Security Testing Market by Type & Tool - 2021
The major forces driving the security testing market are need for protection of valuable assets such as web & mobile applications and government mandates and regulatory compliances. The security testing market is growing rapidly because of the growing security needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and increased deployment of web & cloud-based business applications.
Application security testing to grow at the highest CAGR from 2016 to 2021
Application security testing is expected to witness the highest CAGR in the global security testing market during 2016–2021. Application security testing solutions are used to secure web and mobile applications deployed by organizations for efficient business operations. Moreover, the emerging IoT and BYOD trends have connected a large number of applications that are susceptible to vulnerabilities and Advanced Persistent Threats (APTs). Thus, the security of these applications is the prime objective of organizations.
Government and public utilities vertical to have the largest market size in 2016
The security testing market has been also segmented into various industry verticals; out of which, the adoption of security testing solutions is expected to be the highest in the government and public utilities vertical as the critical data and applications used by the vertical are prone to advanced threats. Moreover, security testing for Banking, Financial Services, and Insurance (BFSI), retail, and IT & telecom verticals are expected to gain traction during the forecast period.
North America is expected to dominate the security testing market in 2016
North America is expected to hold the largest share of the security testing market in 2016 due to the technological advancements and early adoption of security testing in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The major driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments, adopted by major players to increase their market share. Some of the major technology vendors include Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Qualys, Inc. (U.S.), WhiteHat Security (U.S.), Applause App Quality, Inc. (U.S.), Veracode (U.S.), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group plc. (U.K.).
For More Info - http://www.marketsandmarkets.com/Market-Reports/security-testing-market-150407261.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).