Security Testing Market Growth, Size, Share, Trends, and Forecast 2032

Global Security Testing Market Insights

According to the report published by Zion Market Research, the global Security Testing Market size was valued at USD 11.58 Billion in 2023 and is predicted to reach USD 87.65 Billion by the end of 2032. The market is expected to grow with a CAGR of 25.34% during the forecast period. The report analyzes the global Security Testing Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Security Testing Market industry.

Request Free Sample

Global Security Testing Market: Overview

Security testing is testing of the software that reveals the vulnerabilities and threats in a software application. It also identifies the weakness and loopholes present in the software that may lead to loss of information or revenue. Security testing has six principles that include integrity, confidentiality, availability, authorization, authentication, and non-repudiation.

Global Security Testing Market: Growth Factors

Rising compliances of government on the security of data, increasing adoption of cloud by small and mid-sized enterprises as well as large scale enterprises, and rising threats of cyberattacks are some of the key factors boosting the global security testing market growth. Moreover, most of the companies are involved in collecting big data. Most of the time, the company working in IT healthcare or data science comprises data related to patients or personal information. In such cases, the concern arises regarding compliance.

Hence, security testing is required for use as well as a collection of big data. Furthermore, growing demand from the banking sector to efficiently tackle the risks associated with online transactions and customer data confidentiality is also spurring the growth of the global security testing market. On the other hand, higher maintenance costs and constrained knowledge of security testing may hinder the growth of the market. However, a new era of digitalization and the adoption of IoT may lead to great opportunities for the global security testing market in the forecast period.

The business world has been facing a huge challenge since the occurrence of the COVID-19 pandemic. The business is mostly dependent on information technology that includes cloud systems, data centers, digital devices, and data centers. These technologies are profitable targets for cybercriminals. The strict lockdown imposed during the lockdown has enforced the employees to work remotely. Thus, there is a rise in online communications and the whole operations of the business are also shifted online thereby increasing the risk of cyber-attacks.

The security of the organization’s perimeter is at high risk of getting breached. Moreover, some of the tools of video conferencing such as Zoom are also been hacked. Furthermore, banks have also chosen the path to work digitally to reach their customers in the lockdown period. Owing to all these situations there is a great demand for security testing to avoid cyber-attacks which in turn will drive the growth of the global security testing market.

Request Free Sample

Global Security Testing Market: Segmentation

The global security testing market is segmented by deployment, type, vertical, and region.

By deployment, the hybrid segmented in to On-premises, Cloud. The unprecedented cyber threats have enforced the organizations and companies to seek beyond the conventional methods of security testing that can be incorporated to meet strong security needs.

On the basis of route of Type, the market is segregated in to Network Security, Application Security, Web-based application, Mobile application security, Device Security, and Others

By vertical, the market is segregated into BFSI, IT & Telecom, Healthcare, Retail & E-Commerce, Education, Other. Owing to the adoption of technologies in this sector and the current situation of the covid-19 pandemic, many customers are preferring online services. Thus, this vertical is more prone to get breached and the hackers can easily get detailed information on credit cards and bank details.

Security Testing Market: Report Scope

Global Security Testing Market: Regional Analysis

North America holds the major share in the global security testing market followed by Europe. The major factors driving the growth of the security testing market in North America is the presence of major players operating in the market. Additionally, the increasing use of Artificial Intelligence and the Internet of Things based technologies owing to digitalization has fueled the growth of the security testing market in this region. The security testing market in Europe is growing at a healthy rate. Well-established IT infrastructure and larger investments by private players in this region are contributing to the growth of the market. However, Asia Pacific is expected to grow with the highest CAGR over the forecast period. Growing investments in the IT sector, government initiatives, and the presence of a healthy environment for the expansion of businesses are fueling the market growth in this region.

Global Security Testing Market: Competitive Players

The key players in the global security testing market are:

• SecureWorks
• Rapid7
• IBM
• Micro Focus
• Checkmarx
• WhiteHat Security
• McAfee
• Synopsys
• Veracode.

The Global Security Testing Market is segmented as follows:

By Deployment 

• On-premises
• Cloud 

By Type 

• Network Security 
• Application Security 
• Web-based application 
• Mobile application security 
• Device Security
• and Others 

By Vertical 

• BFSI 
• IT & Telecom 
• Healthcare 
• Retail & E-Commerce 
• Education, Other

Global Security Testing Market: Regional Segment Analysis

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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.