DUBLIN, October 26, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Security Testing Market - Global Forecast to 2021" report to their offering.
The security testing market size is expected 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% during the forecast period. The major growth drivers of the market include the need to protect valuable assets such as web & mobile applications and customer data and meet government mandates and regulatory compliances.
Web penetration testing tools hold the largest share of the security testing market in 2016. The growth is fueled by the growing attacks on critical software and hardware applications of organizations. The BFSI vertical is expected to grow at the highest CAGR during the forecast period due to the increasing adoption of web and mobile-based business applications, which are susceptible to advanced cyber threats.
Organizations are rapidly deploying security testing solutions either on-premises or on cloud. The demand for cloud-based security testing solutions is increasing due to the cost-effective and time-efficient features of cloud; its growth is specifically high in enterprises, where low cost solutions are much required.
The North American region, followed by Europe, is expected to become the largest revenue generating region for security testing vendors in 2016. This is mainly because in the developed economies of the U.S. and Canada, there is high focus on innovations obtained from research and development and technology. The APAC region is expected to be the fastest growing region in the security testing market. The growth in this region is primarily driven by the growing adoption of web- and mobile-based business applications.
- Applause, Inc.
- Checkmarx Ltd.
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Company
- International Business Machine Corporation
- Intertek Group PLC
- Qualys, Inc.
- UL LLC
- Veracode, Inc.
- Whitehat Security, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Security Testing Market Analysis, By Type
8 Security Testing Market Analysis, By Tool
9 Security Testing Market Analysis, By Deployment Mode
10 Security Testing Market Analysis, By Organization Size
11 Security Testing Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
15 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/pj3fsh/security_testing
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SOURCE Research and Markets