Market Overview:
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.
Security Testing Market Trends:
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.
Key Market Segmentation:
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:
- Application Security Testing
- Network Security Testing
- Device Security Testing
- Social Engineering
- Others
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:
- Web Application Testing Tool
- Code Review Tool
- Penetration Testing Tool
- Software Testing Tool
- Others
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
- Healthcare
- IT and Telecom
- Retail and E-Commerce
- Education
- Others
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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
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
Competitive Landscape:
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| 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) |
Key Questions Answered in This Report:
- How has the global security testing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global security testing market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the testing tool?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global security testing market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Security Testing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Application Security Testing
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Network Security Testing
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Device Security Testing
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Social Engineering
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Testing Tool
7.1 Web Application Testing Tool
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Code Review Tool
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Penetration Testing Tool
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Software Testing Tool
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IT and Telecom
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Retail and E-Commerce
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Education
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Accenture plc
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Applause App Quality Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Checkmarx Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Cisco Systems Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 HelpSystems LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Hewlett Packard Enterprise Development LP
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 International Business Machines Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 McAfee LLC
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Nippon Telegraph and Telephone Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 OffSec Services Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Qualys Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Veracode Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Security Testing Market: Major Drivers and Challenges
Figure 2: Global: Security Testing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Security Testing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Security Testing Market: Breakup by Type (in %), 2021
Figure 5: Global: Security Testing Market: Breakup by Testing Tool (in %), 2021
Figure 6: Global: Security Testing Market: Breakup by Deployment Mode (in %), 2021
Figure 7: Global: Security Testing Market: Breakup by End User (in %), 2021
Figure 8: Global: Security Testing Market: Breakup by Region (in %), 2021
Figure 9: Global: Security Testing (Application Security Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Security Testing (Application Security Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Security Testing (Network Security Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Security Testing (Network Security Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Security Testing (Device Security Testing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Security Testing (Device Security Testing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Security Testing (Social Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Security Testing (Social Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Security Testing (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Security Testing (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Security Testing (Web Application Testing Tool) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Security Testing (Web Application Testing Tool) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Security Testing (Code Review Tool) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Security Testing (Code Review Tool) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Security Testing (Penetration Testing Tool) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Security Testing (Penetration Testing Tool) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Security Testing (Software Testing Tool) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Security Testing (Software Testing Tool) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Security Testing (Other Testing Tools) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Security Testing (Other Testing Tools) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Security Testing (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Security Testing (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Security Testing (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Security Testing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Security Testing (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Security Testing (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Security Testing (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Security Testing (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Security Testing (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Security Testing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Security Testing (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Security Testing (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Security Testing (Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Security Testing (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Security Testing (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Security Testing (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: North America: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: North America: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United States: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United States: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Canada: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Asia-Pacific: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Asia-Pacific: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: China: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: China: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Japan: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Japan: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: South Korea: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: South Korea: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Australia: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Australia: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Indonesia: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Indonesia: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Europe: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Europe: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Germany: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Germany: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: France: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: France: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: United Kingdom: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: United Kingdom: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Italy: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Italy: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Spain: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Spain: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Russia: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Russia: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Latin America: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Latin America: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Brazil: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Brazil: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Mexico: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Mexico: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Middle East and Africa: Security Testing Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Middle East and Africa: Security Testing Market: Breakup by Country (in %), 2021
Figure 93: Middle East and Africa: Security Testing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Security Testing Industry: SWOT Analysis
Figure 95: Global: Security Testing Industry: Value Chain Analysis
Figure 96: Global: Security Testing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Security Testing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Security Testing Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Security Testing Market Forecast: Breakup by Testing Tool (in Million US$), 2022-2027
Table 4: Global: Security Testing Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 5: Global: Security Testing Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Security Testing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Security Testing Market: Competitive Structure
Table 8: Global: Security Testing Market: Key Players