Security Testing Market 2016 to grow at a CAGR of 13.46% during the period to 2020

About Security Testing:-

Companies around the world are witnessing unprecedented dependence on technology to run their business and drive revenue growth. With more and more business functions being enabled and enriched by innovative IT applications and solutions, IT security has become more crucial. In addition, ensuring a secure infrastructure has become a top priority for business organizations. In the past few years, the world had witnessed several high profile security threats and attacks on organizations across different industry verticals and business segments. The consequences were not only severe from a financial standpoint but in most cases, very public, thus putting the organization’s goodwill and reputation at stake.

Global Security Testing market to grow at a CAGR of 13.46% over the period 2014-2019.

Security testing is a type of software testing service that helps in tracking the vulnerabilities in the information system. This enables rectification of the flaws in an information system and safeguards it from exposure to security breach and unauthorized access by intruders. The security testing services are segmented under the non-functionality testing service and adopted by most business enterprises and government organizations. With an increase in internet penetration, the number of security threats has also increased, leading to increased demand for security testing services.

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The increase in digitization and the pervasiveness of the internet also paved the way for digital intruders. Personal customer data is prone to security threats, and the need to maintain confidentiality is stimulating the market for security testing services globally.

“A rising number of SMEs, particularly in the manufacturing, retail, and banking sectors, are adopting security testing solutions to protect critical information,”.

“These solutions support a company's growth by addressing security requirements and by streamlining business processes and improving operational efficiency.”

Covered in this Report:-

The Global Security Testing market is divided into the following segments based on end-users: BFSI, Telecom, Manufacturing, and Others. The market is also segmented by geography into the Americas, the EMEA region, and the APAC region.

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Global Security Testing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.

Key Market Drivers

Rise in number of security threats
Need for enhanced protection
Rise in hacking following rising internet penetration
Increased adoption of IT across industries
Rise in number of online transactions
Increased use of cloud computing

Key Market Trends

Rising acceptance of need for security testing among SMEs
SaaS-based security testing solutions
Converged security solutions
Rise in internet use through mobile devices

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Key Market Vendors

Accenture Plc.
Cisco Systems
HP Corp.
IBM Corp.
Veracode
WhiteHat Security

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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