Global Security Testing Market is accounted for $3.36 billion in 2016 and is expected to reach $11.97 billion by 2023 growing at a CAGR of 19.9% during the forecast period. Increasing demand for protection of software bound expensive properties such as mobile and web applications, expanded approval of cloud-based security solutions are some of the key factors fueling the market growth.
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Summary:- (Security Testing )
However, huge innovation and deployment price affecting costs, raised maintenance of freeware security applications and lack of awareness regarding cyber security are hampering the market growth. Rising connected devices owing to IoT and BYOD trends and speedy digitization in developing nations and providing ample growth opportunities for the market.
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Security testing is a form of software testing service to facilitate in tracking the vulnerabilities in the information system. This enables restructuring of the bugs within an information system and safeguards it from disclosure to security violation and unauthorized access by burglars.
The security testing services are segmented in the non-functionality testing service and accepted by many industries and government organizations. Through rise in internet access, the quantity of security coercion has also enlarged, foremost to growth in demand for security testing services.
By type of service, application security testing has enlarged the use of web and mobile applications and the safety of these applications is the major purpose of the organizations. The increase in the application security testing is linked with growing in security breaches targeting industry applications.
In addition, expanding demand for better security as of improved exploitation of third-party applications. Asia Pacific is anticipated to register highest CAGR attributed to growing technological adoption and massive opportunities over business verticals in APAC countries, particularly India and China.
Some of the key players in Security Testing Market include:
Hewlett Packard Enterprise Company, Qualys, Inc., Whitehat Security, Inc., Checkmarx, Applause App Quality, Inc., Cisco Systems, Inc., UL LLC, Intertek Group plc, IBM, Veracode, Contrast Security, Check Point Software Technologies, Cyberoam Technologies, Infosys, Gateprotect, Nortel Networks, TripWire, Accenture and Microsoft.
Deployment Modes Covered:
End Users Covered:
Banking, Financial Services, and Insurance (BFSI)
Healthcare and life sciences
Government and Public Utilities
IT and Telecom
Media and Entertainment
Other End Users
Organization Sizes Covered:
Small and Medium Enterprises
Testing Tools Covered:
Web Testing Tools
Code Review Tools
Penetration Testing Tools
Automated Testing Tools
Software Testing Tools
Other Testing Tools
Type of Services Covered:
Device Security Testing
Network Security Testing
Application Security Testing
Product Types Covered:
North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World
Major Point from Table of Content:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Security Testing Market, By Deployment Mode
6 Global Security Testing Market, By End User
7 Global Security Testing Market, By Organization Size
8 Global Security Testing Market, By Testing Tools
9 Global Security Testing Market, By Type of Service
10 Global Security Testing Market, By Product Type
11 Global Security Testing Market, By Geography
12 Key Developments
13 Company Profiling
13.1 Hewlett Packard Enterprise Company
13.2 Qualys, Inc.
13.3 Whitehat Security, Inc.
13.5 Applause App Quality, Inc.
13.6 Cisco Systems, Inc.
13.7 UL LLC
13.8 Intertek Group plc
13.11 Contrast Security
13.12 Check Point Software Technologies
13.13 Cyberoam Technologies
13.16 Nortel Networks
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