According to Market Research Future (MRFR), The worldwide security testing market had a valuation of USD 3.67 billion of every 2017 and is assessed to arrive at USD 8.69 billion with a CAGR of 15.72% from 2017 to 2023 (gauge period). The report talks about and inspects the impact of the episode of COVID-19 on the worldwide security testing market, including potential open doors and dangers, drivers, and dangers.

With the rising reception of cloud-based administrations and computerization, the capacities of modern and undertaking networks are expanding. All things considered, there are additionally dangers and dangers related with the security of client information and web and portable applications. Security testing can be viewed as a type of programming testing used to recognize framework and organization susceptibilities. This is done to guarantee the security of information and resources against expected dangers. Security testing can be extensively arranged under four unique heads: network security, framework programming security, client-side application security, and server-side application security.

Market Dynamics

The key variables adding to the security testing market share are the developing need to get client information and web and portable applications, the expanded acknowledgment of cloud-based security arrangements, and the rising requirement for better security because of rising digital assaults. Nonetheless, an absence of comprehension of cybersecurity and expanded reception of freeware security applications present difficulties to market improvement.

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Market Segmentation

The worldwide security testing market can be distinguished on the basis of industry vertical, deployment, service type, tool, and geography.

On the basis of industry vertical, the worldwide security testing market can be distinguished into healthcare, BFSI, Government and public sector, IT & telecommunication, retail, and others.

On the grounds of deployment, the worldwide security testing market can be distinguished into on-premise deployment and cloud.

On the grounds of service type, the worldwide security testing market can be distinguished into application security testing, network security testing, and device security testing. Network security can be further distinguished into VPN testing, firewall testing, and IDS/IPS testing. Application security is further classified into web application security testing, mobile application security testing, cloud application security testing, dynamic application security testing, and static application security testing.

On the grounds of the tool, the global security testing market can be distinguished into web testing tools, testing tools, automated testing tools, and others.

On the grounds of geography, the worldwide security testing market can be distinguished into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Regional Outlook

The security testing market is overwhelmed by North America because of different little and medium ventures and enormous behemoths embracing different robotization arrangements. The North American locale is relied upon to flourish attributable to the U.S. furthermore, Canada.

Europe, then again, is relied upon to display a stable CAGR over the evaluation time frame because of mushrooming of different server farms. Major contributing countries incorporate Germany, the U.K., and the Netherlands. Change in information protection guidelines combined with their severe execution by these countries would be stupendous in driving the territorial security testing market.

Asia Pacific, then again, is promoted to display a solid CAGR over the audit time frame because of a few arrangements zeroing in on digitization and reception of remote administrations. Constant upgradation of media transmission frameworks joined with presentation of new correspondence advances in South Korea, China, and India can add to the market development.

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Key Players

The industry giants in the security testing market are Cisco Systems Inc. (US), Hewlett Packard Enterprise (US), Checkmarx (Israel), IBM Corporation (US), Qualys Inc. (US), WhiteHat Security (US), Veracode (US), Applause App Quality Inc. (US), UL LLC (Netherlands), and Intertek Group PLC (UK). These players contribute a significant proportion to market growth.

Apart from the industry giants, other players contribute nearly 30–35 % in the security testing market. These include Valency Networks Pvt Ltd (India), Infosys Limited (India), Capgemini SE (France), Wipro Limited (India), Cognizant Technology Solutions Corp (US), Tata Consultancy Services Limited (India), CloudBees (US), Hexaware Technologies Limited (India), Zensar Technologies Limited (India), Rohde & Schwarz UK Ltd (Germany), Beyond Security (US), Symetrics (Netherlands), TraceSecurity (US) and others.

About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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