The security testing market is projected to grow from USD 2,495.5 million in 2024 to USD 4,722.6 million by 2032, registering a CAGR of 8.3% during the forecast period.
REPORT ATTRIBUTE
DETAILS
Historical Period
2020-2023
Base Year
2024
Forecast Period
2025-2032
Security Testing Market Size 2024
USD 2,495.5 million
Security Testing Market, CAGR
8.3%
Security Testing Market Size 2032
USD 4,722.6 million
The security testing market is driven by the rising frequency of cyberattacks, strict regulatory requirements, and the growing adoption of cloud-based applications. Organizations increasingly invest in advanced security testing solutions to safeguard sensitive data and maintain compliance. The rapid digital transformation across industries further fuels demand for automated and AI-powered testing tools. Trends highlight the integration of DevSecOps, continuous testing in agile environments, and the use of penetration testing services for proactive risk management. Increasing reliance on IoT devices and mobile applications also expands the market scope, creating strong growth opportunities for specialized security testing providers.
The security testing market shows diverse regional dynamics, with North America leading at 37% driven by strong regulations and advanced infrastructure. Europe follows with 28% supported by GDPR and industry adoption, while Asia-Pacific holds 24% fueled by rapid digitalization and rising IoT usage. Latin America secures 6% with growing awareness in banking and telecom, and the Middle East & Africa accounts for 5% supported by government digital initiatives. Key players include Cisco, Synopsys, Veracode, SecureWorks, Rapid7, Checkmarx Ltd., OpenText, Qualys, Inc., and Intertek Group PLC.
Market Insights
The security testing market will grow from USD 2,495.5 million in 2024 to USD 4,722.6 million by 2032, at a CAGR of 8.3%, driven by rising cyber threats and compliance.
Application security dominates with 38% share, followed by network security at 32%, device security at 20%, and others at 10%, reflecting diverse enterprise priorities across digital infrastructures.
Large enterprises lead with 65% market share due to complex IT needs and regulatory demands, while SMEs hold 35%, adopting affordable cloud-based testing platforms to strengthen cybersecurity resilience.
Cloud deployment leads with 58% share, supported by scalability and cost efficiency, while on-premises holds 42%, driven by industries prioritizing stricter control, compliance, and internal infrastructure security.
Regionally, North America leads with 37%, Europe follows with 28%, Asia-Pacific holds 24%, Latin America secures 6%, and the Middle East & Africa account for 5% share respectively.
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research Inc.!
The security testing market is expanding due to escalating cyber threats and data breaches targeting enterprises across industries. It supports organizations in identifying vulnerabilities before they are exploited by malicious actors. Companies face significant financial and reputational risks from attacks, driving proactive investments in robust testing solutions. It enables continuous monitoring and protection of critical systems. The market benefits from rising global awareness of security risks and compliance obligations.
For instance, Microsoft reported blocking over 70 billion email and identity threats in 2023 using its security and testing solutions, highlighting how large-scale enterprises are strengthening proactive defenses.
Stringent Regulatory Standards and Compliance Requirements
The security testing market benefits from strict regulatory frameworks across regions that mandate strong cybersecurity practices. Governments and industry bodies enforce rules such as GDPR, HIPAA, and PCI DSS, requiring regular vulnerability assessments. It compels enterprises to invest in advanced testing services to avoid penalties and reputational harm. Strong compliance pressures push adoption across banking, healthcare, and retail sectors. The market growth aligns with rising enforcement of data protection laws.
For instance, Visa and Mastercard require merchants to maintain PCI DSS compliance, and in 2019, Target Corporation faced additional compliance scrutiny following its widely reported data breach, underscoring the necessity of regular penetration testing and monitoring.
Adoption of Cloud Services and Digital Transformation
The security testing market grows with the widespread adoption of cloud computing, mobile applications, and digital transformation strategies. Enterprises shifting workloads to cloud platforms face rising exposure to complex cyber risks. It drives demand for scalable, automated testing solutions that address hybrid and multi-cloud environments. Companies require end-to-end security validation across networks, applications, and devices. This trend supports market growth as businesses strengthen resilience against evolving threats.
Integration of Advanced Technologies in Testing Solutions
The security testing market evolves with the integration of artificial intelligence, automation, and DevSecOps practices. These technologies improve efficiency and accuracy in detecting vulnerabilities and streamline testing processes. It enables faster response to risks while reducing human errors in manual testing. Organizations leverage continuous testing in agile development cycles for secure software delivery. Growing reliance on IoT and connected devices further accelerates the need for innovative testing approaches.
Market Trends
Growing Demand for Cloud-Based Security Testing Solutions
The security testing market is witnessing a strong shift toward cloud-based testing platforms as enterprises embrace cloud adoption at scale. It supports flexible, scalable, and cost-efficient testing processes that match modern IT environments. Companies prefer cloud-native tools to secure multi-cloud and hybrid infrastructure. This trend reflects the increasing complexity of digital ecosystems. Vendors are developing SaaS-based testing platforms to meet enterprise demand, accelerating innovation and broader market penetration globally.
For instance, Qualysec specializes in cloud penetration testing for AWS, Azure, and GCP environments, offering comprehensive security assessments and regulatory compliance support tailored for fintech and SaaS companies globally.
Integration of Artificial Intelligence and Automation in Testing
The security testing market benefits from the rapid adoption of artificial intelligence and automation in testing methodologies. AI-driven tools enhance accuracy in detecting vulnerabilities, reducing manual errors and response time. It supports predictive analytics to identify potential risks in real time. Automation streamlines testing workflows, supporting faster product deployment cycles. Organizations view intelligent testing as critical for handling advanced threats, strengthening long-term growth in the cybersecurity solutions landscape.
Rising Adoption of DevSecOps and Continuous Testing Practices
The security testing market aligns with the growing implementation of DevSecOps and continuous testing strategies within enterprises. These practices integrate security into software development cycles from the start. It ensures early detection of vulnerabilities, reducing remediation costs and risks. Businesses adopting agile development prefer testing solutions embedded within CI/CD pipelines. The demand highlights the need for proactive defense strategies that evolve alongside rapid application releases and updates.
Expanding Need for IoT and Mobile Application Security
The security testing market experiences growth due to the widespread use of IoT devices and mobile applications. These technologies create new attack surfaces, requiring advanced and customized testing services. It ensures secure integration across networks, sensors, and mobile platforms. Enterprises deploy testing tools to validate applications before large-scale rollouts. The surge in connected ecosystems highlights demand for specialized providers offering targeted solutions for mobile and IoT vulnerabilities.
For instance, Bosch IoT Suite, deployed in connected mobility and smart home projects, undergoes continuous vulnerability assessments to ensure secure operation of devices and data flows across millions of IoT endpoints.
Market Challenges Analysis
High Implementation Costs and Resource Constraints
The security testing market faces a significant challenge from high implementation costs and limited skilled resources. Small and medium enterprises struggle to afford advanced solutions, restricting adoption across certain regions. It requires continuous investments in specialized tools, trained professionals, and infrastructure, which strain budgets. Organizations often delay or minimize testing efforts, exposing themselves to greater risks. The lack of skilled cybersecurity experts further slows market growth and limits timely adoption.
Complexity of Evolving Threats and Integration Issues
The security testing market also encounters challenges from the rapid evolution of cyber threats and integration barriers. Advanced attacks demand sophisticated tools that must adapt quickly, increasing pressure on providers. It complicates the task of ensuring consistent protection across dynamic IT environments. Businesses also face difficulties integrating testing solutions with existing legacy systems, creating gaps in security coverage. These obstacles limit efficiency and reduce the effectiveness of comprehensive testing strategies.
Market Opportunities
Expansion of Cloud, IoT, and Mobile Ecosystems
The security testing market holds strong opportunities with the rapid expansion of cloud computing, IoT, and mobile ecosystems. Enterprises are moving critical operations to digital platforms, creating a higher demand for scalable testing solutions. It enables organizations to protect sensitive applications across diverse environments while ensuring compliance with industry standards. The surge in connected devices and mobile applications widens the market scope. Providers offering customized solutions for emerging technologies gain a competitive advantage globally.
Adoption of AI-Driven and Automated Testing Solutions
The security testing market also benefits from the growing adoption of AI-driven and automated testing tools. Enterprises are investing in intelligent platforms that improve detection accuracy, streamline processes, and reduce reliance on manual testing. It strengthens proactive defense strategies by offering predictive insights and real-time monitoring. Companies adopting DevSecOps practices prefer advanced automated tools integrated within agile development pipelines. This trend provides opportunities for vendors delivering innovative, cost-effective, and adaptable testing solutions.
Market Segmentation Analysis:
By Type
In the security testing market, application security dominates with a share of 38%, driven by the rising demand to safeguard business-critical applications from vulnerabilities and breaches. Network security follows with 32%, supported by growing investments in securing enterprise infrastructure. Device security accounts for 20%, fueled by the adoption of IoT and connected devices. The remaining 10% is held by other testing types, focusing on specialized and niche security needs across industries.
For instance, Palo Alto Networks has incorporated IoT device profiling and risk-based security testing into its Cortex XSIAM platform to address vulnerabilities in connected devices.
By Enterprise Size
Large enterprises lead the security testing market with a 65% share, supported by higher budgets, complex IT infrastructure, and strict compliance requirements. It drives demand for advanced and comprehensive testing solutions. SMEs hold 35%, increasingly adopting affordable, cloud-based security testing platforms. Growth in this segment is driven by rising awareness of cyber risks and regulatory pressures, pushing smaller firms to strengthen cybersecurity strategies despite limited resources.
For instance, JPMorgan Chase invests over $600 million annually in cybersecurity, including regular penetration testing and red-team exercises to safeguard its global banking systems.
By Deployment Model
Cloud deployment holds the largest share at 58% in the security testing market, fueled by the scalability, cost efficiency, and ease of integration it offers. Enterprises prefer cloud-based testing solutions to secure multi-cloud and hybrid environments. On-premises deployment accounts for 42%, supported by industries such as banking and healthcare requiring stricter data control. It remains relevant where organizations prioritize internal infrastructure security and compliance with data residency regulations.
Segments:
Based on Type
Network Security
Application Security
Device Security
Others
Based on Enterprise Size
SME
Large Enterprises
Based on Deployment Model
On-premises
Cloud
Based on Industry Vertical
BFSI
Healthcare
Education
IT & Telecom
Retail & E-commerce
Others
Based on the Geography:
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Regional Analysis
North America
North America leads the security testing market with a 37% share, driven by advanced cybersecurity infrastructure and strong regulatory frameworks. The presence of leading technology providers and early adoption of AI-driven testing solutions further strengthen growth. It is supported by high investments from enterprises in financial services, healthcare, and government sectors. Rising data breach incidents and cloud adoption push companies to prioritize testing solutions. The region continues to be the global hub for innovation in cybersecurity technologies.
Europe
Europe holds a 28% share of the security testing market, supported by strict compliance laws such as GDPR and strong industry adoption. Enterprises focus on application and network security to align with evolving data protection requirements. It benefits from rising digitalization across banking, manufacturing, and automotive industries. Demand is also supported by growing cloud adoption among enterprises across Western and Central Europe. Regional governments actively fund cybersecurity programs, enhancing the adoption of advanced testing solutions.
Asia-Pacific
Asia-Pacific accounts for a 24% share of the security testing market, driven by rapid digital transformation and rising internet penetration. Countries such as China, India, and Japan are investing heavily in cloud adoption and cybersecurity frameworks. It is further supported by the booming e-commerce and banking industries, which demand advanced application security solutions. SMEs in the region are adopting cost-effective cloud-based testing platforms. Growing mobile usage and IoT expansion create significant opportunities for testing providers.
Latin America
Latin America represents a 6% share of the security testing market, supported by rising cybersecurity awareness among enterprises. Governments are tightening regulations to combat growing cyber threats, driving adoption of testing services. It is mainly supported by industries such as banking, energy, and telecommunications, which face increasing risks. Cloud adoption is growing in Brazil and Mexico, creating demand for scalable testing solutions. Regional vendors are expanding partnerships to strengthen cybersecurity capabilities.
Middle East & Africa
The Middle East & Africa holds a 5% share of the security testing market, with growth driven by increasing government investments in digital infrastructure and cybersecurity initiatives. Countries in the Gulf Cooperation Council are adopting advanced solutions to protect financial and energy sectors. It is further supported by rising digital banking and smart city projects. Enterprises in South Africa are investing in application and network testing. Limited skilled resources remain a challenge but adoption continues to rise.
Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!
The security testing market is highly competitive, with global and regional players focusing on innovation, scalability, and compliance-driven solutions. It is shaped by strong demand for application, network, and cloud security testing across industries. Key players such as Cisco, Synopsys, Veracode, SecureWorks, Rapid7, Checkmarx Ltd., OpenText, Qualys, Inc., and Intertek Group PLC compete by expanding service portfolios and integrating AI-driven automation into testing platforms. Vendors focus on partnerships, acquisitions, and continuous technology upgrades to address evolving cyber threats. Growing emphasis on DevSecOps integration and real-time vulnerability management strengthens competitive differentiation. Companies prioritize SaaS-based offerings to attract SMEs while catering to large enterprises with comprehensive, compliance-focused solutions. Strategic regional expansions in Asia-Pacific, Europe, and North America reinforce global positioning. Intensified competition drives vendors to deliver value-added services, faster deployment, and advanced analytics to gain market share. The security testing market continues to evolve with increasing reliance on digital transformation, pushing providers to maintain agility and deliver advanced, customer-centric security testing capabilities that support enterprise resilience against emerging threats.
Recent Developments
In July 2025, Palo Alto Networks announced the $25 billion acquisition of CyberArk, enhancing its identity and privileged access management capabilities to strengthen its Strata and Cortex security platforms.
In March 2025, Alphabet confirmed the $32 billion acquisition of Wiz, an Israeli cloud security startup, to expand Google’s cloud and AI-driven security services, while keeping Wiz independent across cloud platforms.
In February 2025, Sonar (SonarSource) acquired AutoCodeRover, integrating agentic AI technology to improve its static code analysis and software development tools.
In May 2025, Elastic acquired Keep, an Israeli open-source AIOps platform that helps manage alerts and incident response using AI.
Market Concentration & Characteristics
The security testing market demonstrates moderate to high concentration, with global leaders and specialized regional providers competing to capture enterprise demand. It is characterized by strong reliance on innovation, compliance alignment, and continuous technology integration to meet evolving cyber threats. Leading vendors such as Cisco, Synopsys, Veracode, SecureWorks, Rapid7, Checkmarx Ltd., OpenText, Qualys, Inc., and Intertek Group PLC focus on expanding portfolios with AI-driven automation, penetration testing, and cloud-native solutions. The market reflects high entry barriers due to technical expertise requirements, regulatory compliance, and investment in scalable platforms. Enterprises prioritize vendors with proven expertise, advanced analytics, and integration capabilities across diverse IT infrastructures. It supports both SMEs seeking cost-efficient solutions and large enterprises demanding comprehensive frameworks. Growing demand for SaaS-based platforms, DevSecOps integration, and multi-cloud compatibility strengthens competition, while continuous digital transformation across industries ensures sustained opportunities for established leaders and emerging players in global markets.
Report Coverage
The research report offers an in-depth analysis based on Type,Enterprise Size, Deployment Model, Industry Vertical and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
Demand for AI-driven security testing solutions will grow to improve accuracy and reduce vulnerabilities.
Cloud-based testing platforms will expand as enterprises secure hybrid and multi-cloud digital environments.
DevSecOps adoption will rise, embedding security testing throughout agile software development life cycles.
IoT expansion will drive higher demand for device security testing across connected networks and applications.
Mobile application security testing will strengthen as businesses protect user data and digital transactions.
SMEs will increasingly adopt cost-efficient SaaS-based testing solutions to meet compliance and regulatory requirements.
Large enterprises will continue investing in advanced penetration testing and vulnerability management solutions globally.
Regional governments will enforce stricter cybersecurity laws, encouraging enterprises to adopt regular security testing.
Automated testing tools will dominate, reducing reliance on manual methods and improving overall efficiency.
Global players will expand partnerships and acquisitions to strengthen market presence and enhance service offerings.
For Table OF Content – Request For Sample Report –
Access crucial information at unmatched prices!
Request your sample report today & start making informed decisions powered by Credence Research Inc.!
We prioritize the confidentiality and security of your data. Our promise: your information remains private.
Ready to Transform Data into Decisions?
Request Your Sample Report and Start Your Journey of Informed Choices
Providing the strategic compass for industry titans.
Frequently Asked Questions
What is the current market size for security testing market, and what is its projected size in 2032?
The security testing market is valued at USD 2,495.5 million in 2024 and projected to reach USD 4,722.6 million by 2032.
At what Compound Annual Growth Rate is the security testing market projected to grow between 2025 and 2032?
The security testing market is projected to grow at a strong Compound Annual Growth Rate of 8.3% between 2025 and 2032.
What are the primary factors fueling the growth of the security testing market?
Rising cyberattacks, strict regulatory standards, cloud adoption, digital transformation, and demand for AI-powered, automated solutions fuel security testing market growth globally.
Who are the leading companies in the security testing market?
Key players in the security testing market include Cisco, Synopsys, Veracode, SecureWorks, Rapid7, Checkmarx Ltd., OpenText, Qualys, Inc., and Intertek Group PLC.
About Author
Sushant Phapale
ICT & Automation Expert
Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.
Network Security Firewall Market size was valued at USD 4,320.0 million in 2018 to USD 6,039.6 million in 2024 and is anticipated to reach USD 12,872.1 million by 2032, at a CAGR of 10.1% during the forecast period.
Vehicle Security Sensor Market size was valued at USD 663.5 million in 2024 and is anticipated to reach USD 1018.3 million by 2032, at a CAGR of 5.5% during the forecast period.
The vehicle security system market size was valued at USD 19797 million in 2024 and is anticipated to reach USD 31553.4 million by 2032, at a CAGR of 6 % during the forecast period (2024-2032).
Smart Grid Cyber Security Market size was valued at USD 2090 million in 2024 and is anticipated to reach USD 7593.6 million by 2032, at a CAGR of 17.5% during the forecast period.
Hardware Security Modules Market size was valued at USD 2084.7 million in 2024 and is anticipated to reach USD 6977.2 million by 2032, at a CAGR of 16.3% during the forecast period.
The Healthcare Security Systems Market size was valued at USD 7,426.2 million in 2018 to USD 10,847.9 million in 2024 and is anticipated to reach USD 20,201.3 million by 2032, at a CAGR of 8.21% during the forecast period.
The Global BYOD Security Market size was valued at USD 21,768.89 million in 2018 to USD 46,850.88 million in 2024 and is anticipated to reach USD 2,03,123.48 million by 2032, at a CAGR of 18.77% during the forecast period
The Connected Home Security Systems Market size was valued at USD 47,320.00 million in 2018, reached USD 62,495.63 million in 2024, and is anticipated to attain USD 117,169.85 million by 2032, reflecting a compound annual growth rate (CAGR) of 8.21% during the forecast period.
The Physical Security Information Management market size was valued at USD 2,010.00 million in 2018, increased to USD 3,795.81 million in 2024, and is anticipated to reach USD 17,596.61 million by 2032, growing at a CAGR of 21.19% during the forecast period.
Purchase Options
The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing. Use restricted to one purchaser only.
$4999
To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis. Unlimited users allowed within one corporate location (e.g., regional office).
$6999
The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc. research team. Permitted for unlimited global use by all users within the purchasing corporation, such as all employees of a single company.
Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.
Materials Scientist (privacy requested)
The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.
