Global Security Testing Market Overview:
The Global Security Testing Market was valued at USD 3.52 billion in 2018, and it is expected to register a CAGR of 27.2% during the forecast period (2019 – 2024).
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– The increasing adoption of IoT devices and BYOD (Bring Your Own Device) is stimulating market growth. As IoT-connected devices become an integral part of our daily lives, it is crucial that these devices undergo testing and establish a minimum baseline for security.
– With the penetration of mobile devices and ICT, various government and public enterprises are dependent on information infrastructure services. However, this dependency has become a vulnerable factor for numerous business enterprises, due to the rise in cybersecurity threats. Majority of the companies (and countries) realize that cyber threat is one of the most serious economic security challenges they face.
– It is becoming increasingly evident that traditional methods, such as anti-malware software, are no longer sufficient to keep sensitive information safe. To address this challenge, various progressive companies are fortifying their sensitive information with the cybersecurity strategy by using security testing tools for better protection. These security testing (ST) tools are used to identify and fix vulnerabilities in the system.
Scope of the Report
Security testing is a type of software testing that intends to uncover vulnerabilities of the system and determine that its data and resources are protected from possible intruders. Security testing of any system is about finding all possible loopholes and weaknesses of the system that may result into a loss of information, revenue, and repute at the hands of the employees or outsiders of the organization.
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Key Market Trends
Hybrid Segment to Gain Significant Importance over the Forecast Period
– While many companies are looking for simple security solutions through cloud deployment, the complicated nature of cyber threats is forcing enterprises to look beyond conventional security testing mechanisms to address their security needs. There is a need to incorporate strong security practices in every step of the software development lifecycle, which requires collaboration over the cloud.
– On the other hand, the companies are also required to run their security tools, and as a result, hybrid solutions have emerged as the most feasible solution for organizations.
– Large enterprises are subject to many compliance and internal regulations, and the security testing teams (both internal and outsourced) are required to use automatic security tools as part of the process of building applications and solutions.
– The recent proliferation of SaaS providers in the market has greatly impacted the enterprise architecture of the testing service providers.
North America to Hold Major Share
– The North American region is a technology hub. Therefore, the Federal government has made very stringent rules regarding security testing services. Moreover, it is made compulsory for industries, such as BFSI, to adhere to compliance testing.
– According to ITU, North America features as the most pro-active and committed region, in terms of cybersecurity-based initiatives. The GCI score given to the major countries (United States – 0.91 and Canada – 0.81) further reinforces their commitment toward building a robust cybersecurity framework, coupled with enhanced security testing methodologies.
– Moreover, the United States is increasingly focusing on cybersecurity at both the national and state level, notably for financial services firms. In addition, the region is home to prominent cloud service providers, such as Microsoft and Amazon, which is expected to play a significant role in the growth of cloud-based security testing.
The security testing market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic innovations and collaborative initiatives to increase their market share and increase their profitability.
– February 2019 – Help Systems acquired the Core Security assets from SecureAuth. The assets acquired from SecureAuth are solutions for identity governance and administration, penetration testing, threat detection, and vulnerability management. Through this acquisition, the company aims to help its customer stay on top of the shifting cybersecurity environment.
– September 2018 – Offensive Security received a growth investment from Spectrum Equity, with participation from TenEleven Ventures. The company is expected to use the investment to expand and evolve its industry-defining security training and certifications, virtual lab offerings, and to support the Kali Linux open source project and community.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Security Threats
4.3.2 Government Regulations Driving Security Needs
4.4 Market Restraints
4.4.1 Lack of Awareness about Security Testing
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By Deployment
5.2 By Type
5.2.1 Network Security Testing
184.108.40.206 VPN Testing
220.127.116.11 Firewall Testing
18.104.22.168 Other Service Types
5.2.2 Application Security Testing
22.214.171.124 Application Type
126.96.36.199.1 Mobile Application Security Testing
188.8.131.52.2 Web Application Security Testing
184.108.40.206.3 Cloud Application Security Testing
220.127.116.11.4 Enterprise Application Security Testing
18.104.22.168 Testing Type
5.3 By Testing Tool
5.3.1 Web Application Testing Tool
5.3.2 Code Review Tool
5.3.3 Penetration Testing Tool
5.3.4 Software Testing Tool
5.3.5 Other Testing Tools
5.4 By End-user Industry
5.4.5 IT and Telecom
5.4.7 Other End-user Industries
5.5.1 North America
5.5.4 Latin America
5.5.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Core Security Technologies Inc
6.1.2 iViZ Security Inc.
6.1.3 Offensive Security LLC
6.1.4 Applause App Quality Inc
6.1.5 Accenture PLC
6.1.6 Cisco Systems Inc.
6.1.7 Hewlett Packard Enterprise
6.1.8 IBM Corporation
6.1.10 Veracode Inc.
6.1.11 ControlCase LLC
6.1.12 Paladion Networks Pvt Ltd
6.1.13 Maveric Systems Ltd
6.1.14 Checkmarx Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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This post was originally published on The Picayune Current