Security Testing Global Market By Testing Type, BY Deployment Mode, By Organization Size, By Vertical, BY Region And Segment Forecast 2023-2032 | McAfee Corp., Micro Focus, Rapid7, Cisco Systems Inc., SecureWorks Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Security Testing Global Market Report 2023 identifies The rising cybercrimes across the world are expected to propel the growth of the security testing market going forward. Cybercrime refers to any illegal activity that uses a computer, networked device, or network. Security testing helps in avoiding cybercrimes, as it can prevent hackers from obtaining and abusing sensitive data and prevent a company from going out of business.

The global security testing market size is expected to grow from $8.58 billion in 2022 to $10.43 billion in 2023, at a compound annual growth rate (CAGR) of 21.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The security testing market is expected to reach $22.73 billion in 2027 at a CAGR of 21.5%.

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Major competitors in the Security Testing market are AT&T Inc., Cigniti Technologies Limited, International Business Machines Corporation, McAfee Corp., Micro Focus, Rapid7, Cisco Systems Inc., SecureWorks Inc., F-Secure Corporation, Data Theorem Inc., Hewlett-Packard Enterprise Development LP, NTT Security AppSec Solutions Inc., Synopsys Inc., Veracode, Now Secure, Parasoft, ScienceSoft, WhiteHat Security, and Kryptowire LLC.

Technological innovations are a key trend gaining popularity in the security testing market. Many companies operating in the security testing market are developing new technologies to strengthen their position in the security testing market. For instance, in May 2021, Imvision, a Canada-based API security technology company, launched the world's first Business Logic Application Security Testing (BLAST) to boost enterprise API security.

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The Security Testing market is segmented -
• By Type: Application Security Testing, Network Security Testing, Device Security Testing, and Social Engineering
• By Deployment Mode: On-Premises, Cloud
• By Organization Size: SMEs, Large Enterprises
• By Verticals: BFSI, Healthcare, IT, Telecom, Retail and eCommerce, Education, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Security Testing market.

The Business Research Company's "Global Security Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Security Testing Market Include:
1. Executive Summary
2. Security Testing Market Characteristics
3. Security Testing Market Trends And Strategies
4. Security Testing Market - Macro Economic Scenario
5. Security Testing Market Size And Growth
.....
26. Africa Security Testing Market
27. Security Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Security Testing Market
29. Security Testing Market Future Outlook and Potential Analysis
30. Appendix

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