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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Security Testing Market Share
Code review, software, and application testing tools are high in demand due to rising number of vulnerabilities in software and applications
The code review tool segment is expected to grow significantly due to the increasing adoption of secure coding practices and the need for thorough code analysis to identify vulnerabilities. The software testing tool segment is also expected to grow as it provides comprehensive testing capabilities for various types of software applications. The web application testing tool segment is expected to be a significant contributor to the market growth, driven by the increasing number of web applications and thus, thus the growing need for robust security testing to protect against web-based attacks.
Cloud-based deployment mode is gaining traction due to its cost-efficiency and ease of use
Cloud-based deployment occupies a sizeable portion of the security testing market share as it offers an economical solution to businesses. This deployment mode provides the provision of scalability of resources depending upon an organisation’s needs. Cloud-based testing tools also allow the testing team to collaborate seamlessly irrespective of their physical location. Furthermore, the rapid deployment of cloud-based tools compared to their on-premises counterparts also favours the segment growth.
In contrast, on-premises security testing involves installing and running security testing tools directly on the organisation's servers and infrastructure. This deployment mode offers greater control and data security as the data never leaves the premises. As per security testing market analysis, many companies, particularly in regulated industries like finance and healthcare, still prefer on-premises deployment due to concerns over data sovereignty and control. This is expected to drive steady demand for on-premises security testing solutions in the coming years.
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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