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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Security Testing Market Growth
Security testing is a process that involves the assessment of flaws and vulnerabilities in the security system of applications and networks. This method ensures that a software application or device is well-protected, and its system functions as intended.
The primary driver in the market is the increasing number of sophisticated cyber threats and hackers, which necessitates robust digital defences. Additionally, stringent government regulations, such as GDPR, and the need to provide seamless end-user experiences with shorter release cycles are also driving the security testing market expansion.
Furthermore, the rise of web-based businesses and the telecom industry, which require higher secure endpoint security, is increasing the demand for security testing. The growing adoption of cloud-based security testing, which offers centralised security, cost-effectiveness, and higher credibility, is also contributing to the market growth.
Security Testing Market Report Snapshots
Security Testing Market Growth
Security Testing Market Trends
Security Testing Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the security testing market reached an approximate value of USD 10.52 billion.
The market is expected to grow at a CAGR of 18.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 48.95 billion by 2032.
The major drivers of the market include growing cyberattacks, rapid digitalisation, and the surging popularity of BYOD and remote work models.
Key trends aiding market expansion include the growing adoption of insider threat assessment practices in security testing, increased implementation of automated security testing, and strategic initiatives adopted by market players.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various testing tools are code review tool, software testing tool, web application testing tool, and penetration testing tool, among others.
Key players in the market are AT&T Inc., IBM Corporation, HCL Technologies Ltd., Cigniti Technologies Limited, Open Text Corporation (Micro Focus International Limited), Veracode, Inc., Secureworks, Inc., Rapid7 Inc., Checkmarx Ltd., and Synopsys, Inc., among others.
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