Security Testing Companies

The global security testing market size is projected to grow from USD 14.5 billion in 2024 to USD 43.9 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period. The sophistication and frequency of cyberattacks are rising, forcing enterprises to proactively detect and address vulnerabilities, which is driving the expansion of security testing. In addition, frequent security testing must ensure compliance and protect sensitive data due to strict regulatory requirements such as GDPR, HIPAA, and PCI DSS further fuels the market growth.

What is the security testing?

According to MarketandMarkets, “Security testing is an activity to identify vulnerabilities in software, hardware, and services by using highly automated tools or through manual attacks by skilled information security practitioners. It assists organizations to maintain integrity, confidentiality, availability, authentication, authorization, and non-repudiation of sensitive information.”

Top Companies in Security Testing Industry Include

• IBM (US)
• Synopsys (Canada)
• OpenText (UK)
• Cigniti (US)
• Qualitest (UK)
• Intertek (UK)

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IBM (US) is a computer, technology, and IT consulting corporation. The company operates through various segments, such as cognitive solutions, global business services, technology services and cloud platforms, systems, and global financing. IBM's clients comprise individual users, specialized businesses, and institutions, such as government, IT, defense, and educational organizations. In the category of security testing services, IBM offers X-Force Red Penetration Testing Services, X-Force Red Social Engineering Services, and X-Force Red Offensive Security Services. With the geographic presence across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, the company caters to various industries, such as IT, healthcare, life sciences, government, telecom, automobile, manufacturing, chemicals and petroleum, electronics, energy and power, media and entertainment, mining, retail, BFSI, travel and transportation, education, and others.

Synopsys (Canada) provides advanced technologies for chip design, verification, IP integration, and software security and quality testing. The company's security IP solutions segment includes a range of cryptography cores, security protocol accelerators and processors, embedded security IP modules, secure boot and cryptography middleware as well as content protection IP for integration into system-on-chips. These IP solutions also provide the highest levels of security for a range of products in the mobile, automotive, digital home, lot, and cloud computing markets. These integrated solutions enable the most efficient silicon design and the highest level of security to help prevent a wide range of evolving threats in connected devices. For security testing, Synopsys provides software tools such as Polaris, an AppSec which is used from development to deployment; Coverity which find security and quality defects in code; Seeker which automates web application security testing in DevOps; as well as Static Application Security Testing (SAST); Interactive Application Security Testing (IAST); and Defensics Fuzz Testing. It also provides services such as penetration testing services, MAST and others. With more than 30 years of experience, Synopsys has more than 14,000 employees and is present across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

OpenText (UK) is a notable player in the security testing market, offering comprehensive solutions through its security and risk management platform. Its tools focus on vulnerability management, penetration testing, and compliance, helping organizations identify and mitigate security risks to protect critical data and systems.

Cigniti (US) is a prominent player in the security testing market, providing end-to-end cybersecurity testing services such as vulnerability assessments, penetration testing, and risk analysis. Its solutions help organizations identify vulnerabilities, ensure compliance, and strengthen the security of their applications and infrastructure.

Qualitest (UK) is a key player in the security testing market, offering a range of services including penetration testing, vulnerability assessments, and security audits. Its solutions help organizations proactively identify security risks, ensure compliance, and protect critical assets from cyber threats across applications and IT infrastructures.

Apart from prominent vendors, some other key players, such as BreachLock (US), ImmuniWeb (Switzerland), Pentest People (UK), SafeAeon (US), and REDTEAM.PL (Poland) are also evolving in the security testing market.

According to MnM's approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with security testing solutions and services, which would assist businesses in boosting market revenue.

Related Reports:

Security Testing Market by Type (Network, Application, Device, Social Engineering), Network Security Testing (Penetration Testing, Vulnerability Scanning, Firewall), Application Testing Tools (RASP, SAST, DAST, IAST) - Global Forecast to 2029