Network Security Testing Market Drivers Shaping Future Growth: 2021- 2031

According to the report published by Allied Market Research, the global network security testing market generated $1.8 billion in 2021, and is estimated to reach $10.8 billion by 2031, witnessing a CAGR of 19.6% from 2022 to 2031.

The report offers an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape.

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An increase in demand for work-from-home and remote working policies drives the growth of the network security testing market. The market across Asia-Pacific is projected to portray the fastest CAGR of 21.5% during the forecast period. The pandemic positively affected the market due to surge in digital penetration during the lockdown period.

The report offers detailed segmentation of the global network security testing market based on type, deployment model, enterprise size, industry vertical, and region.

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The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.

Based on deployment model, the on promise segment held the largest share in 2021, accounting for nearly three-fifths of the global network security testing industry, and is expected to maintain its dominance in terms of revenue by 2031. However, the cloud segment is estimated to witness the largest CAGR of 20.9% during the forecast period.

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On the basis of enterprise size, the large enterprise segment dominated the market in 2021, accounting for more than two-thirds of the market, and is projected to maintain its leading position throughout the forecast period. However, the SMEs segment is estimated to showcase the highest CAGR of 21.6% during the forecast period.

Based on type, the VPN testing segment accounted for the highest share in 2021, contributing to more than two-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the firewall testing segment is expected to manifest the highest CAGR of 21.2% from 2022 to 2031.

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Covid-19 Scenario:
• The pandemic positively affected the market due to surge in digital penetration during the lockdown period. The implementation of strict social distancing policies fueled the demand for remote operating tools.
• However, lack of skilled IT professionals and concerns regarding cybersecurity hampered the growth of the market.

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