According to a report by Allied Market Research, the global network security testing market was valued at $1.8 billion in 2021 and is projected to reach $10.8 billion by 2031 , growing at a CAGR of 19.6% from 2022 to 2031 . The comprehensive report delves into key market segments, shifting trends, value chains, investment hotspots, competitive dynamics, and the regional landscape—serving as a valuable resource for investors, industry leaders, new entrants, and stakeholders seeking strategic insights. 

Network security testing involves identifying weaknesses and vulnerabilities within an organization's network and security infrastructure. By uncovering these flaws, organizations can implement effective countermeasures to bolster their defenses, meet compliance requirements, and maintain data privacy. Approaches to security testing vary across organizations, with distinct tools, objectives, and methods tailored to meet specific privacy and security goals.

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Market Impact of COVID-19

The COVID-19 pandemic had a positive influence on the network security testing market. Widespread digital adoption and the enforcement of remote working conditions increased the demand for secure digital tools. However, the shortage of skilled IT professionals and growing cybersecurity concerns presented significant challenges during this period.

Segmental Highlights

• By Type :

  • VPN testing emerged as the largest segment in 2021, contributing over 40% of the total market share , and is expected to retain its lead through 2031.

  • The firewall testing segment is anticipated to register the fastest CAGR of 21.2% during the forecast period.

• By Deployment Model :

  • The on-premise segment led the market in 2021, capturing nearly 60% of total revenue .

  • The cloud-based model, however, is projected to witness the highest growth rate at 20.9% CAGR through 2031.

• By Enterprise Size :

  • Large enterprises held more than two-thirds of the market share in 2021 and are expected to remain dominant.

  • Meanwhile, the SMEs segment is forecast to grow at the highest CAGR of 21.6% over the next decade.

• By Industry Vertical :

  • The BFSI sector accounted for the largest market share (over 25%) in 2021.

  • The healthcare sector is projected to grow the fastest, with a CAGR of 22.3% from 2022 to 2031.

Regional Insights

Regionally, North America led the global market in 2021 with over one-third market share and is expected to maintain its dominance. However, the Asia-Pacific region is projected to register the highest CAGR of 21.5% , driven by rapid digital transformation and increasing cybersecurity threats in emerging economies.

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Key Market Players:

The report features a detailed analysis of leading companies shaping the network security testing industry, including:

• Checkmarx Ltd.

• AT&T

• Core Security

• Cigniti

• IBM

• Data Theorem, Inc.

• Kryptowire

• ImpactQA

• McAfee, LLC

• LogRhythm, Inc.

• NowSecure

• Micro Focus

• PortSwigger Ltd.

• Parasoft

• ScienceSoft USA Corporation

• Rapid7

• Synopsys, Inc.

• SecureWorks, Inc.

• Veracode

The report nestles these key players in the global network security testing market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player. 

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About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. 

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 markets niche with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. support and customization requests. 

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