Growth Rate of Security Testing Market to Change from CAGR of 14.9% to $4.96 Billion by 2019

Security testing is a set of activities done to locate and isolate defects in the security mechanisms of an application or a software, to ensure functionality and data protection as planned.

The method discloses hidden vulnerabilities in a software, which can be easily taken advantage of, by a virus or a hacker. Security testing is now considered very important for organizations over all industry verticals. The demand for security testing is also being motivated by the growth of web and mobile applications.

With the development of new software and applications, there has been a boost in the security testing market, as it is an important part of systems development life cycle. The security testing market is described mainly as a service, but it also consists of devices provided by vendors such as NT Objectives, Veracode and WhiteHat Security.

Being a service primarily, the security testing outsourcing model has been implemented to be used by small and medium-sized enterprises. Security testing can further be sub-divided into two markets - Dynamic Application Security Testing (DAST) and Static Application Security Testing (SAST). DAST involves testing application security during the state of an operation and SAST involves scanning the binary code or source of an application for vulnerabilities. Both these methods are widely used in security testing.

Important vendors in the security testing market are Applause, Accenture, Cisco, Cenzic, IBM, HP, NT Objectives, McAfee, WhiteHat Security and Veracode. A research on the security testing market gives a detailed analysis of the main players in the services and tools ecosystem, with their recent developments, opportunities, key issues, future growth potentials and global adoption trends.

The major focus of the report is on the tools and types of services provided in security testing. The security testing market has been divided into Web application security testing services , network security testing services, application security testing types, , security testing services market by deployment models, security testing tools, regions and industry verticals.

The report shows the key factors that are promoting growth in the market along with new opportunities for growth. As per the report, North America is the biggest market for security testing services. This market is supposed to grow from $2.47 billion in 2014 to $4.96 billion by 2019. The growth is estimated to be at a Compound Annual Growth Rate (CAGR) of 14.9% from 2014 to 2019.

http://www.avyaan.com/blog/art-human-hacking-social-engineering/