Security Testing Market Size Worth $41.60 Billion By 2032 | CAGR: 16.2%

The global security testing market size is expected to reach USD 41.60 billion by 2032, according to a new study by Polaris Market Research. The report “Security Testing Market Share, Size, Trends, Industry Analysis Report, By Type (Application Security, Network Security, Device Security, and Others); By Deployment Mode; By Size of Enterprise; By Industry Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Software security testing is a critical process that aims to uncover vulnerabilities, threats, and risks within a software application. By examining the system, it effectively helps mitigate the risk of information loss, revenue loss, and damage to the organization's reputation. This is important for businesses of all sizes, from small to large-scale enterprises, as it helps pinpoint potential weaknesses and loopholes in the software system, whether from internal or external sources.

The global security testing market is experiencing a surge due to the growing reliance on web and mobile-based critical business applications, which necessitates heightened endpoint protection. Enterprises are taking measures to ramp up security to thwart financial losses resulting from increasingly sophisticated cyberattacks. Additionally, stringent government regulations mandating the adoption of security testing solutions and services are propelling market growth.

However, there are still challenges that need to be addressed, such as a shortage of skilled security professionals and the high costs associated with conducting security tests. Nevertheless, the rise in cloud-based security testing adoption, along with advancements in technologies like DevOps, DevSecOps, and Agile in software security testing, is poised to provide lucrative opportunities for market expansion in the forecast period.

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Cloud-based security testing solutions are becoming increasingly popular due to their scalability and cost-effectiveness. As emerging technologies such as IoT and blockchain gain prominence, specialized testing services become essential. The growth of the market is further driven by the continuous evolution of cyber threats, which makes security testing an indispensable investment for organizations that want to strengthen their digital infrastructure and maintain customer trust.

Security Testing Market Report Highlights

• The application security segment is expected to grow at the highest CAGR during the projected period on account of increasing security measures from threats of cybersecurity
• Cloud segment accounted for the largest market share in 2022, which is mainly driven by higher performance and flexibility
• Small and medium Enterprises segment held a significant market revenue share in 2022, mainly due to better affordability and flexibility
• The BFSI segment accounted for the largest market share in 2022, owing to stringent compliance standards in this sector
• North America region dominated the market with a majority share in 2022, owing to exponential growth in technology and rising R&D investments
• The global key market players include Accenture PLC, Cognizant Technology Solutions Corporation, DXC Technology Company, IBM Corporation, Micro Focus International plc

Polaris Market Research has segmented the security testing market report based on type, deployment mode, size of enterprise, industry vertical, and region:

Security Testing, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Application Security
• Network Security
• Device Security
• Others 

Security Testing, Deployment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

• Cloud
• On-Premises

Security Testing, Size of Enterprise Outlook (Revenue - USD Billion, 2019 - 2032)

• Small & Medium Enterprises
• Large Enterprises

Security Testing, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• IT & Telecom
• BFSI
• Healthcare
• E-Commerce & Retail
• Others

Security Testing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Security Testing Market Report Scope