In a recent published report, Global Security Testing Market report for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Security Testing Market products.
Get PDF Sample Reports Here – https://www.kennethresearch.com/sample-request-10065214
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Security testing is process which checks the security system of an IT system for proper functionality i.e. it checks that the security system is working properly in protecting the system. The global Security testing market was valued at USD XXX Billion in 2013 and is expected to reach USD XXX Billion by 2019, at a CAGR of XX% between 2013 and 2019.
Due to the logical limitations of a security system just installing one and passing it is not enough to ensure the proper protection of the data. Therefore, the need of security testing. Due to the increasing use of web and mobile applications by various industries the risk of cyber threats has increased. This requires for a full proofed security system which is checked by the security testing process.
The drivers of the security testing market are as under:
The use of mobile and web applications in various organizations are sky high. But the risk of security and cyber threats ahs also increased which is the main driver of security testing market as organizations want to protect their data.
The second main driver of this market is the government mandates and policies which make security testing mandatory at various kevel in an organization.
The advent of Internet of things (IoT) and Bring your own Device (BYOD) employees in various organizations is also a driving factor.
The roadblocks faced by Security Testing are as follows:
The major roadblock for the growth of this market is the lack of awareness and limited knowledge about security testing among its potential buyers which will involve awareness initiatives which are time consuming.
The high costs for maintenance and excessive deployment costs also pose hindrance in the development of these markets.
Lack of professionals and domain specific tools also threat the development of this market.
The market for Security Testing is segmented on the basis of deployment mode, type, organisation size, tool, industry vertical and region.
On the basis of Deployment Mode
On the basis of Type
o Device Security Testing
o Application security Testing
> By services
Cloud Application Security Testing
Mobile Application Security Testing
Web Application Mobile Testing
> By type
Static Application Security testing (SAST)
Dynamic Application Security Testing(DAST)
o Network Security Testing
Out of these segments Application Security Testing has the highest expected CAGR. This is due to the employment of BYOD and Internet of Things which has connected various applications whose security is top concern or various organisations.
On the basis of Organisation Size
o Large Enterprises
o Small and Medium Enterprises (SME’s)
On the basis of Tool
o Automated Testing Tools
o Web Testing Tools
o Penetration Testing Tools
o Code Review Tools
On the basis of Industry Vertical
o IT and telecom
o Government and public utilities
On the basis of Region
o North America
o Asia Pacific
o Latin America
o Middle east and Africa
Geographically the market is segmented into three different regions: North America, Eastern Europe, Western Europe, Asia Pacific and Latin America Middle East. North America is the leading region in the global market. This is attributed to technological advancements in the IT sector in the region, easy and rapid adoption of new technology and this is followed by Europe which has the second largest share due to the policies in the region like Bring your Own Device (BYOD) in various organisations and the rapid adoption of security testing in various end user verticals like defence and government sector agencies. However, Asia pacific is expected to show the largest growth in the forecasted period due to the realisation of importance of security testing software by various organisations and the investments to improve security in various industrial verticals. Japan due to its major production of mobile d devices is also expected to fuel the security testing market in this region.
The key players who are driving the market of Security testing and determine its future are, Inc. (U.S.), IBM Corporation (U.S.), Qualys, Inc. (U.S.), Veracode (U.S.), WhiteHat Security (U.S.), Applause App Quality, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), Checkmarx (Israel), : Cisco Systems UL LLC (Netherlands), and Intertek Group plc. (U.K.).
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
To Understand How Covid-19 Impact Is Covered in This Report Here – https://www.kennethresearch.com/sample-request-10065214
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Phone: +1 313 462 0609