Security Testing Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Security Testing Market Size By 2025?
There has been a significant expansion in the size of the security testing market in the recent past. The market is expected to grow from $12.54 billion in 2024, reaching an estimated size of $15.09 billion in 2025, with a compound annual growth rate (CAGR) of 20.3%. The past growth of this market has been driven by factors such as an increase in data breaches and cyber-attacks, stringent regulatory compliances, the widespread use of mobile devices, increased awareness of insider threats, heightened cybersecurity threats, and demands for global supply chain security.

How Big Is the Security Testing Market Size Expected to Grow by 2029?
In the coming years, the market for security testing is expected to experience substantial growth. It is projected to expand to $34.2 billion by 2029 with a compound annual growth rate (CAGR) of 22.7%. Factors encouraging growth in this projected period include the adoption of a zero-trust security framework, increased regulatory focus on cybersecurity, security for the remote workforce, an emphasis on security awareness training, automated fixes for vulnerabilities, and a transition towards continuous security testing. The anticipated trends for this period encompass a shift-left perspective on security testing, increasing use of deVops, concentration on automated security testing, the maintenance of constant monitoring and threat awareness, security testing for application programming interfaces (API), security testing solutions for the cloud, and security testing for Internet of Things (IoT).

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Which Key Market Drivers Powering Security Testing Market Expansion and Growth?
The escalations in global cybercrimes are anticipated to drive the expansion of the security testing market. Cybercrime encompasses any unlawful operations that involve a computer, networked device, or network. The use of security testing is instrumental in curtailing such crimes as it bars hackers from accessing and exploiting delicate information, thereby keeping businesses afloat. In March 2023, for example, a report by India's Enforcement Directorate (ED) showed a surge in money laundering cases recorded in fiscal year 2022-23 with a total of 579, which was a notable increase from the past years. Moreover, the ED disclosed that there have been 3,497 money laundering cases in the past five years, reflecting an increasing trajectory in punitive measures against financial crimes. Thus, the upward trend in global cybercrimes is stimulating the growth of the security testing market.

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Which Fast-Growing Trends Are Poised to Disrupt the Security Testing Market?
Leading firms in the security testing market are working towards innovation and the creation of novel technology solutions like Active One-Time Scanning. This aims to boost their capacity to promptly detect vulnerabilities, enhance compliance, and competently mitigate cybersecurity threats. Active One-Time Scanning is an approach in cybersecurity that entails conducting thorough, real-time evaluations of a network or system to pinpoint vulnerabilities during set maintenance phases. For example, in October 2023, an automation firm based in Germany, Siemens, introduced the SINEC Security Inspector. This software framework facilitates the active scanning of single network devices, network segments, or whole networks. This feature empowers organizations to uncover vulnerabilities and effectively evaluate the security position of their systems.

What Are the Emerging Segments in the Security Testing Market?
The security testingmarket 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

Subsegments:
1) By Application Security Testing: Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Mobile Application Security Testing
2) By Network Security Testing: Vulnerability Assessment, Penetration Testing, Network Scanning
3) By Device Security Testing: IoT Device Security Testing, Hardware Security Testing, Endpoint Security Testing
4) By Social Engineering: Phishing Simulation, Awareness Training, Red Teaming Exercises

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Who Are the Global Leaders in the Security Testing Market?
Major companies operating 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, Kryptowire LLC, accenture* 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

Which are the Top Profitable Regional Markets for the Security Testing Industry?
North America was the largest region in the security testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the security testing market report forecast period. The regions covered in the security testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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