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 - Trends, Analysis and Forecast till 2030

Security Testing Market accounted for USD 5.34 Billion in 2020 and is estimated to be USD 52.71 Billion by 2030 and is anticipated to register a CAGR of 26.0%.

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.

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.

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

Report Scope:

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.

Security Testing Market, By Region:

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

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.

• Cisco Systems, Inc.
• Hewlett Packard Enterprise
• IBM Corporation
• Qualys, Inc.
• WhiteHat Security
• Applause App Quality, Inc.
• Veracode, Checkmarx
• UL LLC
• Intertek Group plc