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Security Testing Market Share

Report ID: GMI7206
Published Date: Jul 2024
Report Format: PDF

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Security Testing Market Share

Synopsys, Veracode, and Checkmarx Ltd. are the major companies in the security testing industry owing to their advanced, comprehensive solutions. Synopsys offers a wide range of security testing tools including static and dynamic analysis. Veracode provides cloud-based application security testing with a focus on scalability. Checkmarx specializes in static application security testing. Their established reputations, expertise, and strong customer bases make them dominant market players as they prioritize robust security measures in the face of growing cyber threats and compliance requirements.

Security Testing Market Companies

The major companies operating in the security testing industry are:

Cisco
Checkmarx Ltd.
Intertek Group PLC
OpenText
Qualys, Inc.
Rapid7
SecureWorks
Synopsys
Veracode

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of security testing reached USD 8.9 billion in 2023 and is set to witness 20.5% CAGR from 2024 to 2032, backed by the rising frequency and scale of data breaches.

The cloud segment accounted for around 68% market share in 2023, as businesses are increasingly adopting cloud technologies, necessitating security testing to secure data and applications.

North America accounted for a market share of around 36% in 2023, as the region is home to many technology-driven enterprises and financial institutions, which are the prime targets for cyber threats, which along with regulatory frameworks and data privacy laws, such as GDPR and CCPA, are pushing organizations to invest in security testing.

Cisco, Checkmarx Ltd., Intertek Group PLC, OpenText, Qualys, Inc., Rapid7, SecureWorks, Synopsys and Veracode.