Security Testing Market

The security testing market is projected to grow from USD 10.96 billion in 2025 to USD 40.99 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 24.6% during the forecast period. The security testing market is driven by the rapid adoption of web and mobile applications, which increases the number of exposed digital interfaces and elevates the risk of application-level cyberattacks. Shorter release cycles and continuous updates often introduce security gaps that require regular testing. At the same time, growing reliance on third-party and open-source components expands software supply chain risks. Vulnerabilities embedded within external libraries can enter into applications, reinforcing the need for comprehensive and continuous security testing practices.

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Competitive Overview:

The security testing market is led by some of the globally established players, such as IBM (US), HCLTech (India), Black Duck (Synopsys) (US), OpenText (Canada), Cigniti Technologies (Coforge) (India), Qualitest (UK), Intertek (UK), DXC Technology (US), eInfochips (US), Checkmarx (US), HackerOne (US), Invicti (US), DataArt (US), Cobalt (US), LevelBlue (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), REDTEAM.PL (Poland), Pentera (US), Qualizeal (US), Astra Security (US), NowSecure (US), and Fluid Attacks (US). These market players have adopted various strategies, such as product launches, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the security and vulnerability management market. The organic and inorganic strategies have enabled market players to expand globally by providing advanced security and vulnerability management solutions.

In February 2025, Veracode partnered with GitHub to strengthen security testing within developer workflows by integrating automated application security testing and software composition analysis into CI pipelines, enabling earlier vulnerability detection, improved remediation efficiency, and stronger adoption of shift-left security practices across cloud native development environments.

In March 2025, Checkmarx formed a strategic alliance with AWS to enhance cloud native application security testing by embedding static, dynamic, and API security testing into AWS development environments, helping enterprises secure microservices architectures, improve risk visibility, and support DevSecOps-driven development at scale.

IBM is a global enterprise technology and services provider with deep expertise in hybrid cloud, artificial intelligence, and cybersecurity. In the security testing market, IBM offers a broad portfolio of assessment and validation services designed to help organizations identify weaknesses, validate defenses, and strengthen security postures across applications, networks, and infrastructure. IBM’s Penetration Testing Services enable adversary-style testing to uncover exploitable vulnerabilities before attackers can abuse them, supporting continuous risk assessment and secure operations. Its Vulnerability Assessment Solutions help enterprises discover, classify, and prioritize security gaps across IT and cloud environments, providing insights to drive remediation planning. IBM’s Application Security Services focus on testing and securing software across the development lifecycle, including code and runtime assessments, secure design reviews, and integration with DevSecOps practices. The company serves industries such as banking, healthcare, energy, manufacturing, and government. It operates in over 170 countries across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

HCLTech is a global technology and IT services provider with strong capabilities in digital engineering, cloud, and cybersecurity services. In the security testing market, HCLTech delivers a range of solutions designed to help enterprises identify security vulnerabilities, validate application and infrastructure defenses, and embed security throughout the software development lifecycle. HCLTech’s Central Application Security Testing (CAST) service offers a comprehensive assessment across web, mobile, and enterprise applications to uncover vulnerabilities early in development and reduce downstream risk. Its broader Security Testing Services include penetration testing, vulnerability assessment, and security validation for cloud, network, and hybrid IT environments, helping organizations strengthen their defensive posture against evolving threats. HCLTech also advances its security testing capabilities through Cognitive Shield, an AI-powered application security framework that combines intelligent scanning, automated vulnerability detection, and contextual risk analysis to accelerate testing accuracy and reduce manual overhead. The company caters to clients across key verticals such as BFSI, retail, healthcare, and government globally.

Market Ranking:

The security testing market is competitive in nature, with the top five players, IBM, OpenText, Cigniti Technologies (Coforge), Intertek, and Qualitest, together accounting for approximately 25–27% of the global market share. IBM leads with its extensive portfolio of penetration testing, vulnerability assessment, and application security services, supported by strong consulting expertise and global delivery capabilities. OpenText strengthens its position through its application security portfolio, particularly Fortify, which integrates security testing into software development pipelines. Cigniti Technologies (Coforge) differentiates itself by combining security testing with digital assurance and quality engineering services, emphasizing continuous testing and shift-left approaches. Intertek maintains a strong presence by offering compliance-driven security testing and assurance services across applications, networks, and connected devices, particularly for regulated industries. Qualitest focuses on integrating quality engineering with security testing, enabling continuous validation across the software development lifecycle. The remaining 73–75% of the market consists of a wide range of vendors offering specialized testing services and tools, highlighting a competitive landscape with strong differentiation and innovation.

Related Reports:

Security Testing Market by Type (Network, Application, Device, Social Engineering), Network Security Testing (Penetration Testing, Vulnerability Scanning, Firewall), Application Testing Tool (RASP, SAST, DAST, IAST) - Global Forecast to 2031

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