Security Testing Market Report Scope & Overview:
The security testing market size was valued at USD 16.2 billion in 2024 and is expected to reach USD 54.1 billion by 2032, growing at a CAGR of 16.29% during 2025-2032.
Security Testing Market growth is driven by the Increasing number of cyberattacks, growing need for regulatory compliance, and adoption of cloud-based applications across industries are key driving forces for the growth of the Security Testing Market. Proactive security assessments to identify vulnerabilities in applications, networks, and systems before exploitation are high on the priority list for organizations. Growth of the Internet of Things (IoT), mobile apps, and DevOps is also driving the need for automated, continuous security testing. AI & machine learning (ML) become prevalent as part of tools that operate for testing and identification, and this also improves the precision and the ease of finding a threat. In addition, the market is also being driven by the increasing awareness among enterprises regarding data privacy and security risks.
The Security Testing Market trend in the U.S. is driven by sophisticated cyber-attacks, stringent compliance regulations, and quickly growing adoption of cloud and DevSecOps. Valued at USD 6.02 billion in 2024, the market is projected to reach USD 16.75 billion by 2032, growing at a CAGR of 13.63% during the forecast period.
Market Dynamics:
Drivers:
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Increasing Frequency and Sophistication of Cyberattacks Drive Greater Adoption of Proactive Security Testing Solutions
The increasing number and sophistication of cyberattacks are the primary reasons for the strong growth of the security testing market. Enterprises across industry verticals are subjected to ransomware, phishing, and zero-day attacks more frequently than ever before. Continuous and proactive security testing helps organizations detect vulnerabilities and weaknesses on time, when they can still be remediated. Security testing tools and services help identify flaws before they are exploited maliciously, as well as assess their impact. At the same time, the attack surface of enterprises is expanding with the increased deployment of IoT devices, mobile apps, and cloud infrastructure. The compliance with regulations such as GDPR, HIPAA, or CCPA demands that organizations to make sure they are effectively testing to secure sensitive data from the constantly evolving threats.
In 2024, U.S.-based organizations saw a 56% year-over-year rise in cyberattacks, averaging 1,300 attacks weekly per organization
Restraints:
-
Significant Setup and Upkeep Expenses Limit Adoption, Especially Among SMEs
While security testing is a critical aspect of the overall security posture of any organization, it is often associated with significant spending in tools, personnel, as well as time and effort to integrate testing into existing systems. SMEs might be unable to divert funds for the initial and ongoing spending required for testing. In the case of continuous testing, this might also require high levels of expertise to be implemented in heavily automated DevSecOps pipelines. At the same time, many security testing tools generate a significant number of false positives, causing organizations to waste resources on chasing incorrect detections. This means that constant resources are needed to keep security testing results under control.
A 2024 report by Coro found that U.S. SMEs managing cybersecurity tools spend an average of 4 hours and 43 minutes daily, juggling roughly 11.55 tools, which is both time-intensive and operationally costly
Opportunities:
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Advancements in AI/ML Capabilities Enable Faster, More Accurate, and Adaptive Security Testing
Need for Automation in Security Testing–The growth of AI and machine learning (ML) technologies is generating substantial openings in the security testing market. These testing tools, powered by AI can identify anomalies, foresee potential threats, and automate the threat analysis with far more accuracy and rapidity as compared to their traditional counterparts. Machine learning algorithms are capable of adapting to new threats, enabling a reduction in false positives as well as an improvement in remediation strategies. It also allows for real-time risk assessment in ever-changing environments such as the cloud and IoT ecosystems. AI analytics are being increasingly integrated into penetration testing, static application security testing (SAST), and dynamic application security testing (DAST) by vendors to make these methods more efficient. This innovation specifically makes it attractive to large enterprise operations of digital infrastructures on a large scale.
AI-driven cybersecurity platforms can reduce incident response times by up to 80%, and detect 85% of cyberattacks compared to just 50% with traditional methods
Challenges:
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Limited Availability of Qualified Experts Hinders Effective Implementation and Optimization of Testing Tools
Workforce shortages of skilled cybersecurity professionals who can run current testing tools and analyze their results are among the top three challenges facing the security testing market [3]. The rise in sophistication of cyber threats has created a supply-demand imbalance in cybersecurity skills around penetration testing, ethical hacking and secure code analysis. Companies may have trouble finding and keeping good testers, relying on outsourced services at times which [] could be a security risk. This talent shortage can hamper effective testing protocol implementation and reduce responsiveness to any identified weaknesses. Even the most sophisticated automated testing tools will underperform in the field of battle if not powered by human intellect.
Segmentation Analysis:
By Type:
In 2024, the application security testing segment dominated the security testing market and accounted for a significant revenue share, due to the rise in application-layer vulnerabilities and an increase in adoption of web and mobile applications, application security testing segment account for the highest revenue share with a robust growth rate as the instant demand in web and mobile applications and data protection regulations on stringent mode are the introducing factors.
The network security testing segment is expected to register the fastest CAGR in the security testing market due to the rising complexity of enterprise networks, an increase in the number of DDoS and ransomware attacks, and the adoption of zero trust architecture. This segment consists of Continuous monitoring and penetration testing, which is likely to demonstrate rapid growth till 2032, with the availability of these new innovative solutions driving growth, especially in industries where critical infrastructure and sensitive data are managed.
By Deployment:
In 2024, the cloud-based segment dominated the security testing market and accounted for a significant revenue share, supported by rapid digital transformation, increased adoption of SaaS, and the need for scalable and on-demand testing solutions. Thus, we can expect to see it expand its dominance, especially as organizations move more workloads to the cloud and can benefit from the flexibility, cost-effective pricing, and AI-driven automated testing control that it offers.
On-premises segment is expected to register the fastest CAGR in the security testing market. Due to the full control of data requirements within industries with strict compliance necessities such as banking, healthcare and, needless to say, defense, the security testing market is expected to register the fastest CAGR in the on-premises segment worldwide.
By Enterprise Size:
In 2024, large enterprises segment dominated the security testing market and accounted for a significant revenue share, due to the presence of more complex IT infrastructures, large cybersecurity budgets, and stricter compliance mandates. This is likely to help the segment in dominating the industry because of its rising adoption among large enterprises to invest heavily in advanced automated testing technologies to reduce the risk of complex and wide-scale of cyber attacks.
The small & medium enterprises segment is expected to register the fastest CAGR in the security testing market, supported by increasing awareness about cyber threats, cost-effective cloud-based testing solution suites, and regulatory forces. The increasing reliance on managed security testing services and AI-based tools will further increase SME adoption through 2032, as these technologies allow modest but effective security for vulnerability management and data protection.
By Industry:
In 2024, the BFSI segment dominated the security testing market and accounted for a significant revenue share, owing to the strict regulatory requirements in the banking sector with the necessity of high-value data protection, as well as the increasing adoption of digital banking services. This segment is expected to dominate as financial institutions are investing in advanced testing to nip changing fraud schemes and cyberattacks in the bud.
The healthcare segment is expected to register the fastest CAGR in the security testing market. Due to the swift digitalization of health records, increased telemedicine growth, and rising instances of healthcare data breaches. High demand for security testing in healthcare through 2032 will be fueled by increasing compliance with HIPAA and other data protection regulations, coupled with greater implementation of AI-enabled vulnerability detection tools.
Regional Analysis:
In 2024, the North America region dominated the security testing market and accounted for a significant revenue share, supported by advanced cybersecurity infrastructure, stringent regulatory frameworks, and high adoption of cloud and IoT technologies. The region is expected to maintain its lead as enterprises continue investing in AI-driven and automated testing solutions to address sophisticated cyber threats.
According to the security testing market analysis, the Asia Pacific region is expected to register the fastest CAGR in the security testing market, driven by rapid digital transformation, expanding internet penetration, and rising cyberattack incidents across emerging economies. Government-led cybersecurity initiatives, growing adoption of cloud services, and increased awareness among SMEs are anticipated to fuel strong demand for security testing across the region through 2032.
Europe is witnessing strong growth due to increasing drug discovery and development, friendly regulations on artificial intelligence in healthcare, and cross-border research collaborations are fueling rapid growth across Europe. Despite a growing adoption of materials and drug design, the region is predicted to experience gradual expansion until 2032 for generative AI applications.
Germany dominated the European market due to its large chemical and pharmaceutical industry, sound academic research infrastructure, and the presence of governmental funding for AI innovation. Finally, with a continued focus on automation and digital chemistry, over the next decade (2025-2032), Germany is best positioned to spearhead generative AI adoption in chemical applications.
Key Players:
The major security testing market companies are IBM Corporation, HCLTech, Synopsys, OpenText, Cigniti, Qualitest, Intertek Group, DXC Technology, eInfochips, Checkmarx, HackerOne, Invicti, DataArt, Cobalt Labs, Trustwave, Contrast Security, Veracode, Qualys, OffSec (Offensive Security), Parasoft and others.
Recent Developments:
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In July 2024, Invicti launched Invicti API Security, combining comprehensive API discovery with proactive security testing in a single platform.
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In May 2025, Invicti launched its next-gen Application Security Platform with AI-powered DAST, delivering 8× faster scans, 40% more high/critical vulnerability detection, and 99.98% accuracy.
Report Attributes |
Details |
Market Size in 2024 |
US$ 16.2 Billion |
Market Size by 2032 |
US$ 54.1 Billion |
CAGR |
CAGR of 16.29 % From 2025 to 2032 |
Base Year |
2024 |
Forecast Period |
2025-2032 |
Historical Data |
2021-2023 |
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments |
• By Type (Application Security Testing, Network Security Testing, Device Security Testing, Others) |
Regional Analysis/Coverage |
North America (US, Canada), Europe (Germany, France, UK, Italy, Spain, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, ASEAN Countries, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar,Egypt, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Mexico, Colombia, Rest of Latin America) |
Company Profiles |
IBM Corporation, HCLTech, Synopsys, OpenText, Cigniti, Qualitest, Intertek Group, DXC Technology, eInfochips, Checkmarx, HackerOne, Invicti, DataArt, Cobalt Labs, Trustwave, Contrast Security, Veracode, Qualys, OffSec (Offensive Security), Parasoft and others in the report |
Table Of Contents
1. Introduction
1.1 Market Definition & Scope
1.2 Research Assumptions & Abbreviations
1.3 Research Methodology
2. Executive Summary
2.1 Market Snapshot
2.2 Market Absolute $ Opportunity Assessment & Y-o-Y Analysis, 2021–2032
2.3 Market Size & Forecast, By Segmentation, 2021–2032
2.3.1 Market Size By Type
2.3.2 Market Size By Deployment
2.3.3 Market Size By Enterprise Size
2.3.4 Market Size By Industry
2.4 Market Share & Bps Analysis By Region, 2024
2.5 Industry Growth Scenarios – Conservative, Likely & Optimistic
2.6 Industry CxO’s Perspective
3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Key Market Trends
3.2 Industry PESTLE Analysis
3.3 Key Industry Forces (Porter’s) Impacting Market Growth
3.4 Industry Supply Chain Analysis
3.4.1 Raw Material Suppliers
3.4.2 Manufacturers
3.4.3 Distributors/Suppliers
3.4.4 Customers/Industryrs
3.5 Industry Life Cycle Assessment
3.6 Parent Market Overview
3.7 Market Risk Assessment
4. Statistical Insights & Trends Reporting
4.1 Testing Adoption & Engagement Metrics
4.1.1 Number of New Security Testing Contracts Signed Annually (Global & Regional)
4.1.2 Growth in Cloud-Native & SaaS-Based Security Testing Deployments (%)
4.1.3 Average Frequency of Security Testing per Application per Year
4.1.4 Share of Internal vs. Outsourced Security Testing Engagements (%)
4.1.5 Penetration Testing vs. Vulnerability Scanning Usage Ratio (%)
4.2 Test Execution & Effectiveness Statistics
4.2.1 Median Number of Vulnerabilities Found per 1,000 Lines of Code Tested
4.2.2 Average Test Execution Time for Web, Mobile, and API Applications (Hours)
4.2.3 Percentage of False Positives Detected During Automated Testing
4.2.4 Critical Vulnerability Discovery Rate in First Test Cycle (%)
4.2.5 Reduction in Average Attack Surface Post-Security Testing (%)
4.3 Cost & Budget Allocation Trends
4.3.1 Average Budget Allocation for Security Testing as % of Total IT Security Spend
4.3.2 Cost Variation Between Automated and Manual Testing Projects (%)
4.3.3 Average Contract Value for Managed Security Testing Services (USD)
4.3.4 Yearly Price Movement for Penetration Testing Services (%)
4.3.5 Percentage of Organizations Increasing Security Testing Budgets Annually
4.4 Tool Adoption & Technology Integration
4.4.1 Adoption Rate of DevSecOps-Integrated Security Testing Tools (%)
4.4.2 Percentage of Testing Platforms with Real-Time Dashboard & Analytics Features
4.4.3 Usage of Cloud Simulation Environments for Security Testing (%)
4.4.4 Share of Testing Tools Supporting Multi-Cloud Security Assessments
4.4.5 AI-Driven Test Case Generation Adoption Rate (%)
4.5 Regulatory Alignment & Incident Prevention Metrics
4.5.1 Percentage of Applications Achieving Full Compliance After Initial Testing
4.5.2 Number of Post-Release Incidents Prevented Due to Pre-Deployment Testing
4.5.3 Compliance Rate with Industry Benchmarks (OWASP, NIST, CIS)
4.5.4 Average Time Saved in Incident Response Due to Security Testing (%)
4.5.5 Percentage of Testing Engagements Including Social Engineering Simulations
5. Security Testing Market Segmental Analysis & Forecast, By Type, 2021 – 2032, Value (Usd Billion) & Volume (Unit)
5.1 Introduction
5.2 Application Security Testing
5.2.1 Key Trends
5.2.2 Market Size & Forecast, 2021 – 2032
5.3 Network Security Testing
5.3.1 Key Trends
5.3.2 Market Size & Forecast, 2021 – 2032
5.4 Device Security Testing
5.4.1 Key Trends
5.4.2 Market Size & Forecast, 2021 – 2032
5.5 Others
5.5.1 Key Trends
5.5.2 Market Size & Forecast, 2021 – 2032
6. Security Testing Market Segmental Analysis & Forecast, By Deployment, 2021 – 2032, Value (Usd Billion) & Volume (Unit)
6.1 Introduction
6.2 On-Premises
6.2.1 Key Trends
6.2.2 Market Size & Forecast, 2021 – 2032
6.3 Cloud-based
6.3.1 Key Trends
6.3.2 Market Size & Forecast, 2021 – 2032
7. Security Testing Market Segmental Analysis & Forecast, By Enterprise Size, 2021 – 2032, Value (Usd Billion) & Volume (Unit)
7.1 Introduction
7.2 Large Size Enterprise
7.2.1 Key Trends
7.2.2 Market Size & Forecast, 2021 – 2032
7.3 Small and Medium Sized Enterprise (SMEs)
7.3.1 Key Trends
7.3.2 Market Size & Forecast, 2021 – 2032
8. Security Testing Market Segmental Analysis & Forecast, By Industry, 2021 – 2032, Value (Usd Billion) & Volume (Unit)
8.1 Introduction
8.2 IT and Telecommunication
8.2.1 Key Trends
8.2.2 Market Size & Forecast, 2021 – 2032
8.3 BFSI
8.3.1 Key Trends
8.3.2 Market Size & Forecast, 2021 – 2032
8.4 Government & Education
8.4.1 Key Trends
8.4.2 Market Size & Forecast, 2021 – 2032
8.5 Healthcare
8.5.1 Key Trends
8.5.2 Market Size & Forecast, 2021 – 2032
8.6 Retail and e-Commerce
8.6.1 Key Trends
8.6.2 Market Size & Forecast, 2021 – 2032
8.7 Transportation & Logistics
8.7.1 Key Trends
8.7.2 Market Size & Forecast, 2021 – 2032
8.8 Others
8.8.1 Key Trends
8.8.2 Market Size & Forecast, 2021 – 2032
9. Security Testing Market Segmental Analysis & Forecast By Region, 2021 – 2032, Value (Usd Billion) & Volume (Unit)
9.1 Introduction
9.2 North America
9.2.1 Key Trends
9.2.2 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.2.3 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.2.4 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.2.5 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.2.6 Security Testing Market Size & Forecast, By Country, 2021 – 2032
9.2.6.1 USA
9.2.6.1.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.2.6.1.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.2.6.1.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.2.6.1.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.2.6.2 Canada
9.2.6.2.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.2.6.2.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.2.6.2.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.2.6.2.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3 Europe
9.3.1 Key Trends
9.3.2 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.3 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.4 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.5 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6 Security Testing Market Size & Forecast, By Country, 2021 – 2032
9.3.6.1 Germany
9.3.6.1.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.1.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.1.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.1.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.2 UK
9.3.6.2.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.2.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.2.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.2.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.3 France
9.3.6.3.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.3.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.3.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.3.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.4 Italy
9.3.6.4.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.4.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.4.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.4.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.5 Spain
9.3.6.5.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.5.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.5.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.5.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.6 Russia
9.3.6.6.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.6.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.6.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.6.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.7 Poland
9.3.6.7.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.7.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.7.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.7.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.3.6.8 Rest of Europe
9.3.6.8.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.3.6.8.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.3.6.8.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.3.6.8.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4 Asia-Pacific
9.4.1 Key Trends
9.4.2 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.3 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.4 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.5 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6 Security Testing Market Size & Forecast, By Country, 2021 – 2032
9.4.6.1 China
9.4.6.1.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.1.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.1.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.1.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.2 India
9.4.6.2.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.2.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.2.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.2.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.3 Japan
9.4.6.3.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.3.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.3.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.3.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.4 South Korea
9.4.6.4.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.4.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.4.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.4.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.5 Australia
9.4.6.5.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.5.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.5.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.5.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.6 ASEAN Countries
9.4.6.6.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.6.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.6.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.6.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.4.6.7 Rest of Asia-Pacific
9.4.6.7.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.4.6.7.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.4.6.7.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.4.6.7.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5 Latin America
9.5.1 Key Trends
9.5.2 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.3 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.4 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.5 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5.6 Security Testing Market Size & Forecast, By Country, 2021 – 2032
9.5.6.1 Brazil
9.5.6.1.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.6.1.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.6.1.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.6.1.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5.6.2 Argentina
9.5.6.2.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.6.2.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.6.2.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.6.2.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5.6.3 Mexico
9.5.6.3.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.6.3.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.6.3.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.6.3.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5.6.4 Colombia
9.5.6.4.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.6.4.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.6.4.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.6.4.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.5.6.5 Rest of Latin America
9.5.6.5.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.5.6.5.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.5.6.5.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.5.6.5.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6 Middle East & Africa
9.6.1 Key Trends
9.6.2 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.3 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.4 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.5 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6 Security Testing Market Size & Forecast, By Country, 2021 – 2032
9.6.6.1 UAE
9.6.6.1.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.1.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.1.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.1.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6.2 Saudi Arabia
9.6.6.2.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.2.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.2.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.2.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6.3 Qatar
9.6.6.3.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.3.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.3.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.3.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6.4 Egypt
9.6.6.4.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.4.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.4.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.4.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6.5 South Africa
9.6.6.5.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.5.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.5.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.5.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
9.6.6.6 Rest of Middle East & Africa
9.6.6.6.1 Security Testing Market Size & Forecast, By Type, 2021 – 2032
9.6.6.6.2 Security Testing Market Size & Forecast, By Deployment, 2021 – 2032
9.6.6.6.3 Security Testing Market Size & Forecast, By Enterprise Size, 2021 – 2032
9.6.6.6.4 Security Testing Market Size & Forecast, By Industry, 2021 – 2032
10. Competitive Landscape
10.1 Key Players' Positioning
10.2 Competitive Developments
10.2.1 Key Strategies Adopted (%), By Key Players, 2024
10.2.2 Year-Wise Strategies & Development, 2021 – 2025
10.2.3 Number Of Strategies Adopted By Key Players, 2024
10.3 Market Share Analysis, 2024
10.4 Product/Service & Deployment Benchmarking
10.4.1 Product/Service Specifications & Features By Key Players
10.4.2 Product/Service Heatmap By Key Players
10.4.3 Deployment Heatmap By Key Players
10.5 Industry Start-Up & Innovation Landscape
10.6 Key Company Profiles
10.6.1 IBM Corporation
10.6.1.1 Company Overview & Snapshot
10.6.1.2 Product/Service Portfolio
10.6.1.3 Key Company Financials
10.6.1.4 SWOT Analysis
10.6.2 HCLTech
10.6.2.1 Company Overview & Snapshot
10.6.2.2 Product/Service Portfolio
10.6.2.3 Key Company Financials
10.6.2.4 SWOT Analysis
10.6.3 Synopsys
10.6.3.1 Company Overview & Snapshot
10.6.3.2 Product/Service Portfolio
10.6.3.3 Key Company Financials
10.6.3.4 SWOT Analysis
10.6.4 OpenText
10.6.4.1 Company Overview & Snapshot
10.6.4.2 Product/Service Portfolio
10.6.4.3 Key Company Financials
10.6.4.4 SWOT Analysis
10.6.5 Cigniti
10.6.5.1 Company Overview & Snapshot
10.6.5.2 Product/Service Portfolio
10.6.5.3 Key Company Financials
10.6.5.4 SWOT Analysis
10.6.6 Qualitest
10.6.6.1 Company Overview & Snapshot
10.6.6.2 Product/Service Portfolio
10.6.6.3 Key Company Financials
10.6.6.4 SWOT Analysis
10.6.7 Intertek Group
10.6.7.1 Company Overview & Snapshot
10.6.7.2 Product/Service Portfolio
10.6.7.3 Key Company Financials
10.6.7.4 SWOT Analysis
10.6.8 DXC Technology
10.6.8.1 Company Overview & Snapshot
10.6.8.2 Product/Service Portfolio
10.6.8.3 Key Company Financials
10.6.8.4 SWOT Analysis
10.6.9 eInfochips
10.6.9.1 Company Overview & Snapshot
10.6.9.2 Product/Service Portfolio
10.6.9.3 Key Company Financials
10.6.9.4 SWOT Analysis
10.6.10 Checkmarx
10.6.10.1 Company Overview & Snapshot
10.6.10.2 Product/Service Portfolio
10.6.10.3 Key Company Financials
10.6.10.4 SWOT Analysis
10.6.11 HackerOne
10.6.11.1 Company Overview & Snapshot
10.6.11.2 Product/Service Portfolio
10.6.11.3 Key Company Financials
10.6.11.4 SWOT Analysis
10.6.12 Invicti
10.6.12.1 Company Overview & Snapshot
10.6.12.2 Product/Service Portfolio
10.6.12.3 Key Company Financials
10.6.12.4 SWOT Analysis
10.6.13 DataArt
10.6.13.1 Company Overview & Snapshot
10.6.13.2 Product/Service Portfolio
10.6.13.3 Key Company Financials
10.6.13.4 SWOT Analysis
10.6.14 Cobalt Labs
10.6.14.1 Company Overview & Snapshot
10.6.14.2 Product/Service Portfolio
10.6.14.3 Key Company Financials
10.6.14.4 SWOT Analysis
10.6.15 Trustwave
10.6.15.1 Company Overview & Snapshot
10.6.15.2 Product/Service Portfolio
10.6.15.3 Key Company Financials
10.6.15.4 SWOT Analysis
10.6.16 Contrast Security
10.6.16.1 Company Overview & Snapshot
10.6.16.2 Product/Service Portfolio
10.6.16.3 Key Company Financials
10.6.16.4 SWOT Analysis
10.6.17 Veracode
10.6.17.1 Company Overview & Snapshot
10.6.17.2 Product/Service Portfolio
10.6.17.3 Key Company Financials
10.6.17.4 SWOT Analysis
10.6.18 Qualys
10.6.18.1 Company Overview & Snapshot
10.6.18.2 Product/Service Portfolio
10.6.18.3 Key Company Financials
10.6.18.4 SWOT Analysis
10.6.19 OffSec
10.6.19.1 Company Overview & Snapshot
10.6.19.2 Product/Service Portfolio
10.6.19.3 Key Company Financials
10.6.19.4 SWOT Analysis
10.6.20 Parasoft
10.6.20.1 Company Overview & Snapshot
10.6.20.2 Product/Service Portfolio
10.6.20.3 Key Company Financials
10.6.20.4 SWOT Analysis
11. Analyst Recommendations
11.1 SNS Insider Opportunity Map
11.2 Industry Low-Hanging Fruit Assessment
11.3 Market Entry & Growth Strategy
11.4 Analyst Viewpoint & Suggestions On Market Growth
12. Assumptions
13. Disclaimer
14. Appendix
14.1 List Of Tables
14.2 List Of Figures
Key Segments:
By Type
Application Security Testing
Network Security Testing
Device Security Testing
Others
By Deployment
Cloud-based
On-premises
By Enterprise Size
Small & Medium Enterprises
Large Enterprises
By Industry
IT & Telecom
BFSI
Healthcare
Retail & E-commerce
Government & Education
Transportation & Logistics
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
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US
-
Canada
Europe
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Poland
-
Russia
-
Rest of Europe
Asia Pacific
-
China
-
India
-
Japan
-
South Korea
-
ASEAN Countries
-
Australia
-
Rest of Asia Pacific
Middle East & Africa
-
UAE
-
Saudi Arabia
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Qatar
-
Egypt
-
South Africa
-
Rest of Middle East & Africa
Latin America
-
Brazil
-
Argentina
-
Mexico
-
Colombia
-
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
-
Detailed Volume Analysis
-
Criss-Cross segment analysis (e.g. Component X Application)
-
Competitive Component Benchmarking
-
Geographic Analysis
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Additional countries in any of the regions
-
Customized Data Representation
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Detailed analysis and profiling of additional market players
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.