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Security Testing Market Size (2024 - 2029)

The Security Testing Market is experiencing significant growth, driven by the increasing adoption of IoT devices and BYOD practices, which necessitate enhanced security measures. Traditional protection methods are proving insufficient, prompting enterprises to adopt cybersecurity strategies that incorporate security testing tools to identify and rectify vulnerabilities. The market's expansion is further fueled by the rising complexity of cyberattacks, which demand robust endpoint protection for critical applications. However, the growth trajectory is challenged by the evolving landscape of cybercrime, particularly on smart devices and platforms, where factors such as a shortage of cybersecurity expertise and high security testing costs pose obstacles.

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Market Size of Security Testing Industry

Security Testing Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 26.76 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Security Testing Market Major Players

*Disclaimer: Major Players sorted in no particular order

Security Testing Market Analysis

The Security Testing Market is expected to register a CAGR of 26.76% during the forecast period.

The increasing adoption of IoT devices and BYOD (bring your own device) stimulates the market's growth. IoT-connected devices must be tested and set a minimum level of security as their importance to our daily lives increases.

  • It's becoming increasingly clear that traditional methods like antimalware software are no longer enough to protect sensitive information. To deal with this challenge, individual enterprises are strengthening their sensitive information through a cybersecurity strategy by using security testing tools to protect it more effectively. These tools for security testing (ST) are used to find and fix holes in the system.
  • An increase in worldwide security testing market growth, owing to the complexity of cyberattacks, leads to a surge in web and mobile enterprises' critical applications that require a greater degree of secure endpoint protection and businesses that implement safety measures designed to mitigate financial loss.
  • While cloud computing has increased the flexibility and functionality of organizations, it also allows digital adversaries to leverage its elasticity similarly. Cybercriminals use cloud computing platforms to carry out attacks such as DNS denial of service.
  • In addition, many systems and applications available today can be accessed from multiple browsers, cellular platforms, and devices. Therefore, it is anticipated that market growth will be hindered by the emergence of a new cybercrime hot spot on smart devices and platforms like tablet computers, with factors including a lack of expertise in cybersecurity and greater costs associated with security testing.

Security Testing Industry Segmentation

Security testing is a type of software testing that intends to uncover the system's vulnerabilities and determine that its data and resources are protected from possible intruders. Security testing of any system is about finding all the possible loopholes and weaknesses that may result in a loss of information, revenue, and reputation at the hands of the employees or the outsiders of the organization.

The security testing market is segmented by deployment (cloud and on-premises, hybrid), type (network security (VPN testing, firewall testing) and application security testing (application type (mobile application security testing, web application security testing, cloud application security testing, enterprise application security testing) testing type (SAST, DAST, IAST, RASP)), testing tool (web application testing tool, code review tool, and penetration testing, software testing tool), end-user industry (government, BFSI, healthcare, manufacturing, IT and telecom, retail), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Deployment
On Premise
Cloud
Hybrid
By Type
Network Security Testing
VPN Testing
Firewall Testing
Other Service Types
Application Security Testing
Application Type
Mobile Application Security Testing
Web Application Security Testing
Cloud Application Security Testing
Enterprise Application Security Testing
Testing Type
SAST
DAST
IAST
RASP
By Testing Tool
Web Application Testing Tool
Code Review Tool
Penetration Testing Tool
Software Testing Tool
Other Testing Tools
By End user Industry
Government
BFSI
Healthcare
Manufacturing
IT and Telecom
Retail
Other End user Industries
By Geography***
North America
Europe
Asia
Latin America
Middle East and Africa
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Security Testing Market Size Summary

The security testing market is poised for significant growth, driven by the increasing adoption of IoT devices and the BYOD trend, which necessitates robust security measures to protect sensitive information. Traditional security methods, such as antimalware software, are proving insufficient against the complexity of modern cyber threats. As a result, enterprises are increasingly turning to security testing tools to identify and remediate vulnerabilities in their systems. The rise in cyberattacks has heightened the demand for secure endpoint protection, particularly for web and mobile applications. While cloud computing offers enhanced flexibility, it also presents new challenges, as cybercriminals exploit its capabilities to launch attacks. The market is expected to expand as organizations seek cloud-based security testing solutions, which offer centralized protection and cost efficiency, alongside the adoption of new technologies like DevOps and AgileOps.

The North American region is a key driver of the security testing market, benefiting from the early adoption of advanced technologies such as IoT, AI, and automation across various sectors. The region's stringent regulatory environment, particularly in industries like BFSI, mandates compliance with security testing standards. The presence of major cloud service providers further fuels the growth of cloud-based security testing solutions. The market is highly competitive, with major players like Hewlett Packard Enterprise and McAfee LLC leveraging strategic innovations and partnerships to expand their global footprint. These companies are focusing on enhancing their offerings through advancements in cloud services and comprehensive security solutions, catering to the growing need for robust cybersecurity measures in an increasingly interconnected world.

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Security Testing Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 COVID-19 Impact on the Market

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Deployment

      1. 2.1.1 On Premise

      2. 2.1.2 Cloud

      3. 2.1.3 Hybrid

    2. 2.2 By Type

      1. 2.2.1 Network Security Testing

        1. 2.2.1.1 VPN Testing

        2. 2.2.1.2 Firewall Testing

        3. 2.2.1.3 Other Service Types

      2. 2.2.2 Application Security Testing

        1. 2.2.2.1 Application Type

          1. 2.2.2.1.1 Mobile Application Security Testing

          2. 2.2.2.1.2 Web Application Security Testing

          3. 2.2.2.1.3 Cloud Application Security Testing

          4. 2.2.2.1.4 Enterprise Application Security Testing

        2. 2.2.2.2 Testing Type

          1. 2.2.2.2.1 SAST

          2. 2.2.2.2.2 DAST

          3. 2.2.2.2.3 IAST

          4. 2.2.2.2.4 RASP

    3. 2.3 By Testing Tool

      1. 2.3.1 Web Application Testing Tool

      2. 2.3.2 Code Review Tool

      3. 2.3.3 Penetration Testing Tool

      4. 2.3.4 Software Testing Tool

      5. 2.3.5 Other Testing Tools

    4. 2.4 By End user Industry

      1. 2.4.1 Government

      2. 2.4.2 BFSI

      3. 2.4.3 Healthcare

      4. 2.4.4 Manufacturing

      5. 2.4.5 IT and Telecom

      6. 2.4.6 Retail

      7. 2.4.7 Other End user Industries

    5. 2.5 By Geography***

      1. 2.5.1 North America

      2. 2.5.2 Europe

      3. 2.5.3 Asia

      4. 2.5.4 Latin America

      5. 2.5.5 Middle East and Africa

Security Testing Market Size FAQs

The Security Testing Market is projected to register a CAGR of 26.76% during the forecast period (2024-2029)

Core Security Technologies Inc, Offensive Security LLC, Applause App Quality Inc, IBM Corporation and Cisco Systems Inc. are the major companies operating in the Security Testing Market.

Security Testing Market Report Snapshots

Security Testing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)