Summary

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 security testing market is growing largely because of the developments of AI and ML that make anomaly detection and vulnerability prediction more reliable and thus improve threat detection and data protection. Moreover, the introduction of the new cloud-based security testing platforms further propels the market growth as these platform enables companies to access cost-effective and flexible solutions for protecting cloud environments.
“By vertical, the healthcare segment accounts for the highest CAGR during the forecast period.”
The healthcare vertical holds the largest market share in the security testing market due to its critical need for stringent security measures. With high reliability standards required to comply with industry regulations and internal best practices, healthcare organizations must protect sensitive patient information. The frequent targeting of hospitals and critical healthcare institutions by cybercriminals, driven by the urgency to disrupt IT systems and exploit vulnerabilities, highlights the sector's vulnerability. Incidents like ransomware attacks and medical identity theft can severely compromise patient care and safety. The potential for significant adverse impacts, including stalled treatments and false health records, underscores the necessity for robust security testing.

“By security testing type, the application security testing segment accounts for the highest CAGR during the forecast period.”
Application security testing market has the growing at the fastest rate in security testing market because companies in different sectors, for example, BFSI, healthcare, retail, IT & ITeS, and Telecom, are depending much more on applications. With companies increasingly deploying digital solutions, it has become imperative to discover and address vulnerabilities in internal and external applications and their APIs. Additionally, the increasing number of sophisticated threats has resulted into the development of advanced testing tools with dedicated services and features for application security testing making it a lucrative segment with high growth potential.

Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 20%, Tier 2 – 32%, and Tier 3 – 48%
• By Designation: C-level – 40% and Managers and Other Levels – 60%
• By Region: North America – 40%, Europe – 25%, Asia Pacific – 20%, Middle East & Africa – 10%, Latin America – 5%
Major vendors in the global security testing market include as IBM (US), HCLTech (India), Synopsys (US), OpenText (UK), Cigniti Technologies (US), Qualitest (UK), Intertek (UK), DXC Technology (US), eInfochips (US), Checkmarx (US), HackerOne (US), Invicti (US), DataArt (US), Cobalt Labs (US), Trustwave (US), Contrast Security (US), Veracode (US), Qualys (US), OffSec (US), NCC Group (UK), GitHub (US), Bugcrowd (US), Applause (US), Rapid7 (US), Parasoft (US), BreachLock (US), ImmuniWeb (Switzerland), Pentest People (UK), SafeAeon (US), and REDTEAM.PL (Poland).

The study includes an in-depth competitive analysis of the key players in the security testing market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the security testing market and forecasts its size by Security Testing Type (Network Security Testing, Application Security Testing, Device Security Testing, and Social Engineering Testing), Network Security Testing Type (Network Penetration Testing, Vulnerability Scanning, Wifi/Wireless Security Testing, Firewall Security Testing, and Network Configuration Auditing), Application Security Testing Type (Mobile Application Security Testing, Web Application Security Testing, API Security Testing, and Secure Code Review), Application Security Testing Tools (RASP (Runtime Application Self-Protection), SAST (Static Application Security Testing), DAST (Dynamic Application Security Testing), and IAST (Interactive Application Security Testing)), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Healthcare, Government & Defense, IT & ITeS, Telecommunication, Manufacturing, Retail & E-Commerce, Education, Energy & Utilties, and Other Vertical), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall security testing market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing sophistication in cyberattack drives the growth of security testing, rising demand of security testing for web and mobile applications, stringent government regulations to increase the adoption of security testing solutions and services, and need to ensure seamless user experience with accelerated release cycles), restraints (security breaches due to internal vulnerabilities), opportunities (emergence of technologies like ai and ml in security testing, increase in adoption of cloud-based security testing, and integration of DevSecOps in software security testing), and challenges (higher costs involved in executing security tests and lack of cybersecurity professionals)

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the security testing market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the security testing market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the security testing market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players IBM (US), HCLTech (India), Synopsys (US), OpenText (UK), Cigniti Technologies (US), among others, in the security testing market strategies.

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Table of Contents

1 INTRODUCTION 38
1.1 STUDY OBJECTIVES 38
1.2 MARKET DEFINITION 38
1.2.1 INCLUSIONS AND EXCLUSIONS 38
1.3 STUDY SCOPE 39
1.3.1 MARKET SEGMENTATION 40
1.4 YEARS CONSIDERED 41
1.5 CURRENCY CONSIDERED 41
1.6 STAKEHOLDERS 42
1.7 SUMMARY OF CHANGES 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
2.1.1 SECONDARY DATA 44
2.1.2 PRIMARY DATA 44
2.1.2.1 Breakup of primary profiles 45
2.1.2.2 Key insights from industry experts 45
2.2 DATA TRIANGULATION 46
2.3 MARKET SIZE ESTIMATION 46
2.3.1 TOP-DOWN APPROACH 47
2.3.2 BOTTOM-UP APPROACH 47
2.4 MARKET FORECAST 51
2.5 RESEARCH ASSUMPTIONS 52
2.6 RESEARCH LIMITATIONS 52
3 EXECUTIVE SUMMARY 53
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN SECURITY TESTING MARKET 57
4.2 SECURITY TESTING MARKET, BY SECURITY TESTING TYPE, 2024 58
4.3 SECURITY TESTING MARKET, BY NETWORK SECURITY TESTING TYPE, 2024 58
4.4 SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING TYPE, 2024 59
4.5 SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING TOOL, 2024 59
4.6 SECURITY TESTING MARKET, BY ORGANIZATION SIZE, 2024 60
4.7 SECURITY TESTING MARKET, BY VERTICAL, 2024 60
4.8 MARKET INVESTMENT SCENARIO 61
5 MARKET OVERVIEW AND INDUSTRY TRENDS 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
5.2.1 DRIVERS 62
5.2.1.1 Increased sophistication and variety in cyberattacks fueling demand for security testing 62
5.2.1.2 Rapid adoption of web and mobile applications vulnerable to cyberattack 63
5.2.1.3 Stringent government regulations to develop cybersecurity standards for data protection 63
5.2.1.4 Need to ensure seamless user experience with accelerated release cycles 64
5.2.2 RESTRAINTS 64
5.2.2.1 Security breaches due to internal vulnerabilities 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Emergence of technologies, such as AI and ML, in security testing 64
5.2.3.2 Increased adoption of cloud-based security testing 65
5.2.3.3 Integration of DevSecOps in software security testing 65
5.2.4 CHALLENGES 65
5.2.4.1 Absence of skilled cybersecurity professionals 65
5.2.4.2 Higher costs involved in executing security tests 66
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
5.4 PRICING ANALYSIS 66
5.4.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TESTING TYPE 66
5.4.2 INDICATIVE PRICING ANALYSIS, BY VENDOR 67
5.5 VALUE CHAIN ANALYSIS 70
5.5.1 SECURITY TESTING TOOLS AND SERVICE PROVIDERS 71
5.5.2 TECHNOLOGY PROVIDERS 71
5.5.3 CONSULTANTS & INTEGRATORS 71
5.5.4 REGULATORY BODIES & STANDARDS 71
5.5.5 VARS/DISTRIBUTORS/RESELLERS 71
5.5.6 END USERS 71
5.6 ECOSYSTEM 72
5.7 TECHNOLOGY ANALYSIS 73
5.7.1 KEY TECHNOLOGIES 74
5.7.1.1 Static Application Security Testing (SAST) 74
5.7.1.2 Dynamic Application Security Testing (DAST) 74
5.7.2 COMPLEMENTARY TECHNOLOGIES 74
5.7.2.1 Threat intelligence 74
5.7.2.2 DevSecOps 74
5.7.3 ADJACENT TECHNOLOGIES 75
5.7.3.1 Artificial Intelligence (AI) and Machine Learning (ML) 75
5.7.3.2 Blockchain 75
5.8 PATENT ANALYSIS 75
5.9 KEY CONFERENCES AND EVENTS IN 2024–2025 78
5.10 REGULATORY LANDSCAPE 79
5.10.1 GENERAL DATA PROTECTION REGULATION (GDPR) 79
5.10.2 PAYMENT CARD INDUSTRY-DATA SECURITY STANDARD (PCI-DSS) 79
5.10.3 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) 79
5.10.4 GRAMM-LEACH-BLILEY (GLB) ACT 80
5.10.5 SARBANES-OXLEY (SOX) ACT 80
5.10.6 SOC2 80
5.11 PORTER’S FIVE FORCES ANALYSIS 86
5.11.1 THREAT OF NEW ENTRANTS 87
5.11.2 THREAT OF SUBSTITUTES 87
5.11.3 BARGAINING POWER OF SUPPLIERS 87
5.11.4 BARGAINING POWER OF BUYERS 87
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 87
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 88
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 88
5.12.2 BUYING CRITERIA 89
5.13 INVESTMENT AND FUNDING SCENARIO 89
5.14 IMPACT OF GENERATIVE AI ON SECURITY TESTING MARKET 90
5.14.1 TOP USE CASES AND MARKET POTENTIAL 90
5.14.1.1 Key use cases 90
5.14.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEM 91
5.14.2.1 Identity and Access Management (IAM) 91
5.14.2.2 Blockchain 92
5.14.2.3 Internet of Things (IoT) 92
5.14.2.4 Security Information and Event Management (SIEM) 92
5.14.2.5 Cloud computing 92
5.15 CASE STUDY ANALYSIS 92
5.15.1 SIEMENS HEALTHINEERS ENHANCED SECURITY OF APPLICATION DEVELOPMENT WITH CHECKMARX'S STATIC CODE ANALYSIS 93
5.15.2 THALES ALENIA SPACE BOOSTED CODE QUALITY AND SECURITY USING SYNOPSYS COVERITY AND BLACK DUCK 94
5.15.3 NORTHBRIDGE FINANCIAL IMPROVED API TESTING EFFICIENCY AND COVERAGE USING PARASOFT TOOLS 95
5.15.4 COHESION ENHANCED MOBILE APP SECURITY WITH NOWSECURE PLATFORM FOR SMART BUILDING SOLUTIONS 96
5.15.5 BUGCROWD HELPED RAPYD ELEVATE SECURITY WITH PENETRATION AS A SERVICE AND BUG BOUNTY PROGRAMS 96
6 SECURITY TESTING MARKET, BY SECURITY TESTING TYPE 98
6.1 INTRODUCTION 99
6.1.1 SECURITY TESTING TYPES: SECURITY TESTING MARKET DRIVERS 99
6.1.2 NETWORK SECURITY TESTING 101
6.1.2.1 Rapid growth of cyberattacks and need to address network security issues and minimize data loss to propel market 101
6.1.3 APPLICATION SECURITY TESTING 102
6.1.3.1 Need to identify vulnerabilities, threats, and risks in internal and external applications to fuel market growth 102
6.1.4 DEVICE SECURITY TESTING 103
6.1.4.1 Advancements in device security testing with post-quantum cryptography solutions to boost market growth 103
6.1.5 SOCIAL ENGINEERING TESTING 104
6.1.5.1 Social engineering testing to mitigate risks with enhanced penetration testing 104
7 SECURITY TESTING MARKET, BY NETWORK SECURITY TESTING TYPE 105
7.1 INTRODUCTION 106
7.1.1 NETWORK SECURITY TESTING TYPES: SECURITY TESTING MARKET DRIVERS 106
7.1.2 NETWORK PENETRATION TESTING 107
7.1.2.1 Network penetration testing to help ethical hackers simulate cyberattacks to uncover vulnerabilities 107
7.1.3 VULNERABILITY SCANNING 108
7.1.3.1 Network vulnerability scanning solutions to identify and mitigate potential threats 108
7.1.4 WI-FI/WIRELESS SECURITY TESTING 109
7.1.4.1 Need to identify vulnerabilities in wireless networks and ensure protection of sensitive data and systems to bolster market growth 109
7.1.5 FIREWALL SECURITY TESTING 110
7.1.5.1 Firewall security testing to evaluate effectiveness of firewalls in protecting networks from unauthorized access and cyber threats 110
7.1.6 NETWORK CONFIGURATION AUDITING 111
7.1.6.1 Network configuration auditing to scan network infrastructure, check for compliance with security policies, and identify devices with outdated firmware or insecure configurations 111
8 SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING TYPE 113
8.1 INTRODUCTION 114
8.1.1 APPLICATION SECURITY TESTING TYPES: SECURITY TESTING MARKET DRIVERS 114
8.1.2 MOBILE APPLICATION SECURITY TESTING 115
8.1.2.1 Mobile application security testing to protect sensitive data, help organizations adhere to regulations, and enhance security posture 115
8.1.3 WEB APPLICATION SECURITY TESTING 116
8.1.3.1 Web application security testing to help prevent data breaches, ensure compliance with industry standards, and maintain user trust 116
8.1.4 API SECURITY TESTING 117
8.1.4.1 API security testing to validate API endpoints to detect vulnerabilities that attackers might exploit and ensure safe integration with development processes 117
8.1.5 SECURE CODE REVIEW 118
8.1.5.1 Secure code review to help developers address issues early by analyzing code for potential security flaws and preventing future breaches and attacks 118
9 SECURITY TESTING MARKET, BY APPLICATION SECURITY TESTING TOOL 120
9.1 INTRODUCTION 121
9.1.1 APPLICATION SECURITY TESTING TOOLS: SECURITY TESTING MARKET DRIVERS 121
9.1.2 RUNTIME APPLICATION SELF-PROTECTION (RASP) 122
9.1.2.1 RASP to protect applications in real-time by detecting and blocking attacks 122
9.1.3 STATIC APPLICATION SECURITY TESTING (SAST) 123
9.1.3.1 Next-Gen SAST tools to enhance speed and accuracy and help identify and fix security flaws early 123
9.1.4 DYNAMIC APPLICATION SECURITY TESTING (DAST) 124
9.1.4.1 DAST tools to evaluate web applications while running and simulate real-world attacks to identify vulnerabilities 124
9.1.5 INTERACTIVE APPLICATION SECURITY TESTING (IAST) 125
9.1.5.1 Interactive Application Security Testing (IAST) to combine static and dynamic testing elements to uncover web application vulnerabilities during runtime integration 125
10 SECURITY TESTING MARKET, BY ORGANIZATION SIZE 127
10.1 INTRODUCTION 128
10.1.1 ORGANIZATION SIZES: SECURITY TESTING MARKET DRIVERS 128
10.1.2 LARGE ENTERPRISES 129
10.1.2.1 Trend of digitalization and security testing, growing connectivity of bandwidths, and mobility trends in large enterprises to drive market 129
10.1.3 SMALL AND MEDIUM-SIZED ENTERPRISES 130
10.1.3.1 Complex IT environments and need to comply with stringent data protection regulations to propel market 130
11 SECURITY TESTING MARKET, BY VERTICAL 132
11.1 INTRODUCTION 133
11.1.1 VERTICALS: SECURITY TESTING MARKET DRIVERS 133
11.1.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 135
11.1.2.1 Reliance on digital platforms for smart banking, internet banking, and mobile transactions increasing cyberattacks to foster market growth 135
11.1.3 HEALTHCARE 136
11.1.3.1 Critical nature of operations and sensitive nature of patient data to drive demand for security testing 136
11.1.4 GOVERNMENT & DEFENSE 137
11.1.4.1 Escalating cyber threats and evolving regulatory requirements to boost demand for security testing solutions 137
11.1.5 IT & ITES 138
11.1.5.1 Continuous development of new solutions and extensive use of web and mobile applications to rise demand for security testing solutions 138
11.1.6 TELECOMMUNICATIONS 139
11.1.6.1 Need to protect against evolving threats, comply with regulatory standards, and ensure reliability of services to boost market growth 139
11.1.7 MANUFACTURING 140
11.1.7.1 Security testing to help adhere to compliance requirements, protect against potential data breaches, and ensure overall security of manufacturing operations 140
11.1.8 RETAIL & ECOMMERCE 141
11.1.8.1 Digital transformation in retail and high-value transactions to accelerate market growth 141
11.1.9 EDUCATION 142
11.1.9.1 Surge in vulnerabilities in eLearning sector and shift toward digital technologies for educational data to propel market 142
11.1.10 ENERGY & UTILITIES 143
11.1.10.1 Rapid incorporation of digital technologies increasing exposure to cyberattacks to drive market 143
11.1.11 OTHER VERTICALS 144
12 SECURITY TESTING MARKET, BY REGION 146
12.1 INTRODUCTION 147
12.2 NORTH AMERICA 148
12.2.1 NORTH AMERICA: SECURITY TESTING MARKET DRIVERS 148
12.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK 149
12.2.3 US 154
12.2.3.1 Focus on strategic developments and rising incidents of cyber threats to drive market 154
12.2.4 CANADA 159
12.2.4.1 Significant rise in various types of cybercrimes to fuel demand for enhanced security testing 159
12.3 EUROPE 163
12.3.1 EUROPE: SECURITY TESTING MARKET DRIVERS 164
12.3.2 EUROPE: MACROECONOMIC OUTLOOK 164
12.3.3 UK 169
12.3.3.1 Strategic advancement in security testing through AI collaboration to boost market growth 169
12.3.4 GERMANY 173
12.3.4.1 Rapid digital transformation and surge in cyber threats to bolster demand for security testing 173
12.3.5 FRANCE 177
12.3.5.1 Expanding cybersecurity landscape to boost demand for security testing solutions 177
12.3.6 ITALY 182
12.3.6.1 Rise in sophisticated cyberattacks and demand for cybersecurity in automotive & industrial sectors to propel market 182
12.3.7 REST OF EUROPE 186
12.4 ASIA PACIFIC 190
12.4.1 ASIA PACIFIC: SECURITY TESTING MARKET DRIVERS 191
12.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK 191
12.4.3 CHINA 197
12.4.3.1 Escalating cyber threats and stringent regulations regarding cybersecurity challenges to accelerate market growth 197
12.4.4 JAPAN 201
12.4.4.1 Advanced technological landscape and increasing cyber threats to fuel market growth 201
12.4.5 INDIA 206
12.4.5.1 Advancements in India’s security testing frameworks and implementation of new regulations to propel market 206
12.4.6 REST OF ASIA PACIFIC 210
12.5 MIDDLE EAST & AFRICA 215
12.5.1 MIDDLE EAST & AFRICA: SECURITY TESTING MARKET DRIVERS 215
12.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK 215
12.5.3 GULF COOPERATION COUNCIL COUNTRIES 220
12.5.3.1 Implementation of 'Vision for Regional Security’ to accelerate market growth 220
12.5.3.2 KSA 225
12.5.3.2.1 Growing digital transformation and rising instances of cyber threats to drive market 225
12.5.3.3 UAE 230
12.5.3.3.1 UAE to enhance cybersecurity through advanced training and SOC innovations 230
12.5.3.4 Rest of GCC countries 234
12.5.4 SOUTH AFRICA 239
12.5.4.1 Growing prevalence of phishing attacks, social engineering scams, and phishing scams to propel market 239
12.5.5 REST OF MIDDLE EAST & AFRICA 243
12.6 LATIN AMERICA 248
12.6.1 LATIN AMERICA: SECURITY TESTING MARKET DRIVERS 248
12.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK 248
12.6.3 BRAZIL 253
12.6.3.1 Adoption of agile development methods, increasing automation in testing, and rise of AI testing to foster market growth 253
12.6.4 MEXICO 258
12.6.4.1 State-driven cyber-espionage and hacktivism and vulnerability of government organizations to propel market 258
12.6.5 REST OF LATIN AMERICA 262
13 COMPETITIVE LANDSCAPE 267
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 267
13.2 REVENUE ANALYSIS 268
13.3 MARKET SHARE ANALYSIS 269
13.4 PRODUCT/BRAND COMPARISON 272
13.5 COMPANY VALUATION AND FINANCIAL METRICS 273
13.5.1 COMPANY VALUATION 273
13.5.2 FINANCIAL METRICS USING EV/EBIDTA 273
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 274
13.6.1 STARS 274
13.6.2 EMERGING LEADERS 274
13.6.3 PERVASIVE PLAYERS 275
13.6.4 PARTICIPANTS 275
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 276
13.6.5.1 Company footprint 276
13.6.5.2 Security testing type footprint 277
13.6.5.3 Application security testing type footprint 278
13.6.5.4 Vertical footprint 279
13.6.5.5 Regional footprint 280
13.7 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 281
13.7.1 PROGRESSIVE COMPANIES 281
13.7.2 RESPONSIVE COMPANIES 281
13.7.3 DYNAMIC COMPANIES 281
13.7.4 STARTING BLOCKS 281
13.7.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 283
13.7.5.1 Key start-ups/SMEs 283
13.7.5.2 Competitive benchmarking of key start-ups/SMEs 284
13.8 COMPETITIVE SCENARIO AND TRENDS 286
13.8.1 PRODUCT LAUNCHES AND ENHANCEMENTS 286
13.8.2 DEALS 288
14 COMPANY PROFILES 293
14.1 KEY PLAYERS 293
14.1.1 IBM 293
14.1.1.1 Business overview 293
14.1.1.2 Products/Solutions/Services offered 294
14.1.1.3 Recent developments 295
14.1.1.3.1 Deals 295
14.1.1.4 MnM view 296
14.1.1.4.1 Right to win 296
14.1.1.4.2 Strategic choices 296
14.1.1.4.3 Weaknesses and competitive threats 296
14.1.2 HCLTECH 297
14.1.2.1 Business overview 297
14.1.2.2 Products/Solutions/Services offered 298
14.1.2.3 Recent developments 299
14.1.2.3.1 Deals 299
14.1.2.4 MnM view 299
14.1.2.4.1 Right to win 299
14.1.2.4.2 Strategic choices 299
14.1.2.4.3 Weaknesses and competitive threats 299
14.1.3 SYNOPSYS 300
14.1.3.1 Business overview 300
14.1.3.2 Products/Solutions/Services offered 301
14.1.3.3 Recent developments 302
14.1.3.3.1 Product launches and enhancements 302
14.1.3.3.2 Deals 303
14.1.3.4 MnM view 303
14.1.3.4.1 Right to win 303
14.1.3.4.2 Strategic choices 304
14.1.3.4.3 Weaknesses and competitive threats 304
14.1.4 OPENTEXT 305
14.1.4.1 Business overview 305
14.1.4.2 Products/Solutions/Services offered 306
14.1.4.3 Recent developments 307
14.1.4.3.1 Product launches 307
14.1.4.4 MnM view 307
14.1.4.4.1 Right to win 307
14.1.4.4.2 Strategic choices 308
14.1.4.4.3 Weaknesses and competitive threats 308
14.1.5 CIGNITI TECHNOLOGIES 309
14.1.5.1 Business overview 309
14.1.5.2 Products/Solutions/Services offered 310
14.1.5.3 MnM view 311
14.1.5.3.1 Right to win 311
14.1.5.3.2 Strategic choices 311
14.1.5.3.3 Weaknesses and competitive threats 311
14.1.6 QUALITEST 312
14.1.6.1 Business overview 312
14.1.6.2 Products/Solutions/Services offered 312
14.1.7 INTERTEK 313
14.1.7.1 Business overview 313
14.1.7.2 Products/Solutions/Services offered 314
14.1.8 DXC TECHNOLOGY 316
14.1.8.1 Business overview 316
14.1.8.2 Products/Solutions/Services offered 317

14.1.8.3 Recent developments 317
14.1.8.3.1 Deals 317
14.1.9 EINFOCHIPS 318
14.1.9.1 Business overview 318
14.1.9.2 Products/Solutions/Services offered 319
14.1.10 CHECKMARX 321
14.1.10.1 Business overview 321
14.1.10.2 Products/Solutions/Services offered 321
14.1.10.3 Recent developments 322
14.1.10.3.1 Product launches 322
14.1.10.3.2 Deals 322
14.1.11 HACKERONE 325
14.1.11.1 Business overview 325
14.1.11.2 Products/Solutions/Services offered 325
14.1.11.3 Recent developments 326
14.1.11.3.1 Deals 326
14.1.12 INVICTI 328
14.1.12.1 Business overview 328
14.1.12.2 Products/Solutions/Services offered 328
14.1.12.3 Recent developments 329
14.1.12.3.1 Product launches 329
14.1.12.3.2 Deals 329
14.1.13 DATAART 330
14.1.13.1 Business overview 330
14.1.13.2 Products/Solutions/Services offered 330
14.1.14 COBALT 331
14.1.14.1 Business overview 331
14.1.14.2 Products/Solutions/Services offered 331
14.1.14.3 Recent developments 332
14.1.14.3.1 Product launches 332
14.1.14.3.2 Deals 332
14.1.15 TRUSTWAVE 333
14.1.16 CONTRAST SECURITY 333
14.1.17 VERACODE 334
14.1.18 QUALYS 335
14.1.19 OFFSEC 335
14.1.20 NCC GROUP 336
14.1.21 GITHUB 336
14.1.22 BUGCROWD 337
14.1.23 APPLAUSE 338
14.1.24 RAPID7 338
14.1.25 PARASOFT 339
14.2 OTHER PLAYERS 340
14.2.1 BREACHLOCK 340
14.2.2 IMMUNIWEB 340
14.2.3 PENTEST PEOPLE 341
14.2.4 SAFEAEON 342
14.2.5 REDTEAM.PL 342
15 ADJACENT AND RELATED MARKETS 343
15.1 INTRODUCTION 343
15.2 LIMITATIONS 343
15.2.1 PENETRATION TESTING AS A SERVICE MARKET 344
15.2.2 PENETRATION TESTING MARKET 347
16 APPENDIX 351
16.1 DISCUSSION GUIDE 351
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 355
16.3 CUSTOMIZATION OPTIONS 357
16.4 RELATED REPORTS 357
16.5 AUTHOR DETAILS 358