Security Testing 2018 Global Market Expected To Grow At CAGR 16 % with Cisco Systems, Hewlett Packard Enterprise, IBM, Qualys, WhiteHat Security, Applause App Quality, Veracode, Checkmarx, Intertek Group

Security Testing Market 2018 Global Industry Forecast To 2023 Report published by “MarketResearchFuture”. According to this report Global Security Testing Market was valued at USD 3.67 billion in 2017 and is expected to reach USD 8.69 billion by the end of the forecast period with a CAGR of 15.72%. The global market for security testing is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The global Security Testing Market segments has been divided into industry vertical, deployment, service and tool

Market Synopsis

With the growing adoption of cloud-based services and automation, the capabilities of industrial and enterprise networks is increasing. However, it also creates certain risks and threats associated with the security of customer data and web and mobile applications. Security testing can be considered as a type of software testing which is used to identify susceptibilities in a system and network. This is done to ensure the security of data and assets from potential threats. Security testing can be broadly classified under four different heads: network security, system software security, client-side application security, and server-side application security.

The major factors contributing to the growth of security testing market are the increasing need for protection of customer data and web and mobile applications, increased adoption of cloud-based security solutions, and rising need for improved security due to increasing cyber-attacks. However, lack of awareness regarding cybersecurity and increased adoption of freeware security applications pose challenges for the market growth.

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Key players
The key players in the security testing market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Cisco Systems Inc. (US), Hewlett Packard Enterprise (US), IBM Corporation (US), Qualys Inc. (US), WhiteHat Security (US), Applause App Quality Inc. (US), Veracode (US), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group PLC (UK). These players contribute a major proportion towards market growth.

Apart from the top key players, there are other players that contribute nearly 30–35 % in the security testing market. These include Valency Networks Pvt Ltd (India), Capgemini SE (France), Wipro Limited (India), Cognizant Technology Solutions Corp (US), Infosys Limited (India), Tata Consultancy Services Limited (India), Hexaware Technologies Limited (India), Zensar Technologies Limited (India), CloudBees (US), Symetrics (Netherlands), Rohde & Schwarz UK Ltd (Germany), Beyond Security (US), TraceSecurity (US) and others.

Segmentation

By service type, the market is segmented into network security testing, application security testing, and device security testing. Network security testing is further segmented into firewall testing, VPN testing, and IDS/IPS testing. Application security testing is further segmented into web application security testing, mobile application security testing, cloud application security testing, static application security testing, and dynamic application security testing.
By tool, the market is segmented into penetration testing tools, web testing tools, automated testing tools, and others.
By deployment, the market is segmented into cloud and on-premise deployment.
By industry vertical, the market is segmented into Government and public sector, BFSI, IT & telecommunication, healthcare, retail, and others.

Regional analysis

The geographical analysis of security testing market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). The adoption of security testing solutions and services is widely seen in enterprises as most of them already have access to automation or cloud. North America at present dominates the security testing market as the region has been recognized as an early adopter of automation and cloud services for increasing their enterprise networks. With this, organizations feel the need for security testing as the risk of data theft and data privacy is increasing. The US and Canada are the dominating countries in North America growing with a staggering CAGR.

Europe closely follows North America in the security testing market. The region has highly economically established countries with a stronghold on information and communication technology sector. Countries such as Germany and the UK are the dominating the security testing market in Europe.

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Intended Audience

• Security testing tool providers
• Application developers
• System integrators
• Industrial networking solution providers
• Security testing service providers
• Network solution providers
• Network administrators
• Network operators
• Resellers
• Managed service providers
• Network solution providers
• Network testing service providers
• Application design and software developers
• Consultancy firms and advisory firms
• Technology consultants
• Government
• OEMNetwork solution distributors

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