Security Testing Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | AT&T Inc., Cigniti Technologies Limited, International Business Machines Corporation, McAfee Corp, Micro Focus

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2651

The Business Research Company offers in-depth market insights through Security Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The security testing market size has grown exponentially in recent years. It will grow from $10.5 billion in 2023 to $12.8 billion in 2024 at a compound annual growth rate (CAGR) of 21.9%. The growth in the historic period can be attributed to data breaches and cyber attacks, stringent regulatory compliance, mobile device proliferation, awareness of insider threats, rising cybersecurity threats, global supply chain security..

The security testing market size is expected to see exponential growth in the next few years. It will grow to $28.01 billion in 2028 at a compound annual growth rate (CAGR) of 21.6%. The growth in the forecast period can be attributed to zero trust security framework adoption, regulatory emphasis on cybersecurity, remote workforce security, focus on security awareness training, automated vulnerability remediation, shift to continuous security testing.. Major trends in the forecast period include shift-left approach to security testing, rise in adoption of devsecops, focus on automated security testing, continuous monitoring and threat intelligence, application programming interface (api) security testing, cloud security testing solutions, iot security testing..

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Market Segmentation:
The security testing market covered in this report is segmented -

1) By Type: Application Security Testing, Network Security Testing, Device Security testing, Social Engineering
2) By Deployment Mode: On-Premises, Cloud
3) By Organization Size: SMEs, Large Enterprises
4) By Verticals: BFSI, Healthcare, IT, Telecom, Retail and eCommerce, Education, Other Verticals

Major Driver - Rising Cybercrimes Fueling Security Testing Market Growth
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. For instance, in June 2022, according to the Federal Bureau of Investigation (FBI), a US-based national security and law enforcement agency, in the FBI's Internet Crime Report 2021, the public reported a record 84.73k reports of cybercrime to the FBI, a 7% increase over 2020 with losses of more than $6.9 billion. Therefore, rising cybercrimes across the world are driving the growth of the security testing market.

Competitive Landscape:
Major companies operating in the security testing market report 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, Kryptowire LLC, Accentur*e PLC, Aon plc, AppSec Labs, Bishop Fox, Capgemini SE, Check Point Software Technologies Ltd., Coalfire Systems Inc., Cybercom Group AB, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, FireEye Inc., Fortinet Inc., HCL Technologies Limited, Infosys Limited

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Top Trend - Revolutionizing Security Testing With Technological Innovations
Technological innovations are a key trend gaining popularity in the security testing market. Many companies operating in the security testing 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. The BLAST can incorporate and enforce security testing standards within the development cycle, cutting costs and shortening the time needed to fix problems. BLAST uses NLP-based technology to examine each API's discourse and comprehend the application's actions. The API business logic has been discovered through API discovery, through which users can simulate attacks to alter the API. This reveals weaknesses and sends insights and recommendations back to developers automatically.

The Table Of Content For The Market Report 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
…..
27. Security Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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