Product Code: PM4066
The global security testing market size is expected to reach USD 41.60 billion by 2032, according to a new study by Polaris Market Research. The report "Security Testing Market Share, Size, Trends, Industry Analysis Report, By Type (Application Security, Network Security, Device Security, and Others); By Deployment Mode; By Size of Enterprise; By Industry Vertical; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Software security testing is a critical process that aims to uncover vulnerabilities, threats, and risks within a software application. By examining the system, it effectively helps mitigate the risk of information loss, revenue loss, and damage to the organization's reputation. This is important for businesses of all sizes, from small to large-scale enterprises, as it helps pinpoint potential weaknesses and loopholes in the software system, whether from internal or external sources.
The global security testing market is experiencing a surge due to the growing reliance on web and mobile-based critical business applications, which necessitates heightened endpoint protection. Enterprises are taking measures to ramp up security to thwart financial losses resulting from increasingly sophisticated cyberattacks. Additionally, stringent government regulations mandating the adoption of security testing solutions and services are propelling market growth.
However, there are still challenges that need to be addressed, such as a shortage of skilled security professionals and the high costs associated with conducting security tests. Nevertheless, the rise in cloud-based security testing adoption, along with advancements in technologies like DevOps, DevSecOps, and Agile in software security testing, is poised to provide lucrative opportunities for market expansion in the forecast period.
Cloud-based security testing solutions are becoming increasingly popular due to their scalability and cost-effectiveness. As emerging technologies such as IoT and blockchain gain prominence, specialized testing services become essential. The growth of the market is further driven by the continuous evolution of cyber threats, which makes security testing an indispensable investment for organizations that want to strengthen their digital infrastructure and maintain customer trust.
Security Testing Market Report Highlights
The application security segment is expected to grow at the highest CAGR during the projected period on account of increasing security measures from threats of cybersecurity
Cloud segment accounted for the largest market share in 2022, which is mainly driven by higher performance and flexibility
Small and medium Enterprises segment held a significant market revenue share in 2022, mainly due to better affordability and flexibility
The BFSI segment accounted for the largest market share in 2022, owing to stringent compliance standards in this sector
North America region dominated the market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments
The global key market players include: Accenture PLC, Cognizant Technology Solutions Corporation, DXC Technology Company, IBM Corporation, Micro Focus International plc
Polaris Market Research has segmented the security testing market report based on type, deployment mode, size of enterprise, industry vertical, and region:
Security Testing, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Application Security
- Network Security
- Device Security
- Others
Security Testing, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)
Security Testing, Size of Enterprise Outlook (Revenue - USD Billion, 2019 - 2032)
- Small & Medium Enterprises
- Large Enterprises
Security Testing, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)
- IT & Telecom
- BFSI
- Healthcare
- E-Commerce & Retail
- Others
Security Testing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Security Testing Market Insights
- 4.1. Security Testing - Industry Snapshot
- 4.2. Security Testing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased adoption of digital transformation
- 4.2.1.2. Increasing Cybersecurity Threats and Vulnerabilities
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Budget Constraints and Cost Concerns
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Security Testing Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Security Testing Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Security Testing Market, by Type, 2019-2032 (USD Billion)
- 5.3. Application Security
- 5.3.1. Global Security Testing Market, by Application Security, by Region, 2019-2032 (USD Billion)
- 5.4. Network Security
- 5.4.1. Global Security Testing Market, by Network Security, by Region, 2019-2032 (USD Billion)
- 5.5. Device Security
- 5.5.1. Global Security Testing Market, by Device Security, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Security Testing Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Security Testing Market, by Deployment Mode
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 6.3. Cloud
- 6.3.1. Global Security Testing Market, by Cloud, by Region, 2019-2032 (USD Billion)
- 6.4. On-Premises
- 6.4.1. Global Security Testing Market, by On-Premises, by Region, 2019-2032 (USD Billion)
7. Global Security Testing Market, by Industry Vertical
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 7.3. IT & Telecom
- 7.3.1. Global Security Testing Market, by IT & Telecom, by Region, 2019-2032 (USD Billion)
- 7.4. BFSI
- 7.4.1. Global Security Testing Market, by BFSI, by Region, 2019-2032 (USD Billion)
- 7.5. Healthcare
- 7.5.1. Global Security Testing Market, by Healthcare, by Region, 2019-2032 (USD Billion)
- 7.6. E-Commerce & Retail
- 7.6.1. Global Security Testing Market, by E-Commerce & Retail, by Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Security Testing Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Security Testing Market, by Size of Enterprise
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 8.3. Small & Medium Enterprises
- 8.3.1. Global Security Testing Market, by Small & Medium Enterprises, by Region, 2019-2032 (USD Billion)
- 8.4. Large Enterprises
- 8.4.1. Global Security Testing Market, by Large Enterprises, by Region, 2019-2032 (USD Billion)
9. Global Security Testing Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Security Testing Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Security Testing Market - North America
- 9.3.1. North America: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.3.2. North America: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.3.3. North America: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.3.4. North America: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.3.5. Security Testing Market - U.S.
- 9.3.5.1. U.S.: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.3.6. Security Testing Market - Canada
- 9.3.6.1. Canada: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4. Security Testing Market - Europe
- 9.4.1. Europe: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.2. Europe: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.3. Europe: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.4. Europe: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.5. Security Testing Market - UK
- 9.4.5.1. UK: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.6. Security Testing Market - France
- 9.4.6.1. France: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.6.2. France: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.6.3. France: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.6.4. France: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.7. Security Testing Market - Germany
- 9.4.7.1. Germany: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.8. Security Testing Market - Italy
- 9.4.8.1. Italy: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.9. Security Testing Market - Spain
- 9.4.9.1. Spain: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.10. Security Testing Market - Netherlands
- 9.4.10.1. Netherlands: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.4.11. Security Testing Market - Russia
- 9.4.11.1. Russia: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5. Security Testing Market - Asia Pacific
- 9.5.1. Asia Pacific: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.5. Security Testing Market - China
- 9.5.5.1. China: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.5.3. China: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.5.4. China: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.6. Security Testing Market - India
- 9.5.6.1. India: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.6.3. India: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.6.4. India: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.7. Security Testing Market - Japan
- 9.5.7.1. Japan: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.8. Security Testing Market - Malaysia
- 9.5.8.1. Malaysia: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.9. Security Testing Market - Indonesia
- 9.5.9.1. Indonesia: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.5.10. Security Testing Market - South Korea
- 9.5.10.1. South Korea: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.6. Security Testing Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.6.5. Security Testing Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.6.6. Security Testing Market - South Africa
- 9.6.6.1. South Africa: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.6.7. Security Testing Market - Israel
- 9.6.7.1. Israel: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.6.8. Security Testing Market - UAE
- 9.6.8.1. UAE: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.7. Security Testing Market - Latin America
- 9.7.1. Latin America: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.7.5. Security Testing Market - Mexico
- 9.7.5.1. Mexico: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.7.6. Security Testing Market - Brazil
- 9.7.6.1. Brazil: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
- 9.7.7. Security Testing Market - Argentina
- 9.7.7.1. Argentina: Security Testing Market, by Type, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Security Testing Market, by Size of Enterprise, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Security Testing Market, by Deployment Mode, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Security Testing Market, by Industry Vertical, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Accenture PLC
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Cognizant Technology Solutions Corporation
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. DXC Technology Company
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. IBM Corporation
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Micro Focus International plc
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. NCC Group plc
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Paladion Networks Private Limited
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Qualys, Inc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Rapid7, Inc.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Synopsys, Inc.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Trustwave Holdings, Inc.
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Veracode, Inc.
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. WhiteHat Security, Inc. (acquired by NTT Ltd.)
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Wipro Limited
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. 7safe Limited (acquired by PA Consulting)
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development