According to the latest report of the IMARC group, entitled “Security Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global security testing market showed strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 25% during the period 2021-2026.
Security testing refers to a process used to identify flaws and flaws in the security mechanisms that protect data and maintain the functionality of an information system. These test systems offer confidentiality, authentication, authorization, integrity, non-repudiation, etc. They also protect software, applications, data, resources, etc. against threats, malicious attacks and vulnerabilities. In addition, security testing helps detect possible security risks that could lead to loss of information or harm to an organization’s reputation. Some of the key areas of security testing include network, client-side applications, system software, server-side application security, etc.
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The sudden onset of the COVID-19 pandemic and the implementation of lockdowns across the globe are encouraging organizations to adopt remote work models to maintain business continuity. With this in mind, rising security concerns made possible by the growing digitalization of work functions and operations are driving the security testing market. Moreover, the growing threat of cybersecurity attacks leading to substantial financial losses for individuals, businesses and government agencies, is also boosting the demand for the products. In addition, the rising importance of online banking and e-commerce platforms coupled with growing demand for banking, financial services and insurance (BFSI) products is expected to drive the global stress test market. safety during the forecast period.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be included in the report.
The competitive landscape of the industry has also been reviewed along with the profiles of key players.
- Accenture plc
- Applause App Quality Inc.
- Checkmarx Ltd.
- Cisco Systems Inc.
- HelpSystems LLC
- Hewlett Packard Enterprise Development LP
- International Commercial Machinery Society
- McAfee LLC
- Japanese Telegraph and Telephone Company
- Limited OffSec Services
- Qualys Inc
- Veracode Inc.
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The report has segmented the market based on type, test tool, deployment mode and end user.
Breakdown by type:
- Application Security Testing
- Network Security Test
- Device security testing
- Social engineering
Breakage by test tool:
- Web Application Testing Tool
- Code review tool
- Penetration testing tool
- Software testing tool
Breakdown by deployment mode:
Breakdown by end user:
- Health care
- IT and Telecom
- Retail and e-commerce
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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