Security testing involves assessment of a system to detect presence of vulnerability and security weaknesses. Specialized testing tools are used to assess any network/ infrastructure, web application, mobile application etc. According to a Future Market Insights analysis report, the Security Testing Market had global sales of US$ 7.9 billion in 2021.
The market is anticipated to expand by 11.5 percent between 2022 and 2032. The greatest revenue-generating segment is anticipated to be the component for application security testing, with growth between 2022 and 2032 forecast to increase at a CAGR of about 11.8 percent. Network or infrastructure security testing involves assessment of servers, network devices, network services such as Domain Name Service (DNS) etc.
The web application security testing involves assessment of applications that can be accessed by users from web browsers. Mobile application security testing involves assessment of applications that can be accessed by users from mobile devices such as tablets and smart phones.
Apart from these, security testing is applicable for less known commercial or custom software applications. The security testing is classified into seven basic types which includes vulnerability scanning, penetration testing, security auditing, security scanning, posture assessment, ethical hacking and risk assessment.
Vulnerability scanning is used to scan systems for known vulnerability. Penetration testing involves system analysis to check vulnerability of hacking attempt.
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Security Testing Market: Drivers and Restraints
The rising demand for protection of software bound valuable properties such as mobile and web applications is the major driver for the growth of global security testing market.
The emerging trends of Internet of Things (IoT) and Bring Your Own Device (BYOD) has led to rise in application development, which is anticipated to drive the consumption of security testing tools and services.
The government regulations and norms in software development is expected to boost the growth of security testing market.
The increasing adoption of application security testing by organisations to detect Advanced Persistent Threat (APT) and vulnerabilities is expected to drive the growth of security testing market.
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Security Testing Market: Region Wise Outlook
The global security testing market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
North America holds significant share in security testing market, owing to the technological advancements in IT industry. Western Europe also accounts for significant share in global security testing market.
This attributed to rise in adoption of Bring Your Own Device (BYOD) in different organisations in the region. APEJ is anticipated to register high CAGR during the forecast period.
The rising investment in the enhancing the security features across various industry verticals is expected to drive the growth of security testing market in the region.
Japan holds major share in the development and production of mobile devices, which is a significant factor for the growth of security testing market in the country.
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Security Testing Market: Key Players
Some of the key players in the global security testing market are as follows:
- Cisco Systems, Inc.
- Applause App Quality, Inc.
- IBM Corporation
- WhiteHat Security
- Checkmarx LTD
- Qualys, Inc.
- VERACODE
- Hewlett Packard Enterprise Development LP
- Intertek Group plc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to market segments such as geography, technology and applications.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western Europe (EU5 countries, Nordic, BENELUX, Rest of Western Europe)
- Eastern Europe (Poland, Russia, Rest of Eastern Europe)
- APEJ (China, India, ASEAN, Australia & New Zealand)
- Japan
- MEA (GCC Countries, S. Africa, N. Africa, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Security Testing Market: Segmentation
On the basis of product type,the global security testing market can be segmented as follows:-
- Vulnerability Scanning
- Penetration Testing
- Security Auditing
- Security Scanning
- Posture Assessment
- Ethical Hacking
- Risk Assessment
On the basis of deployment type,the global security testing market can be segmented as follows:-
- Cloud based
- On-premise
On the basis of end-use industry,the global security testing market can be segmented as follows:-
- BFSI
- Retail
- Healthcare
- IT & Telecom
- Manufacturing
- Media and Entertainment
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