The Global Security Testing Market size is predicted to reach $29 billion by 2030, growing at a CAGR of 17.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The increasing adoption of cloud computing and mobile applications, the growing sophistication of cyberattacks poised to propel the market growth, finds IndustryARC in its recent  report, titled “Security Testing Market Size, Share & Trends Analysis Report By Type (Device Security Testing, Network Security Testing, Social Engineering, Application Security Testing, Others), By Testing Tool (Code Review Testing Tool, Web Application Testing Tool, Software Testing Tools, Penetration Testing Tool, Others), By Enterprise Size (Small & Medium-Sized Enterprises (SMEs), Large Enterprises), By Vertical (BFSI, Education, IT & Telecom, Manufacturing, Energy & Utilities, Government, Retail & E-Commerce, Others), By Region and Segment Forecasts, 2024–2030”

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Asia-Pacific Register Highest Growth:

The Security Testing industry in the Asia-Pacific region is expanding due to rapid digitalization, widespread adoption of cloud services, and the surge in IoT devices have created an expansive attack surface. Heightened cyber threats have magnified the importance of security testing. Additionally, the region’s diverse industries, from finance to manufacturing, are recognizing the need for proactive cybersecurity measures. This confluence of factors has accelerated demand for comprehensive security testing services, positioning Asia-Pacific as a burgeoning hub for security solutions providers and innovation in the field.

Security Testing Market 2024-2030: Scope of the Report

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Zero-Trust Security Market Report – Key Takeaways:

Large Enterprises Dominate the Market

The Large Enterprises segment had the largest market share of 62.5% in 2023 owing to extensive digital infrastructure and higher susceptibility to cyber threats. Managing vast networks, sensitive data, and complex systems necessitates comprehensive security measures. Regulatory compliance pressures, potential financial losses, and reputational risks drive large enterprises to invest significantly in advanced security testing solutions. Their influence on the market’s growth and their dedication to fortifying cybersecurity make large enterprises prominent drivers within the security testing landscape.

Healthcare to Register Highest Growth

Healthcare is analyzed to grow with the highest CAGR of 18.7% during the forecast period. The healthcare sector’s rapid digitization, coupled with increasing cyber threats targeting patient data and medical devices, drives its exceptional growth in security testing demand. Stricter compliance requirements such as HIPAA intensify the need for robust security measures. The potential impact of breaches on patient safety and confidentiality underscores the urgency. 

North America is Leading the Market

North America region held a major market share of the global security testing market in 2023. The region’s technological prowess, high cybersecurity awareness, stringent regulatory environment, and the presence of major tech companies foster a strong demand for security testing services. Escalating cyber threats and the need to ensure compliance with regulations like GDPR and HIPAA further amplify the market’s growth. North America’s leadership in innovation and cybersecurity infrastructure positions it as a frontrunner in driving advancements within the security testing landscape.

Burgeoning Opportunities in 5G Network Security Testing

The advent of 5G networks has ushered in a new era of connectivity, alongside heightened security challenges. Ensuring the integrity and resilience of 5G networks is paramount. This trend has given rise to a burgeoning opportunity in the security testing market, with the need for specialized solutions to assess vulnerabilities in these advanced communication networks. Companies can seize this opportunity by providing cutting-edge 5G network security testing services, aiding organizations in safeguarding their critical infrastructure and data from emerging cyber threats.

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Key Opportunity Analysis:

Emergence of Automated Security Testing

The rise of automated security testing solutions is reshaping the security testing landscape. With the complexity of cyber threats, organizations seek efficient ways to identify vulnerabilities. Automated testing tools offer speed and accuracy, addressing the need for comprehensive assessment in shorter timeframes. This shift has unlocked an opportunity for developers and providers to offer advanced automated security testing tools and services, empowering organizations to bolster their defenses efficiently while staying agile in the face of evolving cyber risks.

Mobile App Security Testing Adoption

The widespread adoption of mobile applications across industries has triggered a surge in demand for mobile app security testing. With the expanding attack surface on mobile platforms, organizations require specialized testing to identify vulnerabilities and ensure user data privacy. This trend has created a lucrative market for innovative mobile app security testing solutions, enabling companies to provide comprehensive assessments, enhance app security, and capitalize on the growing need to protect sensitive information in the mobile landscape.

High Demand for Remote Security Testing

The increasing reliance on remote work and digital operations has fueled a heightened demand for remote security testing solutions. Organizations now seek ways to evaluate their digital defenses without physical presence. This trend has opened avenues for innovative remote testing tools and services, facilitating efficient vulnerability assessment and threat identification. Capitalizing on this demand, companies can offer tailored remote security testing solutions to cater to the evolving cybersecurity needs of businesses, thereby expanding their market presence and offerings.

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The Report also Covers the Following Areas:

Security Testing Market Size and Forecast

Security Testing Market Trends

Security Testing Market Analysis by Type

Security Testing Market 2024-2030: Key Highlights

CAGR of the market during the forecast period 2024-2030

Value Chain analysis of key stake holders

Detailed analysis of market drivers and opportunities during the forecast period

Security Testing Market size estimation and forecast

Analysis and predictions on end users’ behavior and upcoming trends

Competitive landscape and Vendor market analysis including offerings, developments, and financials

Comprehensive analysis of challenges and constraints in the Security Testing Market

Covid and Ukrainian Crisis Impact:

The COVID-19 pandemic reshaped the security testing landscape. The surge in remote work and heightened digital interactions exposed vulnerabilities, prompting organizations to seek robust security testing solutions. While some industries faced budget constraints, others accelerated their security testing efforts to ensure secure remote access. The pandemic underscored the importance of cybersecurity, driving long-term investments in security testing to withstand evolving cyber threats and ensure business continuity in remote work environments.

The Ukraine crisis had indirect implications for the security testing market. Heightened geopolitical tensions prompted businesses to bolster their cybersecurity measures, including thorough security testing, to defend against potential state-sponsored cyberattacks. While not directly altering market dynamics, the crisis accentuated the need for proactive security measures. It drove organizations to consider advanced security testing tools and methodologies to ensure preparedness against unforeseen cyber disruptions arising from geopolitical instability.

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List of Key Market Players in Security Testing Market:

The Global Security Testing Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

1. Secureworks Inc.
2. IBM Corporation
3. AT&T Inc.
4. Micro Focus International Plc
5. Cigniti Technologies Ltd
6. Rapid7, Inc.
7. Synopsys, Inc.
8. Cisco Systems, Inc.
9. Fortra, LLC
10. NTT Security Holdings

Related Reports:

Application Testing Services Market – The Application Testing Services Market is projected to grow at a CAGR of 12.7% from 2023 to 2030.  The rising demand for products with quality assurance are the factors driving the application testing services market. Further technological advancements such as AI, IoT, Big Data and others for developing advanced application testing solutions that involve processes like static code analysis and code design act as major drivers for the enlargement of the application testing services market growth.

Cloud Testing Tool Market – The Cloud Testing Tool Market is projected to grow at a CAGR of 13.5% from 2023 to 2030. the increasing adoption of cloud computing in various industries such as Healthcare, BFSI and Retail & E-commerce is set to drive the Cloud Testing Tool market.

Dynamic Application Security Testing Market – The Dynamic Application Security Testing Market is projected to grow at a CAGR of 17.4% from 2023 to 2030. The growing demand for application security by major industry verticals such as healthcare, IT and Telecom and many others along with higher usage of mobile applications are helping in significant market growth.

IoT testing Market – The IoT testing Market is projected to grow at a CAGR of 15.5% from 2023 to 2030. The IoT testing market is majorly driven by the increasing software development that has led to the rising need for more testing solutions and services. Growing use of smart gadgets and installation of smart meters, homes and others is also set to propel the market growth.

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