[October 25, 2016]

Security Testing Market Worth 7.61 Billion by 2021 - Organizations Focusing on Protecting Valuable Assets - Research and Markets

Research and Markets has announced the addition of the "Security Testing Market - Global Forecast to 2021" report to their offering.

The report estimates the global security testing market to grow from USD 3.31 billion in 2016 to USD 7.61 billion by 2021, at a CAGR of 18.1%.

The security testing market is growing rapidly as the organizations are more focused on protection of valuable assets such as web & mobile applications and customer data. However, factors such as higher innovation and deployment cost affecting budgets are the major restraints in the overall growth of the market.

Application security testing is estimated to have the largest market size in 2016 as the increased deployment of web and mobile applications and the protection of these applications is the prime objective of the organizations. The growth in the application security testing is associated with the rise in security breaches targeting enterprise applications, whereby hackers try o gain access to sensitive data. Furthermore, the same segment will grow at the highest CAGR during the forecast period, due to the rising need for improved security because of increased deployment of third-party applications.

APAC includes emerging economies, such as India and China, which are rapidly deploying security testing solutions. This is mainly due to the digitization of businesses and adoption of cloud services by small, medium, and large enterprises in the region.

Companies Mentioned:

• Applause, Inc.
• Checkmarx Ltd.
• Cisco (News - Alert) Systems, Inc.
• Hewlett Packard Enterprise Company
• International Business Machine Corporation
• Intertek Group PLC
• Qualys (News - Alert), Inc.
• UL LLC
• Veracode, Inc.
• Whitehat Security, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Security Testing Market Analysis, By Type

8 Security Testing Market Analysis, By Tool

9 Security Testing Market Analysis, By Deployment Mode

10 Security Testing Market Analysis, By Organization Size

11 Security Testing Market Analysis, By Vertical

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

15 Key Innovators

For more information about this report visit http://www.researchandmarkets.com/research/732czr/security_testing

View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006284/en/

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