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Security Testing Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024


The “Security Testing Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Security Testing industry. The information available in the Security Testing market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Security Testing market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Security Testing Market:

  • Core Security Technologies Inc
  • iViZ Security Inc.
  • Offensive Security LLC
  • Applause App Quality Inc
  • Accenture PLC
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise
  • IBM Corporation
  • McAfee
  • Veracode Inc.
  • ControlCase LLC
  • Paladion Networks Pvt Ltd
  • Maveric Systems Ltd
  • Checkmarx Ltd

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    Market Overview:

  • The global security testing market was valued at USD 3.52 billion in 2018, and it is expected to register a CAGR of 27.2% during the forecast period (2019 – 2024).
  • The increasing adoption of IoT devices and BYOD (Bring Your Own Device) is stimulating the market growth. As IoT-connected devices become an integral part of our daily lives, it is crucial that these devices undergo testing and establish a minimum baseline for security.
  • With the penetration of mobile devices and ICT, various government and public enterprises are dependent on information infrastructure services. However, this dependency has become a vulnerable factor for numerous business enterprises, due to the rise in cybersecurity threats. Majority of the companies (and countries) realize that cyber threat is one of the most serious economic security challenges they face.
  • It is becoming increasingly evident that traditional methods, such as anti-malware software, are no longer sufficient to keep sensitive information safe. To address this challenge, various progressive companies are fortifying their sensitive information with the cybersecurity strategy by using security testing tools for better protection. These security testing (ST) tools are used to identify and fix vulnerabilities in the system.

    Scope of the Report:

  • Security testing is a type of software testing that intends to uncover vulnerabilities of the system and determine that its data and resources are protected from possible intruders. Security testing of any system is about finding all possible loopholes and weaknesses of the system that may result into a loss of information, revenue, and repute at the hands of the employees or outsiders of the organization.

    Reasons for Buying Security Testing Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Hybrid Segment to Gain Significant Importance Over the Forecast Period

    While many companies are looking for simple security solutions through cloud deployment, the complicated nature of cyber threats is forcing enterprises to look beyond conventional security testing mechanisms to address their security needs. There is a need to incorporate strong security practices in every step of the software development lifecycle, which requires collaboration over the cloud.

    On the other hand, the companies are also required to run their security tools, and as a result, hybrid solutions have emerged as the most feasible solution for organizations.

    Large enterprises are subject to many compliance and internal regulations, and the security testing teams (both internal and outsourced) are required to use automatic security tools as part of the process of building applications and solutions.

    The recent proliferation of SaaS providers in the market has greatly impacted the enterprise architecture of the testing service providers.

    North America to Hold Major Share

    The North American region is a technology hub. Therefore, the Federal government has made very stringent rules regarding security testing services. Moreover, it is made compulsory for industries, such as BFSI, to adhere to compliance testing. According to ITU, North America features as the most pro-active and committed region, in terms of cybersecurity-based initiatives. The GCI score given to the major countries (United States and 0.91 and Canada and 0.81) further reinforces their commitment toward building a robust cybersecurity framework, coupled with enhanced security testing methodologies. Moreover, the United States is increasingly focusing on cybersecurity at both the national and state level, notably for financial services firms. In addition, the region is home to prominent cloud service providers, such as Microsoft and Amazon, which is expected to play a significant role in the growth of cloud-based security testing.

    Security Testing Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Security Testing Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Security Threats
    4.3.2 Government Regulations Driving Security Needs
    4.4 Market Restraints
    4.4.1 Lack of Awareness About Security Testing
    4.5 Industry Attractiveness- Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry
    4.6 Technology Snapshot

    5.1 By Deployment
    5.1.1 On Premise
    5.1.2 Cloud
    5.1.3 Hybrid
    5.2 By Type
    5.2.1 Network Security Testing
    5.2.2 Application Security Testing
    5.3 By Service Type
    5.3.1 Firewall Testing
    5.3.2 VPN Testing
    5.3.3 Other Service Types
    5.4 By Application
    5.4.1 Mobile Application Security Testing
    5.4.2 Web Application Security Testing
    5.4.3 Cloud Application Security Testing
    5.4.4 Enterprise Application Security Testing
    5.5 By Testing Type
    5.5.1 Static Application Security Testing (SAST)
    5.5.2 Dynamic Application Security Testing (DAST)
    5.5.3 Interactive Application Security Testing (IAST)
    5.5.4 Runtime Application Self Protection (RASP)
    5.6 By Testing Tool
    5.6.1 Web Application Testing Tool
    5.6.2 Code Review Tool
    5.6.3 Penetration Testing Tool
    5.6.4 Software Testing Tool
    5.6.5 Other Testing Tools
    5.7 By End-user Industry
    5.7.1 Government
    5.7.2 BFSI
    5.7.3 Healthcare
    5.7.4 Manufacturing
    5.7.5 IT and Telecom
    5.7.6 Retail
    5.7.7 Other End-user Industries
    5.8 Geography
    5.8.1 North America
    5.8.2 Europe
    5.8.3 Asia-Pacific
    5.8.4 Latin America
    5.8.5 Middle East & Africa

    6.1 Company Profiles
    6.1.1 Core Security Technologies Inc
    6.1.2 iViZ Security Inc.
    6.1.3 Offensive Security LLC
    6.1.4 Applause App Quality Inc
    6.1.5 Accenture PLC
    6.1.6 Cisco Systems Inc.
    6.1.7 Hewlett Packard Enterprise
    6.1.8 IBM Corporation
    6.1.9 McAfee
    6.1.10 Veracode Inc.
    6.1.11 ControlCase LLC
    6.1.12 Paladion Networks Pvt Ltd
    6.1.13 Maveric Systems Ltd
    6.1.14 Checkmarx Ltd




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