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Security Testing Market Size 2020, Growth with Trends and Business Opportunity | Market Poised to Expand with a CAGR of 15.72% by Forecast Period

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Chaitali Mahajan
Security Testing Market Size 2020, Growth with Trends and Business Opportunity | Market Poised to Expand with a CAGR of 15.72% by Forecast Period

Market Research Future (MRFR) reports that Security Testing market is likely to touch an approx. valuation of USD 8.69 billion by 2023 and can progress at an incredible rate of 15.72% between 2017 and 2023 (which is the forecast period). The global market was valued at USD 3.67 billion in 2017, according to the report.

The global security testing market is estimated to grow at a significant rate during the forecast period. The major features of security testing are protection and secure access to data is mentioned in this report. These features are suitable for both web-based and desktop-based applications. Factors contributing to the growth of the security testing market are increasing demands for protecting customer data and web and mobile applications, increasing adoption of cloud-based security solutions, increasing the number of cyberattacks, and the need to strengthen security..

Factors contributing to the growth of security testing market:

The Security Testing Market has encountered noteworthy growth over the recent years and is anticipated to grow tremendously over the assessment period. One of the major factors responsible for the growth of security testing market is the deployment of data centers across industries due to which enterprises are realizing the need to implement security testing solutions. Adoption of wireless technology for industrial operations, cloud services, and increased government initiative towards digitization are the major factors contributing to the growth of Asia-Pacific market.

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Top Companies profiled in Security Testing Market Research Report includes: Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM Corporation (US), Qualys, Inc. (US), WhiteHat Security (US), Applause App Quality, Inc. (US), Veracode (US), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group Plc. (UK). 

Segmentation:

  • By service type, the market is segmented into network security testing, application security testing, and device security testing.
  • By tool, the market is segmented into penetration testing tools, web testing tools, automated testing tools, and others.
  • By deployment, the market is segmented into cloud and on-premise deployment.
  • By industry vertical, the market is segmented into Government and public sector, BFSI, IT & telecommunication, healthcare, retail, and others.

Regional Insights:

The geographical analysis of security testing market is covered for major regions such as North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to lead the security testing market during the forecast period. North America is an established region in terms of IT infrastructure and is widely known as an early adopter of new technologies. The US is one of the major contributors in North America with leading market share. US has a higher concentration of major players and holds nearly 68% of the key IT vendors.

Intended Audience
•  Security testing tool providers
•  Application developers
•  System integrators
•  Industrial networking solution providers
•  Security testing service providers
•  Network solution providers
•  Network administrators
•  Network operators
•  Resellers
•  Managed service providers
•  Network solution providers
•  Network testing service providers
•  Application design and software developers
•  Consultancy firms and advisory firms
•  Technology consultants
•  Government
•  OEMNetwork solution distributors

FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/security-testing-market-6705

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us       

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]

 

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