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Security Testing Market Trends

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

Security Testing Market Trends

The increasing adoption of cloud technologies is an emerging trend in the security testing industry. As more organizations migrate their data and applications to the cloud, they face unique security challenges. Cloud security testing addresses these challenges by evaluating the security of cloud infrastructure & services, identifying vulnerabilities, and ensuring compliance. It helps organizations protect sensitive data, maintain the integrity of applications, and mitigate risks associated with cloud-based operations, addressing a fundamental aspect of modern cybersecurity in the digital age.
 

The security testing industry is also witnessing a notable trend of AI and automation. AI-driven tools and automated processes enhance the efficiency & effectiveness of security testing. For instance, in September 2023, Code Intelligence launched CI Spark, a security testing solution powered by Large Language Models (LLMs). CI Spark employs LLMs to autonomously detect vulnerabilities and propose test code, utilizing generative AI to automate the creation of fuzz tests and enhancing AI-driven white-box testing capabilities. This trend will allow organizations to proactively identify & address security issues, adapting to the evolving threat landscape more effectively and ultimately strengthening their cybersecurity position.

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.

Security Testing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 337
  • Countries covered: 20
  • Pages: 250
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