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

Security Testing Market, By Testing Type (Static Application Security Testing, Dynamic Application Security Testing, Mobile Application Security Testing, Network Security Testing, Social Engineering, and Cloud Security Testing), By Deployment Mode (On-premise and Cloud), By Organization Size (Small & Medium Enterprises and Large Enterprises), By Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail & eCommerce, Manufacturing, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Security Testing Market Regional Insights

North America is expected to be the largest market for the security testing during the forecast period, which accounted for over 35% of the market share in 2023. The growth of the market in North America is attributed to the early adoption of advanced security testing tools, presence of leading security vendors, and stringent regulations regarding cybersecurity.
The Asia Pacific market is expected to be the second-largest market for the security testing, growing at a CAGR of over 25% during the forecast period. The growth of the market in Asia Pacific is attributed to the rapid digital transformation in the region, increasing complexity of enterprise IT infrastructure, and growing cyber threats.
The Europe market is expected to be the second-largest market for security testing, which accounted for over 18% of the market share in 2023. The growth of the market in Europe is attributed to the increasing penetration of cloud-based security testing solutions and rising security concerns among European organizations.

Figure 1. Global Security Testing Market Share (%), by Region, 2023