Oct 8, 2024
Security Testing Market Competitor Analysis: Benchmarking Best Practices Security Testing Market OverviewGlobal security testing market size
seen from China
seen from China
seen from Mexico
seen from United States
seen from Canada
seen from United States
seen from Greece
seen from China
seen from United States
seen from United States
seen from United States
seen from United States
seen from China
seen from Russia
seen from China
seen from China
seen from United States
seen from Jamaica
seen from United States
seen from Singapore
Security Testing Market Competitor Analysis: Benchmarking Best Practices Security Testing Market OverviewGlobal security testing market size
Global Security Testing Market size & share estimated to surpass USD 41.60 billion by 2032, to grow at a CAGR of 16.2% during the forecast p
Global Security Testing Market size & share estimated to surpass USD 41.60 billion by 2032, to grow at a CAGR of 16.2% during the forecast p
Security Testing Market to Generate $36.78 Billion by 2030
According to a recent report published by Allied Market Research, titled, “Security Testing Market by Type, Deployment Mode, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global security testing market size was valued at $6.25 billion in 2020, and is projected to reach $36.78 billion by 2030, growing at a CAGR of 19.2% from 2021 to 2030.
Security testing is the most important testing for an application to check whether the confidential data is safe and secure from various types of vulnerabilities. In addition, security testing is very important in software engineering to protect data by all false mean. Security testing is adopted in various automotive and manufacturing organizations in their production units to identify the threats in the system and measure its potential vulnerabilities, so that when the threats are encountered the system does not stop functioning or exploited. Furthermore, the key factors that drive the security testing market trends include surge in web and mobile-based business critical applications requiring higher secure endpoint protection and enterprises implementing security measures to prevent financial losses due to increased sophistication in cyberattacks. In addition, stringent government regulations to increase the adoption of security testing solutions and services positively impact the growth of the market. However, factors such as lack of skilled security professionals and higher cost involved in conducting security tests are expected to hamper the market growth. On the contrary, increase in adoption of cloud-based security testing and evolution of technologies and implementation of new technologies, such as DevOps, DevSecOps, and Agile, in software security testing are anticipated to offer remunerative opportunities for the expansion of the market during the forecast period.
Depending on type, the network security segment is expected to hold the largest security testing market share owing to growing need for network security among enterprises and surge in adoption of cloud-based security technologies among various sectors. However, device security segment has witnessed high growth during the forecast period, owing to increase in favorable government regulations for device security across various countries and significant rise in BYOD culture across various sector.
Region wise, the security testing market was dominated by North America, and is expected to retain its position during the forecast period. This is attributed to increase in adoption of advance technologies such as cloud technology, big data, artificial intelligence, and machine learning for automating the security testing and preventing any accidents with real-time monitoring of machines. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in security testing awareness and growth in number of SMEs adopting cloud-based security testing.
The outbreak of COVID-19 is anticipated to have a positive impact on the growth of the security testing market. With the wake of COVID-19 pandemic, enterprises are allowing employees to work from home with their own devices, such as laptops and smartphones, to access company data as well as also provide company-specific web and mobile-based applications for usage. These external devices work on network of the employees, which is susceptible to various cyberattacks due to insufficient security. In addition, with the risk of these devices or applications getting hacked, enterprise data are being leaked and misused, there is an increase in adoption of security testing to provide higher secure endpoint protection for testing of such devices as well as applications. In addition, mitigating potential cyber threats is expected to drive the growth of security testing during the COVID-19 pandemic.
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/12894
Key Findings Of The Study
Region wise, North America generated highest revenue in 2020.
Depending on security type, the network security segment generated the highest revenue in 2020.
The key players profiled in the security testing market analysis are AT&T, Inc., Cigniti, International Business Machines Corporation, McAfee, LLC, Micro Focus, NTT Security AppSec Solutions Inc., Rapid7, SecureWorks, Inc., Synopsys, Inc., and Veracode. These players have adopted various strategies to increase their market penetration and strengthen their position in the security testing industry.
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Security Testing Market, By Service Type (Network Security Testing, Application Security Testing), Tools (Penetration, Web, Automated Testing Tools), Deployment (Cloud, On-Premise), Industry Vertical (Government, BFSI, Retail) — Forecast till 2027
Security Testing Market
Security Testing Market
Security Testing Market Analysis Innovative Technologies, Segmentation, Trends and Business Opportunities 2020-2027 | COVID-19 Effects Market Synopsis As indicated by the new complete explor...
Security Testing Market
Security Testing Market 2022 Business Strategies, Revenue and Growth Rate upto 2025
The global Security Testing market size is projected to grow from USD 6.1 billion in 2020 to USD 16.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.3% during the forecast period. The major factors driving the market include the surge in web and mobile-based business critical applications requiring higher secure endpoint protection, need to prevent financial losses due to increased sophistication in cyber-attacks and stringent government regulations.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150407261
In the testing type, application security testing segment to hold the largest market size during the forecast period
Application security testing is carried out to identify the vulnerabilities, threats, and overall risks associated with the internal and external applications along with its APIs. The market for security testing has evolved from an in-house process to a service-based market, with rapid growth in the use of applications in organizations. As security threats evolved, new methods of security testing were developed. Open source tools were also developed for security testing by companies. The major factors fueling the growth of the application security testing market are rise in security breaches targeting web and mobile applications and strong regulations and compliance requirements among SMEs and large enterprises
In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period
Cloud-based security testing solutions are not only enabling organizations to manage their costs but also helping them in improving business agility. It is the fastest-growing deployment model in the security testing market. SMEs prefer cloud-based deployment, as it is cost-effective and easy to deploy. With the cloud-based deployment of these solutions, small enterprises can assess vulnerabilities and reduce threat landscape at a much lower cost, thus improving their customer services. The cloud-based platform offers a centralized way to secure the web and mobile applications in an organization, throughout the application development lifecycle. For organizations having strict budgets on security investments, cloud-based security testing solutions are a good fit.
North America to hold the largest market size during the forecast period
North America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period. Factors such as large-scale deployment of smart devices such as smartphones, smart TVs, and smart automobiles and the increased adoption of IoT and AI-based technologies due to initiatives aimed at digitization and Increasing demand for cloud-based security testing services among enterprises, especially SMEs, due to advantages such as scalability and cost effectiveness are expected to fuel the growth of security testing in th region
Major vendors in the global security testing market include IBM (US), SecureWorks (US), Synopsys (Canada), Rapid7 (US), Micro Focus (UK), Cigniti (India), AT&T (US), WhiteHat Security (US), Veracode (US), Checkmarx (Israel), McAfee (US), Core Security (US), ParaSoft (US), ScienceSoft (US), Data Theorem (US), Kryptowire (US), LogRhythm. (US), PortSwigger (UK), ImpactQA (US), and NowSecure (US).
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/security-testing-market-150407261.html