Security Testing Market, By Testing Type, By Deployment Mode, By Organization Size, By Vertical, By Geography

Description

The global security testing market size was valued at US$ 10.94 billion by 2023 and is expected to reach US$ 38.50 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.7% from 2023 to 2030 during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 10.94 Bn
Historical Data for:	2017 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	19.70%	2030/2031 Value Projection:	US$ 38.50 Bn

Figure 1. Global Security Testing Market Share (%), by Region, 2023

Security testing is crucial to ensure applications and systems are secure from cyber threats. There are various security testing products that can be broadly categorized into network security testing, web application security testing, and source code application security testing.

Network security testing products are used to test networks and infrastructure for vulnerabilities. Popular network testing tools include Nmap which scans networks to detect live hosts and services on them along with vulnerabilities. Network penetration testing tools like Metasploit help in identifying security issues by simulating real-world hacking techniques. These tools provide visibility into network security and help plug loopholes. However, network testing requires skilled resources and downtime may be involved during scanning.

Market Dynamics:

The security testing market is driven by several factors. Firstly, the growing awareness about the importance of cybersecurity among organizations has led to increased investments in security testing solutions. Companies are realizing the consequences of failing to adequately protect their systems, and this has prompted them to proactively assess and mitigate potential risks. Another factor driving the market is the strict regulatory landscape governing data protection and privacy. Regulations like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) require organizations to ensure the security of personal and sensitive data.

However, despite the growth opportunities, the market faces certain restraints. One key restraint is the complexity and ever-evolving nature of cyber threats. Attack techniques are continuously evolving, and hackers are becoming more sophisticated in their approaches. This poses challenges for security testing providers, as they need to constantly update their methodologies and tools to keep up with emerging threats.

Nevertheless, the security testing market also presents significant opportunities. The increasing adoption of artificial intelligence and machine learning technologies in security testing allows for more efficient and accurate identification of vulnerabilities. Additionally, the rise of cloud-based security testing solutions offers scalability and cost-effectiveness, enabling organizations of all sizes to implement robust security measures.

Key features of the study:

This report provides an in-depth analysis of the global security testing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global security testing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Synopsys, Inc., Open Text (Micro Focus), IBM, Rapid7, Trustwave Holdings, Inc., SecureWorks Inc., Cigniti, WhiteHat Security(Synopsys, Inc. ), Veracode, McAfee, LLC, Parasoft ,Data Theorem, Inc., ImpactQA, NowSecure, and Kryptowire
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global security testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global security testing market

Detailed Segmentation:

By Testing Type
- Static Application Security Testing
- Dynamic Application Security Testing
- Mobile Application Security Testing
- Network Security Testing
- Social Engineering
- Others
By Deployment Mode
- On-premise
- Cloud
By Organization Size
- Small & Medium Enterprises
- Large Enterprises
By Vertical
- BFSI
- Government & Defense
- IT & Telecom
- Healthcare
- Retail & eCommerce
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- Synopsys, Inc.
- Open Text (Micro Focus)
- IBM
- Rapid7
- Trustwave Holdings, Inc.
- SecureWorks Inc.
- Cigniti
- WhiteHat Security (Synopsys, Inc.)
- Veracode
- McAfee, LLC
- Parasoft
- Data Theorem, Inc.
- ImpactQA
- NowSecure
- Kryptowire

Product Code: CMI6300

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Security Testing Market, By Testing Type
- Global Security Testing Market, By Deployment Mode
- Global Security Testing Market, By Organization Size
- Global Security Testing Market, By Vertical
- Global Security Testing Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing Frequency and Severity of Cybersecurity Threats
Stringent Compliance and Data Protection Regulations
Digital Transformation and Cloud Adoption Trends
Testing for Exposed Devices and Remote Users
- Restraints
High compression cost
Lack of standardization
Emergence of battery-powered electric vehicles
- Opportunities
Cloud-Native Application Security Testing
Securing 5G Networks and IoT Ecosystems
Integrating Security into DevOps Pipelines
Testing and Optimization of Machine Learning/Artificial Intelligence (ML/AI) Systems
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Security Testing Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Security Testing Market, By Testing Type, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Static Application Security Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Dynamic Application Security Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Mobile Application Security Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Network Security Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Social Engineering
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Bn)

6. Global Security Testing Market, By Deployment Mode, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
On-premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Cloud
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)

7. Global Security Testing Market, By Organization Size, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Small & Medium Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Large Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)

8. Global Security Testing Market, By Vertical, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Government & Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
IT & Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Retail & eCommerce
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)

9. Global Security Testing Market, By Region, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 - 2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Testing Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Testing Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Testing Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Testing Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Testing Type, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Mode, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2017-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2017-2030,(US$ Bn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East

10. Competitive Landscape

Synopsys
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Micro Focus
IBM
Rapid7
TietoEVRY
Trustwave
SecureWorks
Cigniti
WhiteHat Security
Veracode
Analyst Views

11. Section

Research Methodology
About us