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Security testing Market Size, Industry Trends Report | 2031

Security Testing Market

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Segments - By Deployments (Cloud, On-premise, and Hybrid), Types (Network Security [VPN Testing, Firewall Testing, and Others] and Application Security [Application Types {Mobile Application Testing, Web Application Security Testing, Cloud Application Security Testing, and Enterprise Application Testing} and Testing Types {SAST, DAST, IAST, and RASP}]), Testing Tools (Web Application Testing Tools, Code Review Tools, and Penetration Testing), Applications (BFSI, Government, Healthcare, and Financial Services), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2023–2031

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Report Description

The global security testing market size was valued at around USD 8.73 Billion in 2022 and is anticipated to reach USD 77.73 Billion by 2031, expanding at a CAGR of around 27.5% during the forecast period, 2023 to 2031. The growth of the market is attributed to the rising number of smartphones as well as web-based business critical applications.

Security testing is a type of software testing that uncovers vulnerabilities, threats, and risks in a software application and prevents malicious attacks from intruders. The objective of security tests is to identify all possible loopholes and weaknesses of the software system, which results in a loss of information, revenue, repute at the hands of the employees, or outsiders.

Security testing helps to identify the threats in the system and measure its potential vulnerabilities. This enables system to encounter threats and the system does not stop functioning. It also helps in detecting all possible security risks in the system, which helps developers to fix the problems through coding.

Security Testing Market Trends, Drivers, Restraints, and Opportunities

Increasing sophistication in cyberattacks is anticipated to drive the market growth.
Rising adoption of Internet of Things (IoT) devices and Bring Your Own Device (BYOD) is expected to boost the security testing market.
Growing number of initiatives by government state bodies and enterprises with focus on digitalization are speculated to positively impact the security testing market.
Increasing government regulations is expected to propel the security testing market.
Growing demand for cost-effective cloud-based security testing is one of the major factors driving the market growth.
Security breaches due to internal vulnerabilities can hinder the security testing market.
Implementation of latest technologies, incuding DevOps, DevSecOps, and Agile in software security testing is anticipated to create lucrative opportunities for security testing vendors during the forecast period.

Scope of Security Testing Market Report

The report on the global security testing market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Security testing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Deployments (Cloud, On-premise, and Hybrid), Types (Network Security [VPN Testing, Firewall Testing, and Others] and Application Security [Application Types {Mobile Application Testing, Web Application Security Testing, Cloud Application Security Testing, and Enterprise Application Testing} and Testing Types {SAST, DAST, IAST, and RASP}]), Testing Tools (Web Application Testing Tools, Code Review Tools, and Penetration Testing), Applications (BFSI, Government, Healthcare, and Financial Services)
Regional Scope	North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Accenture PLC, Cisco Systems Inc., Hewlett Packard Enterprise Company, IBM Corporation, and McAfee LLC

Security Testing Market Segment Insights

Deployments Segment Analysis

Based on deployments, the global security testing market is divided into cloud, on-premise, and hybrid. The hybrid segment is anticipated to account for a considerable market share owing to incorporation of strong security practices in each step of the software development lifecycle, which requires collaboration over the cloud computing solution.

The hybrid solutions emerged as the most feasible solution for organizations. The large enterprises are subject to many compliance and internal regulations, thus security testing teams are required to use automatic security tools as parts of the process of building applications and solutions.

Types Segment Analysis

On the basis of types, the global security testing market is divided into network security and application security. The network security is further bifurcated into VPN testing, firewall testing, and others. The application security segment is sub-segmented into application types and testing types.

The application types segment is further classified as mobile application testing, web application security testing, cloud application security testing, and enterprise application testing. The testing types segment is segregated into SAST, DAST, IAST, and RASP.

The application security testing segment is anticipated to exhibit a high CAGR during the forecast period. The factors attributed to the growth of the segment are associated with increasing web and mobile applications being susceptible to vulnerabilities and threats.

Testing Tools Segment Analysis

In terms of testing tools, the market is segregated into web application testing tools, code review tools, and penetration testing. The penetration testing segment is anticipated to account for a major market share during the forecast period owing to the increasing cyberattacks on critical hardware and software applications.

Applications Segment Analysis

Based on applications, the global security testing market is segmented into BFSI, government, healthcare, and financial services.

The BFSI segment is expected to account for a significant market share owing to the increasing adoption of technology, as the business vertical is exposed to various vulnerabilities, which hackers may use to exploit critical information, such as personal information and bank account and credit card details. To alleviate such vulnerabilities, financial institutes are constantly exploring security solutions.

Regional Analysis

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is speculated to dominate the market owing to the technological advancements and huge funding in R&D activities. Continuous product development and new product launches are anticipated to positively influence the market growth.

Segments

The global security testing market has been segmented on the basis of

Deployments

Cloud
On-premise
Hybrid

Types

Network security
- VPN Testing
- Firewall Testing
- Other service types

Application security
- Application testing
- Testing types

Testing Tools

Web Application Testing Tools
Code Review Tools
Penetration Testing

Applications

BFSI
Government
Healthcare
Financial services

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players

Accenture PLC
Cisco Systems Inc.
Hewlett Packard Enterprise Company
IBM Corporation
McAfee LLC

Competitive Landscape

Key players operating in the global security testing market includes Accenture PLC, Cisco Systems Inc., Hewlett Packard Enterprise Company, IBM Corporation, and McAfee LLC.

Security Testing Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Security testing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Security testing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Security testing Market - Supply Chain
  4.5. Global Security testing Market Forecast
     4.5.1. Security testing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Security testing Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Security testing Market Absolute $ Opportunity
5. Global Security testing Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Security testing Market Size and Volume Forecast by Types
     5.3.1. Network security Application security
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Security testing Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Security testing Market Size and Volume Forecast by Applications
     6.3.1. BFSI Government Healthcare Financial services
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Security testing Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Security testing Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Security testing Demand Share Forecast, 2019-2026
8. North America Security testing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Security testing Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Security testing Market Size and Volume Forecast by Types
     8.4.1. Network security Application security
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Security testing Market Size and Volume Forecast by Applications
     8.7.1. BFSI Government Healthcare Financial services
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Security testing Demand Share Forecast, 2019-2026
9. Latin America Security testing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Security testing Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Security testing Market Size and Volume Forecast by Types
     9.4.1. Network security Application security
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Security testing Market Size and Volume Forecast by Applications
     9.7.1. BFSI Government Healthcare Financial services
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Security testing Demand Share Forecast, 2019-2026
10. Europe Security testing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Security testing Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Security testing Market Size and Volume Forecast by Types
     10.4.1. Network security Application security
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Security testing Market Size and Volume Forecast by Applications
     10.7.1. BFSI Government Healthcare Financial services
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Security testing Demand Share Forecast, 2019-2026
11. Asia Pacific Security testing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Security testing Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Security testing Market Size and Volume Forecast by Types
     11.4.1. Network security Application security
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Security testing Market Size and Volume Forecast by Applications
     11.7.1. BFSI Government Healthcare Financial services
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Security testing Demand Share Forecast, 2019-2026
12. Middle East & Africa Security testing Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Security testing Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Security testing Market Size and Volume Forecast by Types
     12.4.1. Network security Application security
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Security testing Market Size and Volume Forecast by Applications
     12.7.1. BFSI Government Healthcare Financial services
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Security testing Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Security testing Market: Market Share Analysis
  13.2. Security testing Distributors and Customers
  13.3. Security testing Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Accenture PLC Cisco Systems Inc. Hewlett Packard Enterprise Company IBM Corporation McAfee LLC

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