Security testing is a testing technique that determines whether the IT infrastructurecomponents such as networks, applications, devices, and others are free fromsecurity vulnerabilities or not. The key objective of deploying securitytesting solutions by organizations across the globe is to mitigate security vulnerabilitiesin business applications and address the potential threats in a proactivemanner. Security testing delivers comprehensive insights into securityweaknesses present in IT infrastructures, which help to protect the systemsfrom advanced persistent threats, zero-day attacks, and other cyber threats. Asthese solutions help in mitigating potential threats, security testing isgetting popular in Small and Medium Enterprises (SMEs) and large enterprises.
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The GlobalSecurity Testing Industry is expected to grow from USD 3.31 Billion in 2016 toUSD 7.61 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.1% from2016 to 2021.
The marketincludes a wide number of vendors offering security testing solutions, forinstance Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBMCorporation (U.S.), Qualys, Inc. (U.S.), WhiteHat Security (U.S.), Applause AppQuality, Inc. (U.S.), Veracode (U.S.), Checkmarx (Israel), UL LLC(Netherlands), and Intertek Group plc. (U.K.). Players in this business sectorhave encompassed different strategies to extend their global presence andexpand their market share. Partnerships & collaborations and mergers &acquisitions were the key strategies adopted by industry players to accomplishdevelopment in the market. Apart from these agreements, new product launchesand business expansions are some of the other significant strategies embracedby the market players in the Global Security Testing Industry.
IBMCorporation is oneof the key leaders in the Global Security Testing Industry. The organizationhas a significant presence in more than 175 countries, and primarily serves theregions of North America, Europe, Asia-Pacific (APAC), Middle East and Africa(MEA), and Latin America. IBM’s long-term strategy lean more towards inorganicgrowth where it hopes to make more mergers & acquisitions and partnerships& agreements. Acquisition of Resilient Systems and partnership with CheckPoint Software Technologies clarifies that IBM will be further puttingresources into its inorganic growth strategy for cementing its market leaderposition in the Global Security Testing Industry.
HewlettPackard Enterprise (HPE) is another such prominent player in the market. The fundamentalobjective of HPE is to meet every industry client requirement and in additionprovide new advancements in security testing. The organization serves clientsacross different industries, such as retail, Banking, Financial Services, andInsurance (BFSI), government, healthcare, IT, manufacturing, media &telecom, and others. The company has presence in North America, Europe, APAC,MEA, and Latin America. HPE is considered one of the strongest suppliers insecurity testing solutions. The organization follows both organic as well asinorganic growth strategies for expansion of its market share. With the newproduct launch of HP Fortify scan analytics, the organization is expanding itsclient base by securing digital enterprises across the globe.
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