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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Date: 04-Oct-2016
No. of pages: 147
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“Need for protection of valuable assets such as web & mobile applications and customer data is driving the growth of the security testing market”

MarketsandMarkets estimates the global security testing market 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%. The security testing market is growing rapidly as the organizations are more focused on protection of valuable assets such as web & mobile applications and customer data. However, factors such as higher innovation and deployment cost affecting budgets are the major restraints in the overall growth of the market.

“Application security testing to have the largest market size in 2016”

Application security testing is estimated to have the largest market size in 2016 as the increased deployment of web and mobile applications and the protection of these applications is the prime objective of the organizations. The growth in the application security testing is associated with the rise in security breaches targeting enterprise applications, whereby hackers try to gain access to sensitive data. Furthermore, the same segment will grow at the highest CAGR during the forecast period, due to the rising need for improved security because of increased deployment of third-party applications.

“BFSI vertical to have the highest growth rate during the forecast period”

Security testing solutions have been deployed across various industry verticals, including government & public utilities, Banking, Financial Services, and Insurance (BFSI), IT & telecom, healthcare, retail, and others. The BFSI vertical is expected to witness the highest CAGR during the forecast period because of the increasing adoption of web and mobile applications, which are prone to advanced cyber-attacks.

“Asia-Pacific (APAC) is expected to have the highest growth rate during the forecast period”

APAC includes emerging economies, such as India and China, which are rapidly deploying security testing solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the security testing marketplace.


  • By Company Type: Tier 1: 27%, Tier 2: 48%, Tier 3: 25%

  • By Designation: C-Level: 16%, Director Level: 72%, Others: 12%

  • By Region: North America:57%, Europe: 16%, Asia-Pacific: 15%, Rest of the World (ROW): 12%


The report includes the study of key players offering security testing services; Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Qualys, Inc. (U.S.), White Hat Security (U.S.), Applause App Quality, Inc. (U.S.), Veracode (U.S.), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group plc. (U.K.)are some of the companies profiled in the report. The report includes in-depth competitive analysis of these key players in the security testing market, with their company profiles, SWOT analysis, recent developments, and key market strategies.

The global security testing market has been segmented on the basis of testing type, tool, deployment mode, organization size, vertical, and region. The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the security testing market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.

  • The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Market Deployment Mode
4.3 Market By Region and Vertical
4.4 Security Testing Market Potential
4.5 Lifecycle Analysis, By Region, 2016

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 By Testing Type
5.3.2 By Testing Tool
5.3.3 By Deployment Mode
5.3.4 By Organization Size
5.3.5 By Vertical
5.3.6 By Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Protection of Valuable Assets Such as Web & Mobile Applications and Customer Data
5.4.1.2 Government Mandates and Regulatory Compliances
5.4.1.3 Increased Adoption of Cloud-Based Security Solutions
5.4.1.4 Rising Apts and Sophistication Level of Attacks
5.4.1.5 Need for Improved Security Due to Increased Deployment of Third-Party Applications
5.4.2 Restraints
5.4.2.1 Higher Innovation and Deployment Cost Affecting Budgets
5.4.3 Opportunities
5.4.3.1 Increasing Connected Devices Due to Iot and Byod Trends
5.4.3.2 Rapidly Digitizing in Emerging Economies
5.4.4 Challenges
5.4.4.1 Lack of Awareness About Cyber Security
5.4.4.2 Increased Adoption of Freeware Security Applications

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Implications
6.3.1 Payment Card Industry Data Security Standard (Pci–Dss)
6.3.2 Health Insurance Portability and Accountability Act (HIPAA)
6.3.3 Federal Information Security Management Act (FISMA)
6.3.4 Gramm-Leach-Bliley Act (GLB Act)
6.3.5 Sarbanes-Oxley Act (SOX)

7 Security Testing Market Analysis, By Type
7.1 Introduction
7.2 Network Security Testing
7.2.1 Firewall Testing
7.2.2 Virtual Private Network Testing
7.2.3 Intrusion Detection System (IDS)/Intrusion Prevention (IPS) System Testing
7.2.4 Uniform Resource Locator Filtering
7.3 Application Security Testing
7.3.1 Application Security Testing, By Type
7.3.1.1 Static Application Security Testing
7.3.1.2 Dynamic Application Security Testing
7.3.2 Application Security Testing, By Service
7.3.2.1 Web Application Security Testing
7.3.2.2 Mobile Application Security Testing
7.3.2.3 Cloud Application Security Testing
7.4 Device Security Testing

8 Security Testing Market Analysis, By Tool
8.1 Introduction
8.2 Penetration Testing Tools
8.3 Web Testing Tools
8.4 Automated Testing Tools
8.5 Code Review Tools

9 Security Testing Market Analysis, By Deployment Mode
9.1 Introduction
9.2 Cloud
9.3 On-Premises

10 Security Testing Market Analysis, By Organization Size
10.1 Introduction
10.2 Small and Medium Enterprises
10.3 Large Enterprises

11 Security Testing Market Analysis, By Vertical
11.1 Introduction
11.2 Government and Public Utilities
11.3 Banking, Financial Services, and Insurance
11.4 IT and Telecom
11.5 Healthcare
11.6 Retail
11.7 Others

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East and Africa
12.6 Latin America

13 Competitive Landscape
13.1 Overview
13.2 Competitive Situations and Trends
13.2.1 Partnerships, Agreements, and Collaborations
13.2.2 New Product Launches
13.2.3 Mergers and Acquisitions
13.2.4 Business Expansions

14 Company Profiles
14.1 Introduction
14.2 Cisco Systems, Inc.
14.2.1 Business Overview
14.2.2 Services Offered
14.2.3 MnM View
14.2.3.1 Key Strategies
14.2.3.2 SWOT Analysis
14.3 Hewlett Packard Enterprise Company
14.3.1 Business Overview
14.3.2 Products and Services Offered
14.3.3 Recent Developments
14.3.4 MnM View
14.3.4.1 Key Strategies
14.3.4.2 SWOT Analysis
14.4 International Business Machine Corporation
14.4.1 Business Overview
14.4.2 Products and Services Offered
14.4.3 Recent Developments
14.4.4 MnM View
14.4.4.1 Key Strategies
14.4.4.2 SWOT Analysis
14.5 Qualys, Inc.
14.5.1 Business Overview
14.5.2 Products and Services Offered
14.5.3 Recent Developments
14.5.4 MnM View
14.5.4.1 Key Strategies
14.5.4.2 SWOT Analysis
14.6 Intertek Group PLC
14.6.1 Business Overview
14.6.2 Products and Services Offered
14.6.3 MnM View
14.6.3.1 Key Strategies
14.6.3.2 SWOT Analysis
14.6.4 MnM View
14.6.4.1 Key Strategies
14.6.4.2 SWOT Analysis
14.7 Whitehat Security, Inc.
14.7.1 Business Overview
14.7.2 Products and Services Offered
14.7.3 Recent Developments
14.7.4 MnM View
14.7.4.1 Key Strategies
14.8 Veracode, Inc.
14.8.1 Business Overview
14.8.2 Products and Services Offered
14.8.3 Recent Developments
14.8.4 MnM View
14.8.4.1 Key Strategies
14.9 Checkmarx Ltd.
14.9.1 Business Overview
14.9.2 Products and Services Offered
14.9.3 Recent Developments
14.9.4 MnM View
14.9.4.1 Key Strategies
14.10 UL LLC
14.10.1 Business Overview
14.10.2 Services Offered
14.10.3 Recent Developments
14.10.4 MnM View
14.10.4.1 Key Strategies
14.11 Applause, Inc.
14.11.1 Business Overview
14.11.2 Services Offered
14.11.3 Recent Developments
14.11.4 MnM View
14.11.4.1 Key Strategies

15 Key Innovators
15.1 High-Tech Bridge Sa
15.2 Pradeo Security Systems
15.3 Nettitude Inc.

16 Appendix
16.1 Discussion Guide

List of Tables

Table 1 Security Testing Market Size and Growth Rate, 2014–2021 (USD Million, Y-O-Y %)
Table 2 Market Size, By Type, 2014–2021 (USD Million)
Table 3 Market Size, By Network Security Testing, 2014–2021 (USD Million)
Table 4 Network Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Firewall Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Virtual Private Network Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 7 IDS/IPS Testing: Security Testing Market Size, By Region, 2014–2021 (USD Million)
Table 8 Uniform Resource Locator Filtering: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Application Security Testing: Market Size, 2014–2021 (USD Million)
Table 10 Static Application Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Dynamic Application Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Web Application Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Mobile Application Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Cloud Application Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Device Security Testing: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Security Testing Market Size, By Tool, 2014–2021 (USD Million)
Table 17 Penetration Testing Tools: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Web Testing Tools: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Automated Testing Tools: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Code Review Tools: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Security Testing Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 22 Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 23 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Security Testing Market Size, By Organization Size, 2014–2021 (USD Million)
Table 25 Small and Medium Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 26 Large Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 27 Security Testing Market Size, By Vertical, 2014–2021 (USD Million)
Table 28 Government and Public Utilities: Market Size, By Region, 2014–2021 (USD Million)
Table 29 Banking, Financial Services, and Insurance: Market Size, By Region, 2014–2021 (USD Million)
Table 30 IT and Telecom: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Healthcare: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Retail: Market Size, By Region, 2014–2021 (USD Million)
Table 33 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 34 Security Testing Market Size, By Region, 2014–2021 (USD Million)
Table 35 North America: Market Size, By Type, 2014–2021 (USD Million)
Table 36 North America: Network Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 37 North America: Application Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 38 North America: Application Security Testing Market Size, By Service, 2014–2021 (USD Million)
Table 39 North America: Market Size, By Tool, 2014–2021 (USD Million)
Table 40 North America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 41 North America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 42 North America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 43 Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 44 Europe: Network Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 45 Europe: Application Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 46 Europe: Application Security Testing Market Size, By Service, 2014–2021 (USD Million)
Table 47 Europe: Market Size, By Tool, 2014–2021 (USD Million)
Table 48 Europe: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 49 Europe: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By Vertical, 2014–2021 (USD Million)
Table 51 Asia-Pacific: Market Size, By Type, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Network Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Application Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 54 Asia-Pacific:Application Security Testing Market Size, By Service, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By Tool, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Vertical, 2014–2021 (USD Million)
Table 59 Middle East and Africa: Market Size, By Type, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Network Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 61 Middle East and Africa: Application Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 62 Middle East and Africa: Application Security Testing Market Size, By Service, 2014–2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Tool, 2014–2021 (USD Million)
Table 64 Middle East and Africa: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 65 Middle East and Africa: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Vertical, 2014–2021 (USD Million)
Table 67 Latin America: Market Size, By Type, 2014–2021 (USD Million)
Table 68 Latin America: Network Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 69 Latin America: Application Security Testing Market Size, By Type, 2014–2021 (USD Million)
Table 70 Latin America: Application Security Testing Market Size, By Service, 2014–2021 (USD Million)
Table 71 Latin America: Market Size, By Tool, 2014–2021 (USD Million)
Table 72 Latin America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 73 Latin America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 74 Latin America: Market Size, By Vertical, 2014–2021 (USD Million)
Table 75 Partnerships, Agreements, and Collaborations, 2014–2016
Table 76 New Product Launches, 2015-2016
Table 77 Mergers and Acquisitions, 2014–2015
Table 78 Business Expansions, 2015-2016

List of Figures

Figure 1 Security Testing Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 North America Holds the Largest Market Share in 2016
Figure 6 Security Testing Market Will Witness Remarkable Growth Opportunities Due to Continuous Emergence of New Types of Cyber-Attacks
Figure 7 Cloud-Based Security Testing is Expected to Contribute the Highest During the Forecast Period
Figure 8 North America is Expected to Hold the Largest Market Share in the Security Testing Market
Figure 9 Asia-Pacific is Expected to Be the Fastest Growing Region During the Forecast Period
Figure 10 Regional Lifecycle: Asia-Pacific is Expected to Have the Highest Growth Potential
Figure 11 Evolution of the Security Testing Market
Figure 12 Market Segmentation By Testing Type
Figure 13 Market Segmentation By Testing Tool
Figure 14 Market Segmentation By Deployment Mode
Figure 15 Market Segmentation:By Organization Size
Figure 16 Market Segmentation By Vertical
Figure 17 Market Segmentation By Region
Figure 18 Market Drivers, Restraints, Opportunities, and Challenges
Figure 19 Market Value Chain
Figure 20 Application Security Testing to Grow at the Highest Rate During the Forecast Period
Figure 21 Web Testing Tools Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Cloud-Based Deployment Mode is Expected to Grow at A High CAGR During the Forecast Period
Figure 23 Small and Medium Enterprises Segment is Expected to Grow at A High CAGR During the Forecast Period
Figure 24 Banking, Financial Services, and Insurance Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America to Hold the Largest Market Share in the Global Security Testing Market During the Forecast Period
Figure 26 Regional Snapshot: Asia-Pacific is the Emerging Region in the Security Testing Market
Figure 27 North America: Market Snapshot
Figure 28 Asia-Pacific: Market Snapshot
Figure 29 Companies Adopted the Strategy of Partnerships, Agreements, and Collaborations as the Key Growth Strategy From 2013 to 2016
Figure 30 Market Evaluation Framework
Figure 31 Battle for Market Share: the Strategy of Partnerships, Agreements, and Collaborations Was the Key Strategy Adopted By Key Players in the Personal Identity Management Market During 2013–2016
Figure 32 Geographic Revenue Mix of Top Five Market Players
Figure 33 Cisco Systems, Inc.: Company Snapshot
Figure 34 Cisco Systems, Inc.: SWOT Analysis
Figure 35 Hewlett Packard Enterprise Company: Company Snapshot
Figure 36 Hewlett Packard Enterprise Company: SWOT Analysis
Figure 37 International Business Machine Corporation: Company Snapshot
Figure 38 IBM Corporation: SWOT Analysis
Figure 39 Qualys, Inc.: Company Snapshot
Figure 40 Qualys, Inc.: SWOT Analysis
Figure 41 Intertek Group PLC: Company Snapshot
Figure 42 Intertek Group PLC: SWOT Analysis
Figure 43 CA Technologies: SWOT Analysis

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