Security Testing Market, By Deployment (On-Premise, Cloud, and Hybrid), By Type (Network Security Testing, (VPN Testing, Firewall Testing and Other Service Types), and Application Security Testing (Application Type (Mobile Application Security Testing, Web Application Security Testing, Cloud Application Security Testing, and Enterprise Application Security Testing), and Testing Type (SAST, DAST, IAST, and RASP)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI415520 | Publish Date: April 2023 | No. of Pages: 168

Global Security Testing Market Overview

Introduction:

Security testing is a testing technique that determines whether the IT infrastructure components such as networks, application, devices, and others are free from security vulnerabilities or not. It is about detecting security gaps present in the system, which might be exploited by attackers. Security testing is aimed at verifying confidentiality, integrity, authorization, authentication, availability, and non-repudiation of critical information present in a system. Network security testing, application security testing, and device security testing are some major types of security testing. The security testing techniques allow organizations to take proactive initiatives to maintain a secure environment and protect critical business systems. The global Security Testing market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 52.71 billion by 2030 and is anticipated to register a CAGR of 26.0%.

Global Security Testing Market Dynamics

Need for improved security due to increased deployment of third-party Types

The organizations are rapidly growing due to the adoption of cutting-edge solutions to enhance productivity. In order to coordinate cross-business processes and facilitate the customers in the best possible way, the organizations are deploying third-party Types wherever necessary. These third-party Types may be prone to cyber-attacks due to the variations in security policies of different organizations. The cyber attackers are targeting the vulnerable third-party Types and harming the valuable assets of organizations. Thus, there is growth in adoption of security testing solutions to detect and mitigate the security vulnerabilities in cross platforms. The organizations are looking forward to deploy security testing solutions to address the cyber security issues in the cross-platform infrastructures.

Rising demand for protection of software bound valuable properties such as mobile and web Types

The rising demand for protection of software bound valuable properties such as mobile and web application is the major driver for the growth of global security testing market. The emerging trends of Internet of Things (IoT) and Bring Your Own Device (BYOD) has led to rise in application development, which is anticipated to drive the consumption of security testing tools and services. The government regulations and norms in software development is expected to boost the growth of security testing market. The increasing adoption of application security testing by organizations to detect Advanced Persistent Threat (APT) and vulnerabilities is expected to drive the growth of security testing market.

Higher innovation and deployment cost affecting budgets

High innovation cost is a major factor restraining the growth of the market. Organizations across the globe have increased the spending on cyber security to protect the critical IT infrastructure from cyber threats. However, for many SMEs, these investment costs are a matter of concern. Furthermore, for strong and advanced security, the cost of innovation is still high and many organizations view budgetary constraints as a barrier for growth in the security testing market. This lack of adequate budget continues to be a growing concern for cyber security professionals, as it prevents them from effectively carrying out their IT security operations.

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Global Security Testing Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global security testing market is segmented based on deployment, type, and region.

On the basis of deployment, the global security testing market is segmented into on-premise, cloud, and hybrid. Based on type, the global market is classified into network security testing, and application security testing. The network security test is segmented into VPN testing, firewall testing, and other service types. The application security testing is bifurcated into application type and testing type. The application type is classified into mobile application security testing, web application security testing, cloud application security testing, and enterprise application security testing. The testing type is segmented into SAST, DAST, IAST, and RASP.

Regional Insights:

The global Security Testing market accounted for US$ 5.34 billion in 2020 and is estimated to be US$ 52.71 billion by 2030 and is anticipated to register a CAGR of 26.0%. On region the global security testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America holds significant share in security testing market, owing to the technological advancements in IT industry. Western Europe also accounts for significant share in global security testing market. This attributed to rise in adoption of Bring Your Own Device (BYOD) in different organizations in the region. Asia Pacific is anticipated to register high CAGR during the forecast period. The rising investment in the enhancing the security features across various industry verticals is expected to drive the growth of security testing market in the region

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Deployment - On-Premise, Cloud, and Hybrid

By Type – Network Security Testing, (VPN Testing, Firewall Testing and Other Service Types), and Application Security Testing (Application Type (Mobile Application Security Testing, Web Application Security Testing, Cloud Application Security Testing, and Enterprise Application Security Testing), and Testing Type (SAST, DAST, IAST, and RASP)

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Security Testing market report based on deployment, type, and region.

Global Security Testing Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Security Testing Market Key Players

The key players operating the global Security Testing market includes Cisco Systems, Inc., Hewlett Packard Enterprise, IBM Corporation, Qualys, Inc., WhiteHat Security, Applause App Quality, Inc., Veracode, Checkmarx, UL LLC, and Intertek Group plc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in February 2020 Cisco Simplifies Security and Tackles Complexity with New Cloud-Native Platform, SecureX.  In February 2019 - Help Systems acquired the Core Security assets from SecureAuth. The assets acquired from SecureAuth are the solutions for identity governance and administration, penetration Deployment, threat detection, and vulnerability management. Through this acquisition, the company aims to help its customers to stay ahead of the shifting cybersecurity environment.

Global Security Testing Market Company Profile

  • Cisco Systems, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hewlett Packard Enterprise
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBM Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Qualys, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • WhiteHat Security
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Applause App Quality, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Veracode, Checkmarx
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • UL LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Intertek Group plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Security Testing Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Security Testing Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Deployment
      • Market Snippet, By Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Security Testing Market, By Deployment, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • On-Premise
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cloud
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hybrid
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Security testing Market, By Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Network Security Testing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
        • VPN Testing
        • Firewall Testing
        • Other Service Types
    • Application Security Testing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
        • Application Type
          1. Mobile Application Security Testing
          2. Web Application Security Testing
          3. Cloud Application Security Testing
          4. Enterprise Application Security Testing
        • Testing Type
          1. SAST
          2. DAST
          3. IAST
          4. RASP
  7. Global Security Testing Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Security testing and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Security testing and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Security testing and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Security testing and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Security testing and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
    • Cisco Systems, Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Business Strategies
    • Hewlett Packard Enterprise
    • IBM Corporation
    • Qualys, Inc.
    • WhiteHat Security
    • Applause App Quality, Inc.
    • Veracode
    • Checkmarx
    • UL LLC
    • Intertek Group plc
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global security testing market is segmented based on deployment, type, and region.

Rising demand for protection of software bound valuable properties such as mobile and web Types and Higher innovation and deployment cost affecting budgets

North America holds significant share in security testing market, owing to the technological advancements in the IT industry.

Key players are focusing on the acquisition strategy. For instance, In February 2019 - Help Systems acquired the Core Security assets from SecureAuth. The assets acquired from SecureAuth are the solutions for identity governance and administration, penetration deployment, threat detection, and vulnerability management.