According to the report published by Allied Market Research, the global network security testing market generated $1.8 billion in 2021, and is estimated to reach $10.8 billion by 2031, witnessing a CAGR of 19.6% from 2022 to 2031.
The report offers an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
Covid-19 Scenario:
- The pandemic positively affected the market due to surge in digital penetration during the lockdown period. The implementation of strict social distancing policies fueled the demand for remote operating tools.
- However, lack of skilled IT professionals and concerns regarding cybersecurity hampered the growth of the market.
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Network Security Testing Market Segmentation Review:
The report offers detailed segmentation of the global network security testing market based on type, deployment model, enterprise size, industry vertical, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the VPN testing segment accounted for the highest share in 2021, contributing to more than two-fifths of the total share, and is expected to maintain its leadership status during the forecast period. However, the firewall testing segment is expected to manifest the highest CAGR of 21.2% from 2022 to 2031.
Based on deployment model, the on promise segment held the largest share in 2021, accounting for nearly three-fifths of the global network security testing industry, and is expected to maintain its dominance in terms of revenue by 2031. However, the cloud segment is estimated to witness the largest CAGR of 20.9% during the forecast period.
On the basis of enterprise size, the large enterprise segment dominated the market in 2021, accounting for more than two-thirds of the market, and is projected to maintain its leading position throughout the forecast period. However, the SMEs segment is estimated to showcase the highest CAGR of 21.6% during the forecast period.
Based on industry vertical, the healthcare segment is projected to showcase the highest CAGR of 22.3% during the forecast period. However, the BFSI segment held the largest share in 2021, accounting for more than one-fourth of the market.
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Based on region, North America accounted for the highest share in 2021, contributing to more than one-third of the total market share, and is projected to continue its leadership status by 2031. However, the market across Asia-Pacific is projected to portray the fastest CAGR of 21.5% during the forecast period. The research also analyzes regions including Europe and LAMEA.
Network Security Testing Market Players:
Leading players of the global network security testing market analyzed in the research include Checkmarx Ltd., AT&T, Core Security, Cigniti, IBM, Data Theorem, Inc., Kryptowire, ImpactQA, McAfee, LLC, LogRhthym, Inc., NowSecure, Micro Focus, PortSwigger Ltd., Parasoft, ScienceSoft USA Corporation, Rapid7, Synopsys, Inc., SecureWorks, Inc., and Veracode.
The report analyzes these key players in the global network security testing market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the network security testing market analysis from 2021 to 2031 to identify the prevailing network security testing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the network security testing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global network security testing market trends, key players, market segments, application areas, and market growth strategies.
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