Press Release

Cloud-Based Deployment to Push Global Security Testing Market through 2024

Technological advancements and increasing need for preventing data loss to drive global security testing market through 2024

According to TechSci Research report, Global Security Testing Market By Type, By Tools, By Deployment Mode, By End User, By Region, Competition, Forecast & Opportunities, 2024, global security testing market is expected to grow at a double-digit CAGR during the forecast period, owing to increasing number of connected devices due to rising adoption of IoT and BYOD trend that are susceptible to advanced persistent threats. Moreover, need for improved security due to growing deployment of third-party applications is expected to positively influence global security testing market in coming years.

 Security testing market, globally, can be segmented based on type, tools, deployment mode, end-user and region. Based on type, the market can be classified into application security testing, device security testing and network security testing. Application security testing is expected to grow at the highest rate during the forecast period, as these solutions are deployed by organizations to secure web and mobile applications. In terms of tools, web testing tools segment is anticipated to exhibit the fastest growth rate, on account of increasing number of attacks on crucial software and hardware applications of organizations. Based on deployment mode, the market can be bifurcated into on-premise and cloud. The traction of cloud-based deployment is increasing, as more and more SMEs are implementing cloud-based security testing solution, backed by their cost effectiveness and time efficiency.     

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Cisco Systems, Inc., Hewlett Packard Enterprise Company, IBM Corporation, Accenture PLC, Checkmarx Ltd., Veracode, Inc., Applause App Quality, Inc., WhiteHat Security, Intertek Group Plc., Qualys, Inc., etc. are among the leading players operating in global security testing market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

“With presence of leading players and stringent mandates and regulations in countries such as Canada and the US, North America dominated global security testing market in 2018 and is expected to continue its market dominance during the forecast period. However, Asia-Pacific security testing market is expected to register strong growth, owing to increasing adoption of technologies and huge opportunities across industry verticals in the countries.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Security Testing Market By Type, By Tools, By Deployment Mode, By End User, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global security testing 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 global security testing market.


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