PUBLISHER: The Business Research Company | PRODUCT CODE: 1662295
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662295
Security testing is a systematic process aimed at identifying potential weaknesses and vulnerabilities within a system, thereby preventing potential data loss or damage to an organization's reputation. This practice offers various advantages to customers, including features like comprehensive risk assessment and testing of cyber defense capabilities.
The primary categories of security testing include application security testing, network security testing, device security testing, and social engineering. Application security testing involves improving an application's security by detecting and addressing security flaws within its source code. These testing methods can be deployed in on-premises or cloud environments and cater to various business sizes, including small and medium-sized enterprises (SMEs) and large enterprises. These security testing measures find application across multiple industries such as Banking, Financial Services and Insurance (BFSI), healthcare, Information technology (IT), telecom, retail and eCommerce, education, and other sectors.
The security testing market research report is one of a series of new reports from The Business Research Company that provides security testing market statistics, including security testing industry global market size, regional shares, competitors with a security testing market share, detailed security testing market segments, market trends and opportunities, and any further data you may need to thrive in the security testing industry. This security testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The security testing market size has grown exponentially in recent years. It will grow from $12.54 billion in 2024 to $15.15 billion in 2025 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to data breaches and cyber-attacks, stringent regulatory compliance, mobile device proliferation, awareness of insider threats, rising cybersecurity threats, global supply chain security.
The security testing market size is expected to see exponential growth in the next few years. It will grow to $34.59 billion in 2029 at a compound annual growth rate (CAGR) of 22.9%. The growth in the forecast period can be attributed to zero trust security framework adoption, regulatory emphasis on cybersecurity, remote workforce security, focus on security awareness training, automated vulnerability remediation, shift to continuous security testing. Major trends in the forecast period include shift-left approach to security testing, rise in adoption of deVops, focus on automated security testing, continuous monitoring and threat intelligence, application programming interface (API) security testing, cloud security testing solutions, IoT security testing.
The increasing prevalence of cybercrimes globally is anticipated to drive the growth of the security testing market in the coming years. Cybercrime encompasses any illegal activity that utilizes a computer, networked device, or network. Security testing plays a crucial role in mitigating cybercrimes by preventing hackers from accessing and misusing sensitive data, thereby safeguarding businesses from potential failure. For example, in March 2023, a report from the Enforcement Directorate (ED) in India indicated that the number of money laundering cases registered in the financial year 2022-23 reached 579, representing a significant increase compared to previous years. Additionally, the ED reported a total of 3,497 money laundering cases documented over the past five years, highlighting a growing trend in enforcement actions against financial crimes. Consequently, the rise in cybercrimes worldwide is fueling the growth of the security testing market.
The growing adoption of cloud-based solutions is projected to boost the growth of the security testing market in the future. Cloud-based solutions refer to software applications that are hosted on remote servers and accessible via the internet. Security testing, which evaluates the vulnerabilities and resilience of digital systems, is essential for protecting sensitive data and ensuring the integrity of cloud-based applications. The constantly evolving landscape of cyber threats further heightens the demand for comprehensive security testing solutions. For example, in December 2023, the European Commission, a government body based in Luxembourg, reported that 45.2% of enterprises in the EU had purchased cloud computing services, representing an increase of 4.2 percentage points compared to 2021. Thus, the rise in the adoption of cloud-based solutions is driving the growth of the security testing market.
Major players in the security testing market are concentrating on developing innovative technological solutions, such as Active One-Time Scanning, to enhance their ability to quickly detect vulnerabilities, improve compliance, and effectively mitigate cybersecurity risks. Active one-time scanning is a cybersecurity technique that entails conducting a thorough, real-time assessment of a network or system to identify vulnerabilities during specific maintenance windows. For example, in October 2023, Siemens, a Germany-based automation firm, introduced the SINEC Security Inspector. This software framework facilitates active scanning of individual network devices, network segments, or entire networks, allowing organizations to effectively identify vulnerabilities and evaluate the security posture of their systems.
Key players in the security testing market are strategically focusing on the introduction of advanced security testing solutions to optimize their profits. Advanced security testing solutions involve the utilization of sophisticated techniques and tools to identify vulnerabilities and security weaknesses in IT systems, applications, and cloud infrastructure. In July 2023, New Relic, a US-based software company, launched New Relic Interactive Application Security Testing (IAST). Distinguishing itself from other security testing solutions, New Relic IAST offers advanced detection accuracy with minimal false positives, proof-of-exploit capabilities, continuous visibility, and context into security findings. It also provides guided remediation, allowing the fixing of vulnerabilities before applications go into production. The incorporation of proof-of-exploit and automation of vulnerability validation using realistic attack simulation enables security teams, DevOps, and engineers to focus on critical security threats, facilitating quicker and more confident code releases.
In May 2024, Synopsys, Inc., a US-based electronic design automation company, acquired Clearlake Capital Group, L.P. for an undisclosed amount. This acquisition is intended to bolster Synopsys's technology offerings and reinforce its position in the market. Clearlake Capital Group is a US-based private equity firm that focuses on acquiring and managing companies across diverse sectors, including technology, software, and various industries.
Major companies operating in the security testing market are AT&T Inc., Cigniti Technologies Limited, International Business Machines Corporation, McAfee Corp, Micro Focus, Rapid7, Cisco Systems Inc., SecureWorks Inc., F-Secure Corporation, Data Theorem Inc., Hewlett Packard Enterprise Development LP, NTT Security AppSec Solutions Inc., Synopsys Inc., Veracode, Now Secure, Parasoft, ScienceSoft, WhiteHat Security, Kryptowire LLC, Accenture PLC, Aon PLC, AppSec Labs, Bishop Fox, Capgemini SE, Check Point Software Technologies Ltd., Coalfire Systems Inc., Cybercom Group AB, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, FireEye Inc., Fortinet Inc., HCL Technologies Limited, Infosys Limited
North America was the largest region in the security testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the security testing market report forecast period. The regions covered in the security testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the security testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The security testing market includes revenues earned by entities by providing services such as vulnerability scanning, security scanning, penetration testing, security auditing and review, ethical hacking, risk assessment, posture assessment, and authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Security Testing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on security testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for security testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The security testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.