Global security testing market is projected to grow at a CAGR
of over 16% during the forecast period, on account of surging adoption of cloud-based
security solutions and growing need for the protection of valuable assets such
as mobile applications. Security testing is a testing technique used to identify
security gaps present in the system and to ensure whether IT infrastructure
components like devices, applications and networks are free from security
vulnerabilities. Increasing trend of bring your own device (BYOD) and Internet of
Things (IoT) is expected to drive the market. Moreover, government mandates and
norms in application development are likely to positively influence global security
testing market during the forecast period.
Security testing market can be
segmented based on type, tools, deployment mode and end user. Based on the
type, the market can be segmented into network security testing, device
security testing and application security testing. Organizations are deploying application
security testing solutions in order to secure mobile and web applications.
Moreover, increasing penetration of IoT involves large number of connected
applications that are susceptible to various threats, as a result pushing demand
for security testing. Security testing solutions can be deployed on-premise and
cloud. The demand for cloud deployment mode is likely to increase in the coming
years, as it offers cost-effective and time-effective features. Security testing
market caters to various end users like retail, BFSI, IT & telecom,
government and others. Government and BFSI are the major segments in global
security testing market, as the critical data and applications used by
verticals are prone to advanced threats.
In 2018, North America, followed
by Europe, dominated global security testing market due to early adoption of the
technology in economies like the US and Canada and presence of leading players
in the region.
Major players operating in global
security testing market are Cisco Systems, Inc., Hewlett Packard Enterprise
Company, IBM Corporation, Accenture PLC, SecureWorks, Checkmarx Ltd., Veracode,
Inc., Applause App Quality, Inc., WhiteHat Security, Intertek Group Plc. and Qualys,
Inc. Major companies are developing advanced technologies and launching new
products in order to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new product developments. IBM
Security and Check Point Software Technologies Ltd. have entered into a strategic
alliance on managed security services (MNS), advanced mobile protection,
integrated event management and shared threat intelligence.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global security
testing market size.
- To classify and forecast global security
testing market based on type, tools, deployment mode, end-user and
regional distribution.
- To identify drivers and challenges for global
security testing market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
security testing market.
- To conduct the pricing analysis for global security
testing market.
- To identify and analyze the profile of leading
players operating in global security testing market.
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Some of the leading players
in global security testing market include Cisco Systems, Inc.,
Hewlett Packard Enterprise Company, SecureWorks, IBM Corporation, Accenture
PLC, Checkmarx Ltd., Veracode, Inc., Applause App Quality, Inc., WhiteHat
Security, Intertek Group Plc. and Qualys, Inc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service offerings, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated global security testing market size by using a bottom-up approach, where data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Security testing tools and service providers
- Network solution providers
- Research organizations and consulting
companies
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
Security Testing
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global security testing market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, by Type:
- Application Security
Testing
- Network Security
Testing
- Device Security
Testing
- Market, by Tools:
- Web Testing
tools
- Penetration
Testing tools
- Automated
Testing tools
- Code Review
tools
- Market, by Deployment Mode:
- Market, by End User:
- BFSI
- Telecom &
IT
- Government
- Retail
- Others
- Market, by Region:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Singapore
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Qatar
- Rest of MEA
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in global security testing market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com