Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Asia-Pacific Security Testing Market, published by KBV Research, the Security Testing market in Asia-Pacific is expected to attain a market size of $2.4 billion by 2022, growing at a CAGR of 19.9% during the forecast period.
The introduction of wide range of applications and an unprecedented growth in cyber threats have led to need for security testing services. Security Testing is a fast growing technology as many other industry verticals find the technology as promising and efficient.
Application security testing market is anticipated to register the highest CAGR during 2016-2022. Application security testing solutions are used to ensure security of web and mobile applications that are deployed by organizations to bring in efficiency in business operations. The new technological trends such as IoT and BYOD have successfully connected wide range of applications, which have despite efficiency, have turned vulnerable to advanced persistent threats. Therefore, the security of these applications has been a prime concern for organizations.
The security testing market in Asia-Pacific is segmented into various industry verticals. In 2015, Government and Public Utilities dominated the Security Testing Market Asia-Pacific by Vertical with market revenue of $224.9 Million. However, Healthcare witnesses highest CAGR of 21.7% during the forecast period.
Based on Country, the Security Testing market Asia-Pacific is bifurcated into China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific. In 2015, China dominated the Asia-Pacific Security Testing Market by Country, and it would be the leader by 2022, grows with a CAGR of 16.1% during the forecast period. However, Malaysia witnesses highest CAGR of 22.5% during the forecast period.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Asia-Pacific Security Testing market have been discussed in the report along with the elaborated company profiles namely IBM Corporation, HP Enterprise Company, FireEye, Inc., Logrhythm, Inc., Alien Vault, Inc., Arbor Networks, Inc. and Blue Coat Systems, Inc.