share, driven by the demand for Application Security Testing (AST) and vulnerability scanning. Cloud-based DevSecOps solutions led the market with approximately 70% market share. Large enterprises are leading the adoption of DevSecOps practices, with key industries including IT & telecommunications, healthcare, media & entertainment, retail & consumer goods, and manufacturing.
North America dominated the DevSecOps market in 2023 with a 42% global market share, while the Asia Pacific region is anticipated to develop at the highest CAGR. Leading companies in the market include Entersoft, Dome9, Palo Alto Networks, Qualys, Chef Software, Threat Modeler, Contrast Security, CyberArk, Rough Wave Software, Splunk, Aqua Security, Check Marx, Continuum Security, Whitehat Security, Sumologic, Puppetlabs, and AlgoSec. The DevSecOps market is positioned for substantial growth as businesses prioritize security in their software development processes, driven by increased cyber threats and the shift towards cloud environments.
