Global Security Testing Market to Grow at CAGR 19% by 2022 – Increasing Adoption of Cloud Based Security Solutions Due to Rising Number of Sophisticated Attacks – Research and Markets

DUBLIN–(BUSINESS WIRE)– Research and Markets has announced the addition of the “Global Security Testing Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 – 2023” report to their offering.

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Rising number of sophisticated attacks, increasing adoption of cloud based security solutions, regulatory compliance and data security are the dynamics driving global security testing market for the forecasted period. The research report is segmented in terms of types, tools, deployment mode, organization size, and vertical. The vertical segment is further sub segmented into IT & telecom, government & public utilities, banking, financial services and insurance, healthcare, retail, and other vertical. Government & public utilities market share of 23% in 2015.

The total cyber-attacks (over 26%) in 2016 have been attributed to hacktivism, cyber espionage, cyber warfare. An increase of over 1,310% in the number of cyber-attacks has been reported by US government. Attacks on government websites has been observed to reach over 69,500 per year since 2013.

Asia Pacific observed highest growth (an average growth of 15%) in security testing applications on government & public utilities. Growing threat towards data security, implementation of IOT & BYOD are the factors driving investments by government & public utilities in Asia Pacific. Increasing cyber-attacks on public utilities and administrations centres has led government to invest more in system security. Increasing funds will aid market growth for security testing for the forecasted period. High deployment & maintenance cost, limited know how around security testing, lack of domain specific tools, availability of freeware security applications and lack of cyber security workforce are the trial pondered in the research report.

Companies Mentioned

• Applause Inc.,
• Auxilion Inc.,
• Avg Technologies
• Checkmarx Ltd.,
• Cisco Systems Inc.,
• Helwett Packard Enterprise Co.,
• High-Tec Bridge Sa
• Ibm Corp.,
• Intertek Group Plc
• Nettitude Inc.,
• Pradeo Security Systems
• Qualys Inc.,
• Ul Llc
• Veracode Inc.,
• Whitehat Security Inc.,

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Security Testing Market By Region (Revenue Analysis) 2014-2022 ($ Million)

7. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/w5m2ls/global_security

View source version on businesswire.com: http://www.businesswire.com/news/home/20170411005976/en/

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Related Topics: IT Security

Source: Research and Markets