openPR Logo
Press release

Security Testing Market is Expected to Reach a valuation of US$ 27 Bn from 2022 to 2032

09-15-2022 08:20 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Security Testing Market is Expected to Reach a valuation of US$ 27

The global Security Testing Market was valued at US$ 7.9 Bn in 2021 and is expected to reach US$ 27 Bn by 2032, finds Future Market Insights in a recent market survey. As per the findings of the report, revenue through BFSI is projected to remain the key contributor to revenue.

BFSI require the processing of large amounts of very sensitive data, and their software requires frequent testing in order to ensure the safety of this data. The increases in digitalization, home transactions, and remote workers are also expected to drive demand.

Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-2452

United States to Command the Larger Proportion of Security Testing Sales throughout the Analysis Period

The United States is the leading market for Security Testing demand, having witnessed CAGR of 13.7% from 2017 - 2021 and accounting for over 35% of the market demand. The market is expected to grow in the future as well, with a forecasted market value of US$ 9.4 Bn, with an absolute dollar opportunity of US $6.3 Bn. The rise in government regulations requiring testing to promote cybersecurity is the key driver for demand.  

"Security Testing providers are closely working on research and development to combat the ever-changing cybercrime techniques of cybercriminals" comments an analyst at Future Market Insights.

Security Testing Market: Competition Insights

At present, Security Testing providers are focused on harnessing new technology and addressing recent cybersecurity breaches. The key companies operating in the market include IBM, SecureWorks, Synopsys, Rapid7, Micro Focus, Cigniti, AT&T, WhiteHat Security, Veracode, Checkmarx, McAfee, Core Security, Parasoft, ScienceSoft, Data Theorem, Kryptowire ,LogRhythm, PortSwigger, ImpactQA, and NowSecure

Some of the recent development in Security Testing are as follows:

In June 2022, Synopsys, Inc. announced the acquisition of WhiteHat Security for US$ 330 Mn. Whitehat is a provider of application security testing SaaS.
In June 2021, HelpSystems and Cybellum announced a partnership to offer an automated automotive security scanning and vulnerability management analysis solution
In April 2021, IBM Security announced a collaboration with HCL Technologies for the unification and streamlining of threat management though an SOC platform.
In August 2021, FireEye introduced FireEye XDR. The platform aims to help security teams to detect and respond to threats in a more efficient and streamlined manner. FireEye Helix offers an integration by offering SOAR and SIEM capabilities via Mandiant-powered threat intelligence.
In July 2020, Checkmarx partnered with Gaming Innovation Group. Through this, GiG developers will be able to access a source code scanning tool to aid in security testing.
In September 2020, Indium Software announced the launching of its unified smart testing platform uphoriX, which combines functional testing, performance testing, security and compatibility. The testing is automated over the cloud and compatible with testing tools.

For More Information or Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-2452

Market Segments Covered in Security Testing Market Analysis

By Type:

Application Security Testing
Network Security Testing
Device Security Testing
Social Engineering

By Deployment Size:

On-premises
Cloud

By Organization Size:

Large Enterprises
SMEs

By Vertical:

SMEs
Large Enterprises
IT
Telecom
Retail and E-Commerce
Education
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Future Market Insights Most Trending Reports of Technology -

Distributed Antenna Systems Market - https://www.futuremarketinsights.com/reports/distributed-antenna-systems-market

Embedded Business Intelligence Market - https://www.futuremarketinsights.com/reports/embedded-business-intelligence-market

Legal Services Market - https://www.futuremarketinsights.com/reports/legal-services-market

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware - 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
Report Link: https://www.futuremarketinsights.com/reports/security-testing-market

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Security Testing Market is Expected to Reach a valuation of US$ 27 Bn from 2022 to 2032 here

News-ID: 2735710 • Views: 287

More Releases from Future Market Insights

Growth of Gluten Free Prepared Food Market is Anticipated to be Worth US$ 11,570 …
By the end of 2022, Growth of Gluten Free Prepared Food Market is expected to be worth US$5,762.1 million. The market is anticipated to expand at a CAGR of 7.2% from 2022 to 2032, closing at a value of US$ 11,570.14 Mn. The company saw growth between 2016 and 2021 at a CAGR of 6.2%. Gluten is a type of protein present in barley, wheat, rye and their derivatives or cross-breed
Poultry Diagnostics Market 2022 - Future Plans and Industry Growth with Quantita …
The global market for digital wound measurement devices is estimated at US$ 2.16 Bn in 2022, and is projected to reach US$ 2.48 Bn by 2025 expanding at 4.7% CAGR over the same period. Wound care measurement has been acquiring immense significance in recent years. Growing incidences of traumatic injuries due to accidents and prevalence of chronic diseases such as diabetes mellitus are primary growth stimulants. Healthcare industries worldwide are adopting technologically enhanced wound management systems to provide quality
Digital Wound Measurement Devices Market 2022 - Future Plans and Industry Growth …
The global market for digital wound measurement devices is estimated at US$ 2.16 Bn in 2022, and is projected to reach US$ 2.48 Bn by 2025 expanding at 4.7% CAGR over the same period. Wound care measurement has been acquiring immense significance in recent years. Growing incidences of traumatic injuries due to accidents and prevalence of chronic diseases such as diabetes mellitus are primary growth stimulants. Healthcare industries worldwide are adopting technologically enhanced wound management systems to provide quality
Prefabricated Building System Market In-Depth Analysis with Booming Trends Suppo …
The global prefabricated building system market is anticipated to increase at a robust CAGR of over 6.1% between 2022 and 2032, totaling over US$ 18.5 Billion by 2032. Growth is attributable to the rapid expansion of building and construction industry across the globe. Significant intrinsic properties of skeleton prefabricated building system and increasing demand for the new houses has been driving the product's growth during the forecast period. High strength coupled with low weight and

All 5 Releases


More Releases for Security

Security Printing Market Security Printing Market
Security Printing Market: An Overview Increased cases of forgery and counterfeiting practices are anticipated to drive the security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above. Obtain Report Details @ https://www.transparencymarketresearch.com/security-printing-market.html The key end market verticals in security printing market includes Banking, Financial Services
Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Stadium Security Market -
Worries about the possibility of reoccurrence of terrorist attacks on large gatherings, especially during sports events, have been anticipated to increase the demand for stadium security. In 2017, the Manchester Arena bombing injured over 500 people and killed 23, including the attacker. Currently, almost every large stadium around the globe has been well-equipped with advanced systems such as intrusion alarms, metal detectors, fire alarms, access control systems, and CCTV cameras. Obtain
Best Security Alarm System | Home Security Alarms | Security One
The securityoneonline.com organization prides itself on delivering exceptional customer service to its extensive and eclectic group of customers which encompasses a comprehensive demographic group of individuals and businesses with respect to age, geographic area and income level. While many organizations both within and outside of the security industry consider themselves to both value and provide premium customer service, securityoneonline.com has incorporated the rendering of superior customer service into its very
Pelco Security Products
Spytown is the Security SuperStore that specializes in home security systems and one of the leading manufacturers that supply their products is Altronix. Altronix Corporation is a leading designer and maker of low voltage electronic components. Altronix offers a wide-ranging line of Security, Fire, CCTV, Access, Nurse Call, and Automation products. The security industry requires electronic components which can perform flawlessly under rigorous conditions, twenty-four hours a day. Incorporating cutting edge
SafeTech’s Guard Security Announces Mobile Security Services
It is with great pleasure and enthusiasm that SafeTech Guard Security announces the launch of Mobile Security Services. Beginning today Guard Security will offer hired security guard officers who can perform mobile security patrols and security inspection. The security guard units will be positioned in vehicles to patrol larger areas that can not be covered on foot. The security guard officers are trained to work in both residential and commercial