Global Security Testing Market Growth to be determined by Rising Security Threats

Inkwood Research estimates that the Global Security Testing Market is set to evolve at a CAGR of 23.76% in terms of revenue during the forecasting years of 2021-2028.

"Browse 83 Market Data Tables and 62 Figures spread over 220 Pages, along with an in-depth TOC on the Global Security Testing Market Forecast 2021-2028."

REQUEST FREE SAMPLE LINK - https://www.inkwoodresearch.com/reports/security-testing-market/#request-free-sample

Security testing is a type of software testing that detects threats, vulnerabilities, and risks in a software application. It also undertakes the role of identifying all possible loopholes of the system. This will aid the developers in fixing problems through coding. This will further prevent the loss of information and data of an organization.

Increasing Security Threats Propel Market Growth

Wireless devices and networks are a fundamental part of several commercial and utility services. Many business organizations are linking their databases to massive data centers that support cloud services. Industries are increasingly relying on big data processing, cloud computing, and other IT services. The security of sensitive data is at risk, given the rise of cyber terrorism. JP Morgan faced a fatal bank breach in 2016. The hackers got access to the financial information of 3500 customers. This further resulted in JP Morgan losing its brand image and customer base.

Sony Online Entertainment Ltd faced a loss of 24.6 million records in a network attack in 2014. Similarly, EBay Inc lost 145 million data records in 2014. There is an increased risk of security breaches with the rising use of IoT connected devices. The Information Security Forum (ISF) predicts a surge in data breaches during the forecast period. Thus, the growing need to counter cyberattacks boosts the market demands.

VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/security-testing-market/#table-of-contents

Cloud is the Prominent Deployment Mode

Cloud-based security system is gaining traction due to its benefits like cost-cutting, enhanced efficiency, ease of customization. As a result, the companies are eagerly investing in cloud-based technology, which is aiding many industrial players to top potential consumers. For instance, IBM Security opened four network security testing facilities. The integration of machine learning and analytics frameworks can simplify routine tasks, thereby strengthening data protection. These can be hosted on a private or public cloud. However, the evolving cyber threats and scale of attacks limit the integration of cloud based solutions.

BUY NOW- https://www.inkwoodresearch.com/reports/security-testing-market/

Asia Pacific is at the Forefront in terms of CAGR

The rising availability of low-cost smartphones, the scope for digital transformation, favorable government initiatives, and increasing cyberattack cases, are among the major drivers of market growth in the Asia Pacific. Such factors have propelled the need for implementing security testing solutions, along with the growing usage of mobile data and the increasing trend of BYOD.

The competitive rivalry of the market is set on market concentration, general profitability, market penetration, presence of global players, and bargaining power. Innovations are keeping sustainable competition high in the market, with brand identity playing a crucial role. Several major players have high levels of market penetration. Core Security Technologies Inc, Offensive Security Llc, IBM Corporation, Paladion Networks Pvt Ltd, ControlCase Llc, etc. are among the big players of the market.

REQUEST CUSTOMIZATION LINK - https://www.inkwoodresearch.com/request-for-custom-report/

Related Reports:

GLOBAL CYBER SECURITY MARKET
https://inkwoodresearch.com/reports/cyber-security-market/

GLOBAL ADAPTIVE SECURITY MARKET
https://inkwoodresearch.com/reports/adaptive-security-market/

GLOBAL SMART SECURITY MARKET
https://inkwoodresearch.com/reports/smart-security-market/

GLOBAL NEXT GENERATION FIREWALL MARKET
https://inkwoodresearch.com/reports/global-next-generation-firewall-market-forecast/

Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: 1-(857)293-0150
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We at Inkwood research provide you with not just consulting services but also with syndicated and customized research reports which help advance your business further.

This release was published on openPR.