Security Testing Market Share, Size & Growth | TechSci Research

GLOBAL SECURITY TESTING
MARKET FORECAST & OPPORTUNITIES
2014 – 2024
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com

2
Scope of Report
Product of Interest (POI): Security Testing
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year Range
DEPLOYMENT MODE TYPE
• Network Security Testing
• Application Security Testing
• Device Security Testing
• On-premise
• Cloud
Security testing is a testing technique used for identifying security gaps present in the
system and to ensure whether IT infrastructure components like devices, applications and
networks are free from security vulnerabilities or not. Increasing trend of bring your own
device (BYOD) and internet of things (IoT) are driving the growth of the market through
2024. Moreover, government mandates and norms in application development is expected
to positively influence the growth of the market until 2024.
Market Segmentation
REGION
• Asia Pacific
• Europe
• Middle East and Africa
• South America
• North America
TOOLS
• Penetration Testing tools
• Web Testing tools
• Automated Testing tools
• Code Review tools
END USER
• BFSI
• IT & Telecom
• Government
• Retail
• Others

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Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Security TestingMarket Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.
By Type (Network Security Testing, Application Security Testing and Device
Security Testing)
5.2.2.
By Tools (Penetration Testing tools, Web Testing tools, Automated Testing tools
and Code Review tools)
5.2.3. By Deployment Mode (On-premise and Cloud)
5.2.4. By End User (Government, Retail, BFSI, IT & Telecom and Others)
5.2.5.
By Region (North America; Europe; Asia Pacific; South America and Middle East &
Africa)
5.2.6. By Company (2018)
5.3. Market Attractiveness Index
6. Asia-Pacific Security Testing Market Outlook

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Table of Contents
6.1.1. By Value
6.2.1. By Type
6.2.2. By Deployment mode
6.2.3. By End-user
6.2.4. By Country (China; Japan; India; South Korea; Australia; and Rest of Asia Pacific)
6.3. Asia-Pacific: Country Analysis
6.3.1. China Security Testing Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Deployment mode
6.3.1.2.2. By End-user
6.3.2. India Security Testing Market Outlook
6.3.2.1.1. By Value

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Table of Contents
6.3.3. Japan Security Testing Market Outlook
6.3.3.1.1. By Value
6.3.4. South Korea Security Testing Market Outlook
6.3.4.1.1. By Value
6.3.5. Australia Security Testing Market Outlook
6.3.5.1.1. By Value
7. Europe Security Testing Market Outlook
7.1.1. By Value

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Table of Contents
7.2.1. By Type
7.2.3. By End-user
7.2.4. By Country (UK; Italy; Spain; Germany; France; and Rest of Europe)
7.3. Europe: Country Analysis
7.3.1. France Security Testing Market Outlook
7.3.1.1.1. By Value
7.3.2. Germany Security Testing Market Outlook
7.3.2.1.1. By Value
7.3.3. United Kingdom Security Testing Market Outlook
7.3.3.1.1. By Value

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Table of Contents
7.3.4. Italy Security Testing Market Outlook
7.3.4.1.1. By Value
7.3.5. Spain Security Testing Market Outlook
7.3.5.1.1. By Value
8. North America Security Testing Market Outlook
8.1.1. By Value
8.2.1. By Type
8.2.3. By End-user
8.2.4. By Country (United States; Canada; Mexico; and Rest of North America)

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Table of Contents
8.3. North America: Country Analysis
8.3.1. United States Security Testing Market Outlook
8.3.1.1.1. By Value
8.3.2. Mexico Security Testing Market Outlook
8.3.2.1.1. By Value
8.3.3. Canada Security Testing Market Outlook
8.3.3.1.1. By Value
9. South America Security Testing Market Outlook
9.1.1. By Value

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Table of Contents
9.2.1. By Type
9.2.3. By End-user
9.2.4. By Country (Brazil; Argentina; Colombia; and Rest of South America)
9.3. South America: Country Analysis
9.3.1. Brazil Security Testing Market Outlook
9.3.1.1.1 By Value
9.3.2. Argentina Security Testing Market Outlook
9.3.2.1.1 By Value
9.3.3. Colombia Security Testing Market Outlook
9.3.3.1.1. By Value

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Table of Contents
10. Middle East & Africa Security Testing Market Outlook
10.1.1. By Value
10.2.1. By Type
10.2.3. By End-user
10.2.4. By Country (South Africa; Saudi Arabia; UAE; Qatar; and Rest of Middle East
& Africa)
10.3. Middle East & Africa: Country Analysis
10.3.1. South Africa Security Testing Market Outlook
10.3.1.1.1. By Value
10.3.1.2.2. By End-user
10.3.2. Saudi Arabia Security Testing Market Outlook
10.3.2.1.1. By Value

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Table of Contents
10.3.2.2.2. By End-user
10.3.3. UAE Security Testing Market Outlook
10.3.3.1.1. By Value
10.3.3.2.2. By End-user
10.3.4. Qatar Security Testing Market Outlook
10.3.4.1.1 By Value
10.3.4.2.2. By End-user
11. Market Dynamics
11.1. Drivers
11.1.1. surging adoption of cloud-based security solutions
11.1.2. growing need for the protection of valuable assets such as mobile applications
11.2. Challenges
12. Market Trends and Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Top 10 Global Player)

12
Table of Contents
14. Strategic Recommendations

14
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global Security Testing
market, overall market size
and segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global Security Testing
market
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

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Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global Security Testing market. The team has
market, while considering the major influencing factors such as application of security testing in various end user industries, such as
to have a positive growth during the next 5 years. The study includes market forecasting, which would enable our clients to take better
sustainability in global Security Testing market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as Security Testing service
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 Security Testing supplier companies, 45 – 50 channel partners, 80 – 100 end users, and 15 –
stakeholders in global Security Testing market to obtain the overall market size from 2014-2018, which was validated by the Delphi
consideration, the market size was averaged out, to arrive at the market size data from 2014-2018.

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• Respondents were asked about the current and future market growth rates, market shares by type, by each region. Removing the outlier responses, the geometric mean of growth
estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various
segments were further triangulated from other stakeholders depending upon the applications of Security Testing.
Methodology Followed for Calculation of Market Shares:
Market shares by tools, by type, by deployment mode, by end user, by region and by company were calculated based on the responses received through primary surveys with industry
experts, in which the respondents were asked about the market shares or revenue generated from various end use verticals of Security Testing. The final shares were calculated by
taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global Security Testing market, techsci research used
various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data.
Partial List of Companies Interviewed Key Secondary Sources
 Cisco Systems, Inc.
 Hewlett Packard Enterprise Company
 IBM Corporation
 Accenture PLC
 Checkmarx Ltd.
 Veracode, Inc.
 Applause App Quality, Inc.
 WhiteHat Security
 Intertek Group Plc.
 Qualys, Inc.
 World Bank
 TechSci Research Proprietary Database & Knowledge
Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 News Dailies
 Credible Paid Databases
 XXXX
 XXX
 XX
 X

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Country 2014 2015 2016 2017 2018
United States (USD) 1 1 1 1 1
Canada (Canadian Dollar) 1.10 1.28 1.33 1.30 1.30
Mexico (Mexican Peso) 13.31 15.79 18.68 18.91 19.23
Germany (Euro) 0.72 0.82 0.91 0.95 0.83
United Kingdom (Pound) 0.61 0.65 0.74 0.78 0.75
Italy (Euro) 0.72 0.82 0.91 0.95 0.83
Spain (Euro) 0.72 0.82 0.91 0.95 0.83
France (Euro) 0.72 0.82 0.91 0.95 0.83
India (INR) 61.01 64.12 67.18 65.11 68.41
China (Yuan) 6.16 6.28 6.64 6.76 6.62
Japan (Yen) 105.86 121.06 108.80 112.15 110.43
South Korea (Won) 1,053.58 1,132.33 1,161.22 1,130.44 1,100.50
Singapore (Singapore Dollar) 1.27 1.37 1.38 1.38 1.35
Australia (Australian Dollar) 1.11 1.33 1.35 1.30 1.34
Malaysia (Malaysian Ringgit) 3.28 3.49 4.29 4.48 4.06
Brazil (Real) 2.35 3.34 3.49 3.19 3.65
Argentina (Peso) 8.11 9.25 14.76 16.56 28.14
Colombia (Colombian Peso) 2,000.65 2,740.97 3,053.16 2,948.89 2,956.12
South Africa (Rand) 10.84 12.77 14.71 13.30 13.26
Saudi Arabia (Riyal) 3.75 3.75 3.75 3.75 3.75
UAE (Dirham) 3.67 3.67 3.67 3.67 3.67
Iran (Iranian Rial) 24,653.00 27,138.00 29,830.00 30,052.00 35,186.00
Currency Exchange Rates
• The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
• The company revenues were taken from their annual reports.
• Average annual currency conversion rate was used for companies that reported their revenue in other currencies.
Source:USForex,TheBureauoftheFiscalServiceandUSDepartmentofTreasury

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INDUSTRY BRIEF
According to TechSci Research report, “Global Security Testing Market By Type, By Tools, By Deployment Mode, By End User, By Region, Competition,
Forecast & Opportunities, 2024”, global security testing market is projected to grow at a CAGR of over 16% during the forecast period, owing to increasing
number of connected devices due to rising adoption of IoT and BYOD trend that are susceptible to advanced persistent threats. Moreover, need for improved
security due to growing deployment of third-party applications is expected to positively influence global security testing market in coming years.
Security testing market, globally, can be segmented based on type, tools, deployment mode, end-user and region. Based on type, the market can be classified
into application security testing, device security testing and network security testing. Network security testing is expected to grow at the highest rate during the
forecast period, as these solutions are deployed by organizations to secure web and mobile applications. In terms of tools, penetration testing tools segment is
anticipated to exhibit the fastest growth rate, on account of increasing number of attacks on crucial software and hardware applications of organizations. Based
on deployment mode, the market can be bifurcated into on-premise and cloud. The traction of cloud-based deployment is increasing, as more and more SMEs
are implementing cloud-based security testing solution, backed by their cost effectiveness and time efficiency.
Cisco Systems, Inc., Hewlett Packard Enterprise Company, IBM Corporation, Accenture PLC, Checkmarx Ltd., SecureWorks, Veracode, Inc., Applause App
Quality, Inc., WhiteHat Security, Intertek Group Plc., Qualys, Inc., etc. are among the leading players operating in global security testing market. Companies
operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
“With presence of leading players and stringent mandates and regulations in countries such as Canada and the US, North America dominated global security
testing market in 2018 and is expected to continue its market dominance during the forecast period. However, Asia-Pacific security testing market is expected to
register strong growth, owing to increasing adoption of technologies and huge opportunities across industry verticals in the countries.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.

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SAMPLE DATA - SNAPSHOT
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2014 2018 2019E 2024FCAGR BY VALUE
XX%
CAGR BY VALUE
YY%
Global Security Testing Market Size, By Value, 2014–2024F (USD Million)
Germany Security Testing Market Share, By Deployment mode, By Value, 2014–2024F
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
On-Premise
Cloud based
Europe Security Testing Market Share, By Type, By Value, 2014–2024F
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Network Security
Testing
Application
Security Testing
Device Security
Testing

21
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Report Name: GLOBAL SECURITY TESTING
MARKET FORECAST & OPPORTUNITIES
2014 – 2024

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uniquely rich evaluation of the opportunities available in the market.
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