The market revenue growth is driven by a variety of aspects, including the increased need for quicker application development and delivery, the requirement for improved application development security, and the expanding use of cloud-based technologies.
The global Development Security and Operations (DevSecOps) market size was USD 4.69 Billion in 2022 and is expected to register a revenue CAGR of 25% over the forecast period, according to the latest report by Reports and Data.
Rising demand for faster application development and delivery is one of the main factors influencing market revenue growth. Organizations must swiftly create and deploy apps in today's fast-paced business climate in order to remain competitive. Organizations may create and deploy applications more quickly with the help of the software development technique known as DevSecOps, which incorporates security principles into the development process.
Another factor boosting market revenue growth is the growing need for improved security in application development. Security is becoming a crucial component of application development due to the increase in cyberthreats. By incorporating security principles into the development process, DevSecOps ensures that security is embedded into applications from the ground up and offers a comprehensive approach to security.
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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in RD activities are expected to boost market growth during the forecast period.
Competitive Landscape:
Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.
some leading companies operating in the global Keyword market:
Amazon Web Services, CA Technologies, Checkmarx, IBM Corporation, Micro Focus, Qualys, Sonatype, Synopsys, and WhiteHat Security.
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The global market is further segmented into type and application:
Component Outlook (Revenue, USD Billion; 2022 - 2032)
- Solutions
- Services
Organization Size Outlook (Revenue, USD Billion; 2022 - 2032)
- Small Medium-sized Enterprises (SMEs)
- Large Enterprises
Deployment Mode Outlook (Revenue, USD Billion; 2022-2032)
- On-premise
- Cloud
Industry Vertical Outlook (Revenue, USD Billion; 2022-2032)
- Banking Financial Services, and Insurance (BFSI)
- IT Telecommunications
- Government Public Sector
- Retail Consumer Goods
- Healthcare Lifesciences
- Manufacturing
- Media Entertainment
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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