DELRAY BEACH, Fla.,
Sept. 10, 2024 /PRNewswire/ -- The
global Security Testing Market size is projected to
grow from USD 14.5 billion in 2024 to
USD 43.9 billion by 2029 at a
Compound Annual Growth Rate (CAGR) of 24.7% during the forecast
period, according to a new report by
MarketsandMarkets™.
Browse in-depth TOC on "Blockchain Security Market"
350 – Tables
50 - Figures
300 – Pages
Download PDF Brochure
@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150407261
Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2018-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD
Billion)
|
Segments
Covered
|
Security Testing Type,
Network Security Testing Type, Application Security Testing Type,
Application Security Testing Tools, Organization Size, Vertical,
And Region
|
Geographies
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America
|
Companies
covered
|
Major vendors in the
global Security Testing Market include IBM (US), HCLTech (India),
Synopsys (US), OpenText (UK), Cigniti (US), Qualitest (UK),
Intertek (UK), DXC Technology (US), eInfochips (US), Checkmarx
(US), HackerOne (US), Invicti (US), DataArt (US), Cobalt Labs (US),
Trustwave (US), Contrast Security (US), Veracode (US), Qualys (US),
OffSec (US), NCC Group (UK), GitHub (US), Bugcrowd (US), Applause
(US), Rapid7 (US), Parasoft (US), BreachLock (US), ImmuniWeb
(Switzerland), Pentest People (UK), SafeAeon (US), and REDTEAM.PL
(Poland).
|
One of the key factors promoting the security testing will be
the increasing incidence of cyberattacks that target the software's
vulnerabilities. However, the organizations, being in the
digitalized world are getting more and more dependent on the
digital applications that require the identification of the
system's security risks and their resolution before the potential
exploitation of such risks by the attackers which is becoming the
new crucial practice. This rising concern pushes organizations to
adopt the security testing process in order to guard their systems,
data, and reputation from the possible breaches.
Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=150407261
Based on the application testing tools, SAST accounts
for the highest market size during the forecast
period.
The adoption of Static Application Security Testing (SAST) tools
is increasing as organizations prioritize secure software
development. SAST tools enable developers to identify and fix
security vulnerabilities early in the coding process, reducing the
risk of security flaws in production. This shift is driven by the
growing emphasis on integrating security into the software
development lifecycle (SDLC) and the need to comply with stringent
security standards. As a result, more companies are adopting SAST
tools to enhance code security, improve development efficiency, and
ensure that applications are robust against cyber threats from the
outset.
By Application security testing type, web application
security testing accounts for the highest market
size during the forecast period.
The adoption of web application security testing is growing as
organizations increasingly rely on web-based platforms for business
operations and customer interactions. With the rise in cyber
threats targeting web applications, such as SQL injection and
cross-site scripting (XSS), companies are prioritizing security
testing to identify and mitigate vulnerabilities before they can be
exploited. This proactive approach is driven by the need to protect
sensitive data, ensure compliance with regulations, and maintain
customer trust in an environment where web applications are a
critical part of the business landscape.
Inquire Before Buying@
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=150407261
By Region, Asia Pacific will
grow at the highest CAGR during the forecast period.
The adoption of security testing services in the Asia Pacific region is rapidly increasing due
to the region's expanding digital economy and the rising threat of
cyberattacks. As businesses in Asia-Pacific embrace digital transformation
and cloud computing, the need to identify and address
vulnerabilities in their systems has become crucial. Regulatory
pressures and growing awareness of cybersecurity risks are also
driving organizations to invest in security testing solutions to
ensure the resilience of their IT infrastructure and protect
sensitive data from breaches. This trend is further fueled by the
region's diverse and complex threat landscape, prompting a
proactive approach to cybersecurity.
Top Key Companies in Security Testing Market:
IBM (US), HCLTech (India),
Synopsys (US), OpenText (UK), Cigniti (US), Qualitest (UK),
Intertek (UK), DXC Technology (US), eInfochips (US), Checkmarx
(US), HackerOne (US), Invicti (US), DataArt (US), Cobalt Labs (US),
Trustwave (US), Contrast Security (US), Veracode (US), Qualys (US),
OffSec (US), NCC Group (UK), GitHub (US), Bugcrowd (US), Applause
(US), Rapid7 (US), Parasoft (US), BreachLock (US), ImmuniWeb
(Switzerland), Pentest People
(UK), SafeAeon (US), and REDTEAM.PL (Poland) are the key players and other players
in the Security Testing Market.
Browse Adjacent Market: Information Security Market
Research Reports & Consulting
Browse Other Reports:
Blockchain Security Market - Global Forecast to
2029
IoT Security Market - Global Forecast to
2029
Exposure Management Market- Global Forecast to
2029
Next-Generation Firewall Market- Global Forecast to
2028
Digital Signature Market- Global Forecast to
2028
Get access to the latest updates on Security Testing
Companies and Security Testing Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us
on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan
Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL
33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/security-testing-market-worth-43-9-billion-by-2029---exclusive-report-by-marketsandmarkets-302243099.html