PRESS RELEASE
DELRAY BEACH, Fla., Sept. 10, 2024 /PRNewswire/ — The worldwide Safety Testing Market dimension is projected to develop from USD 14.5 billionin 2024 to USD 43.9 billion by 2029 at a Compound Annual Development Charge (CAGR) of 24.7% in the course of the forecast interval, based on a brand new report by MarketsandMarkets™.
One of many key elements selling the safety testing would be the growing incidence of cyberattacks that concentrate on the software program’s vulnerabilities. Nonetheless, the organizations, being within the digitalized world are getting an increasing number of depending on the digital purposes that require the identification of the system’s safety dangers and their decision earlier than the potential exploitation of such dangers by the attackers which is changing into the brand new essential observe. This rising concern pushes organizations to undertake the safety testing course of in an effort to guard their methods, knowledge, and repute from the potential breaches.
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Based mostly on the applying testing instruments, SAST accounts for the very best market dimension in the course of the forecast interval.
The adoption of Static Utility Safety Testing (SAST) instruments is growing as organizations prioritize safe software program improvement. SAST instruments allow builders to establish and repair safety vulnerabilities early within the coding course of, decreasing the chance of safety flaws in manufacturing. This shift is pushed by the rising emphasis on integrating safety into the software program improvement lifecycle (SDLC) and the necessity to adjust to stringent safety requirements. Consequently, extra corporations are adopting SAST instruments to reinforce code safety, enhance improvement effectivity, and be sure that purposes are sturdy towards cyber threats from the outset.
By Utility safety testing kind, internet software safety testing accounts for the very best market dimension in the course of the forecast interval.
The adoption of internet software safety testing is rising as organizations more and more depend on web-based platforms for enterprise operations and buyer interactions. With the rise in cyber threats concentrating on internet purposes, similar to SQL injection and cross-site scripting (XSS), corporations are prioritizing safety testing to establish and mitigate vulnerabilities earlier than they are often exploited. This proactive strategy is pushed by the necessity to shield delicate knowledge, guarantee compliance with laws, and preserve buyer belief in an setting the place internet purposes are a important a part of the enterprise panorama.
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By Area, Asia Pacific will develop on the highest CAGR in the course of the forecast interval.
The adoption of safety testing companies within the Asia Pacific area is quickly growing because of the area’s increasing digital economic system and the rising risk of cyberattacks. As companies in Asia-Pacific embrace digital transformation and cloud computing, the necessity to establish and handle vulnerabilities of their methods has develop into essential. Regulatory pressures and rising consciousness of cybersecurity dangers are additionally driving organizations to put money into safety testing options to make sure the resilience of their IT infrastructure and shield delicate knowledge from breaches. This pattern is additional fueled by the area’s various and sophisticated risk panorama, prompting a proactive strategy to cybersecurity.
High Key Firms in Safety Testing Market:
IBM (US), HCLTech (India), Synopsys (US), OpenText (UK), Cigniti (US), Qualitest (UK), Intertek (UK), DXC Know-how (US), eInfochips (US), Checkmarx (US), HackerOne (US), Invicti (US), DataArt (US), Cobalt Labs (US), Trustwave (US), Distinction Safety (US), Veracode (US), Qualys (US), OffSec (US), NCC Group (UK), GitHub (US), Bugcrowd (US), Applause (US), Rapid7 (US), Parasoft (US), BreachLock (US), ImmuniWeb (Switzerland), Pentest Folks (UK), SafeAeon (US), and REDTEAM.PL (Poland) are the important thing gamers and different gamers within the Safety Testing Market.
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