Cybersecurity Testing Market - Global Forecast tc2027
Cybersecurity testing mainly consists of services that measure the effectiveness of strategies employed against potential cyberattacks. Cybersecurity testing services reduce the risk of cyberattacks by identifying and mitigating cybersecurity gaps in processes and technologies.
The global cybersecurity testing market size is expected to grow from USD XX million in 2022 to USD XX million by 2027, at a CAGR of XX%. Increasing number of cyberattacks on various industries, and rising investments by governments and private organizations globally to ensure a secure industrial environment are some of the major factors driving the cybersecurity testing market growth.
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Drivers: Increasing number of cyberattacks on various industries
Critical infrastructure facilities in almost all the industries are highly dependent on the installation of cybersecurity systems and services for ensuring a secure industrial environment. However, the growing adoption of advanced technologies such as AI and IoT for various applications across many verticals has given rise to cyber risks owing to the development of a connected ecosystem. With advanced data mining solutions, many attackers target sensitive and valuable information. Hence, organizations are expected to update their security solutions based on the latest and advanced protocols if they want to counter the acts of cybercriminals. The increasing number of cyberattacks globally across various industries is expected to create a surge in demand for cybersecurity testing services.
Challenges: Lack of awareness about the importance of cybersecurity
Various industrial sectors use advanced security technologies to prevent cyberattacks, but attackers develop new techniques and procedures to infiltrate these technologies. Investments in security defense and detection technologies help develop effective defense strategies; however, human errors are one of the key reasons for most breaches. These errors take place due to the lack of awareness among people, putting organizations at risk. Advanced cyber threats that are diverse in nature target vulnerabilities in networks and use these vulnerabilities to get an entry into enterprise networks. Lack of awareness among personnel about the criticality of cybersecurity is a major factor impeding the market growth.
Key Market Players
DEKRA (Germany), Intertek Group plc (UK), SGS (Switzerland), Bureau Veritas (France), and DNV GL (Norway) are some of the major players in the cybersecurity testing market,
Recent Developments
- In September 2021, DEKRA announced the launch of cybersecurity services for consumer IoT devices in accordance with the new ETSI EN 303 645 consumer IoT cybersecurity standard.
- In February 2021, Bureau Veritas announced the acquisition of Secura B.V., an independent company specializing in cybersecurity services. With this acquisition, Bureau Veritas aimed to expand its portfolio related to cybersecurity services and strengthen its position in the cybersecurity testing market.
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TABLE OF CONTENTS
1 Introduction
1.1. Study Objectives
1.2. Market Definition
1.3. Study Scope
1.4. Currency
1.5. Limitations
1.6. Market Stakeholders
2 Research Methodology
2.1. Research Approach
2.1.1. Secondary Data
2.1.1.1. Major secondary sources
2.1.1.2. Key data from secondary sources
2.1.2. Primary Data
2.1.2.1. Key participants in primary processes across the value chain
2.1.2.2. Breakdown of primaries
2.1.2.3. Key data from primary sources
2.1.3. Secondary and Primary Research
2.1.3.1. Key Industry Insights
2.2. Market Size Estimation
2.3. Market Breakdown and Data Triangulation
2.4. Research Assumptions
2.5. Risk Assessment
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges
5.3. Value Chain Analysis
5.4. Cybersecurity Testing Market Ecosystem
5.5. Key Industry Trends
5.6. Porter’s Five Forces Analysis
5.7. Case Studies
5.8. Trade Analysis
5.9. Patent Analysis
5.10. Regulatory Landscape
6 Cybersecurity Testing Market, By Organization Size
6.1. Introduction
6.2. Small & Medium Size Organization
6.3. Large Organization
7 Cybersecurity Testing Market, By Vertical
7.1. Introduction
7.2. Consumer & Retail
7.3. Chemical
7.4. Energy & Utilities
7.5. Automotive
7.6. Healthcare
7.7. Others (Construction & Infrastructure, IT & Telecom)
8 Cybersecurity Testing Market, by Region
8.1. Introduction
8.2. North America
8.2.1. US
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Rest of Europe
8.4. Asia Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Rest of Asia Pacific
8.5. Rest of the World
8.5.1. South America
8.5.2. Middle East & Africa
9 Competitive Landscape
9.1. Introduction
9.2. Market Share Analysis, 2021
9.3. Competitive Scenario
9.3.1. Product Launches
9.3.2. Deals
9.3.3. Others
9.4. Company Evaluation Quadrant, 2021
9.4.1. Stars
9.4.2. Emerging Leaders
9.4.3. Pervasive
9.4.4. Participants
10 Company Profiles
10.1. Introduction
10.2. Key Players
10.2.1. DEKRA
10.2.1.1. Business Overview
10.2.1.2. Services Offered
10.2.1.3. Recent Developments
10.2.2. Intertek Group plc
10.2.2.1. Business Overview
10.2.2.2. Services Offered
10.2.2.3. Recent Developments
10.2.3. SGS
10.2.3.1. Business Overview
10.2.3.2. Services Offered
10.2.3.3. Recent Developments
10.2.4. Bureau Veritas
10.2.4.1. Business Overview
10.2.4.2. Services Offered
10.2.4.3. Recent Developments
10.2.5. DNV GL
10.2.5.1. Business Overview
10.2.5.2. Services Offered
10.2.5.3. Recent Developments
10.2.6. TÜV SÜD
10.2.6.1. Business Overview
10.2.6.2. Services Offered
10.2.6.3. Recent Developments
Note: The list of companies is subject to change based on research
11 Appendix
11.1. Discussion Guide
11.2. Knowledge Store: MarketsandMarkets’ Subscription Portal
11.3. Available Customization
11.4. Related Reports
11.5. Author Details
Growth opportunities and latent adjacency in Cybersecurity Testing Market