The latest report by IMARC Group, titled “Security Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,  The global security testing market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 21.6% during 2023-2028.

Security testing is a crucial component of ensuring the integrity and robustness of digital systems, applications, and networks. It is a systematic examination of these digital entities to identify vulnerabilities and weaknesses that could be exploited by malicious actors. The primary objective of security testing is to safeguard sensitive data, prevent unauthorized access, and protect against potential cyber threats. In security testing, various methodologies and techniques are employed to assess the security posture of a system. These may include penetration testing, vulnerability scanning, code review, and compliance testing. Through these processes, security experts seek to uncover weaknesses in software code, configurations, and infrastructure that could be susceptible to breaches.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/security-testing-market/requestsample

Security Testing Market Trends and Drivers:

The proliferation of cyber threats, including malware, ransomware, and data breaches, has pushed organizations to invest in security testing to identify and mitigate vulnerabilities before malicious actors can exploit them. Additionally, the ongoing digital transformation efforts across industries, including finance, healthcare, and manufacturing, have expanded attack surfaces. This has led organizations to prioritize security testing as a means to protect their digital assets and sensitive information. Other than this, the migration to cloud computing introduces new security challenges. Security testing helps assess the security of cloud environments and ensures the confidentiality, integrity, and availability of data stored in the cloud. Besides this, the Internet of Things (IoT) has brought billions of interconnected devices into play. Ensuring the security of these devices and the networks they connect to has become paramount, spurring demand for security testing services. Moreover, organizations are becoming more aware of the financial and reputational risks associated with security breaches. This heightened awareness is driving them to invest in comprehensive security testing solutions.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Application Security Testing
• Network Security Testing
• Device Security Testing
• Social Engineering
• Others

Breakup by Testing Tool:

• Web Application Testing Tool
• Code Review Tool
• Penetration Testing Tool
• Software Testing Tool
• Others

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by End User:

• BFSI
• Healthcare
• IT and Telecom
• Retail and E-Commerce
• Education
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Accenture plc
• Applause App Quality Inc.
• Checkmarx Ltd.
• Cisco Systems Inc.
• HelpSystems LLC
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• McAfee LLC
• Nippon Telegraph and Telephone Corporation
• OffSec Services Limited
• Qualys Inc. and Veracode Inc

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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