Security Testing Market: A Booming Industry Expected to Reach USD 41.60 Billion By 2032 With 16.2% CAGR

According to the latest market research report by Polaris Market Research, the security testing market is anticipated to witness robust growth. The market was valued at USD 10.78 billion in 2023 and is anticipated to grow to USD 41.60 billion, exhibiting a CAGR of 16.2% during the forecast period.

Security testing is a type of software testing that intends to identify and address flaws in the security mechanisms of an information system. It aims to ensure that the software application is free from unauthorized access, data breaches, and malicious attacks.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/security-testing-market/request-for-sample

Security testing encompasses several things, including the verification of the software's compliance with security standards and the evaluation of security features and mechanisms. There are various types of security testing in the market, which include vulnerability scanning, penetration testing, web app security testing, API testing, and security posture assessments.

Security testing is important as it helps protect sensitive and confidential information from unauthorized access. Also, it helps maintain the trust of customers and meet compliance requirements. Security testing finds applications across several industry verticals such as IT & telecom, BFSI, healthcare, and e-commerce & retail.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

The market for security testing is fragmented. It is anticipated to witness competition owing to the presence of several key players. The top industry participants are constantly upgrading their technologies to stay ahead of the curve. Some of the major industry participants are:

• Cognizant Technology Solutions Corporation
• DXC Technology Company
• IBM Corporation
• Micro Focus International plc
• NCC Group plc
• Paladion Networks Private Limited
• Qualys, Inc.
• Rapid7, Inc.
• Synopsys, Inc.
• Trustwave Holdings, Inc.
• Veracode, Inc.
• WhiteHat Security, Inc. (acquired by NTT Ltd.)
• Wipro Limited
• 7safe Limited (acquired by PA Consulting)

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3024/2

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

• Web and Mobile Applications: Security testing helps identify vulnerabilities in web and mobile apps, ensuring the protection of user data and preventing unauthorized access.
• Network Security: Testing network infrastructure helps secure communication channels and prevent attacks such as man-in-the-middle and denial-of-service attacks.
• Cloud Security: Security testing for cloud environments ensures the protection of data and services hosted in the cloud.

𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• The application security segment is expected to grow at the highest CAGR during the projected period on account of increasing security measures from threats of cybersecurity.
• Cloud segment accounted for the largest market share in 2022, which is mainly driven by higher performance and flexibility.
• Small and medium Enterprises segment held a significant market revenue share in 2022, mainly due to better affordability and flexibility.
• The BFSI segment accounted for the largest market share in 2022, owing to stringent compliance standards in this sector.
• North America region dominated the market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/security-testing-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• The security testing market segmentation is primarily based on type, deployment mode, size of enterprise, industry vertical, and region.
• By type analysis, the application security segment is expected to witness the highest growth owing to the increasing use of software and applications in various industries.
• By deployment mode analysis, the cloud segment accounted for the highest market share as more and more businesses shift their sensitive data and operations to the cloud.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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This release was published on openPR.