Security Testing Market | Industry Improvement Status and Outlook (2019-2023) By Analyzing the Performance of Various Competitors - Qualys, Whitehat Security, Checkmarx, Applause App Quality, UL, Intertek Group, IBM, Veracode, Contrast Security

Global Security Testing Market 2019 Focusing on Prominent Players are Qualys, Whitehat Security, Checkmarx, Applause App Quality, UL, Intertek Group, IBM, Veracode, Contrast Security | Outlook till 2023
Security Testing Market | Industry Improvement Status and Outlook (2019-2023) By Analyzing the Performance of Various Competitors - Qualys, Whitehat Security, Checkmarx, Applause App Quality, UL, Intertek Group, IBM, Veracode, Contrast Security

According to Market Prognosis, the Global Security Testing Market is accounted for $3.36 billion in 2016 and is expected to reach $11.97 billion by 2023 growing at a CAGR of 19.9% during the forecast period. Increasing demand for protection of software bound expensive properties such as mobile and web applications, expanded approval of cloud-based security solutions are some of the key factors fueling the market growth. However, huge innovation and deployment price affecting costs, raised maintenance of freeware security applications and lack of awareness regarding cyber security are hampering the market growth. Rising connected devices owing to IoT and BYOD trends and speedy digitization in developing nations and providing ample growth opportunities for the market.

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Security testing is a form of software testing service to facilitate in tracking the vulnerabilities in the information system. This enables restructuring of the bugs within an information system and safeguards it from disclosure to security violation and unauthorized access by burglars. The security testing services are segmented in the non-functionality testing service and accepted by many industries and government organizations. Through rise in internet access, the quantity of security coercion has also enlarged, foremost to growth in demand for security testing services.

Top Market Player’s
Some of the key players in Security Testing Market include Hewlett Packard Enterprise Company, Qualys, Inc., Whitehat Security, Inc., Checkmarx, Applause App Quality, Inc., Cisco Systems, Inc., UL LLC, Intertek Group plc, IBM, Veracode, Contrast Security, Check Point Software Technologies, Cyberoam Technologies, Infosys, Gateprotect, Nortel Networks, TripWire, Accenture and Microsoft.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Market Segments
By type of service, application security testing has enlarged the use of web and mobile applications and the safety of these applications is the major purpose of the organizations. The increase in the application security testing is linked with growing in security breaches targeting industry applications. In addition, expanding demand for better security as of improved exploitation of third-party applications. Asia Pacific is anticipated to register highest CAGR attributed to growing technological adoption and massive opportunities over business verticals in APAC countries, particularly India and China.
Deployment Modes Covered:
• On-Premises
• On-Cloud
End Users Covered:
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare and life sciences
• Government and Public Utilities
• IT and Telecom
• Retail
• Media and Entertainment
• Manufacturing
• Transportation
• Other End Users
Organization Sizes Covered:
• Large Enterprises
• Small and Medium Enterprises
Testing Tools Covered:
• Web Testing Tools
• Code Review Tools
• Penetration Testing Tools
• Automated Testing Tools
• Software Testing Tools
• Other Testing Tools
Type of Services Covered:
• Device Security Testing
• Network Security Testing
• Application Security Testing
Product Types Covered:
• Security Auditing
• Vulnerability Scanning
• Posture Assessment
• Risk Assessment
• Security Scanning
• Ethical Hacking

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