Security Testing Market

Security Testing Market Size, Share, Growth Analysis, By Type(Network Security, Application Security, Device Security, Others), By Deployment Mode(On-premises, Cloud), By Enterprise Size(Large Enterprises, Small & Medium Enterprises), By Industry Vertical(BFSI, IT & Telecom, Healthcare, Retail & E-Commerce), By Region(North America, U.S., Canada, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG45F2018 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Security Testing Market Insights

Market Overview:

Enterprises are using more technologies like the Internet of Things (IoT) and Bring Your Own Device (BYOD), which means there are more ways to attack them. Enterprises let employees bring their own devices, like laptops and smartphones, so they can access company data and use the web and mobile apps made just for their company. Because they don't have enough security, these devices work on the private network of each user, which is open to cyberattacks. If any of these devices or apps are hacked, sensitive business data will be leaked and used in the wrong way. Timely security testing of these devices and applications for checking vulnerabilities can help prevent and lessen the effects of cyber threats. Vernon’s cybersecurity statistics show that the amount of breached data from sources like IoT and smartphones is growing by a lot. Data is lost because it is not protected and because security testing is not done well. Statistics are making businesses realize how important security is and how important it is to secure Endpoint to stop data loss, which can lead to financial loss. These are some of the major reasons propelling the demand for the security testing market during the analysis period.

Security Testing Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Systems Software by segment aggregation, the contribution of the Systems Software in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Security Testing was estimated to be valued at US$ XX Mn in 2021.

The Security Testing Market is estimated to grow at a CAGR of XX% by 2028.

The Security Testing Market is segmented on the basis of Type, Deployment Mode, Enterprise Size, Industry Vertical, Region.

Based on region, the Security Testing Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Security Testing Market are AT&T, Inc., Cigniti, International Business Machines Corporation, McAfee, LLC, Micro Focus, NTT Security AppSec Solutions Inc., Rapid7, SecureWorks, Inc., Synopsys, Inc., Veracode.

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Security Testing Market

Report ID: UCMIG45F2018

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