SECURITY TESTING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Security Testing Market Analysis:

The security testing market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of more than 27.2% during the projected period. The market’s expansion is being fueled by the growing adoption of Bring Your Own Device (BYOD) and Internet of Things (IoT) devices. As IoT-connected devices continue to play an increasingly significant role in our daily lives, it is imperative that they undergo testing and adhere to a minimum level of security.

With the proliferation of mobile devices and Information and Communication Technology (ICT), various governments and public enterprises rely on information infrastructure services. However, this dependence has become a vulnerable factor for numerous businesses due to the surge in cybersecurity threats. Most companies and countries recognize that cyber threats pose a significant risk to their economic security.

It is becoming increasingly apparent that conventional methods, such as anti-malware software, are no longer sufficient to safeguard sensitive information. To address this challenge, several forward-thinking companies are bolstering their sensitive information with a cybersecurity strategy by utilizing security testing tools for enhanced protection. These security testing (ST) tools are employed to identify system vulnerabilities and rectify them.

Furthermore, companies are increasingly engaging ethical hackers to penetrate their computers or devices to test the organization’s defenses. Therefore, the trend of ethical hacking presents the market with numerous opportunities to generate revenue.

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