The global security testing market size is projected to grow from USD 14.5 billion in 2024 to USD 43.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period. The sophistication and frequency of cyberattacks are rising, forcing enterprises to proactively detect and address vulnerabilities, which is driving the expansion of security testing. In addition, frequent security testing must ensure compliance and protect sensitive data due to strict regulatory requirements such as GDPR, HIPAA, and PCI DSS further fuels the market growth.
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Based on the application testing tools, SAST accounts for the highest market size during the forecast period.
The adoption of Static Application Security Testing (SAST) tools is increasing as organizations prioritize secure software development. SAST tools enable developers to identify and fix security vulnerabilities early in the coding process, reducing the risk of security flaws in production. This shift is driven by the growing emphasis on integrating security into the software development lifecycle (SDLC) and the need to comply with stringent security standards. As a result, more companies are adopting SAST tools to enhance code security, improve development efficiency, and ensure that applications are robust against cyber threats from the outset.
By Application security testing type, web application security testing accounts for the highest market size during the forecast period.
The adoption of web application security testing is growing as organizations increasingly rely on web-based platforms for business operations and customer interactions. With the rise in cyber threats targeting web applications, such as SQL injection and cross-site scripting (XSS), companies are prioritizing security testing to identify and mitigate vulnerabilities before they can be exploited. This proactive approach is driven by the need to protect sensitive data, ensure compliance with regulations, and maintain customer trust in an environment where web applications are a critical part of the business landscape.
By Region, Asia Pacific will grow at the highest CAGR during the forecast period.
The adoption of security testing services in the Asia Pacific region is rapidly increasing due to the region’s expanding digital economy and the rising threat of cyberattacks. As busin
esses in Asia-Pacific embrace digital transformation and cloud computing, the need to identify and address vulnerabilities in their systems has become crucial. Regulatory pressures and growing awareness of cybersecurity risks are also driving organizations to invest in security testing solutions to ensure the resilience of their IT infrastructure and protect sensitive data from breaches. This trend is further fueled by the region’s diverse and complex threat landscape, prompting a proactive approach to cybersecurity.
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Unique Features in the Security Testing Market
One unique feature driving the security testing market is the increasing sophistication and frequency of cyberattacks. As cybercriminals adopt advanced tactics, enterprises are compelled to implement security testing solutions that proactively identify and address vulnerabilities before they can be exploited.
Regulatory Compliance as a Growth Driver Another distinctive aspect of the security testing market is the strong influence of regulatory compliance requirements. Organizations must adhere to stringent standards such as GDPR, HIPAA, and PCI DSS to protect sensitive data and maintain customer trust.
Adoption of Automation and AI in Testing The growing adoption of automation, artificial intelligence (AI), and machine learning (ML) technologies is a unique trend in the security testing market. These technologies enable faster, more efficient, and accurate identification of vulnerabilities across complex IT environments.
Cloud-Based Security Testing Solutions Another unique feature is the shift toward cloud-based security testing solutions. As organizations increasingly migrate to cloud environments, the demand for security testing tools designed specifically for cloud infrastructures is on the rise.
Increased Focus on Application Security Lastly, the focus on application security is a notable feature in the market. With the rapid growth of web and mobile applications, ensuring the security of these applications has become a critical priority for businesses.
Major Highlights of the Security Testing Market
Rising Need for Proactive Vulnerability Detection Another key highlight is the growing need for proactive vulnerability detection. As cyberattacks become more frequent and complex, businesses are prioritizing the identification and mitigation of security flaws before they can be exploited.
Regulatory Compliance Driving Market Expansion A major driving force in the market is regulatory compliance. Stringent standards such as GDPR, HIPAA, and PCI DSS require organizations to implement regular security testing to ensure the protection of sensitive data and avoid penalties.
Increasing Adoption of AI and Automation The increasing integration of artificial intelligence (AI) and automation in security testing is another notable highlight. These technologies enhance the efficiency and accuracy of testing processes by enabling automated vulnerability detection, continuous monitoring, and predictive analysis.
Growth in Cloud-Based Security Solutions The market is also witnessing a significant shift toward cloud-based security testing solutions. With more organizations migrating to cloud infrastructures, the demand for security tools specifically designed for cloud environments has surged.
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Top Companies in the Security Testing Market
The security testing market is led by some of the globally established players, such as IBM (US), HCLTech (India), Synopsys (US), OpenText (UK), Cigniti (US), Qualitest (UK), Intertek (UK), DXC Technology (US), eInfochips (US), Checkmarx (US), HackerOne (US), Invicti (US), DataArt (US), Cobalt Labs (US), Trustwave (US), Contrast Security (US), Veracode (US), Qualys (US), OffSec (US), NCC Group (UK), GitHub (US), Bugcrowd (US), Applause (US), Rapid7 (US), and Parasoft (US). Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players use to increase their market presence.
IBM (US) is a computer, technology, and IT consulting corporation. The company operates through various segments, such as cognitive solutions, global business services, technology services and cloud platforms, systems, and global financing. IBM’s clients comprise individual users, specialized businesses, and institutions, such as government, IT, defense, and educational organizations. In the category of security testing services, IBM offers X-Force Red Penetration Testing Services, X-Force Red Social Engineering Services, and X-Force Red Offensive Security Services. With the geographic presence across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, the company caters to various industries, such as IT, healthcare, life sciences, government, telecom, automobile, manufacturing, chemicals and petroleum, electronics, energy and power, media and entertainment, mining, retail, BFSI, travel and transportation, education, and others.
Synopsys (Canada) provides advanced technologies for chip design, verification, IP integration, and software security and quality testing. The company’s security IP solutions segment includes a range of cryptography cores, security protocol accelerators and processors, embedded security IP modules, secure boot and cryptography middleware as well as content protection IP for integration into system-on-chips. These IP solutions also provide the highest levels of security for a range of products in the mobile, automotive, digital home, lot, and cloud computing markets. These integrated solutions enable the most efficient silicon design and the highest level of security to help prevent a wide range of evolving threats in connected devices. For security testing, Synopsys provides software tools such as Polaris, an AppSec which is used from development to deployment; Coverity which find security and quality defects in code; Seeker which automates web application security testing in DevOps; as well as Static Application Security Testing (SAST); Interactive Application Security Testing (IAST); and Defensics Fuzz Testing. It also provides services such as penetration testing services, MAST and others. With more than 30 years of experience, Synopsys has more than 14,000 employees and is present across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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