Security testing market overview, Growth, Trends and Dynamic Analysis 2021
The IT and software industry has undergone various advancements paving the way for a number of opportunities. However, with these advancements, there has been increased risk of cyber threats and data loss. Considering the increasing need for data protection, efficient security systems are being deployed across various enterprises and industrial verticals. The major features of security testing are protection and secure access to data. These features are suitable for both web-based and desktop-based applications. The factors contributing to the growth of security testing market are the increasing need for protection of customer data and web and mobile applications, increased adoption of cloud-based security solutions, and rising number of cyber attacks and need for improved security.
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The key players in the security testing market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM Corporation (US), Qualys, Inc. (US), WhiteHat Security (US), Applause App Quality, Inc. (US), Veracode (US), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group Plc. (UK). These players contribute a major proportion towards market growth. Apart from the top key players, there are other players that contribute nearly 30-35 % in the security testing market. These include Valency Networks Pvt Ltd (India), Capgemini SE (France), Wipro Limited (India), Cognizant Technology Solutions Corp (US), Infosys Limited (India), Tata Consultancy Services Limited (India), Hexaware Technologies Limited (India), Zensar Technologies Limited (India), CloudBees (US), Symetrics (Netherlands), Rohde & Schwarz UK Ltd (Germany), Beyond Security (US), TraceSecurity (US) and others.
Regional Analysis The global market for security testing is driven by increasing adoption rate of the Internet of Things, cloud solutions across different industries, and growing demand for software-based networking. The market is...
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