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Security Testing Industry: Critical Insight into the Factors Driving and Restraining the Market

The increasing number of cyber security attacks and hacks into sensitive networks from applications is exposing the vulnerabilities and threats caused by applications which are not evident during their development and deployment. These hacks can cause severe disruptions to the business or compromise sensitive customer or internal information. This has caused governments across the world to introduce stringent regulations to ensure companies follow guidelines and ensure security of sensitive data.

Avail sample copy of the study at: Global Security Testing Market 2017-2022

Security Testing will ensure that the systems and applications on a network if it is secure or not. The evolution of Dynamic application security testing beyond the security testing of back-end web applications has opened up new avenues for the security testing market. They now have the capabilities to test next generation applications. The ability of some of the testing providers to enable interaction between their static and dynamic security testing techniques provides more detailed information which is quite useful in QA testing in order to provide more meaningful results to developers.

The emergence of HTML5 which requires higher levels of maturity and adoption is driving innovation in DAST. The emergence of cloud computing along with the ability to offer Testing as a Service (TaaS) with flexibility to test sensitive applications on premises and outsourcing others has enabled firms across various sectors like BFSI, Government and Public Sector, Healthcare and Retail to include testing in their operations.

The Global Security Testing Market is valued at USD 3.43 billion in 2016 and is expected to reach a value of USD 10.54 billion by the end of 2022, growing at a projected CAGR of 17.40% during the forecast period of 2017 – 2022.

Detailed market shares are given and forecasts for the next five years are estimated. The major companies in the market like Accenture, Cisco, HP and IBM among others are studied and their strategies are analyzed. Recent developments and their impact on the market are analyzed.

The types of security testing such as network security, system software security, client-side application security, and server-side application security have been explained in detail in the report. The security testing market is also explained on the basis of type of testing tools such as application testing tool, code review tool, penetration tool, vulnerability assessment, and others.

DRIVERS

The potential drivers of the security testing market are supportive government regulations and the increasing need for safety from security threats.

RESTRAINTS

The security testing market growth would require building up ample amount of awareness among its potential buyers, and so, this initiative might require extra efforts.

WHAT THE REPORT OFFERS

  • Global Security Testing Market Overview with information on drivers and restraints
  • Security Testing Market Analysis and its applications in the industry
  • Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
  • Extensively researched competitive landscape with profiles of major companies along with their market shares
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

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