Home » Australia, Business, Computers & Software, Europe, UK » Application Security Testing is Expected to Witness the Highest CAGR in the Global Security Testing Market
“The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of primary profiles is depicted in the figure”
Application security testing solutions are used to secure web and mobile applications deployed by organizations for efficient business operations. Moreover, the emerging IoT and BYOD trends have connected a large number of applications that are susceptible to vulnerabilities and Advanced Persistent Threats (APTs). Thus, the security of these applications is the prime objective of organizations.

The report Security Testing Market by Type (Network, Application, and Device), Tool (Penetration Testing, Web Testing, Automated Testing, and Code Review), Deployment Mode (Cloud and On-Premises), Organization Size, Vertical, and Region – Global Forecast to 2021″, The security testing market is estimated 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%.

Browse 80 market data Tables and 45 Figures spread through 147 Pages and in-depth TOC on “Security Testing Market”
Early buyers will receive 10% customization on this report.

The major forces driving the security testing market are need for protection of valuable assets such as web & mobile applications and government mandates and regulatory compliances. The security testing market is growing rapidly because of the growing security needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and increased deployment of web & cloud-based business applications.

Download PDF Brochure – http://www.marketsandmarkets.com/pdfdownload.asp?id=150407261

Application security testing to grow at the highest CAGR from 2016 to 2021

Application security testing is expected to witness the highest CAGR in the global security testing market during 2016–2021. Application security testing solutions are used to secure web and mobile applications deployed by organizations for efficient business operations. Moreover, the emerging IoT and BYOD trends have connected a large number of applications that are susceptible to vulnerabilities and Advanced Persistent Threats (APTs). Thus, the security of these applications is the prime objective of organizations.

Government and public utilities vertical to have the largest market size in 2016

The security testing market has been also segmented into various industry verticals; out of which, the adoption of security testing solutions is expected to be the highest in the government and public utilities vertical as the critical data and applications used by the vertical are prone to advanced threats. Moreover, security testing for Banking, Financial Services, and Insurance (BFSI), retail, and IT & telecom verticals are expected to gain traction during the forecast period.

North America is expected to dominate the security testing market in 2016

North America is expected to hold the largest share of the security testing market in 2016 due to the technological advancements and early adoption of security testing in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The major driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments, adopted by major players to increase their market share. Some of the major technology vendors include Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Qualys, Inc. (U.S.), WhiteHat Security (U.S.), Applause App Quality, Inc. (U.S.), Veracode (U.S.), Checkmarx (Israel), UL LLC (Netherlands), and Intertek Group plc. (U.K.).

Inquiry – http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=150407261

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Rohan
Email: sales@marketsandmarkets.com
Phone: 1-888-600-6441
Address:701 Pike Street, Suite 2175
City: Seattle
State: Washington
Country: United States
Website: http://www.marketsandmarkets.com/

Comments are closed.