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PUBLISHER: IMARC | PRODUCT CODE: 1390571

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PUBLISHER: IMARC | PRODUCT CODE: 1390571

Security Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Abstract

The global security testing market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.60% during 2022-2028.

Security testing is a process that identifies loopholes and weaknesses in the security mechanisms and helps protect data and maintain the functionality of an information system. It includes network, system software, server-side application, and client-side application securities, which assist developers in fixing security threats. It provides integrity, confidentiality, authentication, authorization, and non-repudiation. It also safeguards data, applications, software, and resources against threats, risks, malicious attacks, and vulnerabilities. Besides this, it aids in detecting possible security risks that can lead to information loss and damage the reputation of an organization. As a result, small, medium, and large-scale industries are increasingly adopting security testing solutions across the globe.

Security Testing Market Trends:

Rapid digitization and the emerging trend of automation across different industry verticals are resulting in increasing cases of cybercrimes. This is escalating the need for security testing to avoid security breaches and unauthorized access to confidential data. In addition, the rising trend of remote working models continues business processes and maintains social distancing. This model offers network connections to multiple devices with different security controls, thereby increasing security concerns. In line with this, the widespread adoption of internet of things (IoT) devices and BYOD (Bring Your Own Device) is stimulating the growth of the market. As IoT-connected devices are an integral part of our daily lives, these devices must undergo testing and establish a minimum baseline for security. Furthermore, rigorous government regulations are resulting in the increasing adoption of security testing solutions and services, which is strengthening the growth of the market. Moreover, the burgeoning e-commerce industry is encouraging organizations to incorporate security testing solutions that help monitor vulnerabilities and reduce the threat landscape.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global security testing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, testing tool, deployment mode and end user.

Breakup by Type:

Application Security Testing

Network Security Testing

Device Security Testing

Social Engineering

Others

Network security testing represents the largest market segment as the stool assess security controls across a network to identify and demonstrate vulnerabilities and determine risks.

Breakup by Testing Tool:

Web Application Testing Tool

Code Review Tool

Penetration Testing Tool

Software Testing Tool

Others

Penetration testing tools currently dominate the market as they help automate certain tasks, enhance testing efficiency, and discover issues that are difficult to find using manual analysis techniques.

Breakup by Deployment Mode:

On-premises

Cloud-based

Cloud-based security testing holds the majority of the market share as it offers centralized protection, cost-effectiveness, minimized administration, and credibility for the higher class of security.

Breakup by End User:

BFSI

Healthcare

IT and Telecom

Retail and E-Commerce

Education

Others

BFSI accounts for the largest market share due to increasing cases of cyberattacks and security breaches in financial institutions. Additionally, security testing software and tools help monitor hidden bugs or vulnerabilities and defects in the industry.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America enjoys the leading position in the market as it is a technologically advanced region with a high number of early adopters and the presence of various leading market players.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Applause App Quality Inc., Checkmarx Ltd., Cisco Systems Inc., HelpSystems LLC, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, McAfee LLC, Nippon Telegraph and Telephone Corporation, OffSec Services Limited, Qualys Inc. and Veracode Inc.

Key Questions Answered in This Report

  • 1. What was the size of the global security testing market in 2022?
  • 2. What is the expected growth rate of the global security testing market during 2023-2028?
  • 3. What are the key factors driving the global security testing market?
  • 4. What has been the impact of COVID-19 on the global security testing market?
  • 5. What is the breakup of the global security testing market based on the type?
  • 6. What is the breakup of the global security testing market based on the testing tool?
  • 7. What is the breakup of the global security testing market based on the deployment mode?
  • 8. What is the breakup of the global security testing market based on the end user?
  • 9. What are the key regions in the global security testing market?
  • 10. Who are the key players/companies in the global security testing market?
Product Code: SR112023A4356

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Security Testing Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Application Security Testing
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Network Security Testing
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Device Security Testing
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Social Engineering
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Others
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Testing Tool

  • 7.1 Web Application Testing Tool
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Code Review Tool
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Penetration Testing Tool
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Software Testing Tool
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Deployment Mode

  • 8.1 On-premises
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Cloud-based
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by End User

  • 9.1 BFSI
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Healthcare
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 IT and Telecom
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Retail and E-Commerce
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Education
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 Others
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Accenture plc
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 Applause App Quality Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
    • 15.3.3 Checkmarx Ltd.
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
    • 15.3.4 Cisco Systems Inc.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 HelpSystems LLC
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
    • 15.3.6 Hewlett Packard Enterprise Development LP
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 International Business Machines Corporation
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 McAfee LLC
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
    • 15.3.9 Nippon Telegraph and Telephone Corporation
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 OffSec Services Limited
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
    • 15.3.11 Qualys Inc.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 Financials
    • 15.3.12 Veracode Inc.
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio
Product Code: SR112023A4356

List of Figures

  • Figure 1: Global: Security Testing Market: Major Drivers and Challenges
  • Figure 2: Global: Security Testing Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Security Testing Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Security Testing Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Security Testing Market: Breakup by Testing Tool (in %), 2022
  • Figure 6: Global: Security Testing Market: Breakup by Deployment Mode (in %), 2022
  • Figure 7: Global: Security Testing Market: Breakup by End User (in %), 2022
  • Figure 8: Global: Security Testing Market: Breakup by Region (in %), 2022
  • Figure 9: Global: Security Testing (Application Security Testing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 10: Global: Security Testing (Application Security Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 11: Global: Security Testing (Network Security Testing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 12: Global: Security Testing (Network Security Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 13: Global: Security Testing (Device Security Testing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 14: Global: Security Testing (Device Security Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 15: Global: Security Testing (Social Engineering) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 16: Global: Security Testing (Social Engineering) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 17: Global: Security Testing (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 18: Global: Security Testing (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 19: Global: Security Testing (Web Application Testing Tool) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 20: Global: Security Testing (Web Application Testing Tool) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 21: Global: Security Testing (Code Review Tool) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 22: Global: Security Testing (Code Review Tool) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 23: Global: Security Testing (Penetration Testing Tool) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 24: Global: Security Testing (Penetration Testing Tool) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 25: Global: Security Testing (Software Testing Tool) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 26: Global: Security Testing (Software Testing Tool) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 27: Global: Security Testing (Other Testing Tools) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 28: Global: Security Testing (Other Testing Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 29: Global: Security Testing (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 30: Global: Security Testing (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 31: Global: Security Testing (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 32: Global: Security Testing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 33: Global: Security Testing (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 34: Global: Security Testing (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 35: Global: Security Testing (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 36: Global: Security Testing (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 37: Global: Security Testing (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 38: Global: Security Testing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 39: Global: Security Testing (Retail and E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 40: Global: Security Testing (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 41: Global: Security Testing (Education) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 42: Global: Security Testing (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 43: Global: Security Testing (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 44: Global: Security Testing (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 45: North America: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 46: North America: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 47: United States: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 48: United States: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 49: Canada: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 50: Canada: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 51: Asia-Pacific: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 52: Asia-Pacific: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 53: China: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 54: China: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 55: Japan: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 56: Japan: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 57: India: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 58: India: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 59: South Korea: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 60: South Korea: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 61: Australia: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 62: Australia: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 63: Indonesia: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 64: Indonesia: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 65: Others: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 66: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 67: Europe: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 68: Europe: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 69: Germany: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 70: Germany: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 71: France: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 72: France: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 73: United Kingdom: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 74: United Kingdom: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 75: Italy: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 76: Italy: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 77: Spain: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 78: Spain: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 79: Russia: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 80: Russia: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 81: Others: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 82: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 83: Latin America: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 84: Latin America: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 85: Brazil: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 86: Brazil: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 87: Mexico: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 88: Mexico: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 89: Others: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 90: Others: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 91: Middle East and Africa: Security Testing Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 92: Middle East and Africa: Security Testing Market: Breakup by Country (in %), 2022
  • Figure 93: Middle East and Africa: Security Testing Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 94: Global: Security Testing Industry: SWOT Analysis
  • Figure 95: Global: Security Testing Industry: Value Chain Analysis
  • Figure 96: Global: Security Testing Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Security Testing Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Security Testing Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Security Testing Market Forecast: Breakup by Testing Tool (in Million US$), 2023-2028
  • Table 4: Global: Security Testing Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
  • Table 5: Global: Security Testing Market Forecast: Breakup by End User (in Million US$), 2023-2028
  • Table 6: Global: Security Testing Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 7: Global: Security Testing Market: Competitive Structure
  • Table 8: Global: Security Testing Market: Key Players
Have a question?
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Manager - EMEA

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Manager - Americas

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