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Pulished Date April, 2021
ID: 8336
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Security Testing Market Research Report – Segmented By Type (Network, Application, and Device), Tool (Penetration Testing, Web Testing, Automated Testing, and Code Review), Deployment mode (Cloud and On-Premises), Organization Size, Vertical, by Region – Global Industry Analysis, Size, Share, Growth, Investment, and Forecasts (2021-2026)

Pulished: April, 2021
ID: 8336
Pages: 170

Security Testing Market Size & Growth (2021–2026)

The size of the Security Testing Market was around USD 5.57 Billion by revenue, at the end of 2020. It is expected to grow at a CAGR of 20.74% to reach close to USD 15.74 Billion by the end of the forecast period. This market is a rapidly-growing with majorly driven by the rising demand from IT & Telecom and BFSI industry verticals across the world, for the security of applications.

Report Scope:

Report Metric


Market size available for years


Base year


Forecast period


Segments covered

Type, Tool, Deployment Mode, Organization Size, Vertical, Region

Regions covered

North America, APAC, Europe, Latin America and Middle East & Africa

Companies covered

Capgemini SE, Cisco Systems Inc., Wipro Limited, Hewlett Packard Enterprise, Valency Networks Pvt Ltd, IBM Corporation, Hexaware Technologies Limited, Qualys Inc., Symetrics, WhiteHat Security, Beyond Security, TraceSecurity, Applause App Quality Inc., Accenture, Cognizant Technology Solutions Corp, Rohde & Schwarz UK Ltd, Infosys Limited, CloudBees, Tata Consultancy Services Limited, McAfee, Veracode, Zensar Technologies Limited, Checkmarx, PortSwigger, UL LLC, Cenzic, and Intertek Group Plc

Fastest Growing Market

Asia Pacific

Largest Market

North America



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Recent Developments:

Intel, a primary key participant of the security testing market, has announced the plans to open-source a new firmware security testing tool. The name of the device is HBFA known as Host -Based Firmware Analyzer. This project is expected to be formally introduced at the RSA 2019 security conference, San Francisco.

Drivers and Restraints:

The strict and mandatory rule from the governments of different countries which regulates compulsory testing is a significant driver to the growth of the market. Also, increased adoption of cloud-based web and mobile based applications which call for the need for improvement of security due to the interference of third-party is considered to be a major driving factor to the security testing market.

However, the high costs associated with the innovation and deployment cost affecting the budgets are the primary restraining factor to the security testing market in the forecast period. Also, the lack of awareness about cybersecurity and increased adoption of a freeware security application may pose some friction to the growth of the market for security testing market.

Market Segmentation

By Type

  • Network
  • Application
  • Device

Application testing segment is the fastest growing and has accounted for the highest share in the market. This progress is attributed to the increased wed and mobile applications being susceptible to vulnerabilities and threats.

By Tool

  • Penetration Testing
  • Web Testing
  • Automated Testing
  • Code Review

The web penetration testing segment of tools for security testing is the largest in terms of value and volume in 2018 and is calculated to have the fastest growth rate in the forecast as mentioned earlier period. The growth is assisted by the growing cyberattacks on critical hardware and software applications of organizations.

By Deployment Mode

  • Cloud
  • On-Premises

Among the mentioned the cloud segment of deployment mode is the fastest growing in the forecast period due to the convenience it provides to both sides of the users.

By Organization size and Vertical

  • SMEs
  • Large Enterprises

The SMEs segment is anticipated to lead the market for security testing.

By Industry

  • Government and Public Utilities
  • BFSI
  • Healthcare
  • IT & Telecom
  • Others.

BFSI and IT& Telecom sectors are estimated to be the top leading segments in the market for security testing. This is attributed to the implementation of technology in the banking and financial segment of the world.

Security Testing Market Geographical Analysis:

By geography, the market is segmented as

  • Latin America
  • Europe
  • Asia Pacific
  • North America
  • Middle-East & Africa.

North America region leads the global Security Testing market by both value and volume, as of 2019. The situation of all the market key players in this region is the main reason for its leading market position. However, this region is only the second fastest growing in the world following the Asia Pacific region. Europe is the second lead for Security Testing market in the year 2019. The presence of a vast customer base in and around this region is helping in the growth of the Security Testing market in Europe. Also, the technological supremacy of Europe and North America over the rest of the world is the vital condition which facilitates them to develop in this emerging field, creating the eye-catching performance in the market.

The Asia Pacific region is the next largest market share holder in the year 2019, in terms of value and volume. This region is expected to be the fastest growing regional market for Security Testing owing to the future opportunities offered in this region and interest shown from the top leading key companies in the Asia Pacific region, mainly towards India, China, and Japan which is the cause for such growth rate. The regional advantages offered this region, such as ease of setup and cheap resources, and a large number of skilled populations is a significant reason for this region’s advancement in the market.

On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer opportunities for market growth. Hence, the Security Testing Market grows at a slow pace in these regions.

Security Testing Market Key Market Players:

By the end of 2019 Capgemini SE, Cisco Systems Inc., Wipro Limited, Hewlett Packard Enterprise, Valency Networks Pvt Ltd, IBM Corporation, Hexaware Technologies Limited, Qualys Inc., Symetrics, WhiteHat Security, Beyond Security, TraceSecurity, Applause App Quality Inc., Accenture, Cognizant Technology Solutions Corp, Rohde & Schwarz UK Ltd, Infosys Limited, CloudBees, Tata Consultancy Services Limited, McAfee, Veracode, Zensar Technologies Limited, Checkmarx, PortSwigger, UL LLC, Cenzic, and Intertek Group Plc are the leading shareholders of the market for Security Testing.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Market Share Analysis                           

                5.2 Product Benchmarking                          

                5.3 Regional Presence                   

                5.4 Mergers & Acquistion Landscape                      

                5.5 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Security Testing Market, by Type                      

                                6.1.1 Network  

                                6.1.2 Application              

                                6.1.3 Device       

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Security Testing Market, by Tool                       

                                6.2.1 Penetration Testing            

                                6.2.2 Web Testing           

                                6.2.3 Automated Testing             

                                6.2.4 Code Review          

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Security Testing Market, by Deployment Mode                         

                                6.3.1 Cloud         

                                6.3.2 On-Premises          

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Security Testing Market, by Organization size                             

                                6.4.1 SMEs         

                                6.4.2 Large Enterprises 

                                6.4.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

                6.5 Security Testing Market, by Vertical                

                                6.5.1 Government and Public Utilities    

                                6.5.2 BFSI            

                                6.5.3 Healthcare              

                                6.5.4 IT&Telecom            

                                6.5.5 others       

                                6.5.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.5.7 Y-o-Y Growth Rate Analysis             

                                6.5.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2021-2026)                            

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Tool      

                                7.2.4 By Deployment Mode        

                                7.2.5 By Organization size            

                                7.2.6 By Vertical               

                                7.2.7 Y-o-Y Growth Rate Analysis             

                                7.2.8 Market Attractiveness Index          

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Tool      

                                7.3.4 By Deployment Mode        

                                7.3.5 By Organization size            

                                7.3.6 By Vertical               

                                7.3.7 Y-o-Y Growth Rate Analysis             

                                7.3.8 Market Attractiveness Index          

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Tool      

                                7.4.4 By Deployment Mode        

                                7.4.5 By Organization size            

                                7.4.6 By Vertical               

                                7.4.7 Y-o-Y Growth Rate Analysis             

                                7.4.8 Market Attractiveness Index          

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Tool      

                                7.5.4 By Deployment Mode        

                                7.5.5 By Organization size            

                                7.5.6 By Vertical               

                                7.5.7 Y-o-Y Growth Rate Analysis             

                                7.5.8 Market Attractiveness Index          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Type    

                                7.6.3 By Tool      

                                7.6.4 By Deployment Mode        

                                7.6.5 By Organization size            

                                7.6.6 By Vertical               

                                7.6.7 Y-o-Y Growth Rate Analysis             

                                7.6.8 Market Attractiveness Index          

8. Key Player Analysis                                    

                8.1 Capgemini SE                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2   Cisco Systems, Inc.                

                8.3 Wipro Limited                            

                8.4 Hewlett Packard Enterprise                 

                8.5 Valency Networks Pvt Ltd                    

                8.6 IBM Corporation                      

                8.7 Hexaware Technologies Limited                        

                8.8  Qualys, Inc.                

                8.9 Symetrics                    

                8.10 WhiteHat Security                 

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by auction type,by tool,by deployment,by region device, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Security Testing Market By Region, From 2021-2026 ( USD Billion )
  2. Global Security Testing Market By Type, From 2021-2026 ( USD Billion )
  3. Global Network Market By Region, From 2021-2026 ( USD Billion )
  4. Global Application Market By Region, From 2021-2026 ( USD Billion )
  5. Global Device Market By Region, From 2021-2026 ( USD Billion )
  6. Global Security Testing Market By Tool, From 2021-2026 ( USD Billion )
  7. Global Penetration Testing Market By Region, From 2021-2026 ( USD Billion )
  8. Global Web Testing Market By Region, From 2021-2026 ( USD Billion )
  9. Global Automated Testing Market By Region, From 2021-2026 ( USD Billion )
  10. Global Code Review Market By Region, From 2021-2026 ( USD Billion )
  11. Global Security Testing Market By Deployment Mode, From 2021-2026 ( USD Billion )
  12. Global Cloud Market By Region, From 2021-2026 ( USD Billion )
  13. Global On-Premises Market By Region, From 2021-2026 ( USD Billion )
  14. Global Security Testing Market By Organization size, From 2021-2026 ( USD Billion )
  15. Global SMEs Market By Region, From 2021-2026 ( USD Billion )
  16. Global Large Enterprises Market By Region, From 2021-2026 ( USD Billion )
  17. Global Security Testing Market By Vertical, From 2021-2026 ( USD Billion )
  18. Global Government and Public Utilities Market By Region, From 2021-2026 ( USD Billion )
  19. Global BFSI Market By Region, From 2021-2026 ( USD Billion )
  20. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )
  21. Global IT&Telecom Market By Region, From 2021-2026 ( USD Billion )
  22. Global Others Market By Region, From 2021-2026 ( USD Billion )

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