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Security Testing Market to Reach $36.78 Billion, Globally, by 2030 at 19.2% CAGR: Allied Market ResearchSurge in web & mobile-based business applications and stringent government regulations to increase the adoption of security testing solutions & services drive the growth of the global security testing market. PORTLAND, Ore., Aug. 16, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Security Testing Market by Type (Network Security, Application Security, Device Security, and Others), Deployment Mode (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and Industry Verticals (BFSI, IT & Telecom, Healthcare, Retail & E-Commerce, Education, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report published by Allied Market Research, the global security testing market was estimated at $6.25 billion in 2020 and is expected to hit $36.78 billion by 2030, registering a CAGR of 19.2% from 2021 to 2030.  Download Report Sample PDF: https://www.alliedmarketresearch.com/request-sample/12894 Drivers, restraints, and opportunities- Surge in web & mobile-based business applications and stringent government regulations to increase the adoption of security testing solutions & services drive the growth of the global security testing market. On the other hand, lack of skilled security professionals and high implementation cost impede the growth to some extent. Nevertheless, increased adoption of cloud-based security testing, evolution of technologies, and implementation of new technologies, such as DevOps, DevSecOps and Agile in software security testing are expected to create lucrative opportunities in the industry. Impact of COVID-19 on Security Testing Software Market
Get detailed COVID-19 impact analysis on the Security Testing Market: https://www.alliedmarketresearch.com/request-for-customization/12894?reqfor=covid The on-premise segment to retain the lion's share- On the basis of deployment mode, the on-premise segment held the major share in 2020, garnering nearly three-fifths of the global security testing market, due to increase in adoption of on-pemise security testing product among organizations as it offers an array of benefits such as increased security of the data collection devices, enhanced operation of the business, and so on. The cloud segment, on the other hand, is projected to cite the fastest CAGR of 20.8% throughout the forecast period, owing to rise in demand from the small & medium size enterprises toward the cloud based security testing platform to detect potential threats in the system. The network security segment to dominate by 2030- On the basis of security type, the network security segment contributed to the lion's share in 2020, holding more than half of the global security testing market, due to rise in adoption of network security testing in organizations to achieve security compliance with the mandatory government regulations. However, the device security segment is projected to manifest the fastest CAGR of 21.4% from 2021 to 2030. Rise in demand for device security testing platform among medical device manufacturers for protecting crucial customer information propels the segment growth. Want to Purchase the AMR Exclusive Report? https://www.alliedmarketresearch.com/purchase-enquiry/12894 North America held the major share in 2020- By region, the market across North America dominated in 2020, garnering more than one-third of the global security testing market, owing to increase in adoption of digital technology among several business verticals in this province. Simultaneously, the Asia-Pacific region is expected to cite the fastest CAGR of 21.1% throughout the forecast period, due to surge in adoption of security testing platform among enterprise for detecting the potential threats at the early stage. Key players in the industry-
Official Press Release: https://www.alliedmarketresearch.com/press-release/security-testing-market.html Similar Research Reports for Information, Communication and Technology: Augmented Intelligence Market Expected to Reach $121.57 Billion by 2030 Bot Services Market Expected to Reach $7.8 Billion by 2030 Satellite Internet Market Expected to Reach $18.59 Billion by 2030 Privileged Access Management Solutions Market Expected to Reach $19.73 Billion by 2030 AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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