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Security Testing Market Size, Share, Growth & Industry Analysis, By Type (Application testing, Network testing, Device testing, Others), By Deployment (Cloud-based, On-Premises,), By Organization (Small & Medium Enterprises, Large Enterprises), By Industry, and Regional Analysis, 2024-2031
pages: 170 | baseYear: 2023 | release: March 2025 | author: Sharmishtha M.
The market involves assessing systems, applications, and networks for vulnerabilities to prevent cyber threats. It focuses on identifying and addressing security weaknesses to ensure data integrity, confidentiality, and availability. This process helps protect digital assets from cyber threats such as hacking, malware, and unauthorized access.
The global security testing market size was valued at USD 14.87 billion in 2023, which is estimated to be valued at USD 18.45 billion in 2024 and reach USD 88.14 billion by 2031, growing at a CAGR of 25.03% from 2024 to 2031. Increasing cyber-attacks, data breaches, and cybercrimes are driving the adoption of security testing as organizations implement proactive security measures.
Major companies operating in the security testing industry are VIAVI Solutions Inc., IBM, Open Text Corporation, Intertek Group plc, Checkmarx Ltd., DataArt, Contrast Security, Bugcrowd, Parasoft, HCL Technologies Limited, Cigniti Technologies (A Coforge Company), DXC Technology Company, Cobalt, NCC Group, and GitHub, Inc.
The adoption of cloud services is driving demand for security testing as businesses migrate data and applications to cloud environments. Ensuring robust security measures is critical to protect sensitive information from potential breaches.
Regular security testing is essential to identify vulnerabilities, maintain compliance and defend against evolving cyber threats. As cloud adoption continues to grow, the need for specialized cloud security testing services is expected to rise in turn driving market expansion.
Market Driver
"Increasing Cybersecurity Threats"
The rise in cyber-attacks, data breaches, and cybercrimes is driving the demand for robust cybersecurity measures. Organizations are actively investing in security testing to detect vulnerabilities before they are exploited. Sectors such as finance, healthcare, and government are adopting security testing services to protect critical assets and meet compliance requirements.
Market Challenge
"False Positives and Overload of Data"
A significant challenge in the security testing market is the high number of false positives generated by security testing tools. Sorting through excessive data to identify real threats consumes time and resources.
Critical vulnerabilities may be overlooked due to prioritization issues. AI-powered security testing tools can help reduce false positives by improving the accuracy of vulnerability detection. These tools can also automate threat prioritization based on risk, ensuring security teams focus on the most critical vulnerabilities.
Market Trend
"AI and Machine Learning in Security Testing"
AI and machine learning are transforming security testing by enhancing threat detection and reducing false positives. These technologies analyze vast amounts of data and identify hidden patterns to improve vulnerability assessments.
Machine learning models continuously learn from new data and adapt to evolving threats for proactive security measures. As cyber threats evolve, AI-driven security testing solutions are becoming essential for organizations across industries.
Segmentation |
Details |
By Type |
Application testing, Network testing, Device testing, Others |
By Deployment |
Cloud-based, On-Premises, |
By Organization |
Small & Medium Enterprises, Large Enterprises |
By Industry |
IT & Telecommunications, BFSI, Healthcare, Manufacturing, Government, Others |
By Region |
North America: U.S., Canada, Mexico |
Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe | |
Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific | |
Middle East & Africa: Turkey, UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa | |
South America: Brazil, Argentina, Rest of South America |
Market Segmentation:
Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America security testing market share stood around 33.24% in 2023 in the global market, with a valuation of USD 4.94 billion. North America dominates the market due to a high concentration of technology companies and a well-established cybersecurity infrastructure.
Moreover, the region's strong regulatory framework drives the demand for comprehensive security testing solutions. Additionally, the increasing cyber threats and data breaches drive businesses in this region to invest in advanced security testing solutions, in turn driving the market.
Asia Pacific security testing industry is poised for significant growth at a robust CAGR of 26.03% over the forecast period. Asia Pacific is emerging as the fastest-growing region in the market, driven by rapid digital transformation and increasing cloud adoption.
The region’s expanding tech industry, especially in countries like India, China, and Japan, fuels the demand for cybersecurity solutions. Rising cybercrime and the need to protect critical infrastructure leads to heightened awareness of security vulnerabilities.
As a result, governments and enterprises are making significant investments in advanced security testing, fueling rapid market growth across Asia Pacific.
Collaboration between companies in the security testing industry has become essential to enhance threat detection and improve testing capabilities. By joining forces, key players are integrating their strengths and combining expertise in penetration testing, vulnerability management, and automation.
This collaborative approach ensures the development of more comprehensive and efficient security solutions, offering clients advanced protection against evolving cyber threats while reducing risks and costs.
Recent Developments (M&A/Partnerships/Funding)
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