Security testing is critical to ensure the safety and security of online data, applications, and infrastructure from cyber threats and vulnerabilities. Security testing helps organizations detect security issues, ensure regulatory compliance, and validate the effectiveness of security controls. With increasing reliance on digital technologies and burgeoning cyber attacks, there is growing need for continuous security assessment to safeguard vital assets and systems.

 The global Security Testing Market is estimated to be valued at US$ 4.18 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Continuous security assessment is gaining traction as one of the key trends in the security testing market. Continuous security assessment involves automated security testing that is carried out on regular basis to detect vulnerabilities and ensure protection from the latest threats. With growing sophistication of cyber attacks, continuous security assessment allows organizations to effectively monitor applications and infrastructure on an ongoing basis. This helps in rapidly addressing vulnerabilities before exploitation by cyber criminals. Continuous security assessment leverages technologies like automated testing tools, Artificial Intelligence and cloud platforms to facilitate seamless execution of security tests with minimum manual intervention. The ability to conduct security testing 24/7 through the year is driving increased adoption of continuous security assessment approach among organizations.
 

Segment Analysis
The security testing market is segmented based on testing type into network security, application security, device security, social engineering, wireless security, and cloud security. The application security segment dominated the market in 2023 and is expected to continue its dominance during the forecast period as enterprises are increasingly adopting mobile and web applications. Vulnerabilities in applications pose serious threats and must be thoroughly tested for security issues before deployment.

Key Takeaways
The Global Security Testing Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. With the rapid adoption of digital technologies and online services across verticals, the need for robust security testing is growing at an exponential pace to protect confidential data and systems from cyber threats.

Regional analysis
North America currently holds the leading share in the security testing market due to the presence of major players and early adoption of advanced technologies. However, the Asia Pacific region is poised to grow at the highest CAGR during the forecast period supported by increasing IT spending and government initiatives to strengthen cybersecurity in major countries like India and China.

Key players
Key players operating in the Security Testing market are Turner Construction Company, Jacobs Engineering Group Inc., HOK Group, Inc., Skanska AB, AECOM, Balfour Beatty plc, Gensler, Lendlease Group, ISG plc, DPR Construction, PCL Construction Enterprises, Inc., Structure Tone, Clark Construction Group, LLC, HBA, JLL (Jones Lang LaSalle).

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