Skip to main content

Global Security Testing Market Growth to be determined by Rising Security Threats

Inkwood Research estimates that the Global Security Testing Market is set to evolve at a CAGR of 23.76% in terms of revenue during the forecasting years of 2021-2028.

“Browse 83 Market Data Tables and 62 Figures spread over 220 Pages, along with an in-depth TOC on the Global Security Testing Market Forecast 2021-2028.”



REQUEST CUSTOMIZATION LINK - https://www.inkwoodresearch.com/request-for-custom-report/

REQUEST FREE SAMPLE LINK - https://www.inkwoodresearch.com/reports/security-testing-market/#request-free-sample

VIEW TABLE OF CONTENT LINK - https://www.inkwoodresearch.com/reports/security-testing-market/#table-of-contents

BUY NOW- https://www.inkwoodresearch.com/reports/security-testing-market/

 

Security testing is a type of software testing that detects threats, vulnerabilities, and risks in a software application. It also undertakes the role of identifying all possible loopholes of the system. This will aid the developers in fixing problems through coding. This will further prevent the loss of information and data of an organization.

Increasing Security Threats Propel Market Growth

Wireless devices and networks are a fundamental part of several commercial and utility services. Many business organizations are linking their databases to massive data centers that support cloud services. Industries are increasingly relying on big data processing, cloud computing, and other IT services. The security of sensitive data is at risk, given the rise of cyber terrorism. JP Morgan faced a fatal bank breach in 2016. The hackers got access to the financial information of 3500 customers. This further resulted in JP Morgan losing its brand image and customer base.

Sony Online Entertainment Ltd faced a loss of 24.6 million records in a network attack in 2014. Similarly, EBay Inc lost 145 million data records in 2014. There is an increased risk of security breaches with the rising use of IoT connected devices. The Information Security Forum (ISF) predicts a surge in data breaches during the forecast period. Thus, the growing need to counter cyberattacks boosts the market demands.

To know more about this report, request a free sample copy.

Cloud is the Prominent Deployment Mode

Cloud-based security system is gaining traction due to its benefits like cost-cutting, enhanced efficiency, ease of customization. As a result, the companies are eagerly investing in cloud-based technology, which is aiding many industrial players to top potential consumers. For instance, IBM Security opened four network security testing facilities. The integration of machine learning and analytics frameworks can simplify routine tasks, thereby strengthening data protection. These can be hosted on a private or public cloud. However, the evolving cyber threats and scale of attacks limit the integration of cloud based solutions.

Asia Pacific is at the Forefront in terms of CAGR

The rising availability of low-cost smartphones, the scope for digital transformation, favorable government initiatives, and increasing cyberattack cases, are among the major drivers of market growth in the Asia Pacific. Such factors have propelled the need for implementing security testing solutions, along with the growing usage of mobile data and the increasing trend of BYOD.

The competitive rivalry of the market is set on market concentration, general profitability, market penetration, presence of global players, and bargaining power. Innovations are keeping sustainable competition high in the market, with brand identity playing a crucial role. Several major players have high levels of market penetration. Core Security Technologies Inc, Offensive Security Llc, IBM Corporation, Paladion Networks Pvt Ltd, ControlCase Llc, etc. are among the big players of the market.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

Contact Us

https://www.inkwoodresearch.com

sales@inkwoodresearch.com

+1 857-302-4704

Related Reports:

GLOBAL CYBER SECURITY MARKET

GLOBAL ADAPTIVE SECURITY MARKET

GLOBAL SMART SECURITY MARKET

GLOBAL NEXT GENERATION FIREWALL MARKET

  

Labels:

Comments

Post a Comment

Popular posts from this blog

HIV and Lyme Disease to Fuel Western Blotting Market Growth

  As per Inkwood Research, the Global Western Blotting Market is expected to grow at a CAGR of 6.67% in terms of revenue over the forecasting period of 2024-2032. “Browse 72 Market Data Tables and 60 Figures spread over 235 Pages, along with an in-depth TOC on the Global Western Blotting Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Western blotting is a laboratory technique used to detect specific proteins in a sample by separating them through gel electrophoresis and transferring them onto a membrane. It allows researchers to identify, quantify, and analyze protein expression, size, and modifications in biological samples. REQUEST FREE SAMPLE Rising HIV and Lyme Disease to Push Western Blotting Market Growth The rising incidence of HIV and Lyme disease is significantly driving the growth of the western blotting market. As a crucial diagnostic tool, western blotting enables the accurate detection of specific proteins associated with these infections, prov...
Post a Comment
Read more

Stringent Composite Disposal Regulations Fuel FRP Recycling Market Growth

  As per Inkwood Research, the Global Fiber-Reinforced Plastic (FRP) Recycling Market is set to grow at a CAGR of 8.19% in terms of revenue and 7.79% in terms of volume during the forecasting period of 2024-2032. “Browse 59 Market Data Tables and 44 Figures spread over 215 Pages, along with an in-depth TOC on the Global Fiber-Reinforced Plastic (FRP) Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Fiber-reinforced plastic (FRP) recycling involves reclaiming and reusing materials from products made of FRP composites. REQUEST FREE SAMPLE   These composites are composed of a polymer matrix reinforced with fibers such as glass, carbon, or aramid. The goal of FRP recycling is to minimize waste and reduce environmental impact by recovering valuable materials from these products, preventing them from being discarded in landfills or incinerated. Stringent Composite Disposal Regulations Boost Global Market Growth Stringent composite disposal regul...
Post a Comment
Read more

Tech Innovations to Aid Hydrogen Fuel Cell Recycling Market Growth

  As per Inkwood Research, the Global Hydrogen Fuel Cell Recycling Market is expected to grow at a CAGR of 14.20% in terms of revenue over the forecasting period of 2024-2032. “Browse 36 Market Data Tables and 42 Figures spread over 200 Pages, along with an in-depth TOC on the Global Hydrogen Fuel Cell Recycling Market Forecast 2024-2032.”   VIEW TABLE OF CONTENTS Hydrogen fuel cell recycling is an emerging field focused on reclaiming valuable materials, such as platinum and other metals, from spent fuel cells to promote sustainability and reduce costs. REQUEST FREE SAMPLE Efficient recycling processes can significantly minimize environmental impact by recovering resources that would otherwise be lost in landfills. As the demand for hydrogen fuel cells grows in sectors like transportation and energy, developing effective recycling methods will be crucial for creating a circular economy in the hydrogen industry. Tech Advancements to Propel Hydrogen Fuel Cell Recycling Market Gr...
Post a Comment
Read more