Network Security Testing Market with Current Trends and Future Estimates | Allied Market Research

Network Security Testing Market

Cloud and high-speed Ethernet continue to drive the growth of the network security testing market.

PORTLAND, PORTLAND, OR, USA, Oct. 31, 2022 /EINPresswire.com/ — According to the report released by Allied Market Research, the global network security testing market generated $1.8 billion in 2021 and is expected to reach $10.8 billion by 2031, witnessing a CAGR of 19.6% from 2022 to 2031. The report offers an in-depth analysis of major segments, changing market trends, value chains , major investment pockets, competitive scenarios and regional landscapes.

Key factors driving the growth of the network security testing market include an increase in demand for work from home and remote work policies during the time of the COVID-19 pandemic which has helped propel the demand for networks global and enterprise security solutions, thereby driving the growth of the network security testing industry.

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However, higher installation costs and maintenance challenges of network security testing platforms may hamper the network security testing market. On the contrary, the integration of advanced tools such as machine learning and data analytics with network security testing solution suites is expected to provide remunerative opportunities for the expansion of the network security testing industry. during the forecast period.

An increase in the demand for work from home and remote work policies is driving the growth of the network security testing market. The Asia-Pacific market is expected to show the fastest CAGR of 21.5% during the forecast period. The pandemic has had a positive effect on the market due to a sharp increase in digital penetration during the lockdown period.

The report offers detailed segmentation of the global network security testing market on the basis of type, deployment model, company size, industry vertical, and region. The report provides an analysis of each segment and sub-segment using tables and figures. This analysis helps investors, market players, and new entrants determine which sub-segments should be tapped to achieve growth in the coming years.

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Based on enterprise size, the large enterprise segment dominated the market in 2021, accounting for more than two-thirds of the market, and is expected to maintain its leading position throughout the forecast period. However, the SME segment is estimated to exhibit the highest CAGR of 21.6% during the forecast period.

Based on deployment model, the on-promise segment held the largest share in 2021, accounting for nearly three-fifths of the global network security testing industry, and is expected to maintain its revenue dominance by 2031 However, the cloud segment is estimated to witness the largest CAGR of 20.9% during the forecast period.

Based on the industry vertical, the healthcare segment is expected to show the highest CAGR of 22.3% during the forecast period. However, the BFSI segment held the largest share in 2021, accounting for more than a quarter of the market.

Based on type, the VPN testing segment accounted for the highest share in 2021, contributing more than two-fifths of the total share, and is expected to maintain its leading status during the forecast period. However, the firewall testing segment is expected to show the highest CAGR of 21.2% from 2022 to 2031.

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Based on region, North America accounted for the highest share in 2021, contributing more than a third of the total market share, and is expected to maintain its leading status by 2031. However, the Asia-Pacific market is expected to grow fastest CAGR of 21.5% during the forecast period. The research also analyzes regions such as Europe and LAMEA.

Key Players of Global Network Security Testing Market analyzed in the research include Checkmarx Ltd., AT&T, Core Security, Cigniti, IBM, Data Theorem, Inc., Kryptowire, ImpactQA, McAfee, LLC, LogRhthym, Inc., NowSecure, Micro Focus, PortSwigger Ltd., Parasoft, ScienceSoft USA Corporation, Rapid7, Synopsys, Inc., SecureWorks, Inc., and Veracode.

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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.

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