Initiatives by governments and companies focus on digitalization and the deployment of new technologies in software security testing, such as DevSecOps, DevOps, and Agile would create attractive possibilities for global security testing providers

Security testing is described as the process of examining and evaluating data and hardware in an information system environment to guarantee that the data is secure. Data testing is both discreet and honest. Security testing of any system focuses on identifying any potential holes and flaws in the system that might result in the loss of data or the organization's reputation. The global security testing market has been expanding with high revenue in recent years and is anticipated to expand with 17 USD Billion at a CAGR of 23% during the forecasted period.

The global security testing market is expected to expand rapidly due to an increasing emphasis on adherence to safety requirements across a variety of business verticals. With the introduction of new apps and the proliferation of cyber security risks, the demand for security testing services has grown. The market is likely to be driven by the need to ensure that systems and applications are free of flaws in order to prevent data loss. It also aids in the detection of possible system flaws that might result in substantial data loss on the part of the business.

Specific components of standard security requirements may include confidentiality, integrity, authentication, availability, authorization, and non-repudiation. The specific security standards assessed are determined by the system's protection requirements. Security testing has numerous distinct meanings and may be done in a variety of methods. Increased developments of mobile-based, web-based, and desktop-based apps, as well as their widespread deployment across several business verticals, are projected to be key drivers of security testing market growth.

Increased security concerns have prompted more security testing to identify possible system vulnerabilities. Market growth is projected to be hampered by a lack of domain-specific tools, a lack of understanding regarding security testing, and high implementation and maintenance costs.

Despite the fact that security testing has several advantages, some obstacles limit and impede industry growth. The market's growth is projected to be hampered by a lack of domain-specific tools, a limited understanding of security testing, and excessive deployment and maintenance expenses.

The Adroit Market Research report is provides the analysis of global predictive analytics market with breakdown of trends and highlights of other crucial market aspects. The report includes a ranking of the top companies, their portfolios, product information, major events, and financial information of the predictive analytics market.

The report explore the evolving predictive analytics space globally and highlight the importance PA, identify determinants, and to present the potential benefit of investing in the predictive analytics market. The report exhibits thorough analytical response based on Porter’s Five Forces Model and SWOT analysis. The report takes into account 2018-2020 as historic years, base year 2020, and forecast years 2021-2028.

In terms of the organization size segment, cloud-based networking solutions are preferred by SMEs over on-premises networking solutions because they are more flexible and cost-effective. Attackers target SMEs with the primary objective of getting into apps and gaining access to customer information, payment data, and other sensitive data.

In terms of the vertical segment, the BFSI sector will have the largest market size in the coming years. Significant operational changes have occurred in the BFSI industry in order to improve client experience.

In terms of region, the North American security testing market is expected to have the highest market share during the forecast period, due to its technical superiority, the existence of key market rivals, and a large number of early adopters.

Whitehat Security, Inc., Intertek Group PLC, Cisco Systems, Inc., Qualys, Inc., Hewlett Packard IBM Corporation, Applause, Inc., Enterprise Company, UL LLC, Checkmarx Ltd., and Veracode, Inc. are the key players in the global security testing market. The competitive landscape section also contains the above-mentioned competitors' market share, main development strategies, and market ranking analysis on a worldwide scale.

Key Segments of the Global Security Testing Market

Testing Type Overview, 2018-2028 (USD Billion)

• Application Security
• Device Security
• Network Security
• Social Engineering

Deployment Mode Overview, 2018-2028 (USD Billion)

• On-premises
• Cloud

Organization Size Overview, 2018-2028 (USD Billion)

• SMEs
• Large Enterprises

Vertical Overview, 2018-2028 (USD Billion)

• BFSI
• IT and Telecom
• Healthcare

Regional Overview, 2018-2028 (USD Billion)

North America

• U.S.
• Canada

Europe

• France
• UK
• Germany
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

South America

• Brazil
• Mexico
• Rest of South America

The Middle East and Africa