SECURITY TESTING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market Challenges And Opportunities

Security Testing Market Drivers:

• Increasing Frequency and Severity of Cybersecurity Threats: The rapidly evolving threat landscape is a major factor propelling the growth of the security testing market. Cyber threats, such as malware, ransomware, phishing, DDoS attacks, and data breaches, are becoming more frequent, sophisticated, and damaging. High profile incidents like the 2020 SolarWinds and 2021 Colonial Pipeline attacks have highlighted how threat actors are leveraging new techniques to exploit vulnerabilities. Organizations are recognizing the need to identify and address security gaps before they can be leveraged by attackers. This is creating significant demand for security testing solutions.
• Stringent Compliance and Data Protection Regulations: Government policies and industry standards are mandating stringent security testing requirements which is driving the market growth. Regulations like Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS), Sarbanes-Oxley Act (SOX), and General Data Protection Regulation (GDPR) impose heavy penalties for non-compliance and data breaches. To avoid regulatory fines and reputational damage, organizations are adopting security testing tools and services to audit their security posture. The growing focus on data privacy protection across jurisdictions is compelling enterprises to implement robust application and infrastructure security testing.
• Digital Transformation and Cloud Adoption Trends: The digital transformation wave has expanded the attack surfaces that organizations need to secure. Cloud adoption, Internet of Things (IoT) devices, mobility, microservices, and Application program interface (APIs) have changed application architectures and exposed new vulnerabilities. To secure these dynamic environments, organizations need scalable and flexible security testing capabilities. The accelerated pace of software releases in development and operations (DevOps) models is also fueling continuous security testing adoption. As digital transformation gathers steam globally, it will continue to spur the security testing market growth.
• Testing for Exposed Devices and Remote Users: The expansion of the work-from-home workforce and growth in connected devices has increased the demand for security testing. As more enterprise devices and users operate remotely, they become attractive targets for cybercriminals. Validating the security of Bring Your Own Device (BYOD) endpoints, corporate virtual private network (VPNs), exposed IoT devices, and remote access networks have become crucial. Organizations are leveraging security testing tools tailored to continuously monitor and secure remote assets. The remote work trend is thus a key catalyst for the security testing industry.

Security Testing Market Opportunities:

• Cloud-Native Application Security Testing: The shift from traditional monolithic applications to cloud-native microservices and serverless functions requires updated application security testing approaches. New tools that provide seamless integration with Continuous Integration And Continuous Delivery (CI/CD) pipelines are needed. Emerging Application security testing (AST) solutions leverage techniques like fuzz testing, Software composition analysis (SCA), and Infrastructure as a service (IAAS) configuration checks to secure cloud-native apps. Cloud-native security testing represents a major opportunity for vendors to differentiate their offerings.
• Securing 5G Networks and IoT Ecosystems: The advent of 5G networks and associated technologies like edge computing will unlock new use cases across industries. However, 5G also introduces new potential vulnerabilities that need to be assessed. IoT ecosystems comprising millions of connected devices present a huge and complex surface for attacks. Testing 5G infrastructure and IoT systems before deployment will be crucial. This represents a sizeable opportunity for network and device security testing vendors.
• Integrating Security into DevOps Pipelines: Incorporating security earlier in DevOps workflows through shift-left testing is an impactful opportunity. Solutions that enable continuous security checks, remediation advice, and policy enforcement during the build process can find and fix flaws faster. Automated testing tools integrated into CI/CD pipelines allow businesses to scale secure software delivery. The shift-left approach provides significant potential for security testing vendors.
• Testing and Optimization of Machine Learning/Artificial Intelligence (ML/AI) Systems: As enterprises adopt ML and AI within critical business applications, new testing approaches are required to address algorithmic bias, poisoning attacks, model evasion, and extraction threats. Startups have emerged offering AI and ML model security testing capabilities. Checking an analytics model’s robustness and security compliance before deployment provides value. Testing and optimization represents an opportunity to build trust in AI systems.