Global Security Testing Market Share, Industry Trends, Size and Forecast 2022-2027

Published February 13, 2023

 According to the latest report by IMARC Group, titled, “Security Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global security testing market size reached US$ 7.4 Billion in 2021. Looking forward, the market expected to reach US$ 23.9 Billion by 2027, exhibiting a growth rate (CAGR) of 21.7% during 2022-2027.

Market Overview:

Security testing is utilized to identify weaknesses, risks, threats, and vulnerabilities in a software application. It comprises penetration testing, security scanning, ethical hacking, security auditing, and posture assessment. It relies on various testing principles, such as confidentiality, integrity, authentication, authorization, and non-repudiation. It assists in detecting any vulnerabilities in the system and benefits developers in fixing security issues through coding. It prevents the loss of information, data, reputation, and revenue of an organization. As a result, security testing is widely employed in the healthcare, education, IT and telecommunication, e-commerce, and banking, financial services, and insurance (BFSI) industries across the globe.

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Security Testing Market Trends and Drivers:

At present, the rising demand for security testing to prevent financial losses in businesses represents one of the key factors supporting the market growth across the globe. Besides this, the growing adoption of security testing solutions due to the increasing number of cyberattacks around the world is offering a positive market outlook. Apart from this, governing agencies of various countries are implementing stringent policies to promote the usage of security testing solutions, which is positively influencing the market. Moreover, the rising demand for security testing in the web-based businesses and telecom industry to enhance endpoint security is bolstering the growth of the market. Furthermore, the rising focus on cloud-based security testing, as it provides centralized protection and reduces administration, is strengthening the growth of the market.

Security Testing Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • 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
  • Veracode Inc.

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The report has segmented 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

Breakup by Testing Tool:

  • Web Application Testing Tool
  • Code Review Tool
  • Penetration Testing Tool
  • Software Testing Tool
  • Others

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by End User:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Retail and E-Commerce
  • Education
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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