Global Security Testing Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Global Security Testing Market

Security testing market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to o reach at an estimated value of USD 31,070.01 million by 2028 and grow at a CAGR of 31.6% in the above-mentioned forecast period.

Security testing refers to a process consisting of testing initiatives that are used to identify loopholes in the security mechanisms or detect possible security risks and ensure proper functioning of an application in a production environment and basically protect data and maintain the functionality of an information system.

The factors such as rising demand for the protection of software bound valuable properties such as mobile and web applications and increase in cyber threats and attacks across the globe are expected to emerge as the significant factors uplifting the growth of security testing market. In addition to this, increased development of mobile-based, web-based, and desktop-based applications and their high rate of deployment in various industry sectors, growing government investments to accelerate the security testing market and increasing adoption of application security testing by all type of organizations to detect Advanced Persistent Threat (APT) and vulnerabilities will further aggravate the growth of the security testing market. However, lack of skilled security professionals and high cost of security testing tools results as a growth restraint for the market.

The increasing adoption and popularity of cloud-based security testing is anticipated to generate lucrative opportunities for the security testing market. The low awareness regarding the cyber security and lack of domain-specific tools will pose as a challenge for the security testing market.

This security testing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Security testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Security Testing Market Scope and Market Size

The security testing market is segmented on the basis of testing type, testing tool, deployment mode, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• On the basis of testing type, the security testing market is segmented into application security, network security, device security and social engineering. The application security is sub-segmented into mobile application security testing, web application security testing, cloud application security testing and enterprise application security testing. The network security is sub-segmented into
  VPN testing, firewall testing and other service types.
• On the basis of testing tool, the market is segmented into web application testing tool, code review tool and penetration testing.
• On the basis of deployment mode, the market is segmented into on-premises and cloud.
• On the basis of organization size, the market is segmented into SMEs and large enterprises.
• On the basis of vertical, the market is segmented into BFSI, healthcare, IT and telecom.

Security Testing Market Country Level Analysis

The security testing market is analyzed and market size, volume information is provided by testing type, testing tool, deployment mode, organization size and vertical as referenced above.

The countries covered in the security testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is projected to dominate the security testing market during the forecast period owing to the high adoption of cloud-based security testing and increased adoption of IOT and AI-based technologies due to initiatives aimed at digitization. Asia-Pacific, on the other hand, is expected to show a lucrative growth as increasing cyber-attacks and inefficiency of large and small businesses, within the region.

 The country section of the security testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Security Testing Market Share Analysis

The security testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Security testing market.

The major players covered in the security testing market report are Qualys, Inc., Cisco, Intertek Group PLC, Hewlett Packard Enterprise Development LP, Applause App Quality, Inc.., IBM Corporation, UL LLC, Checkmarx Ltd., NTT Security AppSec Solutions Inc., Veracode, Accenture, Checkmarx Ltd, Intertek Group Plc, Qualys, Inc. among other domestic and global players. Market shre data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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