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

Market News

Recent Developments

New product launches

• In October 2023, Checkmarx, a leading provider of cloud-native application security solutions for enterprises, introduced its Checkmarx Technology Partner program. This initiative allows organizations to effortlessly enhance the primary AppSec platform by integrating various capabilities from technology partners.
• In July 2023, New Relic, a comprehensive observability platform designed for engineers, unveiled the public preview of its Interactive Application Security Testing (IAST) feature. New Relic IAST offers enhanced visibility and contextual insights into security findings, boasts high detection accuracy with minimal false positives, and includes proof-of-exploit features along with guided remediation. This tool empowers engineers, DevOps professionals, and security teams to prioritize genuine security threats, address issues more efficiently throughout the application development cycle, and confidently deliver secure code at a rapid pace. Accessible through the Data Plus package and integrated within the New Relic observability platform, interested users can explore the public preview via a complimentary 30-day trial, combining observability and security capabilities for all engineers.
• In April 2023, Synopsys, Inc., the world's most advanced tools for silicon chip design, verification, IP integration, and application, announced the introduction of Synopsys Software Risk Manager, an advanced application security posture management (ASPM) solution. This tool allows security and development teams to unify and simplify their application security testing processes across various projects, teams, and application security testing (AST) tools. By integrating policy-driven orchestration and vulnerability management features, Software Risk Manager complements Synopsys Software Integrity Group's leading SAST and SCA technologies, while also offering compatibility with a wide range of other open-source and commercial AST tools. Overall, Synopsys' ASPM solution enhances the capability to consistently enforce application security standards within any organization.

Acquisition and partnerships

• In July 2023, leading cybersecurity companies Cynerio, focused on safeguarding IoT, IoMT, and OT devices in healthcare settings, and Check Point Software Technologies, a provider of comprehensive IT security solutions encompassing both hardware and software, have announced a partnership. Their collaboration aims to provide strong security measures specifically tailored for medical IoT devices used within healthcare institutions. Cynerio's 360 platform will offer essential features such as device identification, patch recommendations, microsegmentation, and intrusion detection specific to healthcare IoT devices. By integrating these capabilities with Check Point's Quantum IoT Protect for threat prevention and resolution, healthcare institutions can achieve comprehensive device security measures they require.
• In November 2021, IBM, a renowned U.S.-based multinational technology company, revealed its intention to bolster its cybersecurity threat detection and response functionalities by acquiring ReaQta. ReaQta's endpoint security tools utilize AI to autonomously detect and handle threats, ensuring they remain invisible to potential adversaries. This acquisition aims to enhance IBM's presence in the extended detection and response (XDR) sector, consistent with IBM's broader strategy of offering security solutions that integrate seamlessly across various tools, datasets, and hybrid cloud settings.
• In February 2021, Rapid7, Inc., a prominent company specializing in security analytics and automation, revealed its acquisition of Alcide.IO Ltd., a top-tier Kubernetes security firm located in Tel Aviv, Israel. This marks Rapid7's second purchase in the cloud security domain within a span of nine months, following its acquisition of DivvyCloud, a key player in Cloud Security Posture Management (CSPM). Combined, these acquisitions strengthened Rapid7, Inc.’s capacity to deliver a comprehensive cloud-native security platform to its clientele, enabling ongoing risk management and compliance oversight across diverse cloud infrastructures.