According to Stratistics MRC, the Global Security Testing Market is accounted for $3.36 billion in 2016 and is expected to reach $11.97 billion by 2023 growing at a CAGR of 19.9% during the forecast period.
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Increasing demand for protection of software bound expensive properties such as mobile and web applications, expanded approval of cloud-based security solutions are some of the key factors fueling the market growth. However, huge innovation and deployment price affecting costs, raised maintenance of freeware security applications and lack of awareness regarding cyber security are hampering the market growth. Rising connected devices owing to IoT and BYOD trends and speedy digitization in developing nations and providing ample growth opportunities for the market.
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Security testing is a form of software testing service to facilitate in tracking the vulnerabilities in the information system. This enables restructuring of the bugs within an information system and safeguards it from disclosure to security violation and unauthorized access by burglars. The security testing services are segmented in the non-functionality testing service and accepted by many industries and government organizations. Through rise in internet access, the quantity of security coercion has also enlarged, foremost to growth in demand for security testing services.
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By type of service, application security testing has enlarged the use of web and mobile applications and the safety of these applications is the major purpose of the organizations. The increase in the application security testing is linked with growing in security breaches targeting industry applications. In addition, expanding demand for better security as of improved exploitation of third-party applications. Asia Pacific is anticipated to register highest CAGR attributed to growing technological adoption and massive opportunities over business verticals in APAC countries, particularly India and China.
Some of the key players in Security Testing Market include Hewlett Packard Enterprise Company, Qualys, Inc., Whitehat Security, Inc., Checkmarx, Applause App Quality, Inc., Cisco Systems, Inc., UL LLC, Intertek Group plc, IBM, Veracode, Contrast Security, Check Point Software Technologies, Cyberoam Technologies, Infosys, Gateprotect, Nortel Networks, TripWire, Accenture and Microsoft.
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Deployment Modes Covered:
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare and life sciences
• Government and Public Utilities
• IT and Telecom
• Media and Entertainment
• Other End Users
Organization Sizes Covered:
• Large Enterprises
• Small and Medium Enterprises
Testing Tools Covered:
• Web Testing Tools
• Code Review Tools
• Penetration Testing Tools
• Automated Testing Tools
• Software Testing Tools
• Other Testing Tools
Type of Services Covered:
• Device Security Testing
• Network Security Testing
• Application Security Testing
Product Types Covered:
• Security Auditing
• Vulnerability Scanning
• Posture Assessment
• Risk Assessment
• Security Scanning
• Ethical Hacking
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
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Name: James Lamb
Organization: Stratistics Market Research Consulting Pvt Ltd
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