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The global security testing market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 25% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Security testing is a process used to identify loopholes and weaknesses in the security mechanisms that protect data and maintain the functionality of an information system. It provides confidentiality, integrity, authentication, authorization, and non-repudiation. It also safeguards software, data, applications, and resources against threats, risks, malicious attacks, and vulnerabilities. In addition, it helps detect possible security risks that can lead to loss of information or damage the reputation of an organization. Its key areas include network, system software, client-side application, and server-side application securities, which assist developers in fixing security problems.
Due to the coronavirus disease (COVID-19) outbreak and implementation of lockdown in numerous countries, companies of different industry verticals are adopting remote working models to retain business continuity and maintain social distancing. This model offers network connection to multiple devices with different security controls, thereby increasing security concerns. This represents one of the major factors propelling organizations to opt for security testing services for constant monitoring, upgrading their network security software and reaching customers in real-time. Apart from this, the global expansion and digitization of business processes through advanced technologies are increasing the risk of cybersecurity threats. In line with this, as cybercriminals and hackers usually attack confidential data of an organization, thereby resulting in huge financial losses to individuals, enterprises, and governing agencies, the application of security testing is increasing in the banking, financial services, and insurance (BFSI) sector. The rising use of online banking services is also contributing to market growth. Furthermore, expanding e-commerce activities are encouraging organizations to incorporate security testing solutions that can identify vulnerabilities and help reduce the threat landscape.
IMARC Group provides an analysis of the key trends in each sub-segment of the global security testing market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, testing tool, deployment mode and end user.
Breakup by Type:
Breakup by Testing Tool:
Breakup by Deployment Mode:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Applause App Quality Inc., Checkmarx Ltd., Cisco Systems Inc., HelpSystems LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee LLC, Nippon Telegraph and Telephone Corporation, OffSec Services Limited, Qualys Inc. and Veracode Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Testing Tool, Deployment Mode, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Accenture plc, Applause App Quality Inc., Checkmarx Ltd., Cisco Systems Inc., HelpSystems LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee LLC, Nippon Telegraph and Telephone Corporation, OffSec Services Limited, Qualys Inc. and Veracode Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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