Security Testing Market by Type & Tool - 2021 The report "Security Testing Market by Type (Netwo

Security Testing Market worth 7.61 Billion USD by 2021

The report "Security Testing Market 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, and Region - Global
Forecast to 2021", The security testing market is estimated to grow from USD 3.31 Billion
in 2016 to USD 7.61 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of
18.1%.

Browse 78 market data Tables and 43 Figures spread through 147 Pages and in-depth
TOC on "Security Testing Market 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, and Region - Global
Forecast to 2021"
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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