Security Testing Market
By Testing Type;
Application Security Testing, Network Security Testing, Device Security Testing, and Social EngineeringBy Deployment Mode;
Cloud and On-premisesBy Organization Size;
Small & Medium Enterprises (SMES) and Large EnterprisesBy Vertical;
BFSI, Healthcare, IT, Telecom, Retail & e-Commerce, Education, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Security Testing Market Overview
Security Testing Market (USD Million)
Security Testing Market was valued at USD 13,632.49 million in the year 2024. The size of this market is expected to increase to USD 56,110.63 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 22.4%.
Security Testing Market
*Market size in USD million
CAGR 22.4 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 22.4 % |
Market Size (2024) | USD 13,632.49 Million |
Market Size (2031) | USD 56,110.63 Million |
Market Concentration | Low |
Report Pages | 369 |
Major Players
- IBM
- Secureworks
- Synopsys
- Rapid7
- Micro Focus International Plc
- Cigniti
- At&T
- Whitehat Security
- Veracode
- Checkmarx
- Mcafee
- Core Security
- Parasoft, Sciencesoft
- Data Theorem
- Kryptowire
- Logrhythm
- Portswigger
- Impactqa
- Nowsecure
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Security Testing Market
Fragmented - Highly competitive market without dominant players
The Security Testing Market is witnessing significant growth as organizations prioritize proactive measures against cyber threats. Over 65% of enterprises now incorporate security testing frameworks into their software development lifecycle to ensure system integrity. The growing complexity of digital infrastructure is leading to heightened investment in penetration testing, vulnerability scanning, and other assessment tools. This trend supports long-term expansion in the sector.
Rise in Cybersecurity Concerns
With cyberattacks increasing by over 70%, businesses are shifting from reactive security to preventive strategies. As a result, more than 60% of companies are adopting automated security testing tools to mitigate risk exposure. The focus on early detection, data protection, and system compliance is encouraging firms to invest in innovative testing methods. These evolving strategies are paving the way for stronger partnerships and enhanced protection frameworks.
Technological Advancements Shaping Innovation
Cutting-edge technologies such as AI-based threat simulation, machine learning algorithms, and automated code analysis are revolutionizing the security testing landscape. Over 58% of providers are integrating these technologies to deliver faster and more accurate results. This wave of technological advancements is fostering new opportunities for collaboration, customized testing services, and improved system resilience.
Future Outlook and Expansion Potential
The future outlook for the Security Testing Market is optimistic, with consistent innovation, rising investments, and an increasing focus on compliance assurance. Over 63% of enterprises are planning to boost their spending on advanced testing tools. This reflects a strong emphasis on expanding infrastructure and delivering secure digital experiences. The market is set for continuous growth, driven by strategic foresight and technology-led transformation.
Security Testing Market Recent Developments
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In August 2023, Synopsys has launched Software Risk Manager, an Application Security Posture Management solution that streamlines application security testing throughout multiple teams and projects by integrating policy,driven orchestration and vulnerability management with Synopsys' SAST and SCA engines, thereby enhancing security testing productivity and risk visibility.
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In June 2023, DXC Technology teamed up with Checkmarx to enhance software security worldwide. DXC will support and sell the Checkmarx One platform, which will be integrated into its services. The partnership provides an all,in,one AppSec solution that includes static and dynamic testing, thus accelerating and securing the development process.
Security Testing Market Segment Analysis
In this report, the Security Testing Market Growth has been segmented into by Testing Type, Deployment Mode , Organization Size, Vertical, Geography .
Security Testing Market, Segmentation by Testing Type
The Security Testing Market has been segmented by Testing Type into Application Security Testing, Network Security Testing, Device Security Testing and Social Engineering.
Application Security Testing
Application Security Testing is essential for identifying and fixing vulnerabilities in software applications before deployment. It helps protect applications from cyber threats such as SQL injection, cross-site scripting, and other malicious attacks. With increasing reliance on web and mobile apps, this testing type is becoming crucial. Organizations use dynamic, static, and interactive testing methods to assess application integrity.
Network Security Testing
Network Security Testing focuses on identifying weaknesses in network infrastructure to prevent unauthorized access and data breaches. It involves scanning for open ports, firewall vulnerabilities, and insecure network protocols. With rising cyber intrusions, this form of testing is vital for ensuring resilient and secure communications. Businesses employ both automated tools and manual testing strategies for network analysis.
Device Security Testing
Device Security Testing addresses security in endpoints such as smartphones, IoT devices, and laptops. This segment ensures that device firmware, OS, and applications are free from exploitable flaws. Increasing device proliferation in enterprise ecosystems heightens the need for this testing. Manufacturers and businesses rely on it to ensure compliance and safeguard user data.
Social Engineering
Social Engineering testing simulates human-targeted attacks like phishing and pretexting to assess organizational resilience. It helps measure the effectiveness of employee awareness training and internal protocols. With human error being a major cybersecurity risk, this testing type is gaining relevance. Organizations conduct periodic exercises to reinforce best practices.
Security Testing Market, Segmentation by Deployment Mode
The Security Testing Market has been segmented by Deployment Mode into Cloud and On-premises.
Cloud
Cloud-based security testing solutions offer scalable and cost-effective services that are easy to deploy across distributed environments. This mode allows access to advanced testing tools without heavy infrastructure investment. SMEs and agile teams favor it due to flexibility and frequent updates. Its popularity is growing with the rise in cloud-native applications and services.
On-premises
On-premises security testing provides greater control over data and processes, making it ideal for highly regulated industries. Organizations with sensitive information prefer it to meet compliance and data sovereignty needs. Though it involves higher setup costs, it allows for customized testing environments. It remains crucial for industries like banking and government.
Security Testing Market, Segmentation by Organization Size
The Security Testing Market has been segmented by Organization Size into Small and Medium Enterprises (SMEs) and Large Enterprises.
Small and Medium Enterprises (SMEs)
SMEs often face budget constraints and limited cybersecurity expertise, making them vulnerable to attacks. Security testing solutions tailored to SMEs offer simplified dashboards and essential threat detection. These solutions provide scalable options that align with resource availability. Vendors are increasingly creating SME-focused packages to foster broader market adoption.
Large Enterprises
Large Enterprises demand robust and scalable testing frameworks capable of handling complex environments. They prioritize integration across multiple systems, departments, and geographies. Their security testing strategies often involve hybrid deployment and automated tools. Compliance with global standards and proactive threat hunting are key requirements in this segment.
Security Testing Market, Segmentation by Vertical
The Security Testing Market has been segmented by Vertical into BFSI, Healthcare, IT, Telecom, Retail & eCommerce, Education and Others.
BFSI
The BFSI sector mandates stringent security testing protocols to protect transactional data and prevent fraud. With increasing digital transactions and regulatory scrutiny, robust vulnerability assessments are essential. Penetration testing and secure code reviews are standard practices. This vertical drives demand for comprehensive security solutions and compliance testing.
Healthcare
Healthcare organizations handle sensitive patient information, requiring strict protection from cyber threats. Security testing ensures compliance with regulations like HIPAA and prevents breaches of medical records. The rise of telehealth and electronic health records adds complexity. Solutions must address both infrastructure and patient-facing applications.
IT
IT firms manage a wide array of digital assets and services, making continuous vulnerability assessment a top priority. Security testing ensures operational continuity and protects intellectual property. Cloud migration and DevSecOps practices further integrate testing in the development lifecycle. The demand for automated and scalable testing tools is growing rapidly.
Telecom
Telecom companies support critical communication infrastructure, making them frequent targets of cyberattacks. Security testing focuses on protecting voice, data, and IoT services. Network-level testing and endpoint validation are essential. This vertical sees increasing investments in threat intelligence integration and AI-based security analysis.
Retail & eCommerce
Retailers must secure customer data and ensure safe digital payment transactions. Testing identifies loopholes in web applications, mobile apps, and backend systems. Seasonal traffic surges demand stress testing and secure transaction validation. Compliance with PCI DSS and data privacy laws drives market adoption.
Education
The Education sector is increasingly adopting digital platforms, creating new vectors for cyber threats. Security testing addresses risks in virtual classrooms, student portals, and administrative systems. With limited budgets, institutions prefer low-cost, high-impact solutions. Awareness training combined with phishing simulations is commonly deployed.
Others
This category includes sectors such as manufacturing, logistics, and energy, each with unique cybersecurity challenges. Security testing helps identify gaps in industrial control systems and operational technologies. These sectors require specialized testing tools for SCADA and IoT environments. Adoption is growing as cyber-physical systems become more interconnected.
Security Testing Market, Segmentation by Geography
In this report, the Security Testing Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Security Testing Market Share (%), by Geographical Region
North America
North America accounts for approximately 36% of the Security Testing Market, driven by high cybersecurity investments, mature IT ecosystems, and stringent data privacy laws. Major industries in the region, including BFSI and healthcare, prioritize proactive security practices. The U.S. leads in technology innovation and adoption of advanced testing frameworks. Growing compliance requirements fuel sustained demand across verticals.
Europe
Europe holds around 27% share of the market, supported by GDPR regulations and rising cyber risk awareness. Countries such as Germany, the UK, and France are heavily investing in data protection infrastructure. The region emphasizes ethical data usage and secure digital transformation. Public sector initiatives and enterprise-level spending are enhancing adoption.
Asia Pacific
Asia Pacific contributes 23% to the global market, with fast-growing economies like China, India, and Japan accelerating digital adoption. The increase in cyberattacks and the expansion of eCommerce and mobile platforms are major drivers. Startups and tech-driven enterprises are embracing cloud-based testing. Government regulations are evolving to bolster data security frameworks.
Middle East and Africa
The Middle East and Africa region represents 8% of the market, with rising focus on protecting critical infrastructure and digital banking services. Countries like the UAE and Saudi Arabia are investing in national cybersecurity strategies. The demand is increasing across oil & gas, telecom, and financial sectors. However, skill shortages and funding constraints may limit scalability.
Latin America
Latin America holds a 6% market share, with countries such as Brazil and Mexico showing growing interest in cybersecurity modernization. Initiatives in digital government, financial inclusion, and online commerce drive demand for security testing. Limited infrastructure and budget challenges create a market for flexible, cloud-based solutions. Regional integration is expected to improve through partnerships.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Security Testing Market. These factors include; Market Drivers, Restraints and Opportunities Analysis .
Drivers, Restraints and Opportunity Analysis
Drivers :
- Increasing cyber threats
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Rising data breaches - The Global Security Testing Market is witnessing significant growth in response to the rising incidence of data breaches worldwide. With organizations increasingly reliant on digital technologies to store and manage sensitive information, the threat landscape has expanded, leading to a surge in cyberattacks targeting valuable data assets. High-profile data breaches, affecting organizations across various sectors including banking, healthcare, retail, and government, have underscored the critical importance of robust security testing measures to identify and mitigate vulnerabilities before they can be exploited by malicious actors.
Furthermore, the financial and reputational repercussions of data breaches have amplified the urgency for organizations to invest in comprehensive security testing solutions. Beyond the direct costs of data breach remediation, organizations also face regulatory fines, legal liabilities, and damage to brand reputation, highlighting the far-reaching consequences of security lapses. As a result, there is a growing recognition among businesses of all sizes of the need to prioritize cybersecurity and adopt proactive measures such as security testing to protect against data breaches and safeguard sensitive information.
Restraints :
- Skilled workforce shortage
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Cost of security testing - The cost of security testing in the Global Security Testing Market can vary significantly depending on various factors such as the type and scope of testing, the complexity of the systems being tested, and the expertise of the testing team. Generally, security testing services are priced based on factors such as the number of applications, devices, or networks being tested, the level of testing required (e.g., basic vulnerability scans versus comprehensive penetration testing), and the duration of the testing engagement.
Moreover, the cost of security testing may also be influenced by the deployment mode chosen by organizations, with cloud-based solutions often offering subscription-based pricing models that can be more cost-effective for some businesses compared to traditional on-premises deployments. Additionally, factors such as regulatory compliance requirements, industry standards, and the need for specialized skills or certifications among testing personnel can also impact the overall cost of security testing services. Overall, while the cost of security testing may represent a significant investment for organizations, it is essential to consider it as a critical aspect of maintaining cybersecurity resilience and protecting against potential threats and vulnerabilities.
Opportunities :
- Focus on DevSecOps
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Increased demand for managed security testing services - The Global Security Testing Market is witnessing a surge in demand for managed security testing services, reflecting a growing recognition among organizations of the need for comprehensive and proactive security measures. Managed security testing services offer businesses the expertise and resources to continuously monitor, assess, and improve their security posture, without the need for significant in-house investments or expertise.
This increased demand can be attributed to several factors, including the rising sophistication of cyber threats, the proliferation of digital technologies, and the evolving regulatory landscape. As cyberattacks become more frequent and complex, organizations are turning to managed security testing services to strengthen their defenses and mitigate risks effectively. Additionally, the adoption of managed services allows organizations to focus on their core business activities while relying on experienced security professionals to manage their security infrastructure and respond to emerging threats in real-time. Overall, the growing demand for managed security testing services underscores the critical importance of proactive security measures in safeguarding against cyber threats and ensuring the resilience of business operations in today's digital landscape.
Competitive Landscape Analysis
Key players in Global Security Testing Market include;
- IBM
- Secureworks
- Synopsys
- Rapid7
- Micro Focus International Plc
- Cigniti
- At&T
- Whitehat Security
- Veracode (Broadcom)
- Checkmarx (Hellman And Friedman)
- Mcafee
- Core Security (A Help Systems Company)
- Parasoft, Sciencesoft
- Data Theorem
- Kryptowire
- Logrhythm
- Portswigger
- Impactqa
- Nowsecure
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Testing Type
- Market Snapshot, By Deployment Mode
- Market Snapshot, By Organization Size
- Market Snapshot, By Vertical
- Market Snapshot, By Region
- Security Testing Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing cyber threats
- Rising data breaches
- Restraints
- Skilled workforce shortage
- Cost of security testing
- Opportunities
- Focus on DevSecOps
- Increased demand for managed security testing services
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Security Testing Market, By Testing Type, 2021 - 2031 (USD Million)
- Application Security Testing
- Network Security Testing
- Device Security testing
- Social Engineering
- Security Testing Market, By Deployment Mode, 2021 - 2031 (USD Million)
- Cloud
- On-premises
- Security Testing Market, By Organization Size, 2021 - 2031 (USD Million)
- Small & Medium Enterprises (SMES)
- Large Enterprises
- Security Testing Market, By Vertical, 2021 - 2031 (USD Million)
- BFSI
- Healthcare
- IT
- Telecom
- Retail & e-Commerce
- Education
- Others
- Security Testing Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Security Testing Market, By Testing Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- IBM
- Secureworks
- Synopsys
- Rapid7
- Micro Focus International Plc
- Cigniti
- At&T
- Whitehat Security
- Veracode (Broadcom)
- Checkmarx (Hellman And Friedman)
- Mcafee
- Core Security (A Help Systems Company)
- Parasoft
- Sciencesoft
- Data Theorem
- Kryptowire
- Logrhythm
- Portswigger
- Impactqa
- Nowsecure
- Company Profiles
- Analyst Views
- Future Outlook of the Market