According to the latest research report titled ‘GLOBAL Security Testing Market 2021-2028’, available with Market Study Report, worldwide security testing market is anticipated to accrue notable returns, registering a CAGR of 24.28% during 2021-2028.
 

Increasing security risks, stringent government regulations, and proliferation of network attacks are warranting global security testing market growth. Moreover, growing adoption of cloud-based services, rising penetration of IoT technologies, and changing business environment are the expected to create new growth avenues for the market in the upcoming years.
 

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On the contrary, lack of informative data on testing, along with death of skilled cyber security personnel are hindering the overall market expansion.
 

Based on deployment mode, global security testing industry is split into cloud and on-premise. With respect to type, the market is split into network security testing, testing type, and application security testing.
 

In terms of testing tools, the industry is categorized into code review tool, web application testing tool, penetration testing tool, software testing tool, and others. Moving to end-user spectrum, the market is fragmented into BFSI, government, manufacturing, healthcare, retail, IT & telecom, and others.
 

Geographically, top contributors to global security testing market remuneration are Asia Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries), North America (U.S., Canada), Latin America (Latin America, Brazil), Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa), and Europe (Russia, Germany, France, Italy, Spain, U.K.).
 

North America currently holds majority of the industry share, with Canada as a major growth promoter. Implementation of Digital Privacy Act that has assisted organizations in optimizing their compliance programs, along with heavy government investments in enhancing security infrastructure are supporting the industry growth in Canada. Such investments across various industry verticals is expected to enhance the regional market growth in the upcoming years.
 

Key players in global security testing industry sphere are Rapid7, Inc., Checkmarx Ltd., Maveric Systems Ltd., Paladion Networks Pvt. Ltd., ControlCase, LLC, Veracode, Inc., McAfee Corp., IBM Corp., Hewlett-Packard Company, Cisco Systems, Inc., Accenture plc, Applause App Quality, Inc., OffSec Services Ltd., iViZ Security (acquired by Cigital), and Core Security Technologies.