The security testing market is poised for substantial growth in the coming decade, with a projected CAGR of 11.5% from 2022 to 2032. This robust expansion is set to make the industry a significant player in the global market, as it is expected to reach a staggering valuation of US$ 27 billion. This impressive growth underscores the increasing importance of security testing in the modern digital landscape, where data breaches and cyber threats pose a constant challenge.
As organizations and businesses prioritize the protection of their sensitive information and systems, the demand for comprehensive security testing solutions is anticipated to continue to rise, driving the market’s upward trajectory over the next ten years.
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Some of the recent developments in Security Testing are as follows:
- In June 2022, Synopsys, Inc. announced the acquisition of WhiteHat Security for US$ 330 Mn. Whitehat is a provider of application security testing SaaS.
- In June 2021, HelpSystems and Cybellum announced a partnership to offer an automated automotive security scanning and vulnerability management analysis solution
- In April 2021, IBM Security announced a collaboration with HCL Technologies for the unification and streamlining of threat management through a SOC platform.
- In August 2021, FireEye introduced FireEye XDR. The platform aims to help security teams detect and respond to threats in a more efficient and streamlined manner. FireEye Helix offers an integration by offering SOAR and SIEM capabilities via Mandiant-powered threat intelligence.
- In July 2020, Checkmarx partnered with Gaming Innovation Group. Through this, GiG developers will be able to access a source code scanning tool to aid in security testing.
- In September 2020, Indium Software announced the launching of its unified smart testing platform uphoriX, which combines functional testing, performance testing, security, and compatibility. The testing is automated over the cloud and compatible with testing tools.
Leading Key Players:
- IBM
- SecureWorks
- Synopsys
- Rapid7
- Micro Focus
- Cigniti
- WhiteHat Security
- Checkmarx
- McAfee
- ParaSoft
- ScienceSoft
- Data Theorem
- Kryptowire
- LogRhythm
- ImpactQA
- NowSecure
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Security Testing Market Segmentation:
By Type:
- Application Security Testing
- Network Security Testing
- Device Security Testing
- Social Engineering
By Deployment Size:
- On-premises
- Cloud
By Organization Size:
- Large Enterprises
- SMEs
By Vertical:
- SMEs
- Large Enterprises
- IT
- Telecom
- Retail and E-Commerce
- Education
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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