The North America Security Testing Market size is estimated at USD 3.33 billion in 2024, and is expected to reach USD 8.85 billion by 2029, growing at a CAGR of 21.58% during the forecast period (2024-2029).
North America is a highly regulated region globally with numerous regulations and compliances, such as the Federal Energy Regulatory Commission (FERC), HIPAA, PCI DSS, and SOX, across verticals. North American companies are quite advanced at deploying security, penetration testing, and vulnerability management solutions and have best practices for everyday business processes, thereby driving the adoption of penetration testing solutions.
The North American Security Testing Market is highly fragmented with the presence of major players like Hewlett Packard Enterprise Development LP, IBM Corporation, VERACODE, McAfee LLC, and Cisco Systems Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In April 2023, Noname Security, one of the significant API security providers, partnered with IBM to protect clients against misconfigurations, vulnerabilities, and design defects. Customers can use Noname Security's API security solution and IBM DataPower's existing enterprise security capabilities to provide an extra layer of protection for IBM API Connect with the new Noname Advanced API Security for IBM. Enterprise users would benefit from enhanced API security, such as discovery, posture management, runtime protection, and security testing, with the Noname API Security Platform.
In September 2022, Cybeats Technologies Inc. ("Cybeats" or the "Company"), one of the leading providers of software supply chain risk and security technologies, announced a strategic partnership with Veracode, one of the global leaders in application security testing solutions.
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