London, 13 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Security Testing Market 2015-2019, which is expected to grow at a CAGR of 13.46% during the forecast period of 2014-2019.
The increase in digitization and the pervasiveness of the internet also paved the way for digital intruders. Personal customer data is prone to security threats, and the need to maintain confidentiality is stimulating the market for security testing services globally.
“A rising number of SMEs, particularly in the manufacturing, retail, and banking sectors, are adopting security testing solutions to protect critical information,” says Faisal Ghaus, Vice President of TechNavio.
“These solutions support a company’s growth by addressing security requirements and by streamlining business processes and improving operational efficiency.”
Key Market Drivers
- Rise in number of security threats
- Need for enhanced protection
- Rise in hacking following rising internet penetration
- Increased adoption of IT across industries
- Rise in number of online transactions
- Increased use of cloud computing
Key Market Trends
- Rising acceptance of need for security testing among SMEs
- SaaS-based security testing solutions
- Converged security solutions
- Rise in internet use through mobile devices
Key Market Vendors
- Accenture Plc.
- Cisco Systems
- HP Corp.
- IBM Corp.
- Veracode
- WhiteHat Security
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Security Testing Market 2015-2019; please send an e-mail to media@TechNavio.com.
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