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The global security testing market size reached US$ 7.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.9 Billion by 2027, exhibiting a growth rate (CAGR) of 21.7% during 2022-2027. 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 that identifies loopholes and weaknesses in the security mechanisms and helps protect data and maintain the functionality of an information system. It includes network, system software, server-side application, and client-side application securities, which assist developers in fixing security threats. It provides integrity, confidentiality, authentication, authorization, and non-repudiation. It also safeguards data, applications, software, and resources against threats, risks, malicious attacks, and vulnerabilities. Besides this, it aids in detecting possible security risks that can lead to information loss and damage the reputation of an organization. As a result, small, medium, and large-scale industries are increasingly adopting security testing solutions across the globe.
Rapid digitization and the emerging trend of automation across different industry verticals are resulting in increasing cases of cybercrimes. This is escalating the need for security testing to avoid security breaches and unauthorized access to confidential data. In addition, the rising trend of remote working models continues business processes and maintains social distancing. This model offers network connections to multiple devices with different security controls, thereby increasing security concerns. In line with this, the widespread adoption of internet of things (IoT) devices and BYOD (Bring Your Own Device) is stimulating the growth of the market. As IoT-connected devices are an integral part of our daily lives, these devices must undergo testing and establish a minimum baseline for security. Furthermore, rigorous government regulations are resulting in the increasing adoption of security testing solutions and services, which is strengthening the growth of the market. Moreover, the burgeoning e-commerce industry is encouraging organizations to incorporate security testing solutions that help monitor vulnerabilities and 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 2022-2027. Our report has categorized the market based on type, testing tool, deployment mode, and end user.
Breakup by Type:
Network security testing represents the largest market segment as the stool assess security controls across a network to identify and demonstrate vulnerabilities and determine risks
Breakup by Testing Tool:
Penetration testing tools currently dominate the market as they help automate certain tasks, enhance testing efficiency, and discover issues that are difficult to find using manual analysis techniques
Breakup by Deployment Mode:
Cloud-based security testing holds the majority of the market share as it offers centralized protection, cost-effectiveness, minimized administration, and credibility for the higher class of security
Breakup by End User:
BFSI accounts for the largest market share due to increasing cases of cyberattacks and security breaches in financial institutions. Additionally, security testing software and tools help monitor hidden bugs or vulnerabilities and defects in the industry
Breakup by Region:
North America enjoys the leading position in the market as it is a technologically advanced region with a high number of early adopters and the presence of various leading market players
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||2021|
|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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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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