Press release
Security Testing Global Market Poised for Exceptional Growth: Expected to Reach $15.15 Billion by 2025 with a CAGR of 20.8%
Security Testing Global Market
A promising market scenario lies ahead for the global security testing market with it projected to grow from $12.54 billion in 2024 to $15.15 billion in 2025.
What Is The Projected Market Size Of The Global Security Testing Global Market And Its Growth Rate?
•The security testing market size has grown exponentially in recent years.
•The market is expected to grow from $12.54 billion in 2024 to $15.15 billion in 2025 at a compound annual growth rate (CAGR) of 20.8%.
•The growth in the market can be attributed to factors such as data breaches and cyber-attacks, stringent regulatory compliance, mobile device proliferation, awareness of insider threats, and rising cybersecurity threats.
•The market size is expected to see exponential growth in the next few years and reach $34.59 billion in 2029 at a compound annual growth rate (CAGR) of 22.9%.
What Is Driving The Growth In The Security Testing Global Market Report 2025?
The growth in the global security testing market is largely driven by an increase in cybercrimes around the world. Security testing helps in preventing cybercrimes as it can secure sensitive data from hackers, thus saving companies from potential threats and losses. For instance, a report by India's Enforcement Directorate (ED) in March 2023 pointed out that the number of money laundering cases registered in 2022-23 reached 579, showcasing a surge compared to previous years. Therefore, the rising instances of cybercrimes are propelling the growth of the security testing market.
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Who Are the Key Players Driving Security Testing Global Market Report 2025 Growth?
•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, and more.
What Are The Key Trends In The Security Testing Global Market Report 2025?
•Adoption of zero trust security framework.
•Increased regulatory emphasis on cybersecurity.
•Enhanced focus on security awareness training and continuous security testing.
•Expansion of remote workforce security.
•Shift left approach to security testing and rise in the adoption of DevOps.
What Are The Segments Of The Global Security Testing Global Market Report 2025?
•By Type: Application Security Testing, Network Security Testing, Device Security Testing, 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.
Which Region Leads The Security Testing Global Market Report 2025?
In 2024, North America led the market as the largest region for security testing. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The Security Testing Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Security Testing Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Security Testing Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Security Testing Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Security Testing Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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