Global Security Testing Market By Type, By Tools, By Deployment Mode, By End User, By Region, Competition, Forecast & Opportunities, 2024

NEW YORK, May 9, 2019 /PRNewswire/ -- Global Security Testing Market By Type (Network Security Testing, Application Security Testing & Device Security Testing), By Tools, By Deployment Mode, By End User, By Region, Competition, Forecast & Opportunities, 2024

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Global security testing market is projected to grow at a CAGR of over 16% during the forecast period, on account of surging adoption of cloud-based security solutions and growing need for the protection of valuable assets such as mobile applications.Security testing is a testing technique used to identify security gaps present in the system and to ensure whether IT infrastructure components like devices, applications and networks are free from security vulnerabilities.

Increasing trend of bring your own device (BYOD) and Internet of Things (IoT) is expected to drive the market. Moreover, government mandates and norms in application development are likely to positively influence global security testing market during the forecast period.

Security testing market can be segmented based on type, tools, deployment mode and end user.Based on the type, the market can be segmented into network security testing, device security testing and application security testing.

Organizations are deploying application security testing solutions in order to secure mobile and web applications.Moreover, increasing penetration of IoT involves large number of connected applications that are susceptible to various threats, as a result pushing demand for security testing.

Security testing solutions can be deployed on-premise and cloud.The demand for cloud deployment mode is likely to increase in the coming years, as it offers cost-effective and time-effective features.

Security testing market caters to various end users like retail, BFSI, IT & telecom, government and others. Government and BFSI are the major segments in global security testing market, as the critical data and applications used by verticals are prone to advanced threats.

In 2018, North America, followed by Europe, dominated global security testing market due to early adoption of the technology in economies like the US and Canada and presence of leading players in the region.

Major players operating in global security testing market are Cisco Systems, Inc., Hewlett Packard Enterprise Company, IBM Corporation, Accenture PLC, SecureWorks, Checkmarx Ltd., Veracode, Inc., Applause App Quality, Inc., WhiteHat Security, Intertek Group Plc. and Qualys, Inc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. IBM Security and Check Point Software Technologies Ltd. have entered into a strategic alliance on managed security services (MNS), advanced mobile protection, integrated event management and shared threat intelligence.

Years considered for this report:

Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global security testing market size.
• To classify and forecast global security testing market based on type, tools, deployment mode, end-user and regional distribution.
• To identify drivers and challenges for global security testing market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global security testing market.
• To conduct the pricing analysis for global security testing market.
• To identify and analyze the profile of leading players operating in global security testing market.
Some of the leading players in global security testing market include Cisco Systems, Inc., Hewlett Packard Enterprise Company, SecureWorks, IBM Corporation, Accenture PLC, Checkmarx Ltd., Veracode, Inc., Applause App Quality, Inc., WhiteHat Security, Intertek Group Plc. and Qualys, Inc.

The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst analyzed the service offerings, distribution channels and presence of all major service providers across the globe.
The analyst calculated global security testing market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Security testing tools and service providers
• Network solution providers
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to Security Testing
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global security testing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type:
• Application Security Testing
• Network Security Testing
• Device Security Testing
• Market, by Tools:
• Web Testing tools
• Penetration Testing tools
• Automated Testing tools
• Code Review tools
• Market, by Deployment Mode:
• Cloud
• On-premise
• Market, by End User:
• BFSI
• Telecom & IT
• Government
• Retail
• Others
• Market, by Region:
o North America
United States
Canada
Mexico
• Europe
United Kingdom
Germany
France
Italy
Spain
Rest of Europe
• Asia-Pacific
China
Japan
South Korea
India
Singapore
Rest of APAC
• Middle East & Africa
Saudi Arabia
UAE
South Africa
Qatar
Rest of MEA

• South America
Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global security testing market.

Available Customizations:

With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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