Global Security Testing Market | Growth, Size, Analysis

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The Global Security Testing Market to Develop at
CAGR of 24.28 by 2028

• Triton Market Research presents the Global
  Security Testing Market segmented by Testing
  Tools (Penetration Testing Tool, Web Application
  Testing Tool, Code Review Tool, Software Testing
  Tool, Other Testing Tools), Deployment Mode
  (Cloud, On-Premise), End-user (Manufacturing,
  BFSI, Retail, Government, IT Telecom,
  Healthcare, Other End-user Industries), Type
  (Application Security Testing Cloud Application
  Security Testing, Mobile Application Security
  Testing, Enterprise Application Security Testing,
  Web Application Security Testing, Testing Type
  Interactive Application Security Testing, Static
  Application Security Testing, Runtime Application
  Self Protection, Dynamic Application Security
  Testing, Network Security Testing VPN Testing,
  Firewall Testing, Other Service Types), and
  Geography (Asia- Pacific, Middle East and Africa,
  Latin America, Europe, North America). It further
  discusses the Market Summary, Industry Outlook,
  Key Insights, Porters Five Forces Analysis,
  Market Attractiveness Index, Vendor Scorecard,
  Key Market Strategies, Drivers, Restraints,
  Opportunities, Competitive Landscape, Methodology
  Scope, Global Market Size, Forecasts Analysis
  (2021-2028).

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Tritons report established that the global
security testing market is likely to observe
growth by 24.28 of CAGR during the examined
period of 2021-2028. Security testing includes
software that focuses on detecting potential
threats within systems that can result in the
loss of crucial information for enterprises.
These testing tools are employed in various end-
user industries, such as healthcare, government,
manufacturing, and retail. The surge in the
adoption of cloud-based services, transforming
business environments, and rising IoT connections
are major factors opening several opportunities
for the security testing market. In recent years,
emerging applications and business models, along
with the decline in device costs, have
significantly driven the adoption of IoT
connections. This has led to the rise in the
number of connected devices, including cars,
wearables, and machines. Hence, the growth in IoT
connections has increased cyber threats, thereby
augmenting the need for efficient security
testing solutions. However, the lack of testing
knowledge and shortage of skilled cyber security
personnel are limiting the expansion of the
security testing market. North America holds the
largest share in the security testing market. In
the United States, the growing number of
companies and data centers has increased the risk
of data breaches. This is anticipated to increase
the demand for security testing tools across the
country. Additionally, the country has observed
substantial growth in the adoption of connected
devices, surging the threats of cyber attacks.
These factors amplify the need for effective
security testing solutions to mitigate such
risks. Above all, the growing number of data
breaches, exposing confidential user data, has
enhanced the need for cyber security across the
region. Therefore, employing security testing
solutions to tackle cyber attacks is likely to
position the security testing market on a growth
path. The leading enterprises involved in the
security testing market are Applause App Quality
Inc, Paladion Networks Pvt Ltd, Hewlett-Packard
Company, McAfee LLC, Core Security Technologies
Inc, Veracode Inc, Checkmarx Ltd, Offensive
Security LLC, Maveric Systems Ltd, IBM
Corporation, Cisco Systems Inc, Accenture Plc,
ControlCase LLC, Rapid7, and iViZ Security
Inc. The market penetration by new entrants is
low, owing to the low awareness about security
solutions and tools. However, technological
advancements and rising cyber security concerns
are expected to increase the market for security
testing solutions over the estimated period. This
indicates that the threat of new entrants remains
relatively moderate in the studied market.
Furthermore, the competition among the existing
market players depends on multiple elements, such
as market focus, global players, general
profitability, and others. Here, the current
players are developing novel security testing
solutions, augmenting the intensity of the
competitive rivalry. Hence, the competition among
the existing players is likely to remain
high. Contact Us sales_at_tritonmarketresearch.com
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