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Growing Concerns Over Cyber Threats Propel the Network Security Testing Market to $10.8 Billion in 2031

10-17-2023 05:20 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Growing Concerns Over Cyber Threats Propel the Network Security

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

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On the basis of deployment model, the on-premise segment dominated the overall network security testing market in 2021 and is expected to continue this trend during the forecast period. This is attributed to complex security demands of various corporations needing custom security testing solutions. However, the cloud segment is expected to witness the highest growth owing to its easier deployment and scaling capabilities, which is expected to further fuel the growth of the global network security testing industry.


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.

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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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.

Region wise, the network security testing market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its highly advanced technology sector which is expected to drive the market for network security testing within the region during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to its growing digital capabilities and a highly competitive market space, which is anticipated to fuel the network security testing market growth in the region in the coming few years.

The integration of advanced technologies such as artificial intelligence in network security testing software help the providers to identify risks and fraud, boost the revenue, and add value to their customer. AI-based network security testing software has increased the efficiency in risk identification and helps in creating a better business insight. In addition, increased adoption of unified endpoint management solutions in the business to remotely manage and control all new terminations to streamline workflows, increase productivity, achieve long-term savings, improve employee satisfaction, and minimize error provide lucrative opportunity for the market. Furthermore, cloud-based network security testing software adds a wide range of technologies, including machine learning and IoT-integration that help organizations become more data-driven and better strategized. More number of such innovations are expected to provide lucrative opportunities for the expansion of the global market.

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Key Market Players:

► McAfee

► ScienceSoft

► Rapid7

► AT&T

► Checkmarx

► PortSwigger

► LogRhythm

► Veracode

► SecureWorks

► Core Security Technologies

► IBM CORPORATION

► Cigniti Technologies Ltd

► Synopsys

► ImpactQA

► ParaSoft

► data theorem

► WhiteHat Security

► Kryptowire

► MICRO FOCUS

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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