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Security Testing Market by Type, Tool, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021

Security Testing Market: Global Forecast until 2021

  • October 2016
  • 150 pages
  • ID: 4208112
In this report:
North America is estimated to account for the largest share of ##.##% of the global security testing market in 2016, and is expected to grow at a CAGR of ##.##% from 2016 to 2021.
The total market for network security testing by region is expected to grow from USD ##,##.## million in 2016 to USD ##,##.## million by 2021, at a CAGR of ##.##% during the forecast period.


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"Need for protection of valuable assets including web & mobile applications and customer data is driving the increase of the security testing market"

MarketsandMarkets estimates the overall security testing market to grow from ~$3.3B in 2016 to ~$7.6B by 2021, at a CAGR of 18.10 percent. The security testing market is increasing quickly as the organizations are more focused on protection of valuable assets including web & mobile applications and customer data. Nevertheless, Elements such as higher innovation and deployment cost affecting budgets are the main restraints in the global rise of the market.

"Application security testing to have the biggest sector size in 2016"

Application security testing is projected to have the biggest industry size in 2016 as the increased deployment of web and mobile applications and the protection of these applications is the prime objective of the organizations. The rise in the application security testing is combined with the increase in security breaches targeting enterprise applications, whereby hackers try to gain access to sensitive data. Moreover, the same segment will grow at the highest compound annual growth rate (CAGR) during the estimate period, due to the growing need for improved security by cause of increased deployment of third-party applications.

"Banking, Financial services and Insurance (BFSI) vertical to have the highest rise rate during the outlook period"

Security testing solutions have been deployed across several industry verticals, including government & public utilities, Banking, Financial Services, and Insurance, IT & telecom, healthcare, retail, and others. The BFSI vertical is expected to witness the top compound annual growth rate during the estimate period as a result of the growing adoption of web and mobile applications, which are prone to advanced cyber-attacks.

"Asia Pacific (APAC) is forecasted to have the maximum growth rate during the outlook period"

Asia-Pac includes emerging economies, including India and China (CN), which are quickly deploying security testing solutions. This is primarily due to the digitization of businesses and adoption of cloud services by small, medium, and big enterprises in the territory.

Comprehensive interviews were managed with CEOs, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the security testing market place.

- By Company Type: Tier 1: 27.0 percent, Tier 2: 48.0 percent, Tier 3: 25.0 percent

- By Designation: C-Level: 16.0 percent, Director Level: 72.0 percent, Others: 12.0 percent

- By area: North america (NA): 57.0 percent, Europe: 16.0 percent, Asia-Pacific: 15.0 percent, Rest of the World : 12.0 percent

The market research includes the study of top players offering security testing services; Cisco Systems, Incorporated, Hewlett Packard Enterprise, IBM Corporation, Qualys, Incorporated, WhiteHat Security, Applause App Quality, Incorporated, Veracode, Checkmarx, UL LLC, and Intertek Group plc. are some of the firms decribed in the industry report. The study includes detailed competitive study of these main actors in the security testing market, with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

The overall security testing market has been split on the basis of testing type, tool, deployment mode, organization size, vertical, and area.

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the security testing market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits the partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners to better find out the players and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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