Security Testing Market – Overview
The Security Testing Market is well placed to increase USD 8.69 billion by the culmination of the forecast time period with a CAGR of 15.72 %.
The development of cloud services is projected to stimulate the growth of security testing. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects.
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The identification of susceptibilities in the system is increasing the use of security testing tools. The risks and threats connected with the security of customer data, web and mobile applications are expected to enhance the market of security testing around the world in the upcoming period.
The central competitors in the security testing market are Cisco Systems Inc. (US), Hewlett Packard Enterprise (US), Qualys Inc. (US), WhiteHat Security (US), Veracode (US), Applause App Quality Inc. (US), Checkmarx (Israel), UL LLC (Netherlands), IBM Corporation (US), Capgemini SE (France), Wipro Limited (India), Infosys Limited (India), Valency Networks Pvt Ltd (India), Tata Consultancy Services Limited (India), Cognizant Technology Solutions Corp (US),Hexaware Technologies Limited (India), and Intertek Group PLC (UK).
The segmentation of the security testing market is conducted on the basis of service type, application, tool, deployment, and industry vertical. On the basis of service type, the security testing market is segmented into application security testing, network security testing, and device security testing. The Network security testing segment is further segmented into VPN testing, firewall testing, and IDS/IPS testing. The application security testing segment further comprises of mobile application security testing, web application security testing, static application security testing, cloud application security testing, and dynamic application security testing. On the basis of tools, the security testing market is segmented into web testing tools, automated testing tools, penetration testing tools, and others. Based on the deployment, the security testing market is segmented into on-premise and cloud deployment. On the basis of industry vertical, the market for security testing is segmented into Government and public sector, healthcare, BFSI, IT & telecommunication, retail, and others.
Detailed Regional Analysis
The regional assessment of the security testing market is estimated to flourish at a noteworthy rate throughout the forecast period. The regions included in the market are Africa, North America, Europe, Asia Pacific, and the Middle East, and Latin America. The implementation of security testing solutions and services is broadly seen in enterprises as most of them already have open to automation or cloud. The North American region at present controls the security testing market as the region has been known to be an early adopter of automation and cloud services for growing their enterprise networks. The countries of the US and Canada are the controlling nations in North American while growing with a staggering CAGR. The European region closely follows the North American region in the security testing market. The region has several economically well-established nations with a grip on the information and communication technology sector. Nations such as the UK and Germany are controlling the security testing market in the European region.
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The revival of investment inflow of capital is projected to add force to the market’s escalation in the forecast period. The market is being highlighted by the active forces that are exerting an impressive influence. The advancement in the effectiveness of production amenities is strengthening the market’s expansion pace in the approaching years. The advance in the mining of natural resources is additionally sustaining market expansion. The global currencies are envisaged to become steady, and as a result place exert a gainful impact on the market. The development of alternate raw material assets is likely to further focus on the supply demands in the market. Also, innovations in technology are projected to apply a productive stimulation on the enrichment of the market. The control of governmental plans on the market is inspiring further evolution of the market. The revolutionizations carried out in the logistic chain are anticipated to create encouraging possibilities for growth in the approaching period.
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