Software security testing is a critical process that aims to uncover vulnerabilities, threats, and risks within a software application. By examining the system, it effectively helps mitigate the risk of information loss, revenue loss, and damage to the organisation's reputation. This is important for businesses of all sizes, from small to large-scale enterprises, as it helps pinpoint potential weaknesses and loopholes in the software system, whether from internal or external sources.

Market surge

The global security testing market is experiencing a surge due to the growing reliance on web and mobile-based critical business applications, which necessitates heightened endpoint protection. Enterprises are taking measures to ramp up security to thwart financial losses resulting from increasingly sophisticated cyber attacks. Additionally, stringent government regulations mandating the adoption of security testing solutions and services are propelling market growth.

However, there are still challenges that need to be addressed, such as a shortage of skilled security professionals and the high costs associated with conducting security tests. Nevertheless, the rise in cloud-based security testing adoption, along with advancements in technologies like DevOps, DevSecOps, and Agile in software security testing, is poised to provide lucrative opportunities for market expansion in the forecast period.

Evolving cyber threats drive the market

Cloud-based security testing solutions are becoming increasingly popular due to their scalability and cost-effectiveness. As emerging technologies such as IoT and blockchain gain prominence, specialised testing services become essential. The growth of the market is further driven by the continuous evolution of cyber threats, which makes security testing an indispensable investment for organisations that want to strengthen their digital infrastructure and maintain customer trust.

Top players in the global market

Some of the key players in this sector and mentioned within the research include, Accenture PLC, Cognizant Technology Solutions Corporation, DXC Technology Company, IBM Corporation, Micro Focus International plc, NCC Group plc, Paladion Networks Private Limited, Qualys, Inc., Rapid7, Inc., Synopsys, Inc., Trustwave Holdings, Inc., Veracode, Inc., Whitehat Security, Inc. (acquired by NTT Ltd.), Wipro Limited and 7safe Limited (acquired by PA Consulting).