Security Testing Market Analysis, Demand, Trends, Business Challenges and Future Opportunities 2034
Security Testing Market Growth, Size, Trends Analysis - By Type, By Enterprise Size, By Deployment Model, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: IACT2559 | Pages: 1 - 272 | Formats*: |
| Category : Information & Communications Technology | |||
Security Testing Market Introduction and Overview
According to SPER Market Research, the Global Security Testing Market is estimated to reach USD 70.9 billion by 2034 with a CAGR of 20.76%.
The report includes an in-depth analysis of the Global Security Testing Market, including market size and trends, product mix, Applications, and supplier analysis.
The Security Testing market was valued at USD 10.75 billion in 2024 and is expected to grow at a CAGR of 20.76% between 2025 and 2034. The increasing frequency and scale of data breaches has boosted demand for security testing services. Organisations are expanding their investment in thorough security testing to uncover vulnerabilities, protect sensitive data, and ensure regulatory compliance.
By Deployment Model Insights: In 2024, the cloud segment captured a significant market share due to the growing adoption of cloud technologies by businesses. This trend highlights the urgent need for securing data and applications in cloud environments. Companies are expected to increasingly use cloud security testing services to maintain data privacy, integrity, and comply with regulations. Robust security testing solutions are necessary to find vulnerabilities and combat evolving cyber threats. For example, in June 2023, Honeywell introduced the Honeywell Digital Prime solution, a cloud-based tool for efficient and secure testing, enabling more frequent and accurate results.
By Industry Vertical Insights: The BFSI segment held the largest share of the security testing market in 2024. This industry handles a lot of sensitive data and transactions, making it a target for cyber threats. To protect customer information and maintain trust, BFSI companies are investing more in security testing services. Strict data protection laws also support this segment's growth as institutions strive to comply.
Regional Insights: North America’s security testing market had a significant revenue share in 2024. It hosts many tech companies and financial institutions, which attract cyber threats. Regulations like GDPR and CCPA encourage investments in security testing. The rise of cloud technologies and IoT devices boosts the need for strong security solutions, highlighting North America's importance in this field.
Market Competitive Landscape
Synopsys, Veracode, and Checkmarx Ltd. are the leading businesses in the security testing sector due to their advanced and comprehensive solutions. Synopsys provides a variety of security testing tools, including static and dynamic analysis. Veracode offers cloud-based application security testing that focusses on scalability. Checkmarx focusses on static application security testing. Their established brands, experience, and large customer bases position them as dominating market players, as they prioritise robust security measures in the face of increasing cyber threats and compliance obligations.
Recent Developments:
- In July 2023, Hewlett Packard Enterprise (HPE) announced that Fastweb S. p. A, a top telecom operator in Italy, has chosen the HPE Green Lake edge-to-cloud platform. This choice aims to modernize Fastweb's Business Unit, speeding up service deployment and improving agility while enhancing governance, security, and operations.
- In July 2023, New Relic released a public preview of Interactive Application Security Testing (IAST), which improves traditional security testing by providing extensive visibility, contextual information, and advanced accuracy with fewer false positives.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By Enterprise Size, By Deployment Model, By Industry Vertical. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Cisco, Checkmarx Ltd, Intertek Group PLC, OpenText, Qualys, Inc, Rapid7, SecureWorks, Synopsys, Veracode. |
Key Topics Covered in the Report
- Global Security Testing Market Size (FY’2021-FY’2034)
- Overview of Global Security Testing Market
- Segmentation of Global Security Testing Market By Type (Network Security, Application Security, Device Security)
- Segmentation of Global Security Testing Market By Enterprise Size (SME, Large Enterprises)
- Segmentation of Global Security Testing Market Deployment Model (On-premises, Cloud)
- Segmentation of Global Security Testing Market By Industry Vertical (BFSI, Healthcare, Education, IT & Telecom, Retail & E-commerce, Others)
- Statistical Snap of Global Security Testing Market
- Expansion Analysis of Global Security Testing Market
- Problems and Obstacles in Global Security Testing Market
- Competitive Landscape in the Global Security Testing Market
- Details on Current Investment in Global Security Testing Market
- Competitive Analysis of Global Security Testing Market
- Prominent Players in the Global Security Testing Market
- SWOT Analysis of Global Security Testing Market
- Global Security Testing Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Security Testing Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Security Testing Market
7. Global Security Testing Market, By Type (USD Million) 2021-2034
7.1. Network Security7.2. Application Security7.3. Device Security7.4. Others
8. Global Security Testing Market, By Enterprise Size (USD Million) 2021-2034
8.1. SME8.2. Large Enterprises
9. Global Security Testing Market, By Deployment Model (USD Million) 2021-2034
9.1. On-premises9.2. Cloud
10. Global Security Testing Market, By Industry Vertical (USD Million) 2021-2034
10.1. BFSI10.2. Healthcare10.3. Education10.4. IT & Telecom10.5. Retail & E-commerce10.6. Others
11. Global Security Testing Market, (USD Million) 2021-2034
11.1. Global Security Testing Market Size and Market Share
12. Global Security Testing Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. Cisco
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Checkmarx Ltd
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Intertek Group PLC
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. OpenText
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Qualys, Inc
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Rapid7
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. SecureWorks
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Synopsys
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Veracode
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Security Testing Market is projected to reach USD 70.9 billion by 2034, growing at a CAGR of 20.76% during the forecast period.
Security Testing Market grew in Market size from 2025. The Market is expected to reach USD 70.9 billion by 2034, at a CAGR of 20.76% during the forecast period.
Security Testing Market CAGR of 20.76% during the forecast period.
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Security Testing Market size is USD 70.9 billion from 2025 to 2034.
Security Testing Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Security Testing Market.
The key players in the Market include Companies Covered Cisco, Checkmarx Ltd, Intertek Group PLC, OpenText, Qualys, Inc, Rapid7, SecureWorks, Synopsys, Veracode.
The increasing frequency and scale of data breaches has boosted demand for security testing services. Organisations are expanding their investment in thorough security testing to uncover vulnerabilities, protect sensitive data, and ensure regulatory compliance.
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