Security Testing

Security Testing

Global Security Testing Market to Reach US$52.2 Billion by 2030

The global market for Security Testing estimated at US$15.3 Billion in the year 2023, is expected to reach US$52.2 Billion by 2030, growing at a CAGR of 19.1% over the analysis period 2023-2030. Application Security Testing, one of the segments analyzed in the report, is expected to record a 21.0% CAGR and reach US$25.3 Billion by the end of the analysis period. Growth in the Network Security Testing segment is estimated at 18.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.3 Billion While China is Forecast to Grow at 18.0% CAGR

The Security Testing market in the U.S. is estimated at US$4.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 18.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 17.1% and 16.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Global Security Testing Market - Key Trends and Drivers Summarized

Why Is Security Testing Crucial for Cyber Defense?

Security Testing is an essential process that evaluates the robustness of an organization’s IT infrastructure, applications, and networks against potential threats and vulnerabilities. It includes various methods such as penetration testing, vulnerability assessments, security audits, and ethical hacking, each designed to identify weaknesses and improve defenses. Security testing enables organizations to detect and address security gaps before they can be exploited, reducing the risk of breaches, data theft, and other cyber incidents. As organizations increasingly embrace digital transformation, security testing has become a critical component of cybersecurity strategies, ensuring that systems and applications are resilient against evolving cyber threats.

What Are the Key Segments in the Security Testing Market?

Key types include application security testing, network security testing, and endpoint security testing, with application security testing leading the market due to the growing need to secure web and mobile applications. Deployment modes encompass cloud-based and on-premise solutions, with cloud-based models experiencing rapid growth due to their scalability and cost-effectiveness. Major industry verticals include BFSI, IT and telecom, healthcare, retail, and government, with BFSI representing the largest segment due to the sector`s critical need to protect financial transactions and sensitive customer data.

How Is Security Testing Integrated Across Various Industries?

In the BFSI sector, security testing is used to ensure the integrity and safety of online banking platforms, financial applications, and transaction systems. The healthcare industry applies security testing to protect electronic health records (EHRs), medical devices, and telehealth systems, ensuring compliance with regulations like HIPAA. IT and telecom companies leverage security testing to secure cloud services, data centers, and communication networks, preventing breaches and unauthorized access. Government agencies conduct regular security testing to protect classified information, critical infrastructure, and communication networks. The retail sector uses security testing to safeguard e-commerce platforms, payment gateways, and customer databases, ensuring secure transactions.

What Factors Are Driving the Growth in the Security Testing Market?

The growth in the Security Testing market is driven by several factors, including the increasing number of cyberattacks targeting web applications, cloud services, and IoT devices, which has heightened the need for rigorous testing. Regulatory compliance requirements, such as GDPR, PCI-DSS, and HIPAA, mandate regular security assessments, driving demand for security testing across sectors. The shift towards cloud-based services and remote work solutions has further increased the need for scalable and continuous security testing. Advancements in testing technologies, such as AI-driven vulnerability detection and automated testing tools, have improved testing efficiency, supporting broader adoption. Additionally, the growing awareness of cybersecurity risks and the need for proactive measures to prevent breaches have contributed to the expansion of the security testing market.

Select Competitors (Total 81 Featured) -

• AT&T
• Checkmarx
• Cigniti
• Core Security
• Data Theorem
• IBM
• ImpactQA
• Kryptowire
• LogRhythm
• McAfee
• Micro Focus
• NowSecure
• ParaSoft
• PortSwigger
• Rapid7
• ScienceSoft
• SecureWorks
• Synopsys
• Veracode
• WhiteHat Security

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