Security Assessment Market is expected to grow at a CAGR of 24.09% through 2030F
The
Global Security Assessment Market is projected to be led by the Vulnerability
Assessment segment, driven by increasing cyber risks and mandatory compliance
requirements, during the forecast period 2026-2030F
According to TechSci Research report, “Security Assessment Market -
Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F,
The Global Security Assessment Market was valued at USD 4.47 Billion in
2024 and is expected to reach USD 16.32 Billion by 2030 with a CAGR of 24.09%
through 2030.
Digital transformation is reshaping industries by
integrating automation, artificial intelligence, Internet of Things devices,
and advanced analytics into business models. While these innovations enhance
efficiency, they also introduce new vulnerabilities that require continuous
monitoring and assessment. In sectors such as manufacturing, healthcare,
retail, and finance, digital transformation initiatives often outpace security
measures, creating gaps that malicious actors exploit. Security assessments provide
organizations with the ability to test evolving systems, validate the
resilience of new applications, and align technology adoption with security
standards. Enterprises undergoing large-scale modernization recognize that
without security assessments, transformation could accelerate risks rather than
innovation.
The proliferation of Internet of Things devices in
industries like logistics, energy, and smart cities further underscores the
importance of security assessments. These connected devices often have limited
inbuilt security and are vulnerable to exploitation, posing risks to both data
integrity and physical infrastructure. By adopting security assessments,
organizations can conduct risk mapping across Internet of Things ecosystems,
ensuring safe deployment and usage. As digital transformation accelerates globally,
security assessments will evolve into a critical enabler, allowing businesses
to innovate confidently while maintaining resilience against cyber threats. The
Cybersecurity and Infrastructure Security Agency (CISA) noted in 2023 that 70%
of Internet of Things devices tested during audits contained at least one
critical vulnerability. This staggering figure highlights why organizations
undergoing digital transformation increasingly require robust security
assessments to mitigate emerging risks.
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In
2024, the SMEs segment emerged as the fastest-growing organization size in the
Global Security Assessment Market, driven by the rapid pace of digital adoption
among small and medium enterprises. As SMEs increasingly embrace cloud-based
platforms, digital payments, and e-commerce operations, they face heightened
cybersecurity vulnerabilities. This has created a strong demand for
cost-effective and scalable security assessment solutions that can help them
safeguard sensitive customer and business data. Unlike large enterprises with
dedicated security infrastructures, SMEs often operate with limited budgets and
resources, making external security assessment services an essential choice to
manage risks efficiently.
The
rising number of targeted cyberattacks on SMEs has accelerated the adoption of
vulnerability assessments, penetration testing, and compliance audits within
this segment. Many SMEs also face growing pressure from clients, regulators,
and partners to adhere to global cybersecurity standards and industry-specific
compliance mandates. With advancements in artificial intelligence and
automation, security assessment providers are offering affordable solutions
tailored to the specific needs of SMEs, ensuring they can achieve
enterprise-level protection without heavy investment. This trend is expected to
continue, with SMEs becoming one of the most dynamic contributors to the
overall expansion of the Global Security Assessment Market in the coming years.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Security Assessment Market, fueled by rapid digital transformation and
the rising adoption of cloud-based platforms across enterprises. Countries such
as China, India, Japan, and South Korea significantly invested in cybersecurity
frameworks to address growing vulnerabilities from increased connectivity,
e-commerce growth, and expansion of digital banking. Government regulations
mandating stricter data protection also propelled demand for security
assessment solutions. Additionally, the rise of small and medium-sized
enterprises adopting affordable and scalable cybersecurity assessments
contributed to market acceleration. The region’s expanding technology
ecosystem, combined with the growing sophistication of cyberattacks, ensures
Asia Pacific remains a high-potential hub for future security assessment growth.
Key
market players in the Security Assessment Market are: -
- IBM
Corporation
- Accenture
plc
- Rapid7,
Inc.
- Qualys,
Inc.
- Trustwave
Holdings, Inc.
- Alphabet
Inc.
- CrowdStrike
Holdings, Inc.
- Synopsys,
Inc.
- Trellix
- Kaspersky
Lab
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“The
Global Security Assessment Market will witness strong growth in the future,
driven by rising cyber threats, regulatory compliance requirements, and
increasing cloud adoption across industries. Organizations are prioritizing
proactive risk management, vulnerability detection, and security audits to
safeguard critical digital assets. With the rapid adoption of artificial
intelligence, machine learning, and automation, security assessments will
become more predictive, continuous, and cost-efficient. The growing reliance on
digital infrastructure, remote work models, and advanced technologies such as
Internet of Things and 5G will amplify demand. Emerging markets, particularly
in Asia Pacific and South America, will further accelerate market expansion.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Security Assessment
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Vulnerability Assessment, Penetration Testing, Risk
Assessment, Security Audits, Compliance Assessment), By Deployment
(On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Region,
By Competition, 2020-2030F” has
evaluated the future growth potential of Security Assessment Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Security Assessment Market.
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